This is invaluable because there is no better alternative to act on price movements than reading real market data. Its demo account gives you a sophisticated set of indicators and charts, but it takes some time to take advantage of all of its numerous options. TradingView has a social network with frequent blog posts giving traders valuable insight and new trading strategies. TradingView has become the staple for market analysis in the crypto space. Even with a free account, it offers unmatched customizability and ease of use. However, it will take some time to set up your testnet properly. Entirely cloud-based, you can access it from any device and web browser.

Eight Trendy Ideas For your Crypto Trade

This leaves scalping crypto traders with a huge range of token pairs to leverage their volatility. It depends on reading charts, indicators, and patterns to figure out which way the price will go. One of the most common tools it uses is the Japanese Candlesticks chart, price support and resistance levels, moving averages, Relative Strength Index (RSI), Fibonacci retracements, and Bollinger Bands. Technical analysis (TA) – Needing to be conducted in real-time, this asset assessment takes into account its current volume, past prices, and market activity. Accordingly, every scalper develops their own unique strategy over time.

Tradingview Crypto Screener

This trading platform specializes in leveraging, allowing for up to x100 leverages on crypto derivatives. Not only does it have a modern and user-friendly design, but it offers scalpers a powerful set of indicators and charts to train with. Indicators because it shows actual crypto prices instead of a simulation. With ByBit, you can set up a testnet, making it easy to start training your high-frequency craft. A testnet is the ideal solution for learning to read charts.

As you can see from the candlestick chart above, the intervals for profits range from 5 to 30 minutes. With that in mind, either commit to it as your primary trading strategy, or you risk underperforming below 1.0 GtPR. When traders open a position – enter the market – then rely on their predictions when to exit. How long an open position is held determines the rewards. The accuracy of these educated predictions. Accordingly, for this high-frequency trading strategy to be profitable, it requires great focus and discipline.