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.
Its possible that only i feel like that and other people still see it like the normal bitcoin trend. But there was fun every week in crypto before.
What do you guys think ?? Is it just me or some of you others feel the same??
And if it is like that then what do you all think when the wild ride start again like old days ??
It's not a big deal, this has happened countless times, nobody want to lose both the bears and the bulls, everyone is taking caution to avoid been liquidated. If you observe carefully, you will notice that when the market is idle for about a week without any tangible moves, you will see a sudden spike upward especially when the price stays above the support for some while and when the price shut up a candle, after sometime again, it will get nuke and shutdown another red candle to come back and sit in the previous support; this happened a lot of times when traders want to liquidate one another when there is not any news.
What I think about this low volatility is uncerntainty, when the bulls and the bears are unsure of the next news that will come out for bitcoin, the market tends to always behave like that for a while even upto weeks without any significant moves; I believe if there is good news or bad news, the market knows how to make moves naturally without forcing it to move.