Scalping using Volume Profile on Cryptos

So my idea here is pretty simple and reflects the thought of the price fluctuating between an unfair low- and unfair high-priced area, both called value areas. We assume that the price does so all the time during the day and over the weeks in search for a fair price.

Setup: When we're at unfair high prices we liquidate our longs (or open a short position) and when we're down to unfairly low priced areas we buy back in. Both of course as soon as the indicators give us a clear signal. You can spot these value areas with Volume Profiling and get more accuracy with indicators such as: Weis Wave, RSI, Bollinger Bands, Pivot Points, EMA to see which side is in control at certain areas of importance. To improve the quality of the signals you simply adjust the indicators inputs according to your setup (timeframe/...) to have a better & more profitable filter. How to interpret those indicators is obvious and marked by the mark-up or mark-down arrows.


Note: The following setup is ideal for sideways markets but can be applied to every trend channel that is intact. The charts show two different examples of the same setup on NEO/USDT and BCH/USD trading pairs.

If you have more specific questions about this setup, feel free to ask me.
Technical Indicators

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