Crypto Day-Trading Secret Strategy.
SIMPLE. HIGH PROFIT. NO NONSENSE.
One of the best strategies for Scalping crypto.
Share it to help all beginners.
We will use three basic indicators.
1. Pivot Points
2. Stoch RSI
Note- This strategy will have a MUCH higher probability of success if basic Price action, volume and Candlestick pattern is kept in mind.
USE THE STRATEGY:
I will introduce the tools and then explain the strategy.
I Will talk about the calculations to arrive at the indicators separately.
IMPORTANT- Don't use the indicators alone.
Eg. Stoch RSI has less than 26% hit rate so you can't use it alone to trade.
Tool 1- Pivot Points:
They are reversal points based the historical prices.
Go to the indicators tab and type 'Pivot point standard'
The settings to be used have been disclosed in the pic below.
Note- You can choose your own settings but I have disclosed the ones I use.
This is what they will Look like.
Ignore All notations and just remember.
ALL the lines are Support or Resistance lines
(Lines of Interest)
It doesn't matter if it's been denoted as P,R or S.
We will learn how to use them below, practically.