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Scalp

Sell off ScalpWe see continued rejection around 1.92800. Indicators are checking off for a sell off too next support line at 1.91100. MACD/SIGNAL have made a cross and are near 0 line breach. RSI is heading further into oversold zone. Overall strength and sentiment is in seller control as we are entering a crucial trading time zone (2am-3am) where we generally see big movement. TP at support line with stop loss above current rejection line. Please comment with thoughts and ideas. Thank you.
Short
by Pika7993
1
BITCOIN OR ANY MARGIN TRADED COIN - HOW TO SCALP TRADE Dear Traders and Hopeaholics alike, HOW TO SCALP LIKE A PRO - NO BOTS, NO SCRIPTS, JUST UNDERSTANDING HOW THE INDICATORS CAN BE USED. As the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) , you are NOT going to laugh at this strategy... BECAUSE USING THIS... YOU... YES YOU... will be laughing all the way to the crypto bank!!! HA HA HA... I hear you... this works! And the strategy is FREE, no paid course, and simple to use! WHAT YOU NEED 9 AND 21 EMA (EXPONENTIAL MOVING AVERAGE) 100 AND 200 MA (MOVNG AVERAGE) A MARGIN/LEVERAGE TRADED ACCOUNT. PAID TRADINGVIEW PREMIUM VERSION ALLOWS YOU TO SET AN ALERT ON THE CROSSING OF 9/21 EMAs - I HIGHLY RECOMMEND AS IT WILL PAY ITSELF OFF IN NO TIME!!!!! These trades are best on 15min chart as it gives stronger confirmation on the direction. They are also best when 100/200MAs are situated above or below the wave formation. When MAs are tight to wave formation there is a high risk of entering a scalp as the direction is uncertain. Always wait for confirmation of the 15min EMA indicator cross. YOU MUST USE A STOP LOSS!!!!! Scalp trades at any time are high risk as the market direction is not confirmed in correction zones. It is a way to make DOLLARS in an uncertain market, as you can see on the chart, trades are flipped LONG and SHORT as the EMAs cross. As explained and you can see in the example it is a higher risk when MAs are crowding the waves. Be careful of over-margining/over-leveraging your trade, as the margin for any error can be affected with any wave move. FOR BEGINNERS - I recommend commencing paper trading your entries and exits to gain confidence without risking your capital to commence with, we want you to be successful and making $$$ ************************************************ When trading, always know you are in control 100% as you are pushing the buttons, and it is YOUR money/cryptocurrency you are trading. BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!! SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS, BUT AT THIS STAGE I AGREE WITH ELON AND THINK WE ARE ALL HEADED TO MARS!!! ********************************************** If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns. So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED! And remember, there is NO RIGHT OR WRONG in trading - just money management! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not a financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3 THE ONLY WAY TO MAKE MONEY - IS TO MAKE YOUR OWN!!!
Education
by LisaNEdwards
80
BTCUSD Double Top Short OpportunityHello, everyone! Bitcoin is now in an established downtrend so as far as meaningful movements, we are only looking for shorts. $BTCUSD is testing a key S/R zone's lower resistance level for the second time, creating a Double Top formation. MACD Momentum somewhat supports large bear move in the hourly time frames. Expect to see price reach recent level of support. Post- Speculation: One price reaches this level expect a 50% pullback (of the size of the trade) at a level of support, then a trend continuation to the downside; looking to hit $42K, another major S/R zone.
BYBIT:BTCUSD.PShort
by antwangiovanni