BTC is the crabbiest right now as it has been since January 2023, as we are trading in the same price-range since nearly one month. Something big is cooking…

We all know that there are two kind of markets, bull market and bear market, but this year and the past year happen to show to us that there is a third market too, the Crab Market. Which refers to a market that usually just moves sideways over long durations and that on literally the same price range with barely any breakouts, in other words it is a very boring market.

Chart showing how January 2023 and July 2023 have the same level of Bollinger Band index, meaning are just as crabbish

Here we can also see a visualisation of that crabbbish market, through the Bollinger Bands indicator (you don‘t need to know what it is, just imagine it as some kind of indicator for volatility). This indicator is also at lows right now that a very much compare able to late 2022 or January 2023. Right before our big, ongoing reversal

Usually such “boring“ phases are the build-up for something very big, each bull market had a such a crab market before it and even our current move up since January of this year. This should make us cautious as such a move can go either way and my small TA brain is saying that the charts look both bearish and bullish right now (alt charts looks mostly bullish).

So strap in carefully, as the next looping of our rollercoaster of emotions is about to incur!