BTCUSD: The phenomenal Fib power of +.618.Bitcoin quickly turned neutral on its 1D technical outlook (RSI = 51.454, MACD = 3285.300, ADX = 32.138) as in a matter of 24 hours it dropped from its 108,000 ATH back to below 100,000. As the price continues to grow, we should start getting used to those 10k violent price swings. Today though, we want to discuss an incredible finding, which we call ' the Fib power of 0.618'. It is this amazing pattern you see where Bitcoin, since its Nov 2022 bottom and subsequent Jan 2023 High, it has systematically targeted every +0.618 Fibonacci extension before pulling back.
1st TP was Fib 1.618, 2nd TP = Fib 2.168, 3rd TP = Fib 3.618. Natually this sequence targets next: 4th TP = Fib 4.618 (112,500), 5th TP = Fib 5.618 (173,500) and finally 6th TP = Fib 6.618 (265,000). Of course this assumes that the trend will follow the same fluid pattern, where the first of the Fib pairs has only a short consolidation (green Rectangle) leading to a fast rise to the second Fib, which has a long consolidation (blue Rectangle). This implies that we're currently inside a short consolidation an in April we should hit 112,500 (5th TP on Fib 5.618).
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1-Minute Scalping Trading Strategies With Examples1-Minute Scalping Trading Strategies With Examples
Scalping is a popular trading style capitalising on rapid, small price movements within minutes. 1-minute scalping strategies are often used by traders but require precise execution and solid understanding of technical indicators. This article explores four 1-min scalping strategies, detailing the indicators used alongside specific entries and exits.
Understanding 1-Minute Scalping
1-minute scalping is a fast-paced trading style focusing on taking advantage of small price movements within a minute timeframe. Traders using this approach rely on 1-minute charts to make quick, multiple trades throughout the trading session. The primary goal is to accumulate potential small gains that might add up to larger returns over time.
A scalp trading strategy requires a solid understanding of technical analysis and market conditions. Scalpers typically use indicators, price action patterns, and trend analysis to identify short-term market movements and potential entry and exit points. The rapid nature of 1-minute scalping demands precision and discipline, as even a slight delay can impact the trade outcome.
One of the key advantages of 1-minute scalping is the ability to generate frequent trading opportunities, which can be particularly appealing during volatile market conditions. However, it also comes with higher risks due to the speed and frequency of trades, meaning risk management plays a significant role.
Scalpers must also be aware of transaction costs, as frequent trading can lead to significant fees, which can erode potential returns. Choosing a broker with low commissions, tight spreads, and fast execution speeds is essential to maximise a scalping forex strategy’s potential. FXOpen provides an ideal environment for scalping trading strategies, with commissions from $1.50 per lot, spreads from 0.0 pips, and ultra-fast execution. Open an account!
Four 1-Minute Scalping Strategies
Now, let’s take a closer look at four 1-minute trading strategies. To apply these strategies, see how they work in practice, and access each of these 1-minute scalping indicators, consider following along in FXOpen’s free TickTrader trading platform.
Strategy 1: VWAP + MACD
Indicators Used
- VWAP (Volume Weighted Average Price): VWAP calculates the average price a security has traded at throughout the day, based on both volume and price. It helps traders understand the trend and identify potential support and resistance levels.
- MACD (Moving Average Convergence Divergence): MACD is an indicator that visualises the relationship between two moving averages. MACD settings for a 1-minute chart are standard: the MACD line is derived from the difference between the 12-period and 26-period exponential moving averages (EMA), while the signal line is a 9-period EMA of the MACD line.
VWAP and MACD work well together by providing both trend and momentum analysis. VWAP helps identify the overall trend and significant price levels, while MACD offers insights into momentum changes. This combination can help traders determine entries by confirming trends and potential reversals.
Entry
- Traders typically look for the price to close through the VWAP, with the MACD turning from positive to negative or vice versa. This coincides with the signal line crossing over the MACD line.
- Alternatively, another common entry point is when the price uses the VWAP as a level of support or resistance, confirmed by the MACD turning from positive to negative or vice versa.
These triggers will likely occur within a few candles of each other, typically within 4 or 5 candles.
Stop Loss
- Stop losses are often set just beyond a recent high or low swing point, which helps potentially protect against losses if the market moves unexpectedly.
Take Profit
- Traders commonly take profits when the signal line crosses the MACD line in the opposite direction, and the histogram switches from positive to negative or vice versa. This approach allows traders to take advantage of momentum shifts and potentially lock in gains as the trend changes.
- However, some may prefer to exit at a significant support or resistance level in order to maximise potential gains.
Strategy 2: Keltner Channels + RSI
Indicators Used
- Keltner Channels: A volatility-based envelope set above and below an exponential moving average. The channels are typically set to two average true range (ATR) values away from the EMA. They help identify overbought and oversold conditions and potential breakouts.
- RSI (Relative Strength Index): A momentum oscillator that gauges the rate and extent of price changes. It ranges between 0 and 100, where readings above 70 signal overbought conditions, and readings below 30 indicate oversold conditions. RSI can also indicate bullishness when it crosses above 50 and vice versa.
The Keltner Channels and RSI strategy leverages volatility and momentum to identify effective trading opportunities. By combining the channels, which offer insights into breakouts, with the RSI, which gauges momentum, traders can uncover trading opportunities on the 1-minute chart.
Entry
- Traders often look for two or more closes outside of the Keltner Channel and ideally strong and/or consecutive green (bullish) or red (bearish) candles.
- This is confirmed by the RSI recently breaking above 50 for bullish signals or below 50 for bearish signals.
The combination of strong price action and momentum change helps traders identify potential trend continuations.
Stop Loss
- Stop losses are commonly set beyond the opposite side of the Keltner Channel to potentially protect against adverse price movements.
- For a higher risk-reward ratio, traders might place stop losses beyond a nearby swing candle.
Take Profit
- Traders typically take profits when the price crosses back beyond the Keltner Channel's midpoint or reaches the opposite side of the channel, indicating a potential exhaustion of the current move.
- Alternatively, profits may be taken when RSI moves beyond 70 (overbought) or below 30 (oversold), signalling potential reversals in price direction.
Strategy 3: ALMA + Stochastic
Indicators Used
- ALMA (Arnaud Legoux Moving Average): ALMA is a moving average that aims to smooth price data while reducing lag. The settings used are 21 for the window size, 0.85 for the offset, and 6 for the sigma. This combination helps in identifying the trend with greater precision.
- Stochastic Oscillator: The Stochastic measures the location of the close relative to the high-low range over a set period. Settings of 21, 1, 3 are used to capture momentum and potential reversal points. A figure above 80 signals overbought conditions, while below 20 indicates the opposite.
Combining ALMA with the Stochastic Oscillator allows traders to identify potential reversals in trends. ALMA provides a smoothed view of the price trend, while the Stochastic Oscillator offers momentum-based signals, helping to confirm the strength of a move.
Entry
- Traders look for the price to close through the ALMA, ideally with a strong close, which suggests a potential trend change.
- This is confirmed by the Stochastic Oscillator crossing below 80 for a bearish signal or above 20 for a bullish signal, indicating momentum alignment with the trend.
Note that price may fluctuate above and below the ALMA in ranging conditions and produce false signals.
Stop Loss
- Stop losses are typically set beyond the nearest swing point, which helps to potentially protect against adverse price movements.
Take Profit
- Traders typically take profits when the Stochastic reaches the opposite territory (e.g., from above 80 to below 20 for a bearish move), indicating a potential exhaustion of the current trend.
- Alternatively, profits may be taken at identified areas of support or resistance, where price action historically reacts, providing a logical exit point.
Strategy 4: RSI + Bollinger Bands
Indicators Used
- RSI (Relative Strength Index): For this strategy, RSI setting for a 1-minute chart is a length of 4, with overbought and oversold boundaries at 80 and 20, respectively. These RSI settings for the 1-minute chart help in identifying short-term overbought and oversold conditions.
- Bollinger Bands: Bollinger Bands settings for a 1-minute chart are a 20-period simple moving average (middle band) and two outer bands set at a standard deviation level of 2 from the middle band. They help identify periods of high and low volatility as well as potential reversal points.
The combination of RSI and Bollinger Bands allows traders to identify potential short-term reversals in the market. The Bollinger Bands provide a dynamic range for price action, while the RSI helps confirm overbought or oversold conditions, improving the accuracy of entry and exit points.
Entry
- Traders often enter when the RSI crosses below 80 from above or above 20 from below, signalling an exit from potential overbought or oversold conditions.
- This entry is confirmed when the price is also touching or breaching the Bollinger Band, indicating the likelihood of a short-term reversal.
Stop Loss
- Stop losses are typically set beyond a nearby swing point or just outside the Bollinger Band, providing potential protection against significant adverse price movements and giving the trade room to develop.
Take Profit
- Traders commonly take profits when the price touches the opposing Bollinger Band, suggesting a potential end to the current price move.
- Alternatively, some may take profits when the RSI crosses into the opposing overbought or oversold territory, indicating a shift in momentum.
The Bottom Line
Mastering a 1-minute scalping strategy can potentially enhance your trading performance. To take advantage of these techniques, consider opening an FXOpen account. As a regulated broker, FXOpen offers access to over 600 markets for scalping, supported by commissions as low as $1.50 and spreads from 0.0 pips. With the right tools and strategies, you can navigate today’s fast-paced trading environment effectively.
FAQ
What Is the 1-Minute Timeframe Trading Strategy?
The 1-minute timeframe trading strategy involves making multiple trades within a single minute, aiming to capture small price movements. Traders use a 1-min scalping strategy to identify quick trading opportunities and rely heavily on technical indicators for entry and exit points.
Which Indicator Is Best for 1-Minute Scalping?
There is no single best 1-minute scalping strategy indicator; it comes down to preference and experience. However, popular choices include the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Bollinger Bands, and the Volume Weighted Average Price (VWAP). Combining several indicators can potentially provide more reliable signals.
What Is the Best Timeframe for Scalping Crypto*?
The best timeframe for scalping crypto* depends on the trader's preference and strategy. While a 1-minute crypto* scalping strategy offers rapid trades and numerous opportunities, some traders prefer slightly longer frames like the 5-minute or 15-minute charts to balance speed and cryptocurrency* market noise.
What Is the Stochastic Setting for 1-Minute Scalping?
For 1-minute scalping, the Stochastic Oscillator is typically set to the standard settings of 14, 1, 3. These settings help capture short-term momentum changes, providing timely signals for entry and exit points. Adjustments can be made based on the trader's specific strategy and market conditions.
*At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
WLD trade setupLong term analysis
BINANCE:WLDUSDT witnessed a powerful bullish wave between July 2023 and March 2024. A corrective wave (around -90%) followed and formed a consolidation range on the weekly time fram. This range has formed an inverted Head and Shoulder pattern. The narrow Bollinger bands and the recent golden cross hint at a potential explosive move.
Strategy
Buy on the break of the H&S pattern neck line at 2.50$ or wait for a daily close above the weekly Bollinger Bands:
Objective 1: back to the next resistance at 4.25$ (+70%)
Objective 2: Following resistance at 6.5$ (+160%)
Objective 3: ATH at 12$ (+380%)
Invalidation
Mental Stop: below the last low of 2.12$
If prices retrace to this level we will wait for the daily close price then set a Stop loss ¼ or Risk below the daily close price.
Bitcoin hanging on support!Bitcoin testing the 200 EMA on the 4-hour timeframe as support. If it holds, we might see a bounce toward $100K. A break below could lead to further downside, with support around $92K. Keep an eye on volume for confirmation of the next move.
Key Levels to Watch:
Immediate support: $96,325 (EMA 200).
Resistance: $97,777 (recent swing high).
Next support below EMA 200: $92,000.
ETHEREUM → Consolidation after a bearish trend breakBINANCE:ETHUSD is consolidating within the flat boundaries of 4085 3530. In general, there is a bullish trend, the fundamental background is also favorable except for yesterday's news, which creates a small risk...
The price is at a strong resistance between 4090 and 4100 and it will take a lot of energy to break this area. Yesterday's news was generally controversial but with a negative bias. Despite the decline in interest rates, there were strong hints of stopping the decline and taking a hawkish course. Bitcoin is giving a small correction against this backdrop, which is negative for altcoins.
Ethereum technically did not break the bullish structure, a very strong support area of 3530 - 3440 is formed on the chart and with high probability a retest is possible, a liquidity grab with the aim of further growth. There are risks for further fall, they can be taken into account, but we can consider an attempt of growth as a priority.
Resistance levels: 4086, 4100, 4372
Support levels: 3530, 3440, 3261
Since the price is inside the consolidation, our strategy is simple - trading from the channel boundaries. Accordingly, based on the current situation, we should consider a retest of support before further growth.
Regards R. Linda!
UNI Approaches Oversold Territory With Breakout Potential AheadBINANCE:UNIUSDT has struggled to maintain bullish momentum, retreating from its highs to test key levels. Resistance lies at $13.011 and $13.155, while support is seen at $12.801 and $12.654. The narrowing price band hints at potential breakout volatility.
The 9 EMA trending below the 20 EMA underscores bearish conditions. The MACD histogram reveals decreasing bearish momentum, indicating a possible reversal. RSI readings in the oversold zone suggest that buyers might soon regain control.
Trading Strategy: Short positions could be placed near $13.011, targeting $12.654, with stops above $13.155. Long traders might enter near $12.801, aiming for an upward move toward $13.155.
KPEL BREAKOUT Script: KPEL
Key highlights: 💡⚡
📈 Script is trading at near its support level keep an eye on stock, we may see some good rally.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 650
🟢 Target 🎯🏆 - ATH
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for educational purposes.
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Happy learning with trading. Cheers!🥂
XAUUSD downside target 2560On the 4-hour chart, XAUUSD maintains a volatile downward trend. At present, attention can be paid to the resistance near 2626. If the rebound does not break, the bearish strategy can be maintained. The downward target is around 2560. After breaking, the support below is around 2536.
Wave 3 Incoming? Why I’m Bullish on Gala’s Next MoveAfter closely tracking this correction since December 9th, I’m thrilled to share that my buy-in target of $0.03493 has been hit with near perfection. Throughout this period, I’ve carefully planned my exits and entries, which I’ve illustrated on my charts and shared as ideas in real-time.
By exiting and re-entering at key levels, I’ve been able to:
Protect my capital during the downturn.
Make some gains on the December 11th bounce.
Accumulate an additional 1.9 million Gala tokens on this re-entry – all without leverage.
At the onset, it’s always challenging to identify the exact type of correction we’re in. However, as the pattern unfolded, it became apparent that this was likely a Wave 2 correction, with price retracing to the 0.618 Fibonacci level. Historically, 70% of Wave 2 corrections retrace between 0.382 and 0.786, with only 15% going beyond that.
While there’s a possibility of further downside – especially as I remain short-term bearish on Bitcoin, which could drag alts lower – my priority is to secure a good price rather than aim for the absolute bottom.
Support Levels
Should the price dip further, key supports are:
200-day EMA: $0.03070
Weekly Support: $0.02959
0.786 Fibonacci Level: $0.02760
That said, I’m happy with my re-entry at this level and prepared to manage any downside.
Wave 3: The Opportunity
Wave 3 follows Wave 2 and is typically the most impulsive and exciting phase. Missing it while chasing a marginally lower entry is not a risk I want to take. Whether we’ve already completed the ABC correction or are in its final stages, I’m confident we’re transitioning towards something significant.
The next few days and weeks will be pivotal, and I’m excited to see how Gala performs from here. Let’s see where this journey takes us! 🚀
GOLD NEXT MOVE (bears are in dominance) (17-12-2024)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (17-12-2024)
Current price- 2644
"if Price stays below 2660, then next target is 2644 and 2622 and above that 2672 ".
immediate support- 2701-2703
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
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Bitcoin's road to 150,000 Bitcoin Halving 2024: A New Era
The fourth Bitcoin halving, expected on April 15, 2024, will cut the block reward to 3.125 BTC, increasing scarcity and reinforcing its deflationary nature. Historically, halving cycles drive three phases: a bullish uptrend in the first 70,000 blocks, a bearish retracement in the next 70,000, and sideways consolidation before the next halving. This cycle points to a potential peak of $150,000, supported by historical trends, logarithmic regression, and metrics like the MVRV ratio.
Current Market Position
Bitcoin has emerged from the sideways phase of the third halving era (2020–2024) and is poised for a bullish run. The MVRV ratio, currently at 2.24, signals fair value, with room for growth. Historical patterns show Bitcoin dominance surges above 70% during bullish phases, supporting price appreciation.
Halving Cycles and Projections
Bitcoin's logarithmic regression model aligns with these price phases:
Bullish Phase (0–70,000 blocks): Exponential growth; projected high of $150,000.
Bearish Phase (70,000–140,000 blocks): Retracement of 80%, with lows around $55,000.
Sideways Phase (140,000–210,000 blocks): Consolidation before the next cycle.
MVRV Ratio Insights
The MVRV ratio (Market Value to Realized Value) serves as a key valuation tool:
MVRV > 3.7: Overbought, market tops.
MVRV < 1: Undervalued, market bottoms. The current reading of 2.24 reflects equilibrium, signaling potential upside.
Timeline Overview
April 2024 (Halving): Demand rises, supply tightens, sparking bullish momentum.
2025–2026: Peak at $150,000 as the bullish phase matures.
Post-Bullish Phase: Retracement to $55,000, consistent with historical patterns.
Conclusion
Bitcoin’s cyclical dynamics, driven by halving mechanisms, position it uniquely in financial markets. Historical data and on-chain metrics suggest a bullish trajectory to $150,000, with an 80% drawdown to $55,000 post-peak. While short-term volatility remains, Bitcoin’s long-term appeal as a store of value persists.
Disclaimer: This analysis is educational and not financial advice. Cryptocurrency investments are volatile, and past performance does not predict future results.
Sources
Coin Metrics
CryptoQuant
TradingView Data Analysis
NAS100 H4 | Potential bearish reversalNAS100 is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 21,404.67 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 21,660.00 which is a level that sits above the 50.0% Fibonacci retracement level and an overlap resistance.
Take profit is at 20,949.82 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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SPY at a Critical Juncture: Will it Reversal or More Pain Ahead?In the past two days, SPY (S&P 500 ETF) has experienced a pronounced downturn, raising critical questions about the next directional move. Today's price action indicates a pivotal moment, with the market consolidating near a key support level at $584. The question remains: is this a pause before a bounce, or a precursor to further downside?
This detailed analysis breaks down SPY's current technical setup, provides actionable trade levels, and offers insights into potential scenarios for tomorrow's session. Let’s dive into the charts and indicators to uncover opportunities.
Technical Market Trend Analysis
1. Downtrend Confirmation
* Price Structure: SPY has formed consistent lower highs and lower lows over the past two sessions, clearly defining a downtrend. The breach of the critical $587 support level early in today’s session amplified selling pressure.
* Trendlines: A descending channel on the hourly chart below further confirms bearish control, with price respecting the upper boundary of the channel as resistance.
2. Volume Dynamics
* Selling Pressure: Noticeable volume spikes during the declines highlight strong participation by sellers.
* Reduced Buying Interest: Rebounds were marked by lower volume, indicating a lack of commitment from buyers.
Key Levels to Watch
Support Levels
1. $584: The current zone where price consolidates. This is the first line of defense for bulls.
2. $580: Major gamma exposure support level (GEX7). Breaching this level could accelerate downside momentum toward $575.
Resistance Levels
1. $587: Immediate resistance. A reclaim of this level would signal strength and could trigger short covering.
2. $590: Aligned with gamma resistance and psychological significance, this is the next target for a bullish breakout.
Indicators in Play
EMA Analysis
* The 9 EMA and 21 EMA are both sloping downward, acting as dynamic resistance levels. This reinforces the short-term bearish trend.
MACD
* The hourly MACD shows bearish momentum, with a widening histogram and a negative crossover. However, a slight tapering in the histogram near the end of the session hints at potential consolidation or a reversal attempt.
Options Oscillator and GEX Insights
* Gamma Levels:
* $584: Current pivot, showing strong put positioning.
* $580: Heavy put support; any break below this would likely see rapid downside.
* $590: Significant call resistance; a breakout above would indicate a shift in sentiment.
* Sentiment: Dominance of 102.7% puts reflects bearish sentiment in the options market.
Trading Strategy
Scenario 1: Bullish Reversal Setup
1. Entry: Enter long above $587 with confirmation of strong volume.
2. Target: $590 for the first target, $593 for the second.
3. Stop-Loss: Place stops at $585 to minimize risk.
4. Justification:
* Reclaiming $587 would signal a potential reversal or at least a relief rally.
* $590 aligns with gamma resistance, offering a logical profit target.
Scenario 2: Bearish Continuation Setup
1. Entry: Short below $584 with increasing sell volume.
2. Target: $580 for the first target, $575 for the second.
3. Stop-Loss: Place stops at $585.50 to cap risk.
4. Justification:
* A breakdown below $584 would confirm the continuation of the downtrend.
* Heavy put support at $580 would likely provide the next pause point.
Market Outlook
While the short-term trend is bearish, the market is approaching a critical inflection point. Tomorrow’s session will likely determine whether SPY bounces from oversold conditions or continues its descent. Watch for high-impact news and volume trends to validate directional moves.
Conclusion
SPY’s price action reflects a decisive moment. Both bulls and bears have clear opportunities depending on how the key levels at $584 and $587 play out. Use disciplined risk management and wait for confirmation before entering trades.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
What I Expect Through The New Year Absent A Government Shutdown.Traders, minus a government shutdown, I do expect another altcoin pump. However, the possibility of a shutdown is throwing a big wrench into my thesis. We'll talk about how price action would look in both scenarios as well as discuss the new crypto cycle rotation. You should get to know this new rotation to remain most successful in your trading.
As always, we'll start with the DXY, VIX, SPY, and NVDA and discuss future direction and what it means for our crypto space.