This is generally the result of a triangle compression, like the one we have currently :
http://uppix.net/e7KVMwl.jpg (Huobi)
Topic: Markets Stable for the past week... Sign of things to come or something else?!? (Read 481 times)
January 19, 2014, 12:12:17 PM
January 19, 2014, 11:43:59 AM
It really seems as though the trading markets have been really stable over the last several days? Do we think this is something to be expected as BTC becomes accepted and more recognized?
Or is it something that happens from time to time, when I first started trading the market would swing wildly over $150 between the High and Low. Yesterday on BTC-e the market was so stable it only varied $38 from High to Low....
Just wonder if it is common, or do we think it could be the calm before the storm effect?!?
Would like to hear from the veteran traders, what their take on the stable market will bring for trading, and if they think trading for profit will become increasingly harder in the future, and if they think the bots are making the market more predicable?
Regards,
CH
Or is it something that happens from time to time, when I first started trading the market would swing wildly over $150 between the High and Low. Yesterday on BTC-e the market was so stable it only varied $38 from High to Low....
Just wonder if it is common, or do we think it could be the calm before the storm effect?!?
Would like to hear from the veteran traders, what their take on the stable market will bring for trading, and if they think trading for profit will become increasingly harder in the future, and if they think the bots are making the market more predicable?
Regards,
CH
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