Sideways huh! - page 2. | Bitcointalksearch.org

buwaytress

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Quote from: Kemarit on June 04, 2022, 01:53:48 AM

Then we need to see this month to complete first. But basing on the first week's trend, the sideway pattern will continue. $30,000 is the support and then the resistance is $35,000.

And although if we are going to break $35,000 I wouldn't call this a significant changes, we are indeed in a bearish cycle now and things are not going to be in our favored. So months after months, it's going to be a grind for bitcoin's price to even see some gains.

I don't know man. Barely 2 days is the longest we've spent above $30k and it's 4 days now. Support needs to mean spending 80% at least of the time above it. Even with buyers soaking up all the sell pressure last week they couldn't defend a midweek drop, and we're about to record a TENTH week ending lower.

That's not at all how I understand sideways.

ethereumhunter

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Quote from: kotajikikox on June 01, 2022, 01:05:11 AM

Quote from: STT on May 24, 2022, 05:43:37 PM

More sideways, along the weekly average back and forth is typical of the market wearing out both sides of the order book. Volume builds at this level and it becomes more significant.

So likely the range is 30k and 25k below us and breaking that range leads us to more interesting price action becoming possible. 34200 above is the lows of Jan Feb likely target upside.

Week after this post mate , market is showing some good bunce though 4-7% isn't enough to cover the loses it brings from the months of dumping and if this is going to continue then maybe we will see a 40kish this month alone and since this is the end of 2nd quarter ? then we will be seeing another pump and dump in the next quarter before the last quarter comes.

I don't think bitcoin will be able to get back $40k this month if the price doesn't start to move and break through every price in the $30k-$39k level because that's what bitcoin has to earn to get back to the $40k level. Many people hope that in this 2nd quarter, market conditions will improve again and there will be a lot of pumping that will happen, not only in bitcoin but also in altcoins. But again, this all depends on the movement of bitcoin in the market and if the movement of bitcoin has not found the right time to start increasing, the market situation will not change in a good direction.

Kemarit

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Quote from: Kelvinid on May 31, 2022, 05:12:22 PM

Quote from: Yaunfitda on May 31, 2022, 11:06:14 AM

Quote from: Dave1 on May 24, 2022, 09:54:27 PM

So $25k-$30 will likely be the range, of course we wanted to see we maintain the upper bound of $30k'ish but we will see.

At least in the last 7 days, bitcoin more than 8%, so that's a significant increased already and the upper bound that you mentioned has been over come. We are now back to $32k, so if anyone has bought it when the price is trading sideways, this could be a great time to check your portfolio and see some growth. So this June might be different, but we shouldn't celebrate yet. Let us wait if we can break into $35k. That will be a huge accomplishment and at least short term the price has rebounded and maybe we can forgot about the Luna effect.

We're still moving in the sideways, that is what I see. We got a few pumps but look, the price of Bitcoin just then is about to dump. The market as a whole is still living in uncertainty, with no definite direction to see. But, I think it was not a big problem, we can hold anyway of the situation is about to continue (that really be sure).

Well, it is just to hope that this June give shows some significant changes but still we can't be sure of that since we never hear any news that could affect and give impact on the market trend.

Then we need to see this month to complete first. But basing on the first week's trend, the sideway pattern will continue. $30,000 is the support and then the resistance is $35,000.

And although if we are going to break $35,000 I wouldn't call this a significant changes, we are indeed in a bearish cycle now and things are not going to be in our favored. So months after months, it's going to be a grind for bitcoin's price to even see some gains.

pooya87

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Quote from: kotajikikox on June 01, 2022, 01:05:11 AM

Week after this post mate , market is showing some good bunce though 4-7% isn't enough to cover the loses it brings from the months of dumping and if this is going to continue then maybe we will see a 40kish this month alone and since this is the end of 2nd quarter ?

It is not a "good bounce" as long as price doesn't go above the resistance which I'd say is about $35k and until then it is still sideways as OP said 2 weeks ago. In my experience the breakout is going to be swift, not like this small slow rise to $31k but a big green candle destroying $35k+.

Quote

then we will be seeing another pump and dump in the next quarter before the last quarter comes.

We haven't had any pump and dumps in bitcoin for at least 9 years.

kotajikikox

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Quote from: STT on May 24, 2022, 05:43:37 PM

More sideways, along the weekly average back and forth is typical of the market wearing out both sides of the order book. Volume builds at this level and it becomes more significant.

So likely the range is 30k and 25k below us and breaking that range leads us to more interesting price action becoming possible. 34200 above is the lows of Jan Feb likely target upside.

Week after this post mate , market is showing some good bunce though 4-7% isn't enough to cover the loses it brings from the months of dumping and if this is going to continue then maybe we will see a 40kish this month alone and since this is the end of 2nd quarter ? then we will be seeing another pump and dump in the next quarter before the last quarter comes.

rodskee

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Quote from: istiak2277 on May 31, 2022, 11:36:14 AM

Quote from: roadrunnerjaiv2025 on May 18, 2022, 08:20:54 AM

Despite the low confidence in the price action lately, we are seeing a sideways market.

A sideways market is when the price moves horizontally, rising and falling but not breaking out or down. It indicates indecisiveness or consolidation, which could create a turning point. The question is in which direction will the price action go? Well, we can only hope it breaks out and starts a new trend, but it can still go down.

The only good thing about a sideways market is that the price action between support and resistance is more predictable, so it's a good time to scalp. However, during a period of indecisiveness, you should trust fundamental indicators more than technical indicators, as anxious investors often turn their attention toward macroeconomic factors. This way, you can better anticipate breakouts.

I'm not a financial adviser so take my words with a pinch of salt. But, these are general facts most traders already know of. Yes, there's money for you even in a choppy but only if you play your cards right. Trade, not gamble.

If I am not wrong, the last bull run market crashed down from a sideways market like this. The pattern was the same as this time. The market moves sideways for more than 5 months and suddenly in September or October, it starts crashing. Though after that sharp fall out market recover quickly and started a new wave of slow upward movement. So I think we have more time before we are going up once again.

I don't know which time are you referring but we are in 6th months of going sideways and there is no signs of recovering .

if you are talking about 2021? then yeah this is far different from 2022 because that is the effect of Miners halving while no ? there are 4 years to go before that time happens again.

Shasha80

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Quote from: Kelvinid on May 31, 2022, 05:12:22 PM

Quote from: Yaunfitda on May 31, 2022, 11:06:14 AM

Quote from: Dave1 on May 24, 2022, 09:54:27 PM

So $25k-$30 will likely be the range, of course we wanted to see we maintain the upper bound of $30k'ish but we will see.

At least in the last 7 days, bitcoin more than 8%, so that's a significant increased already and the upper bound that you mentioned has been over come. We are now back to $32k, so if anyone has bought it when the price is trading sideways, this could be a great time to check your portfolio and see some growth. So this June might be different, but we shouldn't celebrate yet. Let us wait if we can break into $35k. That will be a huge accomplishment and at least short term the price has rebounded and maybe we can forgot about the Luna effect.

We're still moving in the sideways, that is what I see. We got a few pumps but look, the price of Bitcoin just then is about to dump. The market as a whole is still living in uncertainty, with no definite direction to see. But, I think it was not a big problem, we can hold anyway of the situation is about to continue (that really be sure).

Well, it is just to hope that this June give shows some significant changes but still we can't be sure of that since we never hear any news that could affect and give impact on the market trend.

As long as the Bitcoin price has not been able to rise above the $35k price, I still think the Bitcoin price is still moving sideaways. So indeed
we should not be too happy with the increase in Bitcoin 8% in a week, because there is still a possibility in the near future the price of Bitcoin
will go down again. The most important thing for now is to just focus on collecting Bitcoin, especially for investors who plan to invest in Bitcoin
for the long term, keep buying Bitcoin regularly must still be done. Although we all hope that June Bitcoin will have a much better performance,
I hope that all of our hopes come true, because I can't wait for the Bitcoin price to recover.

Kelvinid

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Quote from: Yaunfitda on May 31, 2022, 11:06:14 AM

Quote from: Dave1 on May 24, 2022, 09:54:27 PM

So $25k-$30 will likely be the range, of course we wanted to see we maintain the upper bound of $30k'ish but we will see.

At least in the last 7 days, bitcoin more than 8%, so that's a significant increased already and the upper bound that you mentioned has been over come. We are now back to $32k, so if anyone has bought it when the price is trading sideways, this could be a great time to check your portfolio and see some growth. So this June might be different, but we shouldn't celebrate yet. Let us wait if we can break into $35k. That will be a huge accomplishment and at least short term the price has rebounded and maybe we can forgot about the Luna effect.

We're still moving in the sideways, that is what I see. We got a few pumps but look, the price of Bitcoin just then is about to dump. The market as a whole is still living in uncertainty, with no definite direction to see. But, I think it was not a big problem, we can hold anyway of the situation is about to continue (that really be sure).

Well, it is just to hope that this June give shows some significant changes but still we can't be sure of that since we never hear any news that could affect and give impact on the market trend.

istiak2277

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Quote from: roadrunnerjaiv2025 on May 18, 2022, 08:20:54 AM

Despite the low confidence in the price action lately, we are seeing a sideways market.

A sideways market is when the price moves horizontally, rising and falling but not breaking out or down. It indicates indecisiveness or consolidation, which could create a turning point. The question is in which direction will the price action go? Well, we can only hope it breaks out and starts a new trend, but it can still go down.

The only good thing about a sideways market is that the price action between support and resistance is more predictable, so it's a good time to scalp. However, during a period of indecisiveness, you should trust fundamental indicators more than technical indicators, as anxious investors often turn their attention toward macroeconomic factors. This way, you can better anticipate breakouts.

I'm not a financial adviser so take my words with a pinch of salt. But, these are general facts most traders already know of. Yes, there's money for you even in a choppy but only if you play your cards right. Trade, not gamble.

If I am not wrong, the last bull run market crashed down from a sideways market like this. The pattern was the same as this time. The market moves sideways for more than 5 months and suddenly in September or October, it starts crashing. Though after that sharp fall out market recover quickly and started a new wave of slow upward movement. So I think we have more time before we are going up once again.

Yaunfitda

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Quote from: Dave1 on May 24, 2022, 09:54:27 PM

So $25k-$30 will likely be the range, of course we wanted to see we maintain the upper bound of $30k'ish but we will see.

At least in the last 7 days, bitcoin more than 8%, so that's a significant increased already and the upper bound that you mentioned has been over come. We are now back to $32k, so if anyone has bought it when the price is trading sideways, this could be a great time to check your portfolio and see some growth. So this June might be different, but we shouldn't celebrate yet. Let us wait if we can break into $35k. That will be a huge accomplishment and at least short term the price has rebounded and maybe we can forgot about the Luna effect.

crwth

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Quote from: tygeade on May 30, 2022, 04:02:59 PM

Red? What are you looking at mate? Bitcoin reached above 30k+ already, it is quite a green market right now.

I'm currently looking at a longer time frame, not just the short term now. It's definitely in the red if you look at it now. You even said that it is red for a while. Lol. That's why I said that the major supports and resistances are not yet broken.

Quote from: tygeade on May 30, 2022, 04:02:59 PM

I know for a fact that there are some situations where we get to actually go down and there are situations we go up but in the long run we are stuck between the same prices and that doesn't really change anything that much.

Basically a definition of the market. The price goes up or down.

Quote from: tygeade on May 30, 2022, 04:02:59 PM

I know that it is not that common for bitcoin to be rare, but it is actually not that rare neither, it does happen to just stay stuck between two prices time to time.

What are you talking about?? Bitcoin to be rare but not actually rare? Do you hear yourself? Are you contradicting yourself? And how is it going to stay stuck in two prices? It doesn't ever stop because the market is always changing.

pooya87

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Quote from: Reatim on May 26, 2022, 02:24:14 AM

~
if we are going to HOLD then lets continue holding.

Why HODL when you can buy the dip?
Whenever there is a significant drop (this one is about 60%) and price reaches a strong support that looks like a bottom and also we see a sideways market where things look like accumulation phase, then it is an excellent time to start buying the dip before things are reversed and price starts shooting up again.
Even if drop continued, how much more can this 60% grow? It is already a massive drop that has a very hard time going any lower.

tygeade

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Quote from: crwth on May 30, 2022, 08:14:59 AM

Are you talking about the whole market? Because all I'm seeing right now are red, and it's a bear market with some of the assets worldwide.

Maybe when you define a price range, then if it stays within that range, it's still a sideways market. If there are no significant resistances and supports that are not being broken down, you can probably say that it is still in a sideways market.

I also believe that scalping is excellent in this kind of market, making sure that you follow all your protocols in trading, especially when it comes to different indicators. Having firm decisions and believing that you are doing something would benefit you in the long run.

Red? What are you looking at mate? Bitcoin reached above 30k+ already, it is quite a green market right now. Hence we actually do show why it is sideways with this topic as well, because it was all red for a while, dropped to like 28k, and now over 30k and it will probably repeat that again and again.

I know for a fact that there are some situations where we get to actually go down and there are situations we go up but in the long run we are stuck between the same prices and that doesn't really change anything that much. I know that it is not that common for bitcoin to be rare, but it is actually not that rare neither, it does happen to just stay stuck between two prices time to time.

crwth

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Are you talking about the whole market? Because all I'm seeing right now are red, and it's a bear market with some of the assets worldwide.

Maybe when you define a price range, then if it stays within that range, it's still a sideways market. If there are no significant resistances and supports that are not being broken down, you can probably say that it is still in a sideways market.

I also believe that scalping is excellent in this kind of market, making sure that you follow all your protocols in trading, especially when it comes to different indicators. Having firm decisions and believing that you are doing something would benefit you in the long run.

skarais

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Quote from: Reatim on May 26, 2022, 02:24:14 AM

I think preventing from checking the market nowadays is the best solution for us to less the frustrations because if the market will continue moving like this then there will be more on the negative market that we will witnessing .
if we are going to HOLD then lets continue holding.

That advice is much easier to say but sometimes hard to stay consistent. Checking the market for price conditions should not only be done because you own the asset, but also a must if you like writing something about price speculation and prediction. Someone who is experienced enough probably won't worry too much when the price of bitcoin drops, they know the price will go back up and they will continue to hold on until their desired target is reached.

Whether you are active or not to check market conditions should not change your investment goals. This means that you still should not sell when the market is experiencing a correction and you should stay on until you see the profit you want to achieve.

bitterguy28

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Quote from: batang_bitcoin on May 22, 2022, 04:16:01 PM

If the same trend we've got as last year, we will see a pump after this correction which we all usually know comes after these drops.
It's true that these side ways will cause one to doubt whether it's a good time to buy or sell but make sure that before you take any action, you know what you're doing and the decision you'll make. I like it more when bitcoin is like this, the slow-mo it got for its price.

Yes and though it is His money and we really care nothing , yet we are concern if what will be His decision and of course some of Us here are looking for someone that we may copy the strategy? or at least will give us idea to what decision we may act in this kind of market.
but same trend as last year? i doubt we will even have the same , because look at the 1st quarter now ? and also this 2nd quarter? we all have knew that there will never be a 2021 in 2022.

Quote from: Fundamentals Of on May 23, 2022, 08:59:03 PM

As for me I would rather avoid trading, even scalping, during this time of high uncertainty. There is indeed a sideward movement of the price but whether it will fall down further or break out towards a higher price, it is really unpredictable. The price is like hanging by a thread. Anything big could happen any minute. If I were to decide, I would rather put a bid order in place for a possible fall to $28,000 or $27,000 levels. But I still hope the break out will happen soon.

and the answer is? Keep Holding for a while or at least till the End of this year.

Reatim

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Quote from: STT on May 24, 2022, 05:43:37 PM

More sideways, along the weekly average back and forth is typical of the market wearing out both sides of the order book. Volume builds at this level and it becomes more significant.

So likely the range is 30k and 25k below us and breaking that range leads us to more interesting price action becoming possible. 34200 above is the lows of Jan Feb likely target upside.

I think preventing from checking the market nowadays is the best solution for us to less the frustrations because if the market will continue moving like this then there will be more on the negative market that we will witnessing .
if we are going to HOLD then lets continue holding.

doomloop

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Quote from: Zanab247 on May 24, 2022, 08:03:51 AM

Quote

As for me I would rather avoid trading, even scalping, during this time of high uncertainty. There is indeed a sideward movement of the price but whether it will fall down further or break out towards a higher price, it is really unpredictable. The price is like hanging by a thread. Anything big could happen any minute. If I were to decide, I would rather put a bid order in place for a possible fall to $28,000 or $27,000 levels. But I still hope the break out will happen soon.

Based on what we are experiencing from the crypto market right now showed that the price is too low to trade your coins than to keep holding till the price return back to $50k before you can sell to make a good profit. I think the price will soon move from $28k to $100k before the end of 2022 because the team are seriously working to make sure that long team investors are happy with the income they are making from the market. The price will definitely increase higher in the month of June to allow people to make a passive income.

Traders are not picky and will still take low profits. If there are picky, that would be the holders because the reason why they hold is they are waiting for a higher price to occur. Price right now was still on 29k but 28k is not far from it so yes it is highly possible.

What I am only not sure is if we are going to hit 100k very soon. I temporarily erased it on my vocabulary and replaced it with lower numbers like 50k and 60k. Bitcoin doesn't depend on its team. They aren't the one that creates the price but prices vary on the mood of the whales, institutions and retail investors. If they want this price to go up then they need to buy and hodl harder.

Dave1

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^^ Thanks, at least I have someone who see this kind of pattern.

Well I thought that we goes above $30k in the last 24 hours were good signs. But I was completely wrong as the sideways pattern will continue at least at the end of the week or this month.

So $25k-$30 will likely be the range, of course we wanted to see we maintain the upper bound of $30k'ish but we will see.

STT

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More sideways, along the weekly average back and forth is typical of the market wearing out both sides of the order book. Volume builds at this level and it becomes more significant.

So likely the range is 30k and 25k below us and breaking that range leads us to more interesting price action becoming possible. 34200 above is the lows of Jan Feb likely target upside.

Topic: Sideways huh! - page 2. (Read 645 times)