Crypto Giant
The video showcases a scalping strategy for Bitcoin on a five-minute timeframe with over 70% win ratio. It involves using hiking ashy charts, EMAs, and MACD indicators. The strategy requires taking trades in the same direction as the trend, entering trades on pullbacks, and setting stop losses and profit targets. The video emphasizes the importance of using the right leverage and trading on a suitable exchange for scalping.
The Ultimate Scalping Strategy for Bitcoin: How to Turn $100 into $19,000 in Just 100 Trades
Introduction
Do you want to learn a high-win-rate scalping strategy for Bitcoin? This tutorial offers step-by-step instructions on how to use a scalping strategy designed specifically for a five-minute time frame. With over 70% win rate, this strategy is highly effective, and you can turn your $100 into $19,000 with just 100 trades. So, keep reading, and follow each step carefully to maximize your chances of success.
Step 1: Switch to Hiking Ashy Chart
Why do we use hiking ashy charts instead of regular candlesticks? Because hiking ashy candles help us to smooth out price actions, eliminate noise, and identify trends more clearly. A typical uptrend on a regular candlestick chart will likely have a mix of red and green candles, which can confuse many traders. However, if you look at the same period on a hiking ashy chart, you can easily see that there is a strong uptrend with only green candles. Moreover, a large green body and no lower wicks on green candles indicate a strong uptrend, whereas, one large red candle and no upper wicks on red candles signify a strong downtrend.
Step 2: Add Indicators to the Chart
To use this scalping strategy, you need to add three indicators to your chart: two exponential moving averages (EMA) with different lengths and colors and the moving average convergence divergence (MACD) histogram. Set the length of the first EMA to 50, and change its color to yellow. Set the length of the second EMA to 200, and use blue color for this one. MACD histogram is very useful in this strategy, but we do not need the signal lines. So, remove the signal line, and change the time frame to one-minute, even if you are using a five-minute chart.
Step 3: Follow the Trends
We use the EMA indicators to identify the trend direction. When the yellow EMA crosses above the blue EMA, indicating a bullish trend, you should only buy Bitcoin. Conversely, when the yellow EMA crosses below the blue EMA, signaling a bearish trend, you should only sell Bitcoin. Always look for pullbacks to enter the trades. When you see a downtick on the MACD histogram that is larger than the average, wait for a large green hiking ashy candle and enter a long position. When you see an uptick on the MACD histogram that is bigger than average, wait for a large red hiking ashy candle and enter a short position.
Step 4: Use Proper Leverage
Managing your leverage properly is critical in any trading strategy. In this case, we recommend using exactly 50x leverage. For example, if you start with $100, have a 70% win rate, take 0.5% profit and 0.4% loss, and make 120 trades in a month, you can potentially make over $23,000 with a 50x leverage option.
Step 5: Trade on the Right Exchange
To scalping effectively, you need a platform with low trading fees, deep liquidity, and fast execution speed. Not all exchanges are suitable for scalping, so do your research before choosing a platform. Here are a few exchanges that are known for their scalping-friendly features: Binance, BitMEX, Bybit, Deribit, and Kraken.
Conclusion
If you follow each step of this scalping strategy carefully, you can significantly increase your chances of success in Bitcoin trading. However, keep in mind that trading also involves risk and always be cautious. Plan your trades, manage your risk, and be disciplined about your trading strategy. With practice and patience, you can succeed as a scalper and turn your small investment into significant earnings.
