Trend/Range:
As of today; we have two trends that you should be focusing on. One is the fib channel (red line), & the other is the black trend line which was support, but now acting as resistance. Ranging from 9300-9500.
Scalping Strategy:
To take advantage of today - try using the 30MA on low time frames such as the 15 minute & the 5 minute time frame. When we get to these lower time frames, the 30MA usually always acts as some kind of support or resistance. When you see we are touching it, wait for some confirmation that we are actually pushing off it. Not everytime will be a perfect chance. But about 70% of the time you can catch easy gains this way. I tend to like to scalp, so my positions will be in, and I like to get out in about $20 - $30 moves, unless there is obviously more real room for it to go.
Hope this helped! Happy Trading!
( Twitter: @ crucial_crypto )
As of today; we have two trends that you should be focusing on. One is the fib channel (red line), & the other is the black trend line which was support, but now acting as resistance. Ranging from 9300-9500.
Scalping Strategy:
To take advantage of today - try using the 30MA on low time frames such as the 15 minute & the 5 minute time frame. When we get to these lower time frames, the 30MA usually always acts as some kind of support or resistance. When you see we are touching it, wait for some confirmation that we are actually pushing off it. Not everytime will be a perfect chance. But about 70% of the time you can catch easy gains this way. I tend to like to scalp, so my positions will be in, and I like to get out in about $20 - $30 moves, unless there is obviously more real room for it to go.
Hope this helped! Happy Trading!
( Twitter: @ crucial_crypto )