Periods of stagnation in the market are common as is swings. Observe the long term charts and you will realise that the yearly volatility is usually under 15% and thus I would not compare the market to be that volatile that it can be said to be non-volatile now. It rather remains in its own movement that is often exaggerated as too high or too low.
Overall I think the stagnant market will be a good time to buy at the low since it's much lower than all time highs. But a trader should keep both cash and Bitcoin at hand to face the upcoming bull or near market respectively. If the market remains stagnant, just observe and wait it out.
Look out for crypto vix and you will see it can be said as non-volatile for now. thats the thing this kind of market is boring for scalpers n intraday traders. only investors and swing traders can work in this kind of market.
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That means the market will continue to move sideways and create a prolonged period of boredom, and will be followed by massive dumping to knock the last weak hands out of the market before we welcome the bull season. That's the scenario I'm thinking of, IMO.
It's a scheme that keeps happening, starting with bearish, big dumps that will throw out the short-term holders and those who are just panicky people.
and new holders will come in and have more confidence in their investments.
A sideway and very boring market will drive them out on its own, so there will be fewer people who are not in line.
Crypto volatility will always be there, it's still on hold now of course and this volatility will get crazier when the Halving happens and there is a lot of News for Bitcoin and crypto.
ofcourse it keeps happening. but this time they are moving things very slow. if you look out for the whole year, we are in the 9th month and we have probably seen 4 or 5 moves only. be it upwards or downward, only 4-5 moves in 9 months is like pretty boring and non-volatile. Thats the only main cause of this discussion that whats making the market go so slow.
So we had record low volatility and then after the GBTC news we finally broke up and pumped hard, only to stall and head back down before the pump.
It was nothing but a fake move. And most likely the sideways trading action will continue. When we head towards the end of September we will see more volatility and October and November will reveal what type of action we will have whether it’s bullish or bearish.
yea true and thats what major guys here are saying that let summers end we will definately see good moves, so just patiently watching the market for now with few small positions.