Sideways huh!

[Dave1]

I think even at bullish market, the sideway pattern is present, meaning there will be certain times that the market is very sluggish, maybe brought by several factors that's. And this could last for days or even weeks until such break out occurs. Unfortunately, we are in bearish trend now, most likely the break out could still be going South. But yeah, if you can find time to scalp and make money why not?

[stompix]

This isn't sideways for bitcoin standards. We have seen 48k last month, then 40k, then 26k, now over 30k. That is not a sideways, sure for the past few days we have been a bit sideways but we can't move breakout every single day, we need to end up with a bit of a challenge and that should be something a bit better.

Indeed, what sideways is this?
Exactly one month ago we were at 41.5 k, that's a 27% drop, this is not sideways at all, on the 5th we were nearly at 40k, again one hell of a drop and no recovery, and this sideways move would have to be also a bit over not just below and recovery.

If I look on a 12h/6h frame at the recent graphs it looks like the sideways move (if any) happened more in February-April when we would go from 45 to 35, 35 to 45, and stay there for a few days at least with good pauses at the 40k level. That looks like sideways movement to me, what we have now is more like a try at stabilization around 30 after one shock.

[traderethereum]

Assuming that we are still in the bear market of this cycle I expect the prices to go lower further, which may happen in the next few days or months. But the sideways is good for day traders if they are good at making their technical analysis while for short and long term traders its kind of risky days as mentioned we never know in what direction the price will move but the only thing I can suggest is expecting the unexpected movements.

That could happen in the next few days or months considering that bitcoin price movements have now become wild and very difficult to predict.
But we still have the opportunity to trade and make profits as long as we are not greedy in taking profits.
But if you're worried that the price could drop further, then you shouldn't trade but only buy when the price drops and keep it temporarily.
We must be wise in this situation and we must analyze the market movements before acting.

[pooya87]

This isn't sideways for bitcoin standards. We have seen 48k last month, then 40k, then 26k, now over 30k. That is not a sideways, sure for the past few days we have been a bit sideways but we can't move breakout every single day, we need to end up with a bit of a challenge and that should be something a bit better.

The $50k to $40k range was another bigger sideways before this last drop began and considering that it only took 8 days for the price to have this much drop from $40k all the way down to $25.4k and that was followed by exactly 8 days of price being between $28.5k to $31.5k, it looks a lot like a sideways market.

[buwaytress]

Yeah, I'd like it very much to trade sideways in 35k range please, so I can feel a lot safer to have a 10-15% cushion to lose ground with when/as sellers take profit.

Alternatively, we just completely bottom out, find perma support and sideways there for a long, long time (20-25k hopefully?) so I'm stacking long time in hopeful wait of next halving.

I'm... not kidding.

[speedy963]

The decline can be said to be there again whether it will go down to 20k or even drop below $20k.
Everyone is still in doubt to buy and hold bitcoin so hoping for its price to go up to $40 and above even though for now it is very impossible.

Right now, I don't disregard any possibilities anymore. I just stick on spot and leave behind some extra funds to buy on greater dips if they ever do happen. Some people right now are even speculating drops that could reach 12k-19k range. Although Bitcoin is doing well this Saturday, I am not disregarding the possibility of a huge dump that may or may not happen in the coming days. I am bullish but I prefer being prepared I don't wanna regret seeing prices go so low but I don't have any more extra funds to buy and DCA. I basically am satisfied with the numbers I currently have. They're on spot anyway so I'll just wait this storm out and only move when I see drastic changes regardless of direction (up or down).

[Fatunad]

This isn't sideways for bitcoin standards. We have seen 48k last month, then 40k, then 26k, now over 30k. That is not a sideways, sure for the past few days we have been a bit sideways but we can't move breakout every single day, we need to end up with a bit of a challenge and that should be something a bit better.

Indeed, what sideways is this?
Exactly one month ago we were at 41.5 k, that's a 27% drop, this is not sideways at all, on the 5th we were nearly at 40k, again one hell of a drop and no recovery, and this sideways move would have to be also a bit over not just below and recovery.

If I look on a 12h/6h frame at the recent graphs it looks like the sideways move (if any) happened more in February-April when we would go from 45 to 35, 35 to 45, and stay there for a few days at least with good pauses at the 40k level. That looks like sideways movement to me, what we have now is more like a try at stabilization around 30 after one shock.

Remembered that 38-42k playground before we had dropped bad in 26k and now it seems it do repeat on the same situation where we do really stick or move sideways on 29k-31k which might really be staying
up for a while whether the price could actually make out some significant movement but the question is, would it go up or down? that would be the big question.
Nothing new on situations like this on which there are times which do speculating on next possible move is really pain in the ass.
So get yourself get used to it.

[cryptomaniac_xxx]

^^ I will just base on what the current cycle is, so either short or long term, I think this sideways movement will at some point will have a break out run and it could go still on a downward spiral.

As there could be still selling pressures, just one negative news will trigger another drop in price maybe in the next month or so. Maybe we may have to crossed between $24k-$26k or even lower if the news is global and affecting all financial markets.

[batang_bitcoin]

If the same trend we've got as last year, we will see a pump after this correction which we all usually know comes after these drops.
It's true that these side ways will cause one to doubt whether it's a good time to buy or sell but make sure that before you take any action, you know what you're doing and the decision you'll make. I like it more when bitcoin is like this, the slow-mo it got for its price.

[adaseb]

Sometimes sideways markets can be more dangerous than bear markets.

I think in a bear market, most people will hold. Maybe a few here and there will capitulate, especially those over exposed.

However those that bought a tiny percentage probably won’t. Since other assets such as stocks are down also. However if Bitcoin trades sideways for the next 6 months, I can see many getting impatient and selling out of boredom.

[justdimin]

Yeah, I'd like it very much to trade sideways in 35k range please, so I can feel a lot safer to have a 10-15% cushion to lose ground with when/as sellers take profit.

Alternatively, we just completely bottom out, find perma support and sideways there for a long, long time (20-25k hopefully?) so I'm stacking long time in hopeful wait of next halving.

I'm... not kidding.

That would be a great deal but I believe that bitcoin will skyrocket soon enough and will not be like this. I get that people who understand investment good enough knows that we are at a stage where it is definitely profitable to buy right now but the trading situation could not be the same thing. I get that it could be going down and up and we could trade that way to make a ton of money but that won't happen that quickly.

It is going to be a bit of a trouble when we see it a tradeable thing, and that would be something that would be amazing for all, but it won't and it will just simply skyrocket. I can see it be around 30k for a while and then skyrocket to 40k+ very easily and very soon.

[lornadane]

If the same trend we've got as last year, we will see a pump after this correction which we all usually know comes after these drops.
It's true that these side ways will cause one to doubt whether it's a good time to buy or sell but make sure that before you take any action, you know what you're doing and the decision you'll make. I like it more when bitcoin is like this, the slow-mo it got for its price.

In my opinion, currently selling is not the right thing because it will only make us lose.
Try to be a little patient and try to buy back bitcoin at the lowest price like now then the profit will be ours later.
But it all comes back to each of us because not everyone is able to survive.

[Baofeng]

If the same trend we've got as last year, we will see a pump after this correction which we all usually know comes after these drops.
It's true that these side ways will cause one to doubt whether it's a good time to buy or sell but make sure that before you take any action, you know what you're doing and the decision you'll make. I like it more when bitcoin is like this, the slow-mo it got for its price.

In my opinion, currently selling is not the right thing because it will only make us lose.
Try to be a little patient and try to buy back bitcoin at the lowest price like now then the profit will be ours later.
But it all comes back to each of us because not everyone is able to survive.

Yeah, not a good idea, but if we are going to look at the price today, it went ahead, up on the $30k barrier again. So this could be the break out run that we have been waiting for although this is not a validation yet as it is too early to conclude. Let's see at the start of the week, if this is going to be a good one for us, or the pattern will just continue as sideways again.

[stompix]

~

Remembered that 38-42k playground before we had dropped bad in 26k and now it seems it do repeat on the same situation where we do really stick or move sideways on 29k-31k which might really be staying

If we go like that every single move right now on the market is a copy of something that happened previously. If we start breaking it down in smaller and smaller intervals 99% of the whole bitcoin trading history will look like a sideways move.

In order to claim the market is moving sideways and this is becoming a pattern then at least have a longer period to determine his, not a small timeframe of total apathy on the markets after a 25% drop, which came after another 20% drop last month. If you look at the recent history every round had a period like this, look how it was at 40k, but rather than going sideways, it was more like a try to stabilize the price and don't fall below 40k, the same is happening now.

[maydna]

If the same trend we've got as last year, we will see a pump after this correction which we all usually know comes after these drops.
It's true that these side ways will cause one to doubt whether it's a good time to buy or sell but make sure that before you take any action, you know what you're doing and the decision you'll make. I like it more when bitcoin is like this, the slow-mo it got for its price.

In my opinion, currently selling is not the right thing because it will only make us lose.
Try to be a little patient and try to buy back bitcoin at the lowest price like now then the profit will be ours later.
But it all comes back to each of us because not everyone is able to survive.

Maybe not selling but buying at a low price and holding it for a while until the price can rise again. By patiently waiting, we can see the price slowly recovering and eventually, the price will rise again after this decline. And today, the price could return to $30k, and the trend is still up. Hopefully, this can lift the price to a higher level and no deep decline.

[peter0425]

Despite the low confidence in the price action lately, we are seeing a sideways market.

A sideways market is when the price moves horizontally, rising and falling but not breaking out or down. It indicates indecisiveness or consolidation, which could create a turning point. The question is in which direction will the price action go? Well, we can only hope it breaks out and starts a new trend, but it can still go down.

The only good thing about a sideways market is that the price action between support and resistance is more predictable, so it's a good time to scalp. However, during a period of indecisiveness, you should trust fundamental indicators more than technical indicators, as anxious investors often turn their attention toward macroeconomic factors. This way, you can better anticipate breakouts.

I'm not a financial adviser so take my words with a pinch of salt. But, these are general facts most traders already know of. Yes, there's money for you even in a choppy but only if you play your cards right. Trade, not gamble.

with all what the world is facing? it is indeed that the crypto market will be affected , as the world economy is dumping also now as War happening in the  worlds biggest supplier of Oil , and this is the situation why we are experiencing similar to the stock market.
so going sideways is normal in our time now.

[batang_bitcoin]

If the same trend we've got as last year, we will see a pump after this correction which we all usually know comes after these drops.
It's true that these side ways will cause one to doubt whether it's a good time to buy or sell but make sure that before you take any action, you know what you're doing and the decision you'll make. I like it more when bitcoin is like this, the slow-mo it got for its price.

In my opinion, currently selling is not the right thing because it will only make us lose.
Try to be a little patient and try to buy back bitcoin at the lowest price like now then the profit will be ours later.
But it all comes back to each of us because not everyone is able to survive.

Well, it's not the right thing if you're about to get more losses upon doing so. And that's why don't sell at losses and when the market is at its dip.
You'll see that there's no need in doing it and instead, you should do the opposite of buying if you think of this time as buying opportunity just like the whales do. Knowing the lowest price is up to you, you can buy during the said dip by most or buy during the dip of the dip, well, that's a meme that I usually see. 

[carlfebz2]

If the same trend we've got as last year, we will see a pump after this correction which we all usually know comes after these drops.
It's true that these side ways will cause one to doubt whether it's a good time to buy or sell but make sure that before you take any action, you know what you're doing and the decision you'll make. I like it more when bitcoin is like this, the slow-mo it got for its price.

In my opinion, currently selling is not the right thing because it will only make us lose.
Try to be a little patient and try to buy back bitcoin at the lowest price like now then the profit will be ours later.
But it all comes back to each of us because not everyone is able to survive.

Well, it's not the right thing if you're about to get more losses upon doing so. And that's why don't sell at losses and when the market is at its dip.
You'll see that there's no need in doing it and instead, you should do the opposite of buying if you think of this time as buying opportunity just like the whales do. Knowing the lowest price is up to you, you can buy during the said dip by most or buy during the dip of the dip, well, that's a meme that I usually see. 

Dont know on why some people do really consider out on selling when the market is on deep declines or dips which we do clearly know that it would eventually recover.As long you dont sell those coins you have

then you arent losing something.They might be looking on USD value but for coin/token value or amount would really be just the same and thats the thing you should really bare that up in mind.

Sideways or accumulation or consolidation period could really happen in the market anytime and this would really be a test of faith i would say.. hehehe.

[STT]

Never short a dull market, classic phrase and worth remembering because it costs alot less to reference history then relive it personally and painfully.    Markets and people tend to repeat themselves, BTC is low but you dont sell into the low if you can at all avoid it because of why the harsh low occurs in the first place.   Biggest lesson to take away from any modern market is the amount of hot money or borrowed money that is sloshing around the place; when the market contracts it really hurts those who needed the momentum of trades appreciating.
   We get stuck in a loop basically and price is not always accurate, seen before and we'll see it again BTC is very likely fine and not any worse off then a year ago imo which is not to say we cannot go lower but I think we're stretching it with this straight red sequence.

[KennyR]

Bitcoin have turned positive with market capitalization rising 1.5% to $1.37 trillion. Based on the growth pattern there is possible chances of price going above $33k. On the 6 hourly chart, sideways market getting into bullish pattern. Same time there is also risk of price moving downwards. If the price breach down to $28k there is possible chances of price touching down to $25k.

There is huge accumulation happening as the fear and greed indicator is at higher levels. So, more investors will try to make a profit in the short term when price goes high above $33k which too could down the market.