If you want to flip bitcoin and get as much fiat as possible in the shortest time, you could take advantage of the market and trade it. Like when the price is at 35000 you put a buy at 30 and wait, then wait for it to recover and sell. You can see that many people are doing it because charts are showing what's going on.
If you were to buy around 3000 and sell at 35 last month you'd be making 5000 usd almost every week.
Like in May.
19 buy
20 sell
23 buy
25 sell
Jun
8 buy
10 sell
22 buy
24 sell
Topic: What should we do in the sideways market of Bitcoin? - page 4. (Read 721 times)
Sideways market is the best trend to trade. It's called a ranging market. All one has to do during a sideways market is to identify the range the market is trading and then begin to do a support and resistance thing with it. Buy when it hits support and then sell once it hits resistance. Notably, Bitcoin has been in a range for the 7th week running now since May 19, 2021 between prices of $30,718 and $40,920. Until Bitcoin gets out of that range, can we consider whether an uptrend or downtrend has begun.
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.
Its a easy thing that you need to be patient when it is on sideways .If you do gambling with the trade you will surely loose your money .I always hold the sideways situation until it takes the right momentum to go through .I think we all need to wait until a trend come .We have seen the sideways over the month of june now i think some changes will come soon and we can enter on the market .So guys hold you nerve on this situation something better will come for sure . 
In my opinion the best strategy is to hodl and if possible accumulate more. Last year Bitcoin traded sideways for a preety long period and bull market started end of the year and went on for the first half of this year. Now correction is happening and it is right time to accumulate more and keep on holding the existing one.
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 definitely agree with you that the sideway movement of the market is on of the best time to accumulate Bitcoin specially when it just undergone a huge crash. This is also one of the sign that whales are slowly accumulating not to trigger a hype and a possible market price surge.
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.
Unless you are an experienced trader, I would advise you avoid trading in a sideways market. The market chop is ruthless when the market is undecided.
That is if you have a long-term vision. If you believe that Bitcoin has a great future because of its intrinsic properties and what it can bring to the future of humanity, in a sideways market you simply have to keep buying. The prices now, in a cycle or two are going to look like a bargain.
Exactly, but many people are emotional traders and can not stand to see price dip, we have many short term than long term investors reason why we are in this present state, long term goal is only in theory and not in practice for many, anyone who believe btc will break this current price will not be too worried instead they accumulate as much as they are able, opportunities like this eliminate the chance of making such "is it too late to buy post" when btc is on a bull market.
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.
Trade if you've got some spare to trade and play with that money while you've got a strong long position and you're only waiting for its time. That's all that you have to do if you got some spare and you want to trade and play with the market but in my position, I'm done with that and I'm not going to bet anymore with the market and play with my money. It's safer to hold and wait until the market goes on high again and sell by that time. I've just learned my lesson and that's what I have to do to avoid the same mistakes that I've committed.
Just think that every drop is an opportunity to buy more. I take some last week as the entire market is dropping and I'm not looking for BTC alone but also for potential altcoins.
Thus, if you have money, take this chance as well. But if you already have Bitcoin in your wallet, better to keep it, or you even buy more.
Anyway, it's up to you if you will follow us. All I can say is that to think twice before making a decision or else, regrets will follow.
Thus, if you have money, take this chance as well. But if you already have Bitcoin in your wallet, better to keep it, or you even buy more.
Anyway, it's up to you if you will follow us. All I can say is that to think twice before making a decision or else, regrets will follow.
Market is very unpredictable, you will just lose money if you sold your crypto at a low price because you think it will dump more in the next coming days.
Yes you are right because Bitcoin is dumping many are selling at low prices. They may think that bitcoin will be more dumping in front of it so they are now selling at a low price. They may not know that Bitcoin had been dumping in 2018 and it's okay again. Now maybe Bitcoin has been dumping and it's okay in the future if they sell it, they can get a good profit.
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.
True, now that the market is mostly trading sideways is a good time to keep accumulating once you have the funds to do so and I believe that this might also mean that the market must have already bottomed out since the last time we saw $29k+ and it is just steadily going sideways and we might also start to witness an uptrend in the coming months.
Accumulate is the best thing to do now if you can still afford to but I don't recommend going all-in as crypto market is very volatile. Seeing their previous highs will bring us quick profit once the market starts to rally again. We've been consolidating for many weeks now so this is a sign that whales are accumulating. I don't think we can go lower than $30k at this point as bulls are strongly defending that support. There is no point selling at this moment if you're at loss like you bought during bull season. Market is very unpredictable, you will just lose money if you sold your crypto at a low price because you think it will dump more in the next coming days.
Look it depends on peoples mind. What they want or how they want to Overcome there situation. I know you mention this sideways all because of to overcome from this loss situation. People can easily make a decent profit and live a tensedless life. All people are in tensed beause of huge loss. So though to share this. Which is a novel vertue. But my question is, is it will be truely working for us or not? Because sideways also a trading strategy right now. And the market is unpredictable now its aware me. Now can't understand anything. Thank you
Just buy it all. Sideway is a perfect opportunity if you want to accumulate a lot of bitcoin. There are some traders belueve that sideway is another buying opportunity well on perspective it is.
Long term holder doesnt seems yo care with it as long as they can gain a lot of bitcoin. Market now is turning up congrats to all those accumulate at a very cheap price around the sideways cause probably its getting readu to fly now.
Long term holder doesnt seems yo care with it as long as they can gain a lot of bitcoin. Market now is turning up congrats to all those accumulate at a very cheap price around the sideways cause probably its getting readu to fly now.
I used to have an old strategy that I used during the last big crypto winter and it was quite simple. My aim was to get as many as btc as possible out of my trades (RISKY!!!). I used to place an automated stratefy that was selling and buying in 5% range: buying on the way down and selling on the way up while keeping track of those prices. For a while it worked but with huge and quick changes you can lose a lot. Beware.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
when sideways we can do daily trading, so we get profit many times, but this must be careful because at any time the price can drop drastically or even reverse the trend. or else we can start investing but gradually while watching the market development, so we can buy it back at a cheaper price
You need to be careful if you decide to trade in sideways because the price can up and down or will not move significantly. It can make it hard to get the right time to enter the market. Maybe you should calm down for a while and try to get more signals from the market so you can analyze the time to enter. But you can just buy and hold without trading if you think that the market will not go down or up for a few days.According to the current market, we believe that the bull has not moved, but these days there is no strength to break downwards, and to break upwards and cannot go up. Then what you need to think about at this time is your determined trend, and you firmly believe that the big trend is still going up. At this time, you Still have to be brave to buy.
If you can't spot a major turning point in a sideways market it's adviceable to hodl on to your coin and hodl it firmly rather than gamble your coin in the whale. For market analyst it's a sweet time to spot a nice entry point at a major support or resistance level waiting to take profit at the hieght or depth of the market.
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.
If I had bought bitcoin at a high price I would basically accumulate more in the sideways market if the price is comparatively low.
This would bring my buying average down. As you said, shorting position would be a bad idea here.
If the sideways market is going unpredictable then it is best to hold and do nothing.
Read the chart and then wait for a breakout to occur and buy more at the breakouts to ride the trend.
Holding and stacking up some BTCs during the sideways market is the best long-term strategy for now. If you day trading in the sideways market, it’s gonna be much riskier than ever, especially if you position yourself in a wrong way. We just don’t know when will it go up or down as the market is very unpredictable right now.
But sideways market is the best to make daytrading right? this is when the market goes up and down and this is what traders love.specially those who's great in graphing >? they keep looking for the right coin to bet in specific period of short time.
Holding and stacking up some BTCs during the sideways market is the best long-term strategy for now. If you day trading in the sideways market, it’s gonna be much riskier than ever, especially if you position yourself in a wrong way. We just don’t know when will it go up or down as the market is very unpredictable right now.
Jump to: