Like it or now, since the shutdown of Poloneix trollbox two days back we have seen very tight price range activity in the crypto market. Most of the coins turn a bit red and some traded in very close range.
Thinking why?
The most significant reason , whether you believe it or not, is the shutting down of trollbox,
trust me many new traders and beginners use to take advice from the trollbox, coin hyping and get suggestion where to invest.
My own first trade was done by having suggestion on trollbox. Well this is an issue, Poloneix user base has increase almost 100% since past month and much money might have been moving into markets. The new traders might not have the knowledge or resources about the coins and might just be waiting for a coin to increase.
In trollbox you also had a quick access to coins having big red candles (dip) so you can buy or a big red candle so you can sell. With the removal of trollbox we might find tight trading activities since there we now be no hype about a coin.
More over Trollbox was a way to have quick access to your issues by moderators.
Hence after the removal the most affected users are the new traders who are sitting with their money waiting for a miracle.
Beside not having a quick access to support staff and lack of quick information about coins price fluctuations the market might remain tight for few days