Bitcoin: Market is to Rekt and hunt for liquidity!!
One of great strategy of scalping in small or high time frame is looking for liquidities. Market is to reward early and accurate entries and punish the late entry. You will have trapped shorts and longs all over the chart. When you see a wick, you better believe there are trapped positions waiting to get out. You can trade and take advantage of these levels in anytime frame. lower the time frame, faster the entry and close. You do not want to be a victim and get your self trapped either. The best way to avoid this is to find liquidities and plan out your trades and play a swing failure pattern. Most beginners trade in a single print trade zone (no mans land) and that usually can be a winner or loser, I call it gamble.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.