Quote from: Kasabus on Today at 10:40:39 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.

It's not all the time that bitcoin stays high or low priced in the market, it may also experience sideways which i think those who were able to end up a good market analysis will always have an edge. But i also think this is not the right time to make unnecessary movements in the market as all you need to do is stay calm and observe the market. Wait if the market give signals to buy or trade, that's the time it's safe to move.

You're right, the market has been moving back and forth lately between $29k to $31k and I think that's the indication that someone should buy the dip and sell the pump.