Long

Updated

Bitcoin Scalp 100x Edition PART 2

The Sith have ruled for a long time now- We have had a fairly long downtrend and have found some support What does this mean-

Hand me my Lightsaber- Let your stop losses be tight and let the force guide you.

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My entry is $40225

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Stopped at entry

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Reentered 39876

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If you have been following me u know stop loss is moved to entry, we ca always reenter, if u reentered lower u can adjust your tp targets. Follow this space Live!

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When opening the pic click to expand-
paste.pics/GNQ6V

We are reacting to the 10 day ema- A slight pull down will happen as the market maker has built some shorts

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The key thing when scalping is to

1. You must adjust your support on a fly, cause this is micro support, in the moment, then check the time frame above and below especially to guage what the coin is doing, so on the 30 min chart we are checking 15min and the 1 hr

paste.pics/GNQ87

paste.pics/GNQ87

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Then set the old support as resistance

paste.pics/GNQ9B

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For your scalp you need to add the following the 10,30,50,200 ema. If you are a regular member, open pine script, click pine editor and add copy and paste the below and click add to chart

paste.pics/GNQEO

study(title="Ema", overlay=true)

shortest = ema(close, 10)
short = ema(close, 30)
longer = ema(close, 50)
longest = ema(close, 200)

plot(shortest, color = red)
plot(short, color = orange)
plot(longer, color = aqua)
plot(longest, color = blue)

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My entry is still 39876, Thought changed stop to entry I did not=

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Okay so what we want to do now is for those who. reentered after the stops were hit, @ either 39878 like me or some u told me u got 39600. You want to bit of profit at

$41142 which is 0.236 of the gfibs ill take a 20% it will reduce my position size

paste.pics/GNQQL

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or those who entered in the original band, You want to take exit the trade at entry and wait for a pullback test the top of the support band. You want to be drawing the support and resistance bands like me

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Utilizing different multi timeframes we can see consolidation.

paste.pics/GNR91

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20% take profit finally taken

paste.pics/GNT26

Position size reduced to 80%

Trade closed manually

All take profits taken, Looking to renter at 39576

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Market maker has entered into the market, therefore we must go to this price level or lower for him to make a profit.

paste.pics/GNUOM

We want to take see the trendline retested and hold

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Lets look at where we want to take reentry for maximum profits, We want to see this area tested and hold.

paste.pics/GNUS7

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Looking for a new reentry point

Trade active

Reentered 39775, test of the trendline

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Stopped out at entry

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Entry retaken 39400

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40400 Taking 50% of profit :)

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Take Profit 1 Hit-

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Take Profit 2 Hit

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Take Profit 3 Hit

Take Profit 4 Hit

Original stop Loss never touched, Multiple reentries and 7 take profits taken in total.

I hope you enjoyed this "Scalping tutorial"

Trade closed: target reached

Skywalker-thelastjedi

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Skywalker-thelastjedi