Quote from: timX5 on October 22, 2018, 02:41:22 AM

Trading volumes are at all times low plus stablecoin showing some concerns.. If BTC breaks through $6K mark, we might be in a free fall for some time again. Any thoughts?

Trading volume always get lower as we move towards the apex of a sideways triangle, as that is something normal. At this point now, a lot of traders are waiting for a break out to see the direction the bitcoin market most especially will take, and in such case, the only thing required at the moment is just patience and nothing else. Like you said, bitcoin breaking downward or upward is what would really determine how things would end up in a short period of time as the case may be. So at this stage, the thing is we can only wait to see how things turn out.

Quote from: batang_bitcoin on October 22, 2018, 03:03:56 AM

Again, no one really knows.

But how can you say that trading volumes now are low? it isn't low if it will become low then the market would react and goes lower than where we are right now. I guess you have tired waiting for the promised bull by many good predictors and even your own expectation's saying.

Exactly and there is absolutely no way anyone can know? It is a market and the chances of seeing the market experiencing some less volume in a sideways action at the moment, is something that is very normal. Trading is still going on however, but once we most definitely start seeing a break out to some extent, we most definitely will see market participants popping in and trading the break out and that is when you will understand the volume is still pretty much there one way, and it is only the sideways market that has not really bring about much activities at all.