Topic: What should we do in the sideways market of Bitcoin? (Read 654 times)
For you to stay long in this crypto space and to also remain profitable knowledge is needed. It's actually not good to Chase the market because the reverse might be the case, study and learn how to analyze a trade so as to know the best time to enter. The rule has always been to buy low and sell high, a person who is new to the market can just stick to these guide and will keep making profit without even much knowledge, wait for a fall then buy and hodl then sell at a high price.
Always know that sideways market is very different from choppy market. Once you can spot a major support and resistance zone then it's a profitable trade. Once you find difficulty tracing a major support and resistance zone it's adviceable to stay clear from such trade else you pay all you have gotten back to the market in a single trade.
Does not matter much,,, they are not the same thing but choppiness can happen during a sideways market and in any other type of market, so it is not really about being different, just a style of trading that fits it or not.
And why pay everything in one trade? Should you not always use stops and limits in this single trade you talk about? Like any other trade?
Always know that sideways market is very different from choppy market. Once you can spot a major support and resistance zone then it's a profitable trade. Once you find difficulty tracing a major support and resistance zone it's adviceable to stay clear from such trade else you pay all you have gotten back to the market in a single trade.
Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.
Bitcoin is not a short term assets where you can earn easily. Instead, Bitcoin is definitely design for the long term investment
for the investors like me. And based on my experienced I tried to applied day trade in bitcoin, it needs a monitoring from time
to time or scalping. But once you missed to monitor the graph it will be a big loss at once.
hero member
Activity: 2590
Merit: 650
Want top-notch marketing for your project, Hire me
What you can do is all depending on your personal situation. To some, HODLing is the best strategy while for others this may not be an option. Trading for sure gets riskier when the market goes sideways but I find that's when you tend to learn a lot about what moves the market and which factors matter more than others.
To my understanding, it all depends on personal understanding and knowledge about the market and also portfolio management to avoid making losses. However, when the market goes sideways the best decision I believe anyone can make is to switch to long term investment and accumulate whenever the market downtrend. 
And now, the market is getting down, like previously, always down because of the weekend.
Well, about sideways, I personally also feel disturbed with this market situation. Commonly, altcoins will go up when the BTC price is sideways, but now, it is still the same, it is still a downtrend.
Not really. I have rarely seen the altcoin price sky rocket when the price of bitcoin drops. It was always the opposite, as soon as the price of bitcoin starts to drop, the price of altcoin tanks even harder. Probably because people sell their altcoins to buy bitcoin at cheaper value. Well, about sideways, I personally also feel disturbed with this market situation. Commonly, altcoins will go up when the BTC price is sideways, but now, it is still the same, it is still a downtrend.
i prefer to trade altcoins at this time.
Wouldn't it be more riskier to trade altcoins during this time because it becomes more volatile and susceptible of further drops? It would be better to invest in bitcoin and hold it during crash. You will be making maximum profit with less risk. 
...The market currently giving investors opportunities, you just have to pick the right coin and make sure that you are willing to
take some time, waiting for the project to rise back.
take some time, waiting for the project to rise back.
Currently, it is very difficult to talk about investment prospects while the market is in a sideways movement. And if BTC goes down, and such a development cannot be excluded, then your investments will lose tens of percent in price. In my opinion, you need to wait for a clear movement in the market, rather than trying to predict it yourself.
And now, the market is getting down, like previously, always down because of the weekend.
Well, about sideways, I personally also feel disturbed with this market situation. Commonly, altcoins will go up when the BTC price is sideways, but now, it is still the same, it is still a downtrend.
And I commonly stop trading Bitcoin when sideways because I often lose or drop my asset. i prefer to trade altcoins at this time.
Well, about sideways, I personally also feel disturbed with this market situation. Commonly, altcoins will go up when the BTC price is sideways, but now, it is still the same, it is still a downtrend.
And I commonly stop trading Bitcoin when sideways because I often lose or drop my asset. i prefer to trade altcoins at this time.
Whales is no longer playing with alts unlike before where we've seen some diversions when bitcoin is falling we will able to see
some alts to get some attention from those whales.
The market currently giving investors opportunities, you just have to pick the right coin and make sure that you are willing to
take some time, waiting for the project to rise back.
And now, the market is getting down, like previously, always down because of the weekend.
Well, about sideways, I personally also feel disturbed with this market situation. Commonly, altcoins will go up when the BTC price is sideways, but now, it is still the same, it is still a downtrend.
And I commonly stop trading Bitcoin when sideways because I often lose or drop my asset. i prefer to trade altcoins at this time.
Well, about sideways, I personally also feel disturbed with this market situation. Commonly, altcoins will go up when the BTC price is sideways, but now, it is still the same, it is still a downtrend.
And I commonly stop trading Bitcoin when sideways because I often lose or drop my asset. i prefer to trade altcoins at this time.
Whales is no longer playing with alts unlike before where we've seen some diversions when bitcoin is falling we will able to see
some alts to get some attention from those whales.
The market currently giving investors opportunities, you just have to pick the right coin and make sure that you are willing to
take some time, waiting for the project to rise back.
What you can do is all depending on your personal situation. To some, HODLing is the best strategy while for others this may not be an option. Trading for sure gets riskier when the market goes sideways but I find that's when you tend to learn a lot about what moves the market and which factors matter more than others.
And now, the market is getting down, like previously, always down because of the weekend.
Well, about sideways, I personally also feel disturbed with this market situation. Commonly, altcoins will go up when the BTC price is sideways, but now, it is still the same, it is still a downtrend.
And I commonly stop trading Bitcoin when sideways because I often lose or drop my asset. i prefer to trade altcoins at this time.
Well, about sideways, I personally also feel disturbed with this market situation. Commonly, altcoins will go up when the BTC price is sideways, but now, it is still the same, it is still a downtrend.
And I commonly stop trading Bitcoin when sideways because I often lose or drop my asset. i prefer to trade altcoins at this time.
It really really does depend on what you are doing though. If you are holding or trading super long term then for sure, sideways is buying time, but not too much too or you got nothing left when the real dip happens. On the other hand, if you are a short termer then you keep wanting to make money from volatility even during sideways market periods.
Stick to the plan, if Plan A never works then we have to proceed with Plan B or else, we have to set for another Plan as the situation is also changing. Either be a short-term or Long-term trade, it also depends on the market trend. We need to be flexible as we never know the trend of the market but more possible it is certainly moving up and down, and as a trader, we have to analyze it otherwise our trade will end up in losses and failure.You kind of contradicted yourself though with stick to the plan,,, which negates the need for Plan B;)
The only true Plan A that will always work is dollar cost averaging, in which case, you are not even a trader anymore but a long time investor/hodler.
But if you are serious about trading, you cannot afford not to have Plan B or C even!
I have a different view of the market, when the BTC market is sideways I think it is the best time for the investment of the highs, the reason is simple, many of the BTC investors shelter their money in the highs waiting for them to grow to that can provide short-term benefits, if there is a BTC bull run the alts will rise, and the advantage is that the alts when they rise they do so very quickly and in a great way. However, this is my position on the market with the little that I have learned since 2017, and from reading some books, although it is a different position I think it has very good logic, since the technical fundamentals are other additional things to help with short-term analysis.
Stocking up is probably the best thing to do during this time that the market is in sideways because you have a discounted price for all the bircoin out there in the market. Plus it's a great filter for people who don't deserve to get a big profit because these times can make someone easily panic over the fact that the prices are going wild.
It really really does depend on what you are doing though. If you are holding or trading super long term then for sure, sideways is buying time, but not too much too or you got nothing left when the real dip happens. On the other hand, if you are a short termer then you keep wanting to make money from volatility even during sideways market periods.
Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.
I think you were trying to say that bull run in the market happens for a short time?During bearish trends like this, I don’t expect to do anything at all. It’s best to just keep your coins and do nothing, if you happen to miss it. Although the decrease after this last bull run wasn’t that much, unlike the last time in 2017 that it crashed heavily.
But holding on is always the best answer to this. Unless you think you can be able to day trade and make some profit and cover up everything you have lost, but that comes with an extra risk. If you don’t know how to trade then you’re going to be losing your money.
Stocking up is probably the best thing to do during this time that the market is in sideways because you have a discounted price for all the bircoin out there in the market. Plus it's a great filter for people who don't deserve to get a big profit because these times can make someone easily panic over the fact that the prices are going wild.
It really really does depend on what you are doing though. If you are holding or trading super long term then for sure, sideways is buying time, but not too much too or you got nothing left when the real dip happens. On the other hand, if you are a short termer then you keep wanting to make money from volatility even during sideways market periods.
Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.
I agree, just holding for now seems like the best idea. If we have some spare money we could use it to trade in alt coins market. But if we don't have any other funds, we could consider just selling some of the bitcoins and start trading alt coins instead. The thing with sideway markets is that we don't know when they are going to end. There could be a sudden news of a billionaire who starts buying bitcoins in large amounts, then overnight the price would sky rocket again. Leaving at least some money in the bitcoin market secures us a profit for the next rally.
In a sideways market ensure to trade the obvious. Always time you entry at a major support or resistance zone with profitable set-ups. Buying at major support or selling at resistance with a reasonable stop loss just before the highs of the highest wick to avoid a retracement before your stop loss. Trading sideways market is one of the most profitable and easiest which could pay randomly in shorter space of time
- Sounds like a sideways market is a place to cash out but the profit period is so shortened, it can also be a point of departure for risks because a sideways market has no distinction between upward and downward direction, it is clearly an intermediate market between bulls and bears, once we are on the enemy's side and are defeated, instead of enjoying the profits, we continue to enjoy the brutal and bloody feast. Going sideways is the commerce market, where we will pause the wars and accumulate weapons 
If we only have a small Bitcoin amount, I will not make Bitcoin as daytrade or even in the future trading.
this is very risky and also the profits may not be good enough. Moreover, if we are not really familiar with this market situation.
I prefer to trade altcoins in this kind of condition.
Maybe this is different, but in fact, this is what happens, better to wait until the BTC price gets the clear situation.
this is very risky and also the profits may not be good enough. Moreover, if we are not really familiar with this market situation.
I prefer to trade altcoins in this kind of condition.
Maybe this is different, but in fact, this is what happens, better to wait until the BTC price gets the clear situation.
There is no other way but to change the strategy, such as becoming a daytrader to cover losses gradually, or diversifying the portfolio into several altcoins that might have a big event in the near future.
Most traders are lazy to do this because it is out of habit, or some have to run the risk on the first try.
A trader shouldn't be behaving like that otherwise, he will be regretting it later.Most traders are lazy to do this because it is out of habit, or some have to run the risk on the first try.
Every action corresponds to results and if we don't encourage to improve our market understanding and strategies, we are simply bringing ourselves to losses. We need to be flexible and we have to adopt the behavior of the market, not the market will adjust to us.
If we wanted to have passive results, then we have to make ourselves busy analyzing the market as we are more exposed to it, the more learnings and market advancement we get.
Jump to: