Post
Topic
Board Trading Discussion
Re: What should we do in the sideways market of Bitcoin?
by
matchi2011
on 06/07/2021, 17:12:17 UTC
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.
There are people who works and enjoy this strategy, playing against the market and wait for some time knowing that
recovery stage will take place.

It's hard as most of the time anticipation takes  much earlier than the dump that happened, you need to wait for longer
time before you can execute your plans.