Topic: The stable price action is driving people crazy, including me. - page 2. (Read 298 times)
Then this action is the ideal scenario for deep pockets to relieve the impatient of their coins. And it's not that stable. It can easily shed 15% in a day still which in a conventional market would cause heads to explode.
Great volatility is a gift for traders. But you always need to be prepared for stability. Whales invest a lot of money to destabilize the market. This is a very risky operation. As bitcoin grows in popularity, it will be harder to do so. Perhaps in the future, bitcoin will be easier to earn by doing practical work.
From 9:00 AM to 3:00 PM, BTC price changes by 1%, it's really driving me crazy.
See the analysis by Kuang Ren here:
Price shows weak strength for another uptrend and lacks momentum to pull price down after being stopped by the support at $10,300, indicating that BTC will move between $10,300 and $11,000.
Both bulls and bears are waiting for the motivation as price remains extremely stable. But the continuous consolidation pattern at current level is good for the upcoming upward move against several strong resistances.
The price action after uptrend will decide whether BTC will retest the bottom or not.
Original by Kuang Ren, translated by AICoin Jami.
See the analysis by Kuang Ren here:
Price shows weak strength for another uptrend and lacks momentum to pull price down after being stopped by the support at $10,300, indicating that BTC will move between $10,300 and $11,000.
Both bulls and bears are waiting for the motivation as price remains extremely stable. But the continuous consolidation pattern at current level is good for the upcoming upward move against several strong resistances.
The price action after uptrend will decide whether BTC will retest the bottom or not.
Original by Kuang Ren, translated by AICoin Jami.
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