Why is BTC so Slow?

BTC continues to be in control of the bears with a daily lower high now set and a move back towards our recent daily lows. The weekly bear flag still remains the most likely scenario. Volatility and volume are dropping off in the space as traders go elsewhere for opportunity. BTC has a 7% Range the Last 8 Days.

Just yesterday NFLX the stock had half of this range in 1 day, on 3.7B volume. Bitcoin and crypto attracts traders like me when there is big volatility to capture moves. Otherwise, there is no reason for me to be trading crypto and paying fees to do so, when the stock market is offering more volatility on more dollar volume, with 0 fees for trading.

That is the current reality of the situation and I think the crypto space needs to prepare for this to be the case for a while. For example, if we form a monthly higher low as expected, either here or at 6k or where ever, we will then be looking for a monthly lower high and tightening range which could take us into Q1-Q2 of 2020.

Alt coins still have some nice opportunity with more volatility, but what is lacking for me there is volume. Market ordering 6 figures for $0 fees on stocks is a big difference than the slippage you would see on most alt coins, and the 4 figure fees you would pay with that market order.

This is a great time for education while we wait for opportunity. Taking courses, reading books, studying and practicing different trading methods, learning about trading other markets, etc!