The quiet before the storm is here. Im not sure how much longer this sideways price action can go. A big move is coming. I still think we have a good dump coming taking us to $3000 before the next bull run. Whats your prediction?
Disclaimer: Im Hodling
Who can say like this? it may be up or down and no one knows this reality of price increase and decrease which wholly depends upon the demand rate when increases the price goes up and when decreases price goes down. Its major dependency is only on demand rate and nothing more affects much as compared with the demand rate. However, the market will recover from current conditions into favorable conditions once again in future upcoming days and can happen any time.
What is even mostly important when it comes to a market is to understand the reason why you are actually in that market in the first place. The only reason some people can come up with is because they want to get rich and the idea of trying to fix their minds on the long term becomes a problem.
Taking a look at the way things are presently, I would say that the market can end up moving to any direction at all since we are inside a triangle and have been trading sideways inside here now for a while as we get pretty close to the tip of it and the chances of seeing a direction pretty soon is imminent, what we can do now though is to just wait to see how things would eventually turn out.