NEO Cryptocurrency Strategy – Scalping with BB and AO

bitcoin trading scalping

The bitcoin markets have been on fire recently, creating the perfect storm for intra-day trading. Last weekend I spent two solid days scalping the volatility and doubled the size of my trading account. This is a strategy that requires practice and precision. Scalping consists of taking multiple trades on smaller price movements. If you trade on an exchange with high fees it will be difficult to make a return because the fees can quickly eat into your capital.

Using leverage allows you to increase the size of your trades and take a position on any side of the market. Personally, I really enjoy using BitMex because they offer x50 leverage and low fees.

Market takers pay 0. Scalping bitcoin only really works during optimal conditions of volatility. I like to scalp high volume breakouts, breakdowns and retracements. The reason for this is that the markets are moving in a clear direction with fast price gains. The biggest mistakes some traders make is to try and scalp choppy market conditions. Scalping is a skill of precision and it takes practice to develop an instinct for how the markets move.

There are no short cuts and new traders often make the mistake of trying to get fast easy money. Patience and perseverance is the way to cultivate true mastery of any skill.

We all make mistakes during the learning process so you want them to come with a small price tag. Once you develop confidence you can start to increase the size of your trades.

You can only build confidence through direct experience via practical application. It also helps to have mentors and to be part of a community of professional traders. These are some basic tips to help get you started and I also share specific scalping techniques live in our trading room. If you would like to learn more about scalping and other trading strategies then feel free to take our course and join our professional team of traders.

Author Recent Posts. Rocky is a cryptocurrency analyst, strategic consultant, educator, position trader and investor. He started his journey learning about Bitcoin in , became obsessed with it and dropped everything to work full-time in the space since Next post Minds Panel: The Crypto-economy.

bitcoin trading scalping

What is bitcoin?

Jake May 3, at PM 0. Is it possible to apply the Forex trading strategies, such as scalping, in the cryptocurrency market? This is the main issue of this article. First, we need to understand that scalping is used in an intraday trading. If the trader managed to determine the click of a new upward trend, he may decide to spend more time in the market. Bitcoin trading scalping suits for those who prefer raking in small profits and attach a stop-loss to every opened position. As a rule, using scalping, traders take frading with at least a movement of pips.

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bitcoin trading scalping

Scalping Bitcoin on Intra-day Trading - Crypto Hustle

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Apply crypto scalping on 25+ exchanges

This brings us to the next important step that we need to establish for our day trading cryptocurrency strategywhich is where to place your protective stop loss. It is quite a nervous business - you hrading to constantly monitor the price, predicting it during the day in conditions of high volatility is very difficult, so if you bitcoi a beginner, it will be easier to start with medium-term trading. If you do lose some, it comes from your profits before eating into your initial investment. Scalping is a skill of precision and it takes practice to develop an instinct for how the markets. A cryptocurrency swing trader could hold their source for some time, while a scalper is ready to dump them as soon as possible. Search Our Bitcoin trading scalping Search for:. Last but not least, we also bitcoin trading scalping to define where we take profits when trading NEO coin. I agree. To leave a comment you must Log in or Join us.

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