Topic: What should we do in the sideways market of Bitcoin? (Read 721 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.

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.

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.

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.

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.
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.

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.

indeed for now if we still want to invest, bitcoin is the place. I personally am not sure about altcoin projects, except for the top ones, but for new projects it may still be difficult to predict. although the current bitcoin price is still sideways, but as long as we are patient waiting for the next bullrun, then we will still get a profit, and if the price is still going down, then we can buy it back

It is for us to think if we hold now, we can make a good profit someday. But as this sideways continues, better we have to choose for a long-term investment like Bitcoin. As we observe the market, the hypes aren't showing right now, the altcoins never move back high if Bitcoin did not. It is really a need for us to be patient and keep motivated. But if have some money left, I certainly buying more potentials altcoins, not Bitcoin.

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.

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.

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.

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.

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.

Yes, holding is the safest move also when things are really uncertain just like this. Although, I would also want to buy more coins when they are cheap at this moment, but of course after a thorough research on its potentials. These times are really tricky and one wrong move can make drastic consequences so patience must also be practiced.

- 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.

A trader shouldn't be behaving like that otherwise, he will be regretting it later.
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.

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.

True. It really brings big impacts on market trends. After the banning issue was spreading, most crypto coin prices experienced huge drops immediately. I was quite surprised to see my balance values, it dropped about 50%. However, there is also a good thing behind the banning issue, many miners leave China. I am sure that China isn't the biggest country in crypto mining field anymore now. So, in the future, if there was bad news about crypto in China, we can expect no significant impacts on crypto prices in the market again.

Bitcoin sideways can also happen. The movement of bitcoin will slow down and be more stable when the dominance of bitcoin begins to decline. this is an opportunity for altcoins and other Defi tokens to make a price recovery. FOMO will probably happen, but hard FUD will happen too.

The sideway market becomes an opportunity for us to profit from several altcoins.

Being optimistic isnt bad you shouldnt expect that it would really pump in the end of the year because you wouldnt know on what would happen ahead and what if the opposite thing will happen instead?
For sure that would leave out a regrettable feeling and this is just like into those previous years where people had been always expecting into those last quarter pumps which i cant really blame
off people on having that kind of presumptions or expectations since mostly this is really the time on where bitcoin do make out significant move but to think off that those are just chances.
Demand cant really be determined before it happens and it turns out that it is really happening mostly on last months of the year.

And surely it will again go bull during the end of this year as well. It's quite hilarious that we all know it drops and rises all the time yet we are so fragile that we start doubting everything once the price goes down. Around Christmas, I am expecting the bull run to reach its peak levels but it might be earlier than that.

Due to limited supply of bitcoins, you could never expect sideways market of bitcoin; when bitcoin will hit mainstream of adoption, you can see heavy FOMO to happen.

Precisely! Musk already shown his identities and people learned about following him, while with that china's continues banning crypto mining farm that's really brings weight with this market.

We do see some good news about adoptions but it doesn't affect that much so during this sideways better to choose what strategy will bring you good fortune.

Both Short and long have tha opportunities it's a matter of proper executions that will give you the profits out from your investment.

The real sad thing part is that they are losing money by not holding as well and they are hurting others for now while hurting themselves in the long run. If we keep our bitcoins to ourselves and not sell any, that means we are going to profit eventually when it goes up, maybe it will happen later than we like but it will eventually happen one day, anyone ever doubts that bitcoin will be over 40k+ one day? We all know it will be, so all we have to do is hold it.

What the sellers however are doing is that they are losing money, the price goes down and it causes them to lose money and in short term hurt the market at the same time. I understand anyone who needs the money and sell because of that, but selling because you see it go down is not a good reason to get out of the market for sure, you need a lot more than that in order to survive in the long run.

When the market moves sideways, we need to careful as the price can fly to the lower price without notice. We can analyze more to find if we can use that moment to buy low and sell high because so far, the price will move like that. But we do not have to surprise if we see the price is down for more because that is the correction coming to the market.

If you doubt that the market will go better than before, you can take a rest for a while and leave the market because that will be a good solution for you. If you see that the market can move better from your analysis, you can prepare to buy or sell so you will not late to get the benefits.

The worst news among all the bad ones was China banning the mining of cryptocurrencies because China without a doubt was the biggest source of bitcoin mining and with them being hampered, it causes some real problems now. Elon Musk we all know is volatile just like BTC so I don't take him too seriously because he may tweet something against BTC and the next minute he may tweet something in favor of it.

Only if you are a trader I guess,,, or a guy with a lot of money. For most people doing regular DCA like me, we just keep buying as long as the time comes and we have spare cash. Does not matter the price.

Of course,,, the longer price stays low like this the happier I am as I get closer to my BTC value amount faster. So all good:)

Sideways trend which is also referred to Ranging in forex trading is difficult for trading every traders always prefers a  volatile trending market which ensures profits taken however traders who are experience in TA and fundamental analysis should be able to predict the next price movement whether bullish or bearish, I believed news are mostly responsible for trending of the price bad news resulted to dumping of the price while positive  news rally up the price though hodlers needs not to bother whether the price is sideways or trending.

I hate people selling at low prices because they are eventually contributing to the bear market by selling. Then I also feed bad for some because not everyone has a humongous capital and they cannot risk the market crashing even further. Not everyone has a backup plan or secondary job so they have to cut their losses as much as they can.

If you ask anyone who sold their coins for cheap, to honestly answer this: "Do you really feel BTC will never go up again?" they will almost all answer they believe it will go up, but because it might be their life savings, they cannot just risk it either. Some people are doing leverage and futures trading and hence they automatically lose when a big crash takes place.

The market has been moving sideways for long now without any proper direction of where it possible move could be. The sideway movement is the current pendulum pattern of the market now which is somehow obvious to trade if one is skilled in trading ranging market.
To trade this pendulum patterns, the continuous analysis of the price chart will be of good importance, reading and interpreting chart patterns to correlate it with the be latest price movement.

Only linear logic. The total amount of Bitcoin remains unchanged,
1. Smart traders earn bitcoins in your hands in daily transactions.
2. I have to sell coins to improve my life,
3. The private key is lost,
4. The person leaved the world but did not leave any private key backup, etc.,
The emergence of these situations will cause the number of bitcoins hand to become less and less. Perhaps we are wrong to think that the number of bitcoins is 21 million unchanged, and that bitcoins will only become scarcer.

Sideways trend are for those who actively monitor the market, especially the day trader since the market is very volatile and the price can change that easily. We should always focus on the strategy that you've set-up, we all have different activities during the sideways and personally, I prefer to hold than to trade and catch the market because it's too hard for me to deal with volatility everyday.

As far as the current market is concerned, we are constantly tormenting us, and we are constantly washing down all the unsteady holders through shocks back and forth. Whether you are optimistic about Bitcoin, suppressing Bitcoin, or praising Bitcoin, as long as Bitcoin does not die, There is only one result-that is, the worldwide public awareness of Bitcoin continues to increase, and the global consensus continues to increase.

When it is in Bitcoin sideways, I still continue for trading, mostly daily trading. Sometimes, Bitcoin sideways leads some altcoins to increase their prices. We can expect a better situation for altcoins if Bitcoin sideways is supported by good news about crypto. Unfortunatley, currently there are too many bad news, so not only Bitcoin, altcoins are also following to drop their prices. All crypto coins are in downtrend, we need to be patient and must admit to get lower profits in trading.

It is really hard to make a clear decision when the market behaving that way. Traded cautiously is only a thing it helps, we need to be careful otherwise, we lose a lot. That gives me a reason why I don't just trade Bitcoin this time, I'll choose altcoins in the meantime while Bitcoin is so tricky and finds it too hard to predict what will be its next move.

@OP,
If you were not able to make a clear decision, I suggest not to trade. Or, go for altcoins just like what I did.

Well, that is a good opinion, and traded sideways will perhaps very risky to other because you don't know the exact time of executing the buy and sell. But the sideways trend is very common on bitcoin price, just like what happened right now that bitcoin was struggling on the range price of $32-36k because of this up and down movement of bitcoin price. If the market is in a sideways position, I suggest to stop for a while trading in the market, --instead, just accumulate more and hold your portfolio safe. Sometimes it is good to spend our bitcoin but yet, I always good to store the value of bitcoin.

It can go two ways, the first is quite riskier as the market can leave you behind at any moment and you can lose all as well make some decent profits especially if your predictions are right. Those that have been trading Bitcoin during the weekends, in the last couple of weeks hasv already made a decent amount of profits as from the charts excluding this last weekend, Bitcoin has always dropped in value.

Now if you don't have experience in trading and also haven't perfect the skills then Dollar coat averaging is another way to go about the market. In simple terms it requires you buying in batches and holding instead of going in at ones. This strategy gives rooms for opportunity of buying more incase there's a decline in price after you have already bought some.

Both strategy can be used effectively and you'll come out profitable in the market. While accumulating and holding is more advice is because it's the easiest of them all and more secure in regards to profiting although you have to be patience for the market to recover.

Honestly, sideways market or doesnt have that much volatility is the time on where i dont like the most.Why? You would really be confused on where the market could possibly go.
It doesnt always mean that if the market do make out sideways then next would be a pump? You shouldnt really think off this way because there would be always two possible
scenario could happen and this is where own analysis do sets in because if we do really mind off on making profits then positioning yourself would be your next move.
You can see indications and possibly path that it would be heading next but since this is crypto then any analysis could really be fucked up.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

This hour, bitcoin increase to $34,700, which has good moves than yesterday but there still a chance for bitcoin to go down again if there is no big demand to buy bitcoin. It is better to stay calm and not trade as this can lead us to buy at a high price while the price can go down lower. The trend can be like this but hopefully, the next week will change and the uptrend will come to the market and give a chance to the price reaching $35k.

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.

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.

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.

Each of us has goals and plans in holding sometimes it same and sometimes is not same, this is very important when we really have to know price movements in the market and follow price trends, of all that does not mean only long-term profits will be made, it can also be done in the short term, it's just that we really have to be really active in following price movements that are influenced by various things that have sprung up. Everything takes skill and luck

;)Yes, it is undeniable that history tells us that we will not sell, build positions on dips, and eventually profit. At the same time, we must continue to learn and improve our cognition to have the courage to accompany Bitcoin to go further. You can hold it firmly because of the increased awareness of Bitcoin. My secret is to stick to the position and increase the position on dips.

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.

When the market is sideways, it generally fluctuates in a certain area. Because in the sideways market, the market has a relatively small range of fluctuations. When operating in this market, investors can only operate by selling high and buying low. They must not chase the rise. If the market rises for two or three days in a row, investors believe that the trend has reversed and rashly chasing high to buy, often they will be caught at the high point of the swing. In the same way, when the market is falling, investors should not be overly bearish, and can intervene in appropriate bargain-hunting.
good luck, take easy.

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.

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.

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

That's right. Dollar Cost Averaging beats every other investment strategy long term "except perhaps amazing luck".

I don’t think so. If you think Bitcoin is a short-term means of making quick money, I suggest you relearn the knowledge of Bitcoin.

If you want to invest in Bitcoin, I recommend that you choose to buy Bitcoin on a regular basis. For example, choose pay day to buy bitcoins and use 20% or less of your salary. I think this is an effective way to get income from Bitcoin, not to study candlesticks. Window period is not important, what is important is long-term optimism.

Here is a website that can help you better analyze the price: https://www.blockchaincenter.net/bitcoin-rainbow-chart/

This is my favorite price analysis Twitter: https://twitter.com/100trillionUSD

Hope to help you

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.