Bitcoin's current trend is heaven for scalpers like me.

Bitcoin's current trend is heaven for scalpers like me.

By MadMaxx | Psycho Crypto | 29 Jan 2020


This is a great time to be alive!

Having missed LTC's trend completely, I was looking for another ranging coin to make some serious profits off of.

Today, around 4pm London time, BTC's graph started showing some range.

I didn't believe it at first, seeing as the coin was recently in an uptrend and it didn't seem like it was stopping soon.

But about 30 minutes later, the next candle formed, and it opened slightly above the previous candlesticks high. This was all I needed to see.

I marked all my entry and exit points in the chart below.

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This trend is amazing for short term scalpers like me.(if you don't know what a scalper is, read this post)

There are clearly defined entry and exit points, and the profits are usually 1% between candles,which is just bonkers.

This isn't financial advice, and I'm not telling you to trade BTC because of it. I use a short term MACD reversal strategy that helps me find reversals before they happen. You might not be so lucky. Please consider the risks before you trade.

If you want to know how my strategy works, leave a comment below! If there are enough comments, I'd make a post about it tonight.

Thanks for reading!

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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