Quote from: wuvdoll on October 07, 2018, 05:04:17 AM

Quote from: STT on October 05, 2018, 06:37:24 AM

If this was a convential trade, the standard advice would be to delay the trade in order for the market to break the price out of this confined sector of trading.

The idea being to avoid the risk of a sharp move not to your advantage

Unfortunately, it is not everyone that will even understand what they should be looking out for when it comes to a break out since they have no trading knowledge. I totally agree with you that right now, most traders will definitely be sitting on the side line and waiting to see the direction that bitcoin eventually takes. The sentiment in the market is bullish but nothing is guaranteed yet, and playing with a sideways market now is taking a huge risk and trying to attempt to predict the future.

Personally, I have bought in some at $6100 with some stop loss below $5700 on my trade, and then looking to buy in more whichever way the market turns out.

Yeah it is very worthy because the price is very reasonable for investment and those who buy today will make handsome money in the near future. It is the right time for investing more and more money in bitcoin because it is crypto and anything could be happen in the near future. If the price bumps again like the previous year, you will miss this opportunity very much.