What should we do in the sideways market of Bitcoin?

[gabbie2010]

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.

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.

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.

[leea-1334]

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.

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:)

[RealMalatesta]

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.

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.

[ipanks]

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.

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.

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.

[SquallLeonhart]

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 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.

[Fredomago]

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.

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.

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.

[perfect999]

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.

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.

[Mahanton]

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.

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.

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.

[taufik123]

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.

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.

[kawetsriyanto]

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

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.

[Cherylstar86]

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 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.

[GreatArkansas]

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.
(.....)

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.
(....)

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.

[Sayeds56]

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

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.

[Lakai01]

-snip-
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.

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.

[Scarlett7777]

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

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.

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.

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.

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.

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.

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.

[Scarlett7777]

-snip-
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.

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.

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.

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.

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.

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.

[Ararbermas]

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.

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.  

[Kimberl2020]

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

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.

[conected]

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

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 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.

[Silberman]

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.

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.