Sideways trading within a relatively narrow range

[Cryptomultiplier]

‎Recent market analysis and price action depicts Bitcoin as being in a stage of sideways trading or consolidation, even though it has slightly shown a downward movement, the truth is that it is trading within a relatively narrow range with a more downtrend bias. The current price action or Bitcoin, is a strong sign that the next major trend is soon to start, if you agree.
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‎* What does the consolidation or sideways trading period within this current narrow margin, mean for you as a trader or investor? What is the best course of action during this narrow range period?

[Nightwalker(NW)]

* What does the consolidation or sideways trading period within this current narrow margin, mean for you as a trader or investor? What is the best course of action during this narrow range period?

When the market starts moving between sideways it shows that there is no direction, meaning it is going low slowing and rising above slowly as well, more ore less of indecisive movement where as trader or investor you wouldn't know where to start making investment until the market recovers back to a nice direction.
However, if the market tries to breakout on any of these then we should know that we could a potential of it, if the market breakout bullish then we should be expecting supper bullish, but if the market changes direction on the opposite site the we see a blood bath in the market. Though I am actually optimistic about the market that is any is possible and we could see it coming.

[GreatArkansas]

(....)
What does the consolidation or sideways trading period within this current narrow margin, mean for you as a trader or investor? What is the best course of action during this narrow range period?

Recent price actions of Bitcoin are really tough for traders, but scalpers may be making a lot of money recently.
So for me, if these kinds of price actions are not for you, like it's not your thing as we're really into sideways and a lot of wicks and could just be stop loss hunting, I'd rather not trade.

Waiting instead of opening trades that are not sure is better. There are still lot of good opportunity waiting ahead.

[tbct_mt2]

Recent price actions of Bitcoin are really tough for traders, but scalpers may be making a lot of money recently.
So for me, if these kinds of price actions are not for you, like it's not your thing as we're really into sideways and a lot of wicks and could just be stop loss hunting, I'd rather not trade.

Waiting instead of opening trades that are not sure is better. There are still lot of good opportunity waiting ahead.

Trading is risky and all traders must know when they need to exit the market like side ways don't last forever and there will be time for the market to choose and make its next trend with a big price movement. If you don't know where it will go to, upwards or downwards, with a next big price movement, it's right time to close all your positions and exit the market. Keep watching the market and waiting until its big price movement happens, then you can consider to join the market with new opened positions.

It's true with scalping traders too as if they have trading positions opened when the market moves up or down significantly, they might have big loss, that is not purpose of scalping trade.

Additionally, use stop loss or stop limit order is basic but very important with traders.

[Charles-Tim]

‎* What does the consolidation or sideways trading period within this current narrow margin, mean for you as a trader or investor? What is the best course of action during this narrow range period?

As a trader, people do just trader minutes, hours, everyday in weeks. Most traders best use indicators instead regardless of what is happening. They prefer in technical analysis or short time fundamental analysis.

As na investor, they prefer to just buy more as the price is falling, regardless of what is happening. They will think the price will increase back and that they will make money from it. That is if they know what they are doing.

[Gozie51]

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‎* What does the consolidation or sideways trading period within this current narrow margin, mean for you as a trader or investor? What is the best course of action during this narrow range period?

Bitcoin price during this season is usually controlled by weak hands who fear that the price will drop because of withdrawals that would be made for the festivities and so they start cashing out. This is what is ranging the price at the moment and that is pushing the price downward even from two weeks ago. But with the stronger hodl from strategy and other institutions who have accumulated bitcoin, I don't think the downward will go on for long. So I will be optimistic that the price will eventually enter recovery mood anytime soon after the celebration of the new year because new hodlers may be introduced to the market.

[FirmWars]

If you are a trader, during this kind of market conditions, you will have to wait for a full breakout, after that you will confirm the breakout with your strategy so that you don't get faked out. Some breakout is just a fake one which will only grabbed liquidity and then the real move will start. A real trader can explain this market conditions properly but a holder who is not ready to take a short term buy and sell does not care much like traders do, the person's target is to buy at a given price, they will either wait or can be buying with mostly advised DCA strategy.

[pliego]

If you are a trader, during this kind of market conditions, you will have to wait for a full breakout, after that you will confirm the breakout with your strategy so that you don't get faked out. Some breakout is just a fake one which will only grabbed liquidity and then the real move will start. A real trader can explain this market conditions properly but a holder who is not ready to take a short term buy and sell does not care much like traders do, the person's target is to buy at a given price, they will either wait or can be buying with mostly advised DCA strategy.

This sideways action is a total chop fest and honestly, waiting for that confirmed breakout is the only way to keep your sanity. I remember back in '21, I got impatient during a similar range and jumped into a long because of one 15-minute candle that looked 'promising'—turned out to be a massive liquidity grab that wiped my stop loss in seconds. Now I just kick back and set alerts. If you're chasing every little wick in this narrow range, you’re just providing exit liquidity for the big boys. Patience is a trade too, even if it feels boring as hell

[Furball808]

For long-term investors this might actually be the least risky time of the market. Yes, it’s boring and it can induce anxiety but don’t let emotions get into you and instead continue on buying systemically. DCA is the best course of action during this period.

[Jatiluhung]

In Bitcoin, I only accumulate for long-term investment. However, I always keep an eye on Bitcoin's movements over time to analyze altcoin movements, which tend to follow Bitcoin. Currently, Bitcoin is still in a sideways position or range. But I can't consider its range to be relatively narrow. Because in the past few weeks, we've seen movements between the 80k and 94k ranges. And that's quite a wide range. In this case, I often take advantage of it to buy some altcoins when Bitcoin corrects, like today, and I will start to sell them when Bitcoin tries to rise and break through its resistance again. However, the recent decline has made me concerned. Because to me, it looks more like the beginning of a bearish market or further decline. At the very least, I am concerned that Bitcoin could fall to 70k. The most important thing is that the nearest support level must not be broken below. I hope some global economic reports can have a positive impact on the market, causing Bitcoin to bounce back and break through the top level again before the bear market truly arrives. 

[Razmirraz]

‎Recent market analysis and price action depicts Bitcoin as being in a stage of sideways trading or consolidation, even though it has slightly shown a downward movement, the truth is that it is trading within a relatively narrow range with a more downtrend bias. The current price action or Bitcoin, is a strong sign that the next major trend is soon to start, if you agree.
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Of course I agree. A period of consolidation or sideways movement indicates that the market is gathering strength for the next major move, that's my observation based on the history of previous periods. Situations like this can be a good opportunity for traders and investors to prepare themselves for when the next major trend begins. Some traders out there may see the consolidation period as an opportunity to capitalize on low volatility to buy or sell Bitcoin at a price they desire. They may also use this situation to monitor price movements and prepare trading or investment plans for the next major surge.
Optimism about the positive trend that will occur arises when understanding the consolidation period, traders and investors can take advantage of this opportunity to take appropriate action and be better prepared when the big move arrives.

[Findingnemo]

When the market is moving side ways then it is best time for day traders to maximize their potential, and margin is not that important as long as one predicts the sideways movement. But for investors, there is nothing much to change, just keep on holding and cash it out if there is a sudden dump if you can set the sell order or have some liquidity to buy the dump and cash out when the market recovers.

[Ndabagi01]

‎‎* What does the consolidation or sideways trading period within this current narrow margin, mean for you as a trader or investor? What is the best course of action during this narrow range period?

As a trader, I will always look out for the range the market is mostly trending on. Mark out the major highs and lows that it is mostly obeying, then take trades from one point of the major highs to the major low until the market breaks and don’t obey the highs and lows again. The current state of the market needs one to be very careful as the market direction is unpredictable. We may be thinking of a buy but a sell is more imminent to happen which we may not have spotted in the market. Consolidation and sideways movement in the market are very difficult to predict and necessitates one to be very careful and much observant when taking trades in such market.

[pliego]

‎‎* What does the consolidation or sideways trading period within this current narrow margin, mean for you as a trader or investor? What is the best course of action during this narrow range period?

As a trader, I will always look out for the range the market is mostly trending on. Mark out the major highs and lows that it is mostly obeying, then take trades from one point of the major highs to the major low until the market breaks and don’t obey the highs and lows again. The current state of the market needs one to be very careful as the market direction is unpredictable. We may be thinking of a buy but a sell is more imminent to happen which we may not have spotted in the market. Consolidation and sideways movement in the market are very difficult to predict and necessitates one to be very careful and much observant when taking trades in such market.

“The current state of the market needs one to be very careful”
Learned this the hard way. I’ve been chopped to death before trying to outsmart a consolidating market. These conditions feel easy, but they’re usually just liquidity traps. Being selective beats being active here.

[Nahl]

The current sideways has a potention to make bitcoin dumped again even some traders including me believe the bottom is not to an end which mean bitcoin prices possibly will down below to $80k and as the investors probably before waiting to that moment it could be a good decision to hold bitcoin for long term and of course to accumulate our asset but for the traders they have a different style compared the investors because in this condition they will find a good method to earn money and one of their strategy is to ruled out bitcoin trading temporary and find altcoin potential to earn profit or futures trading also good option to those who very experience to predict the chart and technical analysis

[lornadane]

Do you see this range as accumulation or distribution? That kinda changes the approach for me. If it’s accumulation, I’m more comfortable buying dips. If it’s distribution, I’d rather stay in cash and wait for confirmation. Curious how others here are reading the structure.

[hugeblack]

‎Recent market analysis and price action depicts Bitcoin as being in a stage of sideways trading or consolidation, even though it has slightly shown a downward movement, the truth is that it is trading within a relatively narrow range with a more downtrend bias. The current price action or Bitcoin, is a strong sign that the next major trend is soon to start, if you agree.

What do you mean by "next major trend is soon to start"? This statement can be interpreted as referring to both an upward and a downward trend.

As long as the price remains above $83,000 or below $96,000, it will likely remain stable within that price range.

[maydna]

In this sideways, I prefer to wait and do nothing. Just wait and monitor the market. I don't want to take the risks of analyzing the market and entering the market. If you want to trade, you need to analyze, that is the key. But if you don't want to bother the price fluctuation, you can buy at dips and hodl. That is the thing you can do to accumulate it at various low prices. Investors still accumulate more without thinking about the price. Fluctuations will not disrupt you because you only focus on accumulating more Bitcoin.

[Faisal2202]

‎Recent market analysis and price action depicts Bitcoin as being in a stage of sideways trading or consolidation, even though it has slightly shown a downward movement, the truth is that it is trading within a relatively narrow range with a more downtrend bias. The current price action or Bitcoin, is a strong sign that the next major trend is soon to start, if you agree.
‎
‎* What does the consolidation or sideways trading period within this current narrow margin, mean for you as a trader or investor? What is the best course of action during this narrow range period?

You are right it does feel like market is taking a breath as no side is dominating other and due to this balance I feel like it is going to pump, because this period has already shake out week traders, liquidity is building and even if market makers are selling it is holding strong at the resistance of $85k.

I take it as a strong indicator but in a matter of second things can change and we can see btc trading at $70k then $60k and even lower. But for now I feel strong about its price just like you.

[Zigabel]

‎Recent market analysis and price action depicts Bitcoin as being in a stage of sideways trading or consolidation, even though it has slightly shown a downward movement, the truth is that it is trading within a relatively narrow range with a more downtrend bias. The current price action or Bitcoin, is a strong sign that the next major trend is soon to start, if you agree.
‎
‎* What does the consolidation or sideways trading period within this current narrow margin, mean for you as a trader or investor? What is the best course of action during this narrow range period?

This period for me just means a time to just do more of observation than just trying to hop on every trend and trying to make money from the every move of which at some point you end up loosing the funds at some point trading. Bitcoin we believe will still go upward and go beyond the current sideways trend.

Then as an investor it is also better that you do not try to make withdrawal at this point, because you will most be at loss probably because the point at which you entered is different form the point at which the trade currently is. Holding till we get passed this period will be the best approach in my taught.