The market is really going sideways...?

[thejaytiesto]

A lot of people, me included, are saying that BTC is trending down and will crash.  But try reversing that chart...  It looks more flat to me.  I expected it to look like it was trending up after reversing it.

Thoughts?

Only people that already sold think BTC will crash just to save face in case it actually happens. But the thing is, no, BTC will not crash, we'll have an slow ass uptrend until a random day the rally beggins.

[Lexi Price]

Ah, I see... We're at that time again where we're rotating our charts I don't really believe in sideways movement. A breakout/-down seems much more likely, I believe. Price is still resilient. At least we went down fighting, I guess...

Sometimes looking at something in reverse will give you the right perspective.

And the support is still looking good so far.

I'd be all for more sideways movement. I think breaking out of a giant falling wedge is a good thing, but that doesn't happen that often, actually. But hey, let the price prove me wrong on this one

Hehe...  Still holding.  Cross your fingers.  

Same here. If you held when it hit the bottom in January it's easy to hold now. If this move doesn't go lower than $200 and jumps up again it will just confirm the bottom and go up again to hit $250 (which is what the traders are waiting for).

Do I understand this right - the traders are waiting for it to hit 250 so they can do that they do. Holders are waiting for it to go under 200 to buy more and sideways = this is what's known as a Mexican standoff.