Post
Topic
Board Speculation
Re: Sideways huh!
by
peter0425
on 23/05/2022, 09:48:41 UTC
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.