Quote from: 1Referee on October 25, 2018, 03:47:37 PM

Quote from: Diluman on October 25, 2018, 03:30:53 PM

you can find that the price volatility of BTC is lower than Amazon stocks. It indicates something is going on before the next bull run.

Stability could be an indicator for a bull run, or at least a strong rally, but what you ignore is the possibility that this stability can drag on for another 5-6 months if nothing changes. If Q4 historically wasn't a strong quarter for Bitcoin, the stability would probably drag on as stated.

I think at the very least the stability is the sign that the bear market is over, which is a precursor to the bull market. I don't think there are any direct bull market signals yet. As you say sideways trading could very last for months. Last time Bitcoin was between bear and bull markets it lasted for about 9 or so months trading between $200 and $300 from early 2015 until Oct of that year. That cycle was extended as the bear market itself lasted over a year and this one only lasted maybe just less than 9 months, but yeah we could see trading continuing to go sideways between the 5700 low and the 7400 last high of the bear market for several more months before a move upwards.

We do of course know about good bullish things happening in the near future that could jolt the market into the next bull market, the first of which is BAKKT in December. I think at least once BAKKT hits in December we'll be on the second half of the sideways transition phase and perhaps we'll start crossing some technicals at that point that look bullish and might just take another couple months to actually see the market start driving upwards.