Crypto Market = Range
Why has the cryptocurrency market become so technically poor?
I am a 6-year trader in financial markets and I can compare the price action of the US market and Crypto. If you want to trade in the former, you can easily calculate a 1:3, 1:6, or more trade. However, in the cryptocurrency market, its price action is mediocre. If you achieve a 1:2 trade, close and look for another ticker, because it will have a greater pullback and lose its trend. The problem is not the trader, but when we talk about cryptocurrencies we realize that it is a market that does not create trends and prefers to stay in range all day. Greater regulation is required.