Such Stability!

[thecodebear]

We're working on day 11 of prices hanging tight within a $130 range! That's crazy. Can't wait to see the price break. I think we could see an hour candle up to $6800 when it finally breaks.

[figmentofmyass]

We're working on day 11 of prices hanging tight within a $130 range! That's crazy. Can't wait to see the price break. I think we could see an hour candle up to $6800 when it finally breaks.

*pokes bitcoin with a stick*

the daily bollinger bands are still showing some range ($6250-6850). so i won't be surprised if there's a little headfake outside the 10-day range that doesn't follow through.

fingers crossed that you're right about the upside break. i don't trust exchanges with my coins, so hedging for me usually means 5-10x shorts on futures to minimize exchange risk. but that kind of leverage can really mess with one's emotions too. i'd much rather see a medium term bull trend develop so i can sit on my coins for a while.

[fabiorem]

If we have a breakout, I hope it will be straight to 12k.

[figmentofmyass]

If we have a breakout, I hope it will be straight to 12k.

i prefer slow and steady.

the giant green dildos often scare the bears out of the market, which sets up a long-heavy commitment of traders. too fast and all the shorts get squeezed without creating any support on the way up. that often ends in full retraces or slow bleeds.

i'd love to see a real struggle at $7400 over that august pivot. i wanna see bears piling them shorts on. i wanna see confident bears.

[thecodebear]

I'd love to see a huge spike up to $9000 that falls back to $7000 and then we build up slowly. But only because I have a bunch of trades stuck in the $8000s ;p

[The Sceptical Chymist]

We're working on day 11 of prices hanging tight within a $130 range!

What month are we working on as far as being in the $6000 +/- $500 range?  Seems like bitcoin has been stuck somewhere between just short of $5k and not much over $6500 for quite a while now, with no real action that would suggest any sort of trend.  This very much reminds me of not long after I'd gotten into bitcoin--the price was stalled at around $420-$450 for what seemed like forever. 

Thankfully that time around when bitcoin started to move again it was in the upward direction.  Hopefully this time when we get out of the range we've been in, it'll also be a move upward.  I don't trade bitcoin actively on exchanges, but this lack of the usual volatility has got to be murder on those who do.  Buy-and-hold (and hope for the best) seems to be the best strategy right now.

[thecodebear]

We're working on day 11 of prices hanging tight within a $130 range!

What month are we working on as far as being in the $6000 +/- $500 range?  Seems like bitcoin has been stuck somewhere between just short of $5k and not much over $6500 for quite a while now, with no real action that would suggest any sort of trend.  This very much reminds me of not long after I'd gotten into bitcoin--the price was stalled at around $420-$450 for what seemed like forever.  

Thankfully that time around when bitcoin started to move again it was in the upward direction.  Hopefully this time when we get out of the range we've been in, it'll also be a move upward.  I don't trade bitcoin actively on exchanges, but this lack of the usual volatility has got to be murder on those who do.  Buy-and-hold (and hope for the best) seems to be the best strategy right now.

Well this is to be expected. In early August the price dropped from the 8000s back to the floor at 6000, then the last surge of the bear market brought it to 7400 maybe a month later, then since early september we've been flat. But that's exactly what you expect when a bear market ends and bitcoin enters the transition phase before the bull market. So it's only been 2.5+ months or so since it dropped down from $8k and only 1.5+ months since the close of the bear market and just sideways trading. That isn't like an insanely long time. I wouldn't be surprised to see several more months around the 6000s range. Though the past 11 days of only a 2% range is verrrrryyy quiet. While I expect 5700 - 7400 range could last for a few more months I would be surprised if this total dead movement lasts into next week, its gotta budge at some point and start getting at least a few percent volatility.

[triciaa478]

For the past month, the stability that bitcoins has gained in the 6000 usd range seems to me is the real price of bitcoins since it hasn't been volatile as it used to be in the past months.

[davis196]

We're working on day 11 of prices hanging tight within a $130 range! That's crazy. Can't wait to see the price break. I think we could see an hour candle up to $6800 when it finally breaks.

Way too many btc HODLers+equal amount of bulls and bears on the market=Incredible price stability.
This is the simple equation I can figure out about the current situtation.The one thing that keeps the bitcoin price stable is the btc HODLers army,if they join the bears club,the price will go down for sure.

[Herbert2020]

this is getting more and more similar to 2015 and $220 price every day that passes

i am excited to see what will happen next. mostly i am expecting some sort of drama to break out first by FUDsters trying to do one final desperate push down before the price is let go so that it jumps up and breaks a couple of resistances all in one go.
it seems like history repeats itself after all.

[YuginKadoya]

this is getting more and more similar to 2015 and $220 price every day that passes

i am excited to see what will happen next. mostly i am expecting some sort of drama to break out first by FUDsters trying to do one final desperate push down before the price is let go so that it jumps up and breaks a couple of resistances all in one go.
it seems like history repeats itself after all.

We can simply rely on the past movements on what may happen to the price of bitcoin that is the only thing we can hold on to speculate in what gonna happen next for the value of bitcoin, Well at desperate times like these FUDsters will simply take on the will to really make an exception to push the price down, But I guess we may break a $7000 mark at the end of Month but again it can still slide down to a near $5900 USD if the drama breaks.

[arpon11]

We're working on day 11 of prices hanging tight within a $130 range! That's crazy. Can't wait to see the price break. I think we could see an hour candle up to $6800 when it finally breaks.

Carefully watch my candlestick indicators to see if a breakout signal formations will appear and then add more bitcoin to my current holding   I have been following cryptocurrencies market since 2016 and I have never see this type of stability we are having now.  Now is the right time to invest because any breakout on a bullish side is going to push bitcoin above $8000 and from there it might be heading towards $10,000 before end of the year.

[TomCrypto]

It's kind of  "the calm before the storm" situation!
Can't wait to see how this stability will end and what will be the trigger

[bintangkejoraku]

after the price of bitcoin surged to the price of $ 6800 bitcoin prices moved like running water, I was quite surprised because in the last few days there had been no significant price hikes.

[electronicash]

If we have a breakout, I hope it will be straight to 12k.

i prefer slow and steady.

the giant green dildos often scare the bears out of the market, which sets up a long-heavy commitment of traders. too fast and all the shorts get squeezed without creating any support on the way up. that often ends in full retraces or slow bleeds.

i'd love to see a real struggle at $7400 over that august pivot. i wanna see bears piling them shorts on. i wanna see confident bears.

one thing that's disappointing about this slow growth is that its dip is too quick that it can plummet down in just a minute like its being planned from the start. no fud no nothing but the price just goes down without any warning. i like the price to just keep swinging in this range. if it takes forever, it think we can survive at this fair stable price so we can wait tokens to also rise up without the help of btc.

[sunanbonang]

after the price of bitcoin surged to the price of $ 6800 bitcoin prices moved like running water, I was quite surprised because in the last few days there had been no significant price hikes.

I agree with what you say, but if we pay close attention to the price of bitcoin tends to decline lately. there has been a price reduction of around $ 300 since yesterday's price jump.

[LeGaulois]

At least, the volatility is not anymore a problem.  "Too much volatile" "Too much risks" Well here we go.
If the market is preparing something big, I do hope it's something positive that we could see Bitcoin value with 5 digit numbers again
let me believe in Santa Clauss again. I will still be happy with a $8k - $9k range

[mike4001_]

Don't jinx it.

It can also break out to 4k

[bitbunnny]

Yes, Bitcoin price is so stsble that is getting boring. I.mean that is not real stability because some tiny volatility and price change is visible but that is not what we are all expecting. Now there is a little room left for making some profit.
Despite some predictions I'm rather convinced that such range of price will stay until the next year without some biger changes. No surprises for this Christmas.

[dothebeats]

I'd love to see a huge spike up to $9000 that falls back to $7000 and then we build up slowly. But only because I have a bunch of trades stuck in the $8000s ;p

So do I, though that would entice a lot of traders to sell even before $9000 is achieved, just like what happened to the previews short bursts of prices. I currently have some sell orders stuck @ $7000 and don't want to remove them since I've missed a lot of opportunities 6 weeks back and I'm hoping for some slight turnaround of profits. After those $7000 sell orders were sold, I could rest easy even if it falls and wait for a straight increase from there.