Bitcoinscalp
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 65% chance Bitcoin will Fall from our current entry point.
📉 SHORT BTC - Entry Price : $23,220 📉
💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $600, and a minimum expectation of $200.
🕰️ Duration of trade: we are expecting this to occur within 4 hours of this signal, with a maximum duration of 6 hours .
We would ideally like to exit this trade prior to U.S. markets opening. But if the SP & Dow appear to open negative then we wouldn't mind holding it. Also, if European market close poorly, then that could help indicate the US markets might not be strong.
$BTC Re-Entry at 50602After some analyization I still see it bullish, I just got knocked out of my last trade for entering late and putting my stop loss above my entery after hitting my TP 1. Same Take Profit Objectives. 48775 Stop loss. Scalping along the way through this CFD whuile protecting profits. I fully expect it to possibly reach 50,275 as a low. POSSIBLY 50,100. Anything Lower and I may bail on the trade. COINBASE:BTCUSD
An Explanation on BTC/USD for Scalp TradersI understand many of you must be fascinated by all the log charts and crazy $200k/$300k targets on bitcoin. But let's also not forget about the other side of trading. You don't need the price to go from $40k to $400k to make a 10x in profits. You can also see the price going from $40k to $45k and achieve that, as long as you manage to buy all the little downward motions and sell on the little upwards motions.
Scalp trading can still be super successful, and also allows you to get returns on sideways or downwards parts of the price action. In this idea I will show how to use the channel to get a nice scalp trade in.
BTC never goes up in a smooth uptrend, there are always little movements we can detect. In this case we can see in the channel that near the top resistance line BTC often takes a small hit and retraces. Whenever BTC reaches the bottom support it continues its uptrend again.
Now that we've just seen a confirmation on the bottom support line, it's time to buy and hold towards the top resistance.
We're looking at a 10%+ trade opportunity here just following the channel over a span of about 10 hours.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
30minute is bullish on sequential but........Bullish on the scalp 30 minute time frame but that doesnt mean we couldn't drop 50-100 bucks before we continue higher, I believe we test the topside of the range again, 19600 is the target for now.... will update....
FYI IM NOT NO ROOKIE, THIS IS MY NEW PROFILE! FOLLOW ME
Scalping BITCOIN with Williams%+EMACryptohopper Newsletter
Market Analysis
After a very large bullish move around a week ago, Bitcoin has been ranging between $9,500 and $8,500. The price now appears to be testing the resistance at $9,500 again, and whether the price will achieve a breakthrough or not is still an open question.
Usually, we are told that we should not trade during ranges and that we should only trade when there is an established trend. Although there is a lot of truth to these statements, one can still make a profit by scalping the ranges . Today, we will therefore take a look at how you can use a scalping strategy and profit during a range!
Indicators
Choosing the right indicators is an essential part of an automated strategy, and a scalping strategy is no exception! This week we are looking at how to combine William’s % and the Exponential Moving Average crossover in order to get a solid entry point.
William’s % serves as a great indicator in identifying pullbacks in the market. However, as we know very well, this indicator can be oversold for a very long time, and it can take a long time before the market recovers again. Thus, we need a trend-following indicator to identify when the trend has reversed and is moving higher again; the Exponential Moving Average is an adequate indicator to use in this case.
In our strategy, we will use William’s % as the first requirement for entry. Then, we will use the crossover between the 1 EMA and the 15 EMA as our second requirement. As you may have noticed, the probability that these two indicators provide a buy signal at the same time is very low. As such, we can use a feature in our strategy section in Cryptohopper which lets us keep a certain signal for up to 10 candles. Therefore, if Williams % showed an oversold signal, and a few candlesticks later we would see the crossover of the 1 and 15 EMA, our hopper would still make the trade.
If you want to be conservative and make sure you are only trading when the broader trend is in your favor, you may want to add the MESA indicator on the 4h time frame while keeping the EMA and William’s % on the 15 minutes timeframe.