The charts will show you who, where, and how they trade. You just need to know how to read them, just like the order book. For example, the level for ETH is not 4500, but 4495, from which it has already dropped down 6 times.

Yesterday, while observing the screenshots of losing trades from position traders who jumped into long positions during the Ether rally before the 4500 level, I was once again convinced that scalping is the only adequate trading style, maximally distant from a casino. Because in scalping, you do not open trades based on the patterns that are drawn for you on the chart, or forecasts and analytics from some experts; you don't need to understand macroeconomics or try to correctly interpret the statements of politicians.

In scalping, you work based on the facts of the events happening here and now in the order book: you see the behavior of the tape prints as you approach a level, you see the limit orders from sellers and buyers, including those that are momentarily placed in the spread, and you see the volumes that are at the very level. That is, you make the decision to open a trade based on metadata, not by guessing. This is true trading.

By the way, on $ETH there are two good setups for breakout: long levels at 4500 and short levels at 4200.



On $BTC there are good levels at 107200.

#scalping