Quote from: kesmex on May 27, 2021, 06:39:16 PM

Quote from: Sliplop12x13 on April 27, 2021, 08:56:45 AM

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.