Post
Topic
Board Trading Discussion
Re: Is Scalping even viable in Cryptocurrencies?
by
bitgolden
on 06/05/2021, 09:39:17 UTC
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.