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?
I wanted to ask whether you have been around for long, before I saw that youre still a newbie or maybe youre not. But another question I have is, do you want that price to keep bulling all the time? Even a lot of people would still complain about that, there was a Bull last year in the market so I dont know why youre still expecting the same thing to be repeating itself. Just take things as it is, nothing more.
I do not even see any stagnancy here at all. If we are to consider something being stagnant, let's say for instance, bitcoin, then we should be talking about bitcoin just remaining at $6000 for days and weeks without even changing in price, now that is what I call stagnancy.
Even since around 15th October, we have been seeing some $100 changes steadily sideways, which to me is something that cannot be compared to being stagnant. The thing is that a lot of people just keep expecting huge volatility every time, but things do not work that way and it is not like the volatility is not there, which I believe the OP should wait for a break out and he will see.