Is Scalping even viable in Cryptocurrencies?

[bitgolden]

I currently trade on Foreign Exchange Market and my preferred style is always "Scalping" which involves fast execution, and gaining advantage from short price changes.Thus, I highly rely on technical analysis rather than fundamental. I just want to know if scalping is practical in the crypto world.

Right now, I am into scalping with dogecoins; it is really exciting and highly profitable. I am making use of simple technical as of now, I am just following 30 days moving average along one hour candle stick and time to time I will confirm my buying with four hour candle stick as well. When we are having confident about strong bullish market then I guess we can make use of any strategy as base trend will get you profits regardless of where you are buying or selling.

[1714826387]

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[1714826387]

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[Sliplop12x13]

I currently trade on Foreign Exchange Market and my preferred style is always "Scalping" which involves fast execution, and gaining advantage from short price changes.Thus, I highly rely on technical analysis rather than fundamental. I just want to know if scalping is practical in the crypto world.

Right now, I am into scalping with dogecoins; it is really exciting and highly profitable. I am making use of simple technical as of now, I am just following 30 days moving average along one hour candle stick and time to time I will confirm my buying with four hour candle stick as well. When we are having confident about strong bullish market then I guess we can make use of any strategy as base trend will get you profits regardless of where you are buying or selling.

That's a great strategy. Right now, I don't trade Crypto's because I am currently trying to understand the market's behavior. Usually when Scalping in Forex, I also use a 200 Exponential Moving Average to identify the current trend pair with the MACD indicator to measure the strength of a trend. I scalp on 15 minute charts for more entries.

[JoMarrah Iarim Dan]

Hello Everyone. I currently trade on Foreign Exchange Market and my preferred style is always "Scalping" which involves fast execution, and gaining advantage from short price changes.Thus, I highly rely on technical analysis rather than fundamental. I just want to know if scalping is practical in the crypto world.

I just discover scalping lately. I don't know but I like its way of earning in short term. Then I noticed one of my friend is doing this. I'm kinda curious so I asked him how does he make profit out of it. Then he said his target was 20% gain before going out the market. But there are times he holds the coin longer than he expected because of the unpredictable market. Stop loss is also not in his line. He sometimes earn, sometimes unexpected comes, sometimes lose. I guess the strategy itself is OK but requires much deeper analysis.

[Ararbermas]

If you are a scalp trader, it means you have to be monitoring the market at all times, because your profit depends solely on it. Scalping can be viable in trading if the amount you use in trading is really very large such that even your 1% profit is a good sum. If you however trade with small small amount of money, scalping might not be a very viable method to make good profit.

yup that's true its actually need more time to monitor the graph.. For me its like for day trading. But unfortunately here in crypto if you used to follow that scalping methods seems will not work because the pattern of crypto currency is different.. Perhaps yes there's an adjustment but i don't know if its accurate like other tools that almost can predict the movements of the candle sticks in the graph..

[darewaller]

I just discover scalping lately. I don't know but I like its way of earning in short term. Then I noticed one of my friend is doing this. I'm kinda curious so I asked him how does he make profit out of it. Then he said his target was 20% gain before going out the market. But there are times he holds the coin longer than he expected because of the unpredictable market. Stop loss is also not in his line. He sometimes earn, sometimes unexpected comes, sometimes lose. I guess the strategy itself is OK but requires much deeper analysis.

When you are good at deeper analysis of markets, then I guess you can go for any kind of short-term based trading. Because only for catching small trends, we must need to be highly skilled in technical analysis (for the same reasons we do not need of any technical analysis skill for long term holding).

Scalping will be good in cryptocurrency markets if you are able to continuously watching market and able to be trading for long hours along with good in technical analysis.

[rosebrand]

Well I think day traders are mainly scalpers because there don't stay long in the market, there jump in make some profit and there are out, to scalp you need knowledge of technical analysis so as to know when to jump in and out and also too be much more profitable you need a large capital so any slight movement fetches you a good profit, on scalping you need to be present watching the price movements so as to be able to execute trades as well but for me I prefer swing trade to scalping, because scalping requires time and focus and me on the other hand got a lot of things to do.

[conected]

it's viable but this is if you are up to grab thousands of the coins to which you also need to have more than millions of them. this is why doge was a good coin to trade back in the days when its price was less than a cent.

one could probably accumulate more millions of doge that time on the 5minute chart when you just know how to read the charts. but if you don't have enough capital to do this, might just do the leverage trading.

- My feeling about the leverage is a bad plan even if we adjust it to the lowest level, all the pressure to buy and sell does not make us safe, especially small coins like doge, it is really a kill of those who like to trade with the leverage, too little capital should not risk this way, we can follow the usual hold strategy, profits will also come in the most conventional way. For the scalping strategy in this market, it is only viable and the real potential when it falls into the right hands of professional investors and traders, they know how to read small charts and process data

[justdimin]

For the scalping strategy in this market, it is only viable and the real potential when it falls into the right hands of professional investors and traders, they know how to read small charts and process data

Yes, it is all about how effectively you interpret the small trend of market movements. This is the reason, we may not see many traders are profitable in scalping as it requires more in-depth knowledge about market and trend which is not an easy thing for naïve traders. So, only after gaining experience anyone may try going for scalping.

Scalping will be good in cryptocurrency markets if you are able to continuously watching market and able to be trading for long hours along with good in technical analysis.

If you compare scalping with long term holding then you may not prefer scalping as it involves lots of hassles. But, you can enjoy quick instant profits in scalping whereas long term holding will delay your party.

[LUCKMCFLY]

it's viable but this is if you are up to grab thousands of the coins to which you also need to have more than millions of them. this is why doge was a good coin to trade back in the days when its price was less than a cent.

one could probably accumulate more millions of doge that time on the 5minute chart when you just know how to read the charts. but if you don't have enough capital to do this, might just do the leverage trading.

- My feeling about the leverage is a bad plan even if we adjust it to the lowest level, all the pressure to buy and sell does not make us safe, especially small coins like doge, it is really a kill of those who like to trade with the leverage, too little capital should not risk this way, we can follow the usual hold strategy, profits will also come in the most conventional way. For the scalping strategy in this market, it is only viable and the real potential when it falls into the right hands of professional investors and traders, they know how to read small charts and process data

There is a type of scalping that is similar to what Jesse Livermore did in the 1800-1900s, which consisted of protecting his positions, currently I have seen this strategy which seems very reckless and aggressive, it consists of placing a position in "LONG "when it is determined that the price will move in that direction according to technical analysis, and is protected through a" leveraged short "in case the market turns against it.

The only advantage that this type of trading has is that it is in the market all the time, any movement can be taken advantage of, but the cons are that it must be on the PC very aware without moving, only very alert, of course these movements they are effective when done with a lot of money at stake.

[lixer]

The only advantage that this type of trading has is that it is in the market all the time, any movement can be taken advantage of, but the cons are that it must be on the PC very aware without moving, only very alert, of course these movements they are effective when done with a lot of money at stake.

But, I am not ready to consider the advantages we can enjoy with scalping but I do bother on what are the difficulties I may face if I choose scalping as my way of trading.

1. I am not ready to watch market screen all the day.
2. I do not want small profits even it happens multiple times a day.
3. Even I am good at technical analysis, I do not want to risk against bitcoin's volatility.
4. Multiple trades may lead to big exchange fees unless we are having top tier benefits in exchange fee structure.

I am comfortable with long term swing trading and as well with long term holding for years to get me decent profits after years long holding. So, scalping is not my cup of tea as of now. Probably in future if bitcoin market trades with less volatility, I may consider it.

[blockman]

Well I think day traders are mainly scalpers because there don't stay long in the market, there jump in make some profit and there are out, to scalp you need knowledge of technical analysis so as to know when to jump in and out and also too be much more profitable you need a large capital so any slight movement fetches you a good profit, on scalping you need to be present watching the price movements so as to be able to execute trades as well but for me I prefer swing trade to scalping, because scalping requires time and focus and me on the other hand got a lot of things to do.

It's very important that a trader that does scalping is active in the market and watches it from time to time. And you're right that day traders are also scalp traders because they're trading to make profits from day to day or even from hour to hour.
That's their strategy and if they've been doing that for a long time, they're really good traders and experienced.

[wxa7115]

Hello Everyone. I currently trade on Foreign Exchange Market and my preferred style is always "Scalping" which involves fast execution, and gaining advantage from short price changes.Thus, I highly rely on technical analysis rather than fundamental. I just want to know if scalping is practical in the crypto world.

This is a free market so any trading strategy works, the only thing you need to do is to adjust your strategy based on the differences between this market and other markets like the stock and the forex market.

The main characteristic that defines this market is its volatility, a scalping strategy can work but you will need to be more careful as it is going to be difficult for you to execute your trades fast enough as sometimes there are very extreme movements that happen in just seconds, so you need to either adjust your strategy to account for this kind of behavior or you are going to need to improve your execution.

[udidrone]

Hello Everyone. I currently trade on Foreign Exchange Market and my preferred style is always "Scalping" which involves fast execution, and gaining advantage from short price changes.Thus, I highly rely on technical analysis rather than fundamental. I just want to know if scalping is practical in the crypto world.

If you really can make profit and comfort, i think just use it. Scalping, day trading, mid term trading or holder, anything as long to make people harmed can be used in trading. Each people have their own way and not be a problem for others. Like me, i can't do day trading, or even scalping, and as long holding made me better, i choose holding as my trading strategy.

[jahepahit]

scalping involves you to be conversant with a particular coin movement and trade it on lower time frame. in this case you have to stable and fast in trade because of volatility and use stop loss.

[awik p]

Hello Everyone. I currently trade on Foreign Exchange Market and my preferred style is always "Scalping" which involves fast execution, and gaining advantage from short price changes.Thus, I highly rely on technical analysis rather than fundamental. I just want to know if scalping is practical in the crypto world.

If you really can make profit and comfort, i think just use it. Scalping, day trading, mid term trading or holder, anything as long to make people harmed can be used in trading. Each people have their own way and not be a problem for others. Like me, i can't do day trading, or even scalping, and as long holding made me better, i choose holding as my trading strategy.

the main purpose of trading is profit, and everyone has their own style, as long as they are comfortable using it. but for beginners I suggest not to use scalping right away, because it takes up time, thoughts, and psychology. we have to be patient to reach that level, and most importantly practice continuously

[FanEagle]

the main purpose of trading is profit, and everyone has their own style, as long as they are comfortable using it. but for beginners I suggest not to use scalping right away, because it takes up time, thoughts, and psychology. we have to be patient to reach that level, and most importantly practice continuously

Even scalping requires lots of your efforts, there will be no guarantee to make profits consistently out of scalping. That is the big problem with all kind of short-term based trading strategies. I never recommend scalping for any trader regardless of their level of experience in cryptos because I have seen even professional traders are not going for scalping due to its high levels of risks.

Moreover scalping can be good for traders in the case of they are trading along with bots or having strong analytical skills. As of now I'm not into any kind of short-term trading but only long-term holding.

[wxa7115]

the main purpose of trading is profit, and everyone has their own style, as long as they are comfortable using it. but for beginners I suggest not to use scalping right away, because it takes up time, thoughts, and psychology. we have to be patient to reach that level, and most importantly practice continuously

While it is obvious that the goal of every single trader out there is to make a lot of profits at the same time they can pick one of the many methods that exist and select the one that makes the most sense to them according to their level of experience, skills and personal preference.

But of all the trading styles scalping is probably the most difficult to execute correctly in this market, the sheer speed at which this market moves makes it almost impossible to execute the strategy in a correct manner and it would be better for traders to use another strategy or to create a bot that trades for them.

[cryptolord2077]

Of course, scalping in cryptocurrencies is not much different from scalping in forex. The main difference is that you have to focus on slightly different indicators and trend lines.
However, in general, cryptocurrency is even more volatile than the stock markets, which means it can be scalped more actively due to the great opportunities.

[dunfida]

Of course, scalping in cryptocurrencies is not much different from scalping in forex. The main difference is that you have to focus on slightly different indicators and trend lines.
However, in general, cryptocurrency is even more volatile than the stock markets, which means it can be scalped more actively due to the great opportunities.

Based up with some observation about technical indicators which is gradually tending to be more effective than in previous years which does indicate that there are more traders that
do really make use of this thing but it doesnt still give out the guarantee that it could really be precise. Scalping is the most  riskiest move to be done since you would be need
to deal with moving price on an active manner unlike when you are just holding off your coins and wait up for some movement or chance to profit for you to sell.

[nurilham]

I have been using scalping, it is wort to apply on crypto daily trading. But you must know when to use it and what crypto coin better to choose. I noted not all crypto coins can use scalping, some crypto coins are not effective to trade with the scalping method. I usually buy an altcoin with high volatility and move the price fast daily.