Quote from: istiak2277 on May 31, 2022, 04:36:14 PM

Quote from: roadrunnerjaiv2025 on May 18, 2022, 01:20:54 PM

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.

If I am not wrong, the last bull run market crashed down from a sideways market like this. The pattern was the same as this time. The market moves sideways for more than 5 months and suddenly in September or October, it starts crashing. Though after that sharp fall out market recover quickly and started a new wave of slow upward movement. So I think we have more time before we are going up once again.

I don't know which time are you referring but we are in 6th months of going sideways and there is no signs of recovering .

if you are talking about 2021? then yeah this is far different from 2022 because that is the effect of Miners halving while no ? there are 4 years to go before that time happens again.