If you trade bitcoin in the Forex market, then it's useless.
There's a huge spread!
Moreover, we can predict traffic only on large time frames.
Scalping will result in a zero balance ....
You can margin trade on bitmex where is 0.5$ spread which is 0,008%.
Scalping will never result in a zero balance. You grab 0.2 % and out. If trade is not going well you cut losses at like -0.5%. How the hell make that way 0 balance? By houndreds fail trades one by one without any reflection? If you see that your strategy is eating your wallet you stop and change it or jump to complitly different one. Hodling will result in a zero balance (
https://bitcointalksearch.org/topic/m.39881422 - topic about risk in holding and trading strategy).
1- cut losses. Sometime it will make you eat your desk seeing how your coin is rebouncing after your sell but its better to see -10% each day for 2 weeks hoping for it to rebounce especcialy that you entered trade short term without deeper research for long trade (in which you are)
2- be on market for as long as you can. All indicators are useless. You need to know what average investor is thinking. If he has full pends and is acting irrational selling to low or mayby average investor is in current situation fomo guy who is willing for lambo. When you are all the time on market you see this and you know when they panic to buy and when they will come back to sell them back their hope for lambo - thats the only way to earn 0.5-3% fram each trade doing dozens trade each day. (high volatility market)
3- collect experience. Do as manny trades as you can with as low bet as you can. That way your learning will be cheapest. When you are not able earn on 5$ you also wont earn on 50 000$.
4- When you are finally earning ask yourself question why. Maybe we are currently in small bull run and even blind monkey would earn
5- dont bealive in any special indicators/ magic tacticks. If they would work they would work for everybody. Ergo they wouldnt work for anyone because its impossible on market for everyone to earn. Only experience/beeing a whale is giving you advanvege over market. Nothing else because everything else is cummon. Money managment is helping you to not waste to much.