The Bitcoin Scalping strategy with Keltner Channel is a volatility-based trading approach known for swift profit-taking. This method involves placing a target exit order immediately after setting a protective stop. It is adaptable to all time frames and is characterized by its focus on rapid profits.
Setup Stratgy
Time frame 1 min, or higher.
Pairs Bitcoin, Ethereum, Litecoin.
Indicators
SMA 89, period.
MACD 5.35,9.
Keltner Channel 22 periods, 1.
Long Trades
Conditions required for trade entry - in sequence:
1. Price is above or testing the 89 period moving average on the one minute chart.
2. Price is within the Keltner Channels or closely or below it
3. The MACD (5/34/9) Histogram turn above zero.
Short Trade
1. Price is below or testing the 89 period moving average on the one minute chart.
2. Price is within the Keltner Channels or closely or above it
3. The MACD (5/34/5) Histogram turn below zero.
Exit position
I set my exit price between 6 and 12-pips above my entry price. (The rule is fast profit target in relation at the time frame). Stop loss above belowe the previous swing high/low.
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