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Sideways Market

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What is a sideways market, also known as ranging market, and how to trade it.

Key Points

  1. What it is: technical
  2. Tools that do it: #tradingview 
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Ranging market is a market that is lacking a trend of direction.

It is not bullish (not consistently marking up) and not bearish (not consistently marking down).

Alternative names for ranging market

Ranging market is also called the sideways market.

How to trade a ranging market

In forex or other markets where very short term trading is common, people like to scalp the market - closing their positions after only few minutes, raking small profit.

Be warned though, because in cryptocurrency, even in Bitcoin, the liquidity is sometimes not good enough to do that properly.

Best Tools for Sideways Markets

  • Trading Platform: BitMEX
  • Technical Analysis: Wyckoff, Support/Resistance, Boxes
  • Charting App: Tradingview

Trading Techniques for Ranging Markets

One of the old but still well fitting descriptions of a typical ranging market can be found in the Wyckoff method. The Wyckoff method is focused on longer term trades and the crux of the range trading is the identification of the phase in which the market is.

A market can be ranging because there is an accumulation or reacummulation going on, after which a bull trend follows.

Alternatively, a market can be ranging because there is a distribution starting, after which a bear trend follows.

Want to *really* learn crypto charting & technical analysis?

Hate to break it to you, but there's no trading school, no neatly structured course and no simple how to.
Read our articles to get familiar with the tools, but try everything hands on. Trading will press your emotions, you can only really learn it as you go.

All the good crypto charting tools and platforms are accessible for FREE in either TradingView app or at Bitfinex. Just start!

Get TradingView Signup at Bitfinex

 

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