Quote from: el kaka22 on January 31, 2019, 05:33:14 PM

I really don't know anymore and it really scares me because nothing really moves bitcoin anymore. Unless something HUGE happens I feel like we are going to stay at the same 3-4 thousand levels forever, like something needs to happen and this price needs to change otherwise we are not going to see a bitcoin that is more than this current prices. It really needs to move and it needs to move now, I don't care even if its going down at this point, I just want to see it alive

Be careful what you wish for

As you just might get it finally. This "stability" is very deceptive. It is not the first time we see prices moving in a tight range (though it is definitely longer than usual), but it always ends in a powerful breakout. You may be sure you are not the only one who feels the same way as many traders are not happy with this market either. And to earn as before they have to narrow their trading ranges in such environment and add to their orders

It means that the range between major support and resistance levels is diminishing. At first it leads to price being sort of locked in between the narrowing walls, and this is what we actually see now. But ultimately, when the resistance or support is finally broken, there will a mighty price action either to the upside or downside as it always happens. And I don't think things are much different now (even though it may take longer than usual)