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22876221 No.22876221 [Reply] [Original]

Can I be a profitable trader by scalping 1Min charts or am I gonna get rekt by bots/algos ?

>> No.22876234

Long story short, no.

>> No.22876264

Being a profitable trader relies on a stable market and patience.

For example UNI coin was going up and down about 40 cents every day last week. A 40 cent swing on 2000 dollars of UNI (basically the 400 stack) would be like 160 dollars. So you could just ride that every day and walk away with a cool grand a week (which is what I should have done instead of selling and buying like a maniac until I lost 4.5 eth, though that was because of my shitcoin addiction).

>> No.22876338

>>22876264
Is the any way you to reliably swing weekly or monthly vs minute

>> No.22876355

>>22876221
If you were doing that for CORE after yesterday's panic sell you would've been rich, as every dump was eaten up. Right after the panic dump to 1.2k it 2x'd in a few minutes because of panic buying. People were bitching they couldn't buy because of slippage on a coin that had a 20 million mc, fuckin insane

>> No.22876373

>>22876338
Sure, you wait for a dip like what happened to LINK and then buy in, then wait for it to pump again like Link did from 7 to 11 (or whatever).

>>22876355
>le whale shilling core

Just fuck off already.

>> No.22876379

Yes I found a way

>> No.22876412

>>22876379
tell me bro

>> No.22876441

>>22876412
Keltner channels

>> No.22876508

>>22876373
But LINK also dipped from $20 to $16. Dipped from $16 to $12. Then dipped to $8. When do you know to buy the right dip?

>> No.22876576

>>22876441
How do I draw Keltner channels? Seems easy enough but I don't understand on how the upper or lower band are "drawn" or can I get a program or tool to do this automatically?

>> No.22876606

>>22876508
You have to wait for the floor. BTC was unstable and no one should have bought the 16 dollar dip (but they did). In the end the fact there will always be baghodlers comes down to the fact that Coinbase/Binance are only slightly less scammy than Uniswap/Mooniswap and thus there will always be people getting fomo'd in by unrealistic hype. Buy low, sell high.

>> No.22876707

>>22876606
I think he's asking if there are any good indicators of a coin being near the floor.

>> No.22877551
File: 38 KB, 703x349, scalp.png [View same] [iqdb] [saucenao] [google]
22877551

>>22876576
If I feel like doing autistic 1 min chart scalping I'll use two keltner channels. One for multi 2 and one for multi 3.5. I colored the multi 2 channel the red and the 3.5 outer channel is blue. Whenever price touches the blue lower area there's a high probability price will snap back up and opposite for when price touches the upper blue. Here's a screen shot of a sample buy signal to get a 0.5% scalp which nets 0.3% on Binance.

>> No.22877851

>>22876221

You will get rekt by fees and slippage lmao

way before any bots and shit