For over two months Now, the market has been stagnant. No show of a solid bull in the market. some of my trading friends have abandoned there accounts believing that it might take months before we can see a bull market.
WHAT COULD POSSIBLY BE THE REASON BEHIND THE MARKET SLOW MOVEMENT?
Crypto price stability will be greatly influenced by how the existing demand factors. I think the current condition is very good to show a good climate of stability. It's rare for crypto to get this condition. But conditions like this actually are also detrimental to all of us, namely that we find it difficult to get the momentum to take advantage of the selling and buying margins. Let's just wait and see what will happen, I'm sure that there will be a bright future and we will all arrive at a very good phase in the future.
A climate of stability that I always classify as the moment of fight between the bulls and the bears, between demand and supply which depending on the direction the market tend towards that would determine the next leg we are going to be taking at the moment.
For anyone who is an aggressive trader, I would say being stagnant in the month is just a means of accumulation and depending on where the break out would be, is what would determine where you want to be placing your stop loss and looking at the reward as well. For now, all we can actually do like you said is to wait and see what happens of the market.