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Scalping

Scalp Peak Formation on ETHEthereum has risen above 1300 which is a key whole number. We will see a lot of manipulation in this zone and we can try to take advantage of it. Many traders will have placed orders to go long whenever the price of Ethereum goes above 1300. Those orders have now been triggered, traders will likely get trapped and they will not be released for quite some time. This presents us with an opportunity to scalp the formation of a double or triple top in this area. I believe this is the peak of level 2 on the 4hr chart and level 6 on the 1hr chart (wave 2 and wave 6 if you prefer). The market maker algorithm usually only paints 3 levels on the 1hr chart so that's why I am confident that they will now go into a peak formation. We have no way of knowing how long this will take, so I won't waste my time trying to predict the timing - it's enough to have an understanding of what is likely to happen and prepare accordingly. If you are in agreement with my idea then you can trade the drop of the first leg down. The yellow lines on my chart are levels where they may potentially bounce and start the first leg up. If they are not yet done with this very strong push higher then price may not even drop as low as my first yellow line so please be prepared for that scenario. We know that the market maker algorithm uses mean reversion and that is basically what we are trading here. Price would normally come back to the 50 MA on the 1 hour chart but after such a strong move up I would expect mean reversion to take price below the 50MA, below the 100MA and probably all the way to the 200MA. Keep an eye on those moving averages for potential bounces and I will update this idea as things progress. If it is too early for mean reversion then we can re-evaluate this idea after the next leg up.
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by ScalpWthMe
2
High BITCOIN network activity (Correction)Hello Traders As you can see in the chart above price had a bullish momentum; in the past week, Dollar Index had a death cross and decreased, which can sustain this bullish movement of bitcoin. On the Onchain side, I screenshotted a metric from Glassnode called Net realized Profit/Loss, which is the net profit or loss of all moved coins. The metric value has decreased drastically, indicating a bullish price move. Massive on-chain activities showed that old wallet had also moved their bitcoins in a loss. Indeed, there is a risk of volatility for the price, but I can see a correction before the continuation of the price, and I believe price can see higher prices. Note that this is an Intraday analysis and is only valid for a couple of days or even hours. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the boost button and follow me so you will get the updates. The information given is never financial advice. Always do your research too. Good luck.
by Crypto_MD
5
DODG - Golden Cross! DODG daily chart with a recent Golden Cross. A potential break-out is on deck which - looking very bullish for the dogecoin. Fisher (DW) trending bullish and looking similar to the big run up in early 2021. Price is getting support from the 50-day MA, MFI trending bullish, and the RSI is currently still above 50. Also, lots of high volume support at/near the current price from the 2021 run-up. OBV remains pegged on longer term timeframes. Good low risk entry. Adding a little more now - and will look for an actual breakout and confirmation to add more. Scalp trade. NFA.
BITTREX:DOGEUSDLong
by Akksujean
2
Bitcoin Day Trading Setups, Scalping Entries🖥️ We have determined there is a 75% chance Bitcoin will RISE from our current entry point. 📉 LONG - BTC : $16,605 📉 💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $350 - minimum expectation $175. 🕰️ Duration of trade: we are expecting a possible fast spike going up 150-200pts, then BTC to makes its way up to the prior level 16.85-17k by market close Friday. 📊🖥️ INDICATOR SHOWN ON CHART : Scot Signal Indicator
Long
by VirlVideo
1
EURUSD 2nd Jan 2023 Analysis EURUSD really looks stable in the coming days. What we have observed here is every single day it is trying and most of the times it has broken the previous days high. Following are some of the datas :- * 20 Dec - DH 1.06588 , DL 1.05793 * 21 Dec - DH 1.06458, DL 1.05902 * 22 Dec - DH 1.06599, DL - 1.05774 *23 Dec - DH 1.06328, DL - 1.05733 * 26 Dec - DH 1.06348, DL - 1.05989 * 27 Dec - DH 1.06696, DL - 1.06114 * 28 Dec - DH 1.06747, DL - 1.06115 * 29 Dec - DH 1.06909, DL - 1.06067 * 30 Dec - DH 1.07134, DL - 1.06387 For 2nd Jan 2023 - below are some of the important levels :- R 4 - 1.07051. S4 - 1.06178 R3 - 1.06834. S3 - 1.06399 R2 - 1.06758. S2- 1.06470
Short
by karanstrading
2