Is Scalping even viable in Cryptocurrencies?

[ubercool]

Scalping is viable in cryptocurrencies. It's risky and you might lose more than what you can earn but it is possible. The market is continuously fluctuating here with one or the other fuds and fomos coming around everyday. If you're fast enough and get the news before a large group of people then you're bound to make a profit in scalping.

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[iphone5s]

Scalping is viable in cryptocurrencies. It's risky and you might lose more than what you can earn but it is possible. The market is continuously fluctuating here with one or the other fuds and fomos coming around everyday. If you're fast enough and get the news before a large group of people then you're bound to make a profit in scalping.

Agree, Scalping can be used in Crypto nowadays but the high risk to be taken is the best way for you if you want to use Scalping. With high risk as well as an advantage that is not surprising at all because the price chart is not optimal due to monitoring at a fairly low price. But if someone is focused on just seeing the movement then it's time to try it out.

[pawanjain]

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.

Scalping is a good way to gain profits from short term price fluctuations. Scalping needs some good fluctuations and crypto market is known for that.
But the thing is that you will have to be really good at it and determine your strategy from various timelines.
It's a little difficult to predict in which direction the crypto trend might go.
You can keep monitoring the current crypto market and see if your strategies are working well for you by putting in a very little amount.
Practice for a while and see if it's good for you and then you can decide how to proceed.

[Fredomago]

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.

Scalping is a good way to gain profits from short term price fluctuations. Scalping needs some good fluctuations and crypto market is known for that.
But the thing is that you will have to be really good at it and determine your strategy from various timelines.
It's a little difficult to predict in which direction the crypto trend might go.
You can keep monitoring the current crypto market and see if your strategies are working well for you by putting in a very little amount.
Practice for a while and see if it's good for you and then you can decide how to proceed.

You need to engaged yourself in this kind of strategy, scalping is good if you are very familiar with certain events. Crypto market is a well known place for high volatile movements.

Earning is very possible using this method if you know how to position yourself, timing is very important and it can be gained by keep practicing.

Small amount of losses but the learning that you gained is well enough to comeback much better day trader, all depends from you.

[Quidat]

Scalping is viable in cryptocurrencies. It's risky and you might lose more than what you can earn but it is possible. The market is continuously fluctuating here with one or the other fuds and fomos coming around everyday. If you're fast enough and get the news before a large group of people then you're bound to make a profit in scalping.

Agree, Scalping can be used in Crypto nowadays but the high risk to be taken is the best way for you if you want to use Scalping. With high risk as well as an advantage that is not surprising at all because the price chart is not optimal due to monitoring at a fairly low price. But if someone is focused on just seeing the movement then it's time to try it out.

Scalping isn't something simple that everyone could able to do so because dealing with moving prices in active manner isnt simple as it sounds.Lots had tried but only a few would able to survive.This is high risk but once you do take a grasp then it is worth it.Even myself still struggling on doing this kind of method of  trading thats why im sticking with swing and a little bit of hodling on some coins which seems to be worth.

[Johnyz]

Scalping is viable in cryptocurrencies. It's risky and you might lose more than what you can earn but it is possible. The market is continuously fluctuating here with one or the other fuds and fomos coming around everyday. If you're fast enough and get the news before a large group of people then you're bound to make a profit in scalping.

Scalping requires good skills in monitoring the market and its rewarding as well especially if you manage to get in and out as early as possible to secure your profit. I see the success of scalpers on many shitcoins in the past days, that could be the new place for them to make profit.

[TimeTeller]

Scalping is viable in cryptocurrencies. It's risky and you might lose more than what you can earn but it is possible. The market is continuously fluctuating here with one or the other fuds and fomos coming around everyday. If you're fast enough and get the news before a large group of people then you're bound to make a profit in scalping.

Scalping requires good skills in monitoring the market and its rewarding as well especially if you manage to get in and out as early as possible to secure your profit. I see the success of scalpers on many shitcoins in the past days, that could be the new place for them to make profit.

Indeed! Scalping with memecoins these days will turn to be a profitable one to many traders.
However, they need to be smart about it, else, they will be rekt by these coins.
As this new memecoins are going to be a hype for quite some time, users should remind themselves that this will not be long.
So as much as possible, they need to get out once they are already in profit.
Projects like this can go down hard very easily. And the respective dev team can disappear anytime.

[dezoel]

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.

Yes man, scalping works very well in the cryptocurrency market, same way that it also works in forex trading and the stock market. And also you're right, mostly what you need for scalp trading is technical analysis, because what you're doing is that you're trying to be taking profits from every small move the market makes. But there are still times that fundamental analysis can come into play and help you profit from cryptocurrency as well.

Although fundamental events are not things that happens immediately, but this analysis is going to play a part in helping you make the decision for your next coin to trade. So it's good to have an understanding of both and know what to watch out for, that way you can profit from both ways, it's really important. This shouldn't really be a question for you since you have said you're into this type of trading. That's not what I am into, I am mostly a long term trader.

[TheGreatPython]

Scalping is viable in cryptocurrencies. It's risky and you might lose more than what you can earn but it is possible. The market is continuously fluctuating here with one or the other fuds and fomos coming around everyday. If you're fast enough and get the news before a large group of people then you're bound to make a profit in scalping.

I don't think that is right because in cryptocurrency any token can move in any direction and all the analysis you do can mean absolutely nothing because there are still big whales in the market and no matter what you predict and analyze they can always turn the tides. Such techniques are more viable in the stock market where the stocks will not be manipulated and the market volume is enormous. Crypto trading is more suited for high-risk and high reward kind of traders.

It's a little difficult to predict in which direction the crypto trend might go.

It's not little but absolutely impossible to predict the market movement because of the nature being decentralized anyone can manipulate the market without being identified. I don't have a problem with the market being so volatile but it is impossible to predict the price of almost any token. For long term you can easily predict but short term no way.

[iphone5s]

Scalping is viable in cryptocurrencies. It's risky and you might lose more than what you can earn but it is possible. The market is continuously fluctuating here with one or the other fuds and fomos coming around everyday. If you're fast enough and get the news before a large group of people then you're bound to make a profit in scalping.

Agree, Scalping can be used in Crypto nowadays but the high risk to be taken is the best way for you if you want to use Scalping. With high risk as well as an advantage that is not surprising at all because the price chart is not optimal due to monitoring at a fairly low price. But if someone is focused on just seeing the movement then it's time to try it out.

Scalping isn't something simple that everyone could able to do so because dealing with moving prices in active manner isnt simple as it sounds.Lots had tried but only a few would able to survive.This is high risk but once you do take a grasp then it is worth it.Even myself still struggling on doing this kind of method of  trading thats why im sticking with swing and a little bit of hodling on some coins which seems to be worth.

Even though it sounds very difficult to make something profit, people still try it even though they already know the information about the difficulty of scalping. You can be an example to keep doing it even though the risk is too big to be taken. That is the principle of humans who have been told about the big risks before stepping, but humans still try even though the percentage of success is very small. But if you already feel a loss in yourself, you just stop or leave the thing.That was the high level of curiosity.

[perfect999]

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.

That's right and usually for scalping the best possible coins are those which are at least among top 100 in the CMC. With low-ranked coins you are always at the risk of losing everything. For example someone might apply scalping on shiba token which recently gained a lot of growth but it is risky because such tokens are meme and might become dust any moment.

Scalping or low margin trading is easier when you do it with dominant pairs like BTC-USDT. Recently when Elon musk made a tweet that Tesla will no longer support crypto payments for their cars, you can use such an opportunity and sell the BTC at market price because such news will temporarily bring the price of bitcoins down for sure.

[apityeh71]

In my opinion for crypto trading, we should be more focus how to determine the trend of market and fundamental of crypto. In bullish season we can make like 10-20x profit only for holding for afew month, so why we spend alot of time for scalping if we possible to gain bigger profit only for hold for afew month. This way is free from stress and tired. We can do scalping if we trade on futures market or margin trading but the risk is higher.

[imstillthebest]

so you wana try to trade in crypto ?
 good but i think theres no big difference in trading a crypto from other trading markets because the basic objective here is to buy low and sell high to be able to earn a profit .
you perform much better if your a fast moving trader because some coins could dump and pump verry quick and most traders here can easily benefit from the low price than when the price is high . using one kind of analysis is better than not using any at all but you can learn the other one if you think this can improve you

[DaC0nsumeR]

What's the most distinctive aspect or even indicator for scalping TA?

[kesmex]

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.

oh of course it is very practical, because scalping can make you get profit on a daily,
but for the spot market scalping cannot be done continuously, because we have to look at the market situation first,
play on Binance futures, then you can scalping on a daily with minimal capital.

[PrFen]

I have experience in scalping cryptos, especially BTC. I can say you should NOT use leverage higher than 20x (if you are experienced, otherwise do not do this at all) and should not risk more than 1% of your capital per trade, or 2-4% of your capital if you do hedging at the same time on another account. However, if you hedge on another account, you should know when to start hedging (otherwise you will unnecessarily cut your profit or even make a loss), how to scale your both positions to get a profitable distance of the entries in each position and a few other things. I can't explain in a few sentences as inexperienced traders would still fu*ck up this, and experienced ones will know what I mean or will get an idea and figure it by themselves.

I used to use the leverage of 50x and was doing great (in normal days, including the days with high but normal volatility). However, when the idiot (Musk) starts his Twitter BS then you lose your position if you are on the wrong side as in such cases (when the price move 3% or more percent in a few minutes) you can't protect yourself in time when trading with 50x leverage. So remember, DO NOT USE LEVERAGE ABOVE 20x (if you are an experienced trader, otherwise avoid scalping crypto or use max 5x leverage and have a good risk and money management).

Regarding stop losses. There are a bunch of advice that you should always use the stop loss, even that it should be tight. Well, some wannabe traders copy/paste trading advice that they found on the Internet without realizing that those advice was written many years ago and mostly for some low to medium volatile markets, definitely not for BTC and other cryptos. If you plan to scalp crypto and use tight stop-loss then good luck as you will most likely be kicked out of your position even before the price action has started. I should mention that after you are out you will then see the price move in your predicted direction. Then you will try to reenter and will experience the same thing. After a few hours you will realize that you lost a few % of your capital only on your stop losses that should protect you, not harm you. The solution is to learn how to trade properly, when to enter and when to exit, where the price could possibly retrace after your entry (that will still not be dangerous to your position) and till where you may scale, when it is reasonable to stay in a position that is in loss and open another hedging position and when you must exit right away without trying to save/protect your position in any way etc. However, do not avoid SL totally. Use it at a fair distance of your entry, closer to your liquidation price than to your entry. Instead, use proper money management. Regarding liquidation price, beware that when the price start movinge widely some platforms will have a huge distance between the mark price (the one that usually activates liquidation) and the last traded price. I have seen the distance of even cca 3% of BTC price. That is rare in general, but not so rare in the moments of wild price actions. These days it could happen again anytime.

I personally use several accounts at the same time. One is my main account and I use it for a combination of day trading and scalping, the other is for hedging, the other is for quick scalps only and one is for swing trades when I am confident in a bottom or top. The leverage is not the same on each account, neither does the amount I use. When I trade, I do monitor the market constantly. That is my personal strategy that works for me, but you should not copy it if you are not used to it and don't know to read the market properly (and are not able to monitor the market for hours and updating your turbo short-term TA a few times per hour) as it is not loss-proof. I still lose sometimes, but in general is good and much better than when I used 50x leverage (as then I had some big losses and now I am preventing them). However, trading is risky in any way, so beware

[PrFen]

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.

oh of course it is very practical, because scalping can make you get profit on a daily,
but for the spot market scalping cannot be done continuously, because we have to look at the market situation first,
play on Binance futures, then you can scalping on a daily with minimal capital.

I personally like EMA 20, 50 and 200 and watching for crossings. I also like RSI, stochastic, TSI, MACD and even CCI. I have my own adjusted settings on each of them. However, you must watch for the candlestick patterns, key daily and local levels, chart patterns (local and daily, sometimes even the longer ones as they are coming near to activation/execution), potential breakouts (small local ones and the stronger ones) etc., all at the same time. Only EMA, MACD, RSI or any other indicator could easily fool you and make you lose. Day trading (including scalping) looks easy, but is actually pretty hard and even a long streak of profits (especially when if beginners get lucky which is not rare) could be quickly wiped out if you are not extremely disciplined and careful and especially if you do not know what you are doing.

[AakZaki]

The use of technical analysis is very useful for scalping cryptocurrencies, because scalping requires reading charts and candles to determine the right exit and entry to profit. The scalping method is very good for those who cannot hold crypto assets for too long and want to get fast results.
I also like scalping methods with small but frequent advantages.
if the capital is bigger, the more profit will be obtained.

[andriarto]

The use of technical analysis is very useful for scalping cryptocurrencies, because scalping requires reading charts and candles to determine the right exit and entry to profit. The scalping method is very good for those who cannot hold crypto assets for too long and want to get fast results.
I also like scalping methods with small but frequent advantages.
if the capital is bigger, the more profit will be obtained.

for those who are experienced in trading, scalping techniques are perfect for those who want to get results quickly but can be done many times in a short time. but for beginners scalping is not an easy way, because they must be accustomed to receiving profits and not being greedy, and must be able to accept losses if the analysis is wrong. it sounds simple enough, but not necessarily everyone can accept loss with discipline

[ilovealtcoins]

The cryptocurrency market is highly volatile so Scalp trading is completely applicable. You can participate in bottom fishing when the market crashes because they happen very quickly and the profits are very good. The strong volatility of the market requires you to have constant observation and place limit orders to take profits, cut losses reasonably to avoid the risk of loss in trading.