Assuming this channel holds, there are some nice scalps to be had a long the way. As long as we don't break, I will play the incoming long and add to my position on retracements. I expect a fairly sleepy weekend until we break above the 312 hour EMA and then rebound off of it to exit the channel.
Dogecoin recently broke out of the bullish channel and now we can see a smaller correction which we anticipate would move up. Waiting for the break of the correction to enter with stops below the correction.
See chart update for higher timeframe analysis.
Orders are set :D Prices in chart. This can be good scalp trade if we break ~38.5$ resistence with solid volume... Do not hold this position too long. Allways use stop loss!!! especially in this market.
If you're like me, you're waiting to scale back into BTC and ETH, and are trying to take advantage of the recent volatility with some short term trades.
One way to kill 2 birds with one stone is by trading ALT / BTC pairs. Not a bad way to accumulate on the way down, if you can time it right.
BTC loves to do the opposite of what you and the rest of the herd...
As per our previous analysis of EURUSD above, it hit both TP.
Now looking at the market, it's very hard to predict direction.
But for scalpers, we will advise looking for consolidation and divergence then only take Retracement long.
If you like clean analysis like this...
Scalping strategy working timeframe not lower 5M (15M,30M) gives 20-25 signals per working day on average.
is in currency pairs EUR-USD , GBP-USD , USD-JPY , EUR-NZD , BTC-USD . and other currency pairs
Expiration time 5 min (1 candle) in more detail in the description of the script.
Wishing to test strategy write in personal messages.
below is an example for 5m...
NOT TRADING ADVICE:
So I decided to mess around with a few indicators to see how easy it would be to scalp small price movements Using Thunder cloud Suite and Over Bought/Sold indicators. This works on pretty much any Time Frame, but is generally intended for shorter time frames like 1, 5, 15 minute. Obviously the more volume (money) you have the more beneficial....
In the meantime we can see that BTC is forming a larger triangle, in which we can expect shorter ABC swings.
What is happening?
As expected BTC bounced from our buy level. A potential inverse head & shoulders pattern is unfolding. If this pattern confirms, we can expect price to re-test the upper trend line of the triangle, because it is also the...
We've seen an absolutely perfect hit on TP1 and TP2, if we see strong resistance on the 0.382 ($39,135) or 0.618 ($39,662) of the retracement levels we will be taking our final short since a possible reversal to the upside might be coming after we finish the last wave to the downside (short-term day-trade)
I’m still holding on Gold from last night’s trade, although I got in early. I haven’t hit my target area to TP yet, that 2 zones up. So I was RED when it dipped more but I just held on because that’s how Gold moves I’m still trying to figure out a lot of things. Now it retraced and I was red again. So I had to use my fib tool to know where I am now in the market...
Good afternoon traders, first of all please get this technical analysis to 30+ likes to unlock tomorrow's alpha post 👍
Market structure suggests we probably retest $36,222 in the near future, after that I'll be taking time away from the charts and madness to relax my mind after the weekend and will sit in USDT. (85% USDT, 15% BTC)
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