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Author Topic: What should we do in the sideways market of Bitcoin?  (Read 654 times)
Scarlett7777 (OP)
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July 03, 2021, 02:51:05 AM
 #1

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.
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July 03, 2021, 03:23:25 AM
 #2

Most of the market's revenue is completed in a short period of time.

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
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July 03, 2021, 03:40:55 AM
 #3

Most of the market's revenue is completed in a short period of time.

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

That's right. Dollar Cost Averaging beats every other investment strategy long term "except perhaps amazing luck".
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July 03, 2021, 05:08:13 AM
 #4

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
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July 03, 2021, 07:44:54 AM
 #5

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.

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Scarlett7777 (OP)
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July 03, 2021, 07:51:17 AM
 #6

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.
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July 03, 2021, 08:10:40 AM
 #7

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.
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July 03, 2021, 08:15:31 AM
 #8

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.

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.

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July 03, 2021, 09:18:09 AM
Merited by kxwhalexk (1)
 #9

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.

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.
;)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.
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July 03, 2021, 10:00:16 AM
 #10

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
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July 03, 2021, 11:25:11 AM
 #11

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.

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July 03, 2021, 11:30:16 AM
 #12

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.









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July 03, 2021, 01:21:01 PM
 #13

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.

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July 04, 2021, 03:55:14 AM
 #14

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.

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July 04, 2021, 06:08:16 AM
 #15

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.
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.

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..PLAY NOW..
Karartma1
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July 04, 2021, 06:11:35 AM
 #16

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.
cryptoaddictchie
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July 04, 2021, 07:04:43 AM
 #17

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.

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..BUY/ SELL CRYPTO..
Imran232
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July 04, 2021, 07:11:25 AM
 #18

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
xSkylarx
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July 04, 2021, 07:54:28 AM
 #19

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.
KaliLinux
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July 04, 2021, 11:02:06 AM
 #20

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.
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