Suitable for: Scalping, day trading. Trading Time: 24/7, Around the Clock. Cryptocurrency: Any (Bitcoin and Altcoins) Timeframes: M1, M5, M15, M Download. Download the Cryptocurrency Scalping Strategy That Works. Buy Trade Example: XRP/USD (Ripple / US Dollar), M5 Chart. Bitcoin scalping strategy has been praised and criticized. Critics noted its use in illegal transactions, the large amount of electricity victimized by miners, price irresolution, and thefts from exchanges. few economists, including several Nobel laureates, have characterized it as a speculative bubble. Mar 24, · Trend trading is a strategy that relies on the current trends in the Bitcoin world. You’ll need to keep a close eye on what others are talking about and plan to do. For example, bitcoin became incredibly popular in , when the price rose to almost $20, per BTC.
Best bitcoin scalping strategyCrypto Scalping Strategy: 30 Minute Trades - TotalCrypto
You will find a chat group for most altcoins. Join a Telegram channel for a specific altcoin when you research the trade opportunity…. Look for any signs of momentum building behind the community or special announcements from team members. The secret value for many day traders is that team members sometimes give spoilers to chatters. For instance, some news was announced on Telegram first when Verge was going through the whole hype-up to their PornHub partnership announcement.
Want more tips on how to day trade crypto? If you want to put your new scalping techniques to the test? Why not try out Binance — the home of cryptocurrency trading. Want a helping hand in getting your account setup? Our Binance guide has you covered. Tom is a cryptocurrency expert and investor from Edinburgh, United Kingdom, with over 5 years of experience in the field.
He holds an MA in diplomacy and BA in politics from the University of Nottingham, giving him a firm understanding of the social implications and political factors in cryptocurrency. He believes in long-term projects rather than any short term gains, and is a strong advocate of the future application of blockchain technology.
Contact Tom: tom totalcrypto. Sign Up To Binance. This article must not be construed as investment advice. Always do your own research. Related Posts. If the black line of the macd-color-indicator custom indicator surges above the 0. It is used to better highlight trend changes on a crypto chart.
Share Now! Related Posts. The ribbon will align, pointing higher or lower, during strong trends that keep prices glued to the 5- or 8-bar SMA. Penetrations into the bar SMA signal waning momentum that favors a range or reversal. The ribbon flattens out during these range swings, and price may crisscross the ribbon frequently.
The scalper then watches for realignment, with ribbons turning higher or lower and spreading out, showing more space between each line. This tiny pattern triggers the buy or sell short signal. How does the scalper know when to take profits or cut losses? The best ribbon trades set up when Stochastics turns higher from the oversold level or lower from the overbought level.
Likewise, an immediate exit is required when the indicator crosses and rolls against your position after a profitable thrust. You can time that exit more precisely by watching band interaction with price. Take profit into band penetrations because they predict that the trend will slow or reverse; scalping strategies can't afford to stick around through retracements of any sort. Also, take a timely exit if a price thrust fails to reach the band but Stochastics rolls over, which tells you to get out.
Once you're comfortable with the workflow and interaction between technical elements, feel free to adjust standard deviation higher to 4SD or lower to 2SD to account for daily changes in volatility. Better yet, superimpose the additional bands over your current chart so that you get a broader variety of signals.
Finally, pull up a minute chart with no indicators to keep track of background conditions that may affect your intraday performance. Watch for price action at those levels because they will also set up larger-scale two-minute buy or sell signals. In fact, you'll find that your greatest profits during the trading day come when scalps align with support and resistance levels on the minute, minute, or daily charts.
Scalpers can no longer trust real-time market depth analysis to get the buy and sell signals they need to book multiple small profits in a typical trading day. Fortunately, they can adapt to the modern electronic environment and use the technical indicators reviewed above that are custom-tuned to very small time frames.