Range-bound Market is a term used to describe the prices of coin, moving in a particular range without breaking forth to limelight. This is what we just experienced in this week's market analysis. It keeps happening for sometime now where we see the market move up a bit but a particular range and direction and boom, it retraces back without breaking off a limit for profit zone to set in.
This week that just ended has been hectic in the crypto space. There has been movement in the market analysis, predictions and hopes in the mind of investors but definitely it has been a period of back and forth in the prices of different coins. So many deductions can be made from this but then regardless of what one's conclusions can be about this week that just ended today in the crypto space, there is nothing to take out from the fact that "It is what it is". Normally as an investor the crypto market, the sole aim and aspirations in every passing week should be a record of gains made but boom, most times it doesn't go as plan as we are often left with losses which sometimes can be justifiable and some other times, cannot be justified.
Nothing Lost Yet
Unless for newbies, seeing the forth and back experienced in the crypto space will definitely deal with their zeal and thought they already had about crypto because at some point, it isn't only that crypto is profitable, crypto is more or like a two edged sword, it has the capacity to lift ones financial worth from nothing to something and also it can do the otherwise and unexpected depending on how your entry, balances and choice of coins bought and stacked.
Most times, the more reason why people get it wrong with the notion of how crypto operates is because they were taught wrongly. Telling a newbie that just started his or her crypto journey that immediately a coin is bought it would yield positive result instanteously is a wrong pattern or approach of teaching. This is true because once what those set of students finally invest in a coin and the opposite happens, they are left with tears, doubt and worry because what they expected wasn't gotten. So it's important to balance teachings about crypto, making it a 50/50 chance is much more better such that when the opposite later happens or gains are made, they won't be shaken.
The back and forth in the crypto space right now isn't a thing to worry about for masters in the space because they understands what is happening and how to deal with it. Experience is one of the gearing advantage to masters in crypto space right now because even when it seems that their aren't any sign of positivity, what they have learnt and known for years is always a strong background on what to see and expect in seasons to come.
Altcoins When?
This right now is rhetorical question because no one has the answer yet. Because of the way the crypto market is going and only Bitcoin been seen making some positive movements, the prediction of what would become of altcoins is difficult to give an accurate predictions or thought. When we thought it's finally time to see altcoins pick up the race and follow suit as to what Bitcoin was doing, information we were disappointed.
Definitely, Altcoins moment is gonna come, for me the best thing is to keep guilding, bagging and remaining in a better position that when finally light is shun on altcoins, you would have a cause to be in the crypto space.