Topic: What should we do in the sideways market of Bitcoin? - page 2. (Read 721 times)

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.

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

when sideways we can wait until the signal is clear, in the sense that the market will break up or down. so we will know the direction of the market whether to continue the trend or even a reversal occurs, it does seem to be behind the price but with this kind of patience we will get a greater opportunity in determining the transaction

And use that as a motivation while you're holding whether you see the market plummets, you won't be discouraged a lot because you know that someday that the bitcoin you're holding will grow in time.
You just don't have to be affected that much when you see the price goes down because it will make you emotional and that's what you have to control when you see the market goes sideways.

There are many situations, and you need to look at the trader’s own judgment. Sometimes, if you don’t judge the short-term trend well, you will lose the original bargaining chips in your hands when chasing the rise and the fall. It is better to lie still, but I still recommend traders I can summarize in the transaction, thinking that only after the real experience can we deeply understand some trading skills, so we in the blockchain circle not only need to make money, but also need to grow, grow in joy, grow in pain. Not having a few days of sleepless experience is not enough to talk about a deal.Yes, more and more institutions are participating, and some small countries are also participating, which is very good.

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 is not a theory that holding can provide huge profits. I've proven that to myself when I've held and passed on during the bearish year of 2018 and sold some for this year's ATH. And those people who have failed to do that lack of patience and experience which will make them confident that there's something big with what they hold.

The motivation is to hold as long as you can because there are limited bitcoins in circulation and more and more countries are adopting it.

In theory, it is true that long-term Bitcoin holding can provide large profits, the problem is that many people fail to do it. Because it is difficult to be
patient not to sell the Bitcoin that we have in the long term, especially holding from 2015 to 2021, I'm sure very few people can do that. Although
there is also because the person forgot to have Bitcoin and just remembered now. So it takes practice and strong metal to hold Bitcoin in the long term,
we must look for strong motivation for our Bitcoin holding discipline.

The long term will probably give you a bigger profit. But the problem is how strong your psychology is to hold the coins you invested from 2015 to 2021 and sell them now. Of course, not many will survive. It is very easy to calculate the profit if you hold it until now. Some lucky people even forgot their coins and opened them now.

Where you said most of the market’s revenue is completed in short period, I think you should check properly, that’s not how it works. You are even more likely to make bigger profits when you hold for a long time.

Imagine someone that bought their coins in 2015 and continued to hold it till now (2021) do you know how much they have made by now? So long term can possibly get you more than a short term. And of course if you utilize your short term trades rightfully, you can as well make good profit from it. It’s mostly about doing the right things when it is right to do it.

Buying coins for a cheap price and wait until the bull run is without a doubt one of the options that can be taken now that the market is moving sideways, however just as there are trading strategies that take advantage of the trends that happen in the markets there are also strategies that go against the trends and that can be easily used during the current market conditions to make money as well, I am not saying it is easy but the strategies exist.

- If your trading technique is really good, showing yourself is not a bad idea in this case, multiplier of profits will happen during the day but honestly, this market doesn't have many people who make me trust their technique, more objectively, sometimes the problem is not their technique, the problem will be the crypto environment and trading system, it often destroys the indicators. Even good technique can't give too much advantage with such strong volatility indicators, sideways is the case where we should spread the capitalization to increase the volume of coins held to create a very good price for average buying.

In addition to technical indicators, there is also a combination of market sentiment and local policies. For example, this afternoon the Chinese government issued a message that caused a drop in the price of Bitcoin.

correct, because in this situation if you make just one mistake through gaining quick profits you don't know what will happen to your money .. So push long term if you have good vision in it because in fact mostly are doing the same way to avoid losses and since market become so unpredictable .. And yes it's proven and tested on this kind of situation wherein even before. So be smart and don't take all the risk just to earn money, too good to be true because day trading right in the sideway on this current situation is like like you're attempting suicide.  

After this baptism of 519, I also really hated the evil behaviors of centralized trading. They used data to smash the market, and used numbers that they could control to operate the market for a short time, which caused many retail investors not to die on real transactions. , But died on the fake data of the exchange.Most retail investors don't know who took their money. DeFi is what they want. Only the real rise of decentralization can make this market more fair. Fake data manipulation The market is really heinous behavior.
Entering the currency circle in 2018, I am not a good trader and paid a lot of tuition, but I always conclude that buying on dips is a battlefield that requires IQ and mentality. You need to pay tuition to earn the wealth you deserve.

1. Regarding China's prohibition on the provision of electricity and energy for cryptocurrencies, the withdrawal of mines gathered in Sichuan and Inner Mongolia and Xinjiang is a good thing for this point, which means that Bitcoin mines will move towards a more open internationalization. Not most of them are gathered in China to dig. Bitcoin itself should be a global industry, so that it will not cause uneven distribution of mining farms and be subject to the final policy of a certain country. The current demand for China is financial stability, and in May Many of the previous Chinese stock market traders moved to the currency circle to open accounts. As a result of the outflow of funds from the stock market, the stock market group must be unable to sit still. Bitcoin is more fair than the stock market. They think that even if Chinese retail investors are harvested, they will be Reaping in the stock market, how many really make money in the stock market? Bitcoin has a much greater opportunity than the stock market. These rich people also have a sense of crisis. They are afraid that the blockchain will revolutionize their lives. Now the world's wealth distribution is seriously imbalanced. , The rich get richer, but it is difficult for the poor to get rid of poverty. Under this circumstance, how can the people at the bottom make progress? When the rich are passed on from generation to generation by virtue of their wealth, the poor have no hope at all. Then I would like to ask if such a world is what God wants to see. We need new industries to redistribute wealth. I also believe that everything happening now is to act towards a beautiful world. The Chinese mines, which will be problematic sooner or later, are better digested in advance.
2. Whether the bull market is over, and whether there are any bulls in the second half of the year, I personally think this way, and I do the same. I think the institutional bulls led by this round of grayscale funds have just begun, and I rarely hear them before 2019. Which institution enters the market is good, and more and more institutions have entered the market recently.Maybe the currency price has not risen yet, but history tells us that all major corrections are people who want to buy cheaper bargaining chips.

A good trader is completely indifferent to the current market sentiment, even the majority of bad traders are not affected. The trades take place classically on very short timeframes (hourly, ...), there, for example, a bearish sentiment has almost no effect, because even in a bear market the price continues to fluctuate strongly and not only points downwards.

For newbie traders, however, a bull market is easier to handle, since they classically hold the positions way too long (over weeks) and rather rarely trade high-frequency intra-day.

Good idea. Sideways is the best situation for Technical traders to take position and book profit because it is less risky. The risk of Liquidation is minimal when market is side ways and it is good opportunity to book small profit in a row but it is very important to take long or short position when Technical generates buy  or sell signals at the same time stop loss should be used with every trade.

If we are talking trading here, it could not be profitable for you as a trader if you are for the long term, you may lose or huge amount but it is for a long period of time.
I saw some traders who are very good during bear market, or good in a bull market, vice versa.
So I believe that if you want to be a good trader, you can survive on any types of market, even sideways or bear market.

That very important to choose long term instead of taking risk with day trading, because you can't be sure on your profit during market fluctuations. On downfalls, you should keep your coins safe and don't ever dump it quickly when there's a chance for bigger pumps. Sometimes, it's good to accumulate your asset when price goes down but don't risk everything and just buy using small percentage.