After 3 days of Sideways are we seeing action now? 22-24/03

[HarmonLi]

I just don't get why we weren't able to turn this thing into a bull market this time around.... On the other hand, I don't know how to trade this market. They bears are still strong, but are somewhat struggling.

[uki]

I just don't get why we weren't able to turn this thing into a bull market this time around.... On the other hand, I don't know how to trade this market. They bears are still strong, but are somewhat struggling.

Once you know what is the upper and the lower band of  a sideways channel you may trade it very nicely. It seems that we are now between $250-260 at the bottom and $290 at the top. Not a juicy gain, but if you like it, you may give it a go.

[HarmonLi]

I just don't get why we weren't able to turn this thing into a bull market this time around.... On the other hand, I don't know how to trade this market. They bears are still strong, but are somewhat struggling.

Once you know what is the upper and the lower band of  a sideways channel you may trade it very nicely. It seems that we are now between $250-260 at the bottom and $290 at the top. Not a juicy gain, but if you like it, you may give it a go.

For me personally this is much too risky or exciting... I guess the risk/reward ratio is too hight, considering the possibility of a breakout of the channel - in either direction. Don't know if stops are enough for this

[Addition]

Ok, so we seem to be back to where we was (post Evolution)

$259 on Stamp

[HarmonLi]

Ok, so we seem to be back to where we was (post Evolution)

$259 on Stamp

Why is everyone still looking at stamp for the price? I think Finex is the place to go, these days. Pro-traders also may go to Chinese sites and take the CNY price. I guess they like 4 digit-prices

[uki]

For me personally this is much too risky or exciting... I guess the risk/reward ratio is too hight, considering the possibility of a breakout of the channel - in either direction. Don't know if stops are enough for this

For me it is well beyond my risk/reward ratio, but I am more of a long-term guy. It is a bit of hassle, but nailing two or three such moves, makes it worth a try, as long as your stomach is fine with that. Mine is not.

[HarmonLi]

For me personally this is much too risky or exciting... I guess the risk/reward ratio is too hight, considering the possibility of a breakout of the channel - in either direction. Don't know if stops are enough for this

For me it is well beyond my risk/reward ratio, but I am more of a long-term guy. It is a bit of hassle, but nailing two or three such moves, makes it worth a try, as long as your stomach is fine with that. Mine is not.

Yeah, exactly. If you believe in Bitcoin in the long term, it's much better to just hold on to your coins in a market like this. You can't concentrate on your work, friends or family otherwise, as well. This market is unpredictable right now!

[uki]

For me personally this is much too risky or exciting... I guess the risk/reward ratio is too hight, considering the possibility of a breakout of the channel - in either direction. Don't know if stops are enough for this

For me it is well beyond my risk/reward ratio, but I am more of a long-term guy. It is a bit of hassle, but nailing two or three such moves, makes it worth a try, as long as your stomach is fine with that. Mine is not.

Yeah, exactly. If you believe in Bitcoin in the long term, it's much better to just hold on to your coins in a market like this. You can't concentrate on your work, friends or family otherwise, as well. This market is unpredictable right now!

That is very true and often downplayed here at this forum. I did some daily trading in the past and I feel much better since I quit it. Now I am fully to buy and hodl approach, using the dips to add to my position. It is the money I don't need tomorrow, or next month, so I can wait till it brings nice returns. And I am pretty positive about Bitcoin in the next 2-4 years.

[Addition]

True, long-term, we'll all do well


But right now, for us daily traders price has just dumped a bit more;

We're at $252.77 atm

So a bit of time has elapsed

[Addition]

So a bit of time has elapsed and seems to be doing the bouncing thing now @ $255

I'm not sure that we'll breach below $250??

$252 may have been short-term floor

[Addition]

Dudes - Price is dumping again!!

$245 on Stamp

[uki]

Dudes - Price is dumping again!!

$245 on Stamp

well, that is the action all daily traders wanted, I don't understand the complaint!

[neo9436]

Dudes - Price is dumping again!!

$245 on Stamp

Almost time to buy again!

[kwukduck]

I just don't get why we weren't able to turn this thing into a bull market this time around.... On the other hand, I don't know how to trade this market. They bears are still strong, but are somewhat struggling.

You don't get why people don't want to use funny fantasy internet money? Okay...
There is a real life out there you know, with real problems and solutions that go far beyond the crazy utopian fantasies of a bunch of crazy nerds.

[Ask Ken About Love]

I just don't get why we weren't able to turn this thing into a bull market this time around.... On the other hand, I don't know how to trade this market. They bears are still strong, but are somewhat struggling.

You don't get why people don't want to use funny fantasy internet money? Okay...
There is a real life out there you know, with real problems and solutions that go far beyond the crazy utopian fantasies of a bunch of crazy nerds.

Nothing utopian about hoping to get filthy rich by hoarding BTCeanie BTCabies buying BTC & sitting on their asses.

[pooya87]

Dudes - Price is dumping again!!

$245 on Stamp

i am watching the price carefully with my orders in place. now i only hope it goes more down to buy more

[Mellnik]

* Bitcoin USD value rises by $10 *

* Community goes nuts and suspects new ATH rally *

[uki]

* Bitcoin USD value rises by $10 *

* Community goes nuts and suspects new ATH rally *

It is the same and the same over here. Seems people never learn that. A long, boring sideways trend will shake off many weak hands here.