Quote from: nurilham on Today at 08:57:24 PM

Quote from: joker1313 on August 28, 2023, 03:42:18 AM

So i've been a trader since early 2017 and i have never seen such low volatility in market. Even at the time of 2018 bear run the things were quite slow but this time its totally different. It makes a move and consolidates for like a month or two now. Which was never the case in past.

What do you mean by low volatility? If you check the price of each crypto coin, it is still far from its ATH. Bitcoin: -62% from its ATH, ETH: -66%, BNB: -68%, XRP: -85%, ADA: -92%, EOS: -97%. LUNC: -100%. These are some examples of the crypto prices now, they are still trying to grow and come back to its ATH. If you count their best price and the current price, there is still too high gap. That's mean the volatility is very high, right? So, it doesn't makes sense if you judge there is a low of volatility in the market.

If the price of some crypto coins still consolidate or take a sideway phase for few months, that's because they follow the Bitcoin price trend. You must realize that the price of Bitcoin seems a bit slow to rise. After BTC price passed $30k few months ago, it dropped again below $30k because of some FUDs. It is difficult to return to above $30k because it is still many bad news spreading. So, we must understand if it is rather slow to move.

I think this situation also happened in past, right?

current price from the ATH has no link with volatility. you are saying BTC is -62% from the highs, because in a broader frame btc moves like this from always. high volatility is daily moves. in a single day candle btc used to turn 10% very frequently before. now it doesnt even more 1% on a daily candle. which is borind n bad for daily traders and scalpers. You ask any scalper if he is interested in this kind of market and he will always deny. -62% from ATH relates nothing here. it dropped 30% in just a single day when bear market started. that kind of volatility is missing these days. thats what i mean here