Is Scalping even viable in Cryptocurrencies?

[livingfree]

in the world of crypto scalping is very practical, and very easy to apply, but indeed technical analysis only works 60%,
the rest is about news, FOMO and FUD, if you can read technical analysis of course why not try it?, try it,
you can trade on good exchanges like Binance or Bitfinex, there you will be comfortable to trade

Not easy.

I've done it and you need to be experienced in doing so. Not having the experience of doing it before and without several tests to commit a perfect trade in scalping, you'll not be able to say that it's easy.

Those indicators of news and FUD are really going to play a big factor for your decision making because it affects the market and the coin you're scalping.

[1714902053]

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[1714902053]

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[1714902053]

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[1714902053]

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[Woodie]

Trading is the same whether currencies, metals or crypto has you have put it,and for you to be a profitable trader you need to know what affects it...news and all that.

Once you have this information your trading system has to be one you have used before, you know what manipulation looks like on the chart and all that then you can scalp away.

[iv4n]

Trading is the same whether currencies, metals or crypto has you have put it,and for you to be a profitable trader you need to know what affects it...news and all that.

Once you have this information your trading system has to be one you have used before, you know what manipulation looks like on the chart and all that then you can scalp away.

Trading is the same, but in crypto, volatility is a lot higher! And crypto is growing every once in a while... so that high volatility, with the fact that some coins are reaching new ATH prices every few years, making crypto to be traders dream! You can literary apply so many trading strategies, because the price is making crazy moves, sometimes on a daily basis!
Of course, crypto is great for other reasons as well! But I think here is the point about how can you trade with crypto, and I believe if you have some skills and patience, you can make a nice profit with any strategy!

[Inspiron14]

scalping is profitable, and very fun, but it's good to do it in the forex market, not in the crypto currency market,
because 2 years of experience playing scalping in the crypto world still can't understand the market, b
ecause high volatility makes profits inconsistent, but it only took me a few months to be consistent in the forex market, and this is the difference!

[jambul_kribo]

Trading is the same whether currencies, metals or crypto has you have put it,and for you to be a profitable trader you need to know what affects it...news and all that.

Once you have this information your trading system has to be one you have used before, you know what manipulation looks like on the chart and all that then you can scalp away.

but in scalping it focuses more on technical analysis, so it is more concerned with indicators or support and resistance. in forex we may have to anticipate news hours, but I don't think this is true in crypto trading. because news seems unscheduled like forex trading

we havent regular news in any hours , everything realeased suddenly so we will see spike candle. scalping in crypto market will not different with in forex market, as long as we could identify valide support and resistance we will find good opportunity to earn profit. if we find sideway market , in my opinion its better .

[AakZaki]

Very high cryptocurrency price fluctuations make profits can be obtained quickly and vice versa. There are many strategies that can be applied in crypto, especially scalping which is very profitable if you are able to apply scalping techniques properly and correctly. It takes chart reading to enter and exit the market. Scalping will provide instant profits and is done repeatedly. Take as little profit and as often as possible. scalping can be applied in 1M-5M Timeframe.
but it should be noted, scalping also has a risk of failure. the need to learn about technical analysis to avoid losses and be able to read market conditions correctly

[unusualfacts30]

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 haven't found scalping in crypto to be much helpful. In forex you have ability to sell large chunk at preset price without compromising your order by selling in small pieces. In crypto, order book is filled with small orders and there is large fluctuation in price and you lose some of your investment in fees even while scalping.

Start with small amount to see how it goes.