Trading on Multiple Bitcoin Charts Scalping Strategy
1 Minute Scalping Strategy Tutorial
Scalpers
This group of traders holds on to their cryptocurrency trades for only a few minutes. The bitcoin trading scalper never holds on to a trade for more than ten minutes. With the objective of making a small amount of pips as profit, 5 - 20 pips.
A Scalper using 1 minute crypto chart time frame wants to go long, checks 5 minute crypto chart time frame, which looks like the one below, since 5 minute crypto chart time frame show bitcoin trend is going up, then decides from this chart technical analysis it's okay to buy.
Chart Time Frames - 1 Minute Scalping Strategy PDF - 5 Minute Scalping Strategy - Crypto Trading 15 Min Scalping Strategy
Traders using technical analysis use cryptocurrency charts to try and attempt to predict the movement of bitcoin trading price on the bitcoin charts.
Bitcoin Trading Scalping traders will sometimes use two or more crypto chart time frames so as to determine the long term bitcoin trend & short term cryptocurrency trend.
How to Define A Crypto Price Bitcoin Trend for Scalping Bitcoin Trading
Using a cryptocurrency trading system that has 3 indicators - Moving Average Crossover System, RSI & MACD & using simple rules to define the cryptocurrency trend. The trading rules are:
Upward Bitcoin Trend
Both MAs Moving Up
RSI above 50
MACD Above Center line
Downward BTCUSD Trend
Both MAs Moving Down
RSI below 50
MACD Below Center line
Multiple crypto charts time frames analysis equals using 2 chart time-frames to trade cryptocurrency trading - a shorter one used for trading & a longer one to check Bitcoin trend - chart time frames that you choose for trading bitcoin price action with will depend on the type of trader you are: for Scalping Traders the chart time-frames used for trading will be example of 1 minutes crypto chart time frame and 5 minutes bitcoin trading chart timeframe.
Since it's always good to follow the bitcoin trend when bitcoin trading scalping, in Multiple Time Frame Analysis, the longer 5 min chart timeframe gives us the direction of the long term bitcoin trend when scalping using 1 Minutes Bitcoin Chart Timeframe.
