Trading Bitcoin in 1 Minute charts | Bitcointalksearch.org

rahulzx

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Quote from: cookytrades on April 17, 2023, 08:40:14 AM

Hi All,

I'm brand new here, I just wondered if many people trade Crypto in the 1 Minute time zone? what is the preferred time zone, for most traders?

Thank you

CookyTrades

As a beginner level trader bro you should be use large time zones to check your accuracy before trade real money, do continuous practice with paper trading except you focus on spot trading

Fivestar4everMVP

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As long as its crypto trading, what have mostly worked for me, and I've gotten used to is 4 hours trading chart, trading with 1 hour chart is rather very risky and could lead to various wrong decisions and losses, most especially, in times when liquidity and trading volume is low.
Trading with a 4 hour chart will help the trader make better decisions, most especially, on days when it seems the market has no clear direction, a 4 hour chart hour should help the trader know which direction the market is heading the more, whether it be down or up.

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Quote from: kingvirtus09 on April 29, 2023, 01:51:30 AM

Quote from: cookytrades on April 17, 2023, 08:40:14 AM

Hi All,

I'm brand new here, I just wondered if many people trade Crypto in the 1 Minute time zone? what is the preferred time zone, for most traders?

Thank you

CookyTrades

Honestly, I have never tried such a timeframe of only 1 minute in conducting trading here in cryptocurrency. Sometimes I also wonder if there is anyone making money at such an interval of trading activity here in this industry.
Maybe the only people who do this are really scalpers. But if I look at it, it seems like it's hard to make money here as a trader too even the scalpers thinking will be difficult to get profit within 1 minute only.

However even if there is someone out there making money in this way, can you imagine the amount of effort and attention they need to keep on the market in order to not miss an entry point? Those people trading those one minute charts will have to watch the market for hours without even blinking in order to find the perfect time to enter the market, and they will have to do all of this just to obtain slightly more profits, in my opinion of that effort is simply not worth the time as they could trade the one day chart, be done in five minutes and then do something else during the rest of the day.

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Quote from: cookytrades on April 17, 2023, 08:40:14 AM

Hi All,

I'm brand new here, I just wondered if many people trade Crypto in the 1 Minute time zone? what is the preferred time zone, for most traders?

Thank you

CookyTrades

If you are a day trader, then it is possible to choose to trade with a 1-minute time frame. However, this requires making quick decisions because the 1-minute time frame is very fast and very risky.

For me personally, I use a 4-hour trading time frame.

Franctoshi

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Quote from: cookytrades on April 17, 2023, 08:40:14 AM

Hi All,

I'm brand new here, I just wondered if many people trade Crypto in the 1 Minute time zone? what is the preferred time zone, for most traders?

Thank you

CookyTrades

Trading with 1 minutes Chart is the worst thing one can do as a trader, 1 minutes Chart is considered to be used for sniper entries and not using 1 minutes for the basis of your trading. Mate!, below are brief example of how you should technically analyze the market in order to get a clearer picture of what the market is about to do or possible market direction.

M, W, D.
Monthly, weekly and Daily are meant for identifying market direction.
Whereas,
H4, H1 and 30m are used for maping out your entry zone, while trading execution can be done using 15m,5m and 1m.

cydrix

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Even for a long time, the market is unpredictable. In that little time, even predicting what will happen next is very difficult. The one-minute time restriction has already passed by the time you anticipate the following movement. At this point, trading in that one-minute time period is really just a game of chance if you really want to do it. You might succeed or fail depending on your luck. I picked up this weird trading technique. Analyze the 30-minute chart if you wish to trade on the 15-minute chart. Analyze the 1-hour chart if you wish to trade on 30. If you want to increase your trading success, use this fantastic approach.

In this manner, you can have additional time for analysis and return to the earlier time limit chart. The outcome will be more precise, and trading will be less stressful for you. That will make it more enjoyable.

death69

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Quote from: Mauser on April 29, 2023, 12:53:39 AM

Quote from: cookytrades on April 17, 2023, 08:40:14 AM

I'm brand new here, I just wondered if many people trade Crypto in the 1 Minute time zone? what is the preferred time zone, for most traders?

I don't think many people are using the 1 Minute time period when looking at prices. Maybe there are some very skilled intraday traders that can make it work, but for me this period is way too short. I am not a short term trader anymore and only look at daily prices these days. Anything shorter contains too much noice in my opinion and is not going to lead to clear trading signals. For my technical analysis I like to look at indicators based on 30, 60 and 90 days. It takes a longer period of prices to find trends that I want to trade on. Looking at 1 or 5 Minute data I would expect to find a new trend every hour. Now I am wondering how many trades someone would do every day following 1 minute charts.

Bro, I gotta politely disagree on dissing 1-minute trading timeframes. I get the allure of long-term vibes and trend-chasing, but let's be real: the market's pulse is in those short-term zigs and zags.

By eagle-eyeing 1-minute charts, traders can spot fresh trends and cash in on fleeting chances that'd otherwise slip by. It's all about embracing the market's wild ride and chaos, my friend.

But hold up, don't overdose on technical analysis and ghost those big-picture economic and political game-changers. By checking out the whole shebang – market mood, global events, macro-trends – traders can up their winning game and dodge market whims.

So, 1-minute trading might not be everyone's jam, but for those with the chops to surf those short-term waves, the rewards could be legendary. Just keep your head in the game and remember that beneath every chart and trend line, real peeps and economic juggernauts are pulling the strings.

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Quote from: cookytrades on April 17, 2023, 08:40:14 AM

Hi All,

I'm brand new here, I just wondered if many people trade Crypto in the 1 Minute time zone? what is the preferred time zone, for most traders?

Thank you

CookyTrades

Honestly, I have never tried such a timeframe of only 1 minute in conducting trading here in cryptocurrency. Sometimes I also wonder if there is anyone making money at such an interval of trading activity here in this industry.
Maybe the only people who do this are really scalpers. But if I look at it, it seems like it's hard to make money here as a trader too even the scalpers thinking will be difficult to get profit within 1 minute only.

Mauser

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Quote from: cookytrades on April 17, 2023, 08:40:14 AM

I'm brand new here, I just wondered if many people trade Crypto in the 1 Minute time zone? what is the preferred time zone, for most traders?

I don't think many people are using the 1 Minute time period when looking at prices. Maybe there are some very skilled intraday traders that can make it work, but for me this period is way too short. I am not a short term trader anymore and only look at daily prices these days. Anything shorter contains too much noice in my opinion and is not going to lead to clear trading signals. For my technical analysis I like to look at indicators based on 30, 60 and 90 days. It takes a longer period of prices to find trends that I want to trade on. Looking at 1 or 5 Minute data I would expect to find a new trend every hour. Now I am wondering how many trades someone would do every day following 1 minute charts.

teosanru

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Quote from: cookytrades on April 17, 2023, 08:40:14 AM

Hi All,

I'm brand new here, I just wondered if many people trade Crypto in the 1 Minute time zone? what is the preferred time zone, for most traders?

Thank you

CookyTrades

On Binance, a lot of them trade in 1 minute time zone. Most of these trades are done by bots as well as AMMs as well. In other exchanges except Binance the number of people who do this is very low. You'll feel too less trades are happening on other exchanges. Especially the trades of high volumes are too less, in those exchanges mostly the trades are low volumes to ensure the 5 min candles are formed nicely.

EarnOnVictor

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Quote from: cookytrades on April 17, 2023, 08:40:14 AM

I just wondered if many people trade Crypto in the 1 Minute time zone? what is the preferred time zone, for most traders?

I will never recommend a 1-minute time frame for trading, and I don't think there is a professional trader using it. The such timeframe could be coded into trading bots, but certainly, no human being will be using a 1-minute chart consistently and still enjoy their life. The reason is that it's too burdensome, and you would have to be staring at the chart all the time. This takes more time and gives you stress, so it's not recommended by me.

However, there is no perfect timeframe for trading, yet I would recommend a 4-hour chart upwards for professional trading. Also, you might want to combine charts together for proper filtering of the signal.

Litzki1990

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In the case of trading, each person adopts a type of strategy. For example, the subject of candles is completely independent of the individual. Those who are better at understanding candlesticks usually use those candlesticks for trading. I usually use 15 minute candles for trading. Because 15 minute candle is much easier for me to monitor the market. And I have had a lot of success in trading using 15 minute candles. But I understand better in trading using 15 minute candle seeing that you also need to use 15 minute candle it's not that time candle will help you to understand you will use candle of that time.

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Quote from: cookytrades on April 17, 2023, 08:40:14 AM

Hi All,

I'm brand new here, I just wondered if many people trade Crypto in the 1 Minute time zone? what is the preferred time zone, for most traders?

Thank you

CookyTrades

Welcome to crypto trading for the sake of avoiding rekting or liquidating your account or funds avoid trading with a lower timeframe as low as 1 minutes chart due to high volatility in the price of crypto, infact before you click Long (buy) or Short (sell) button the price would have pumped or dumped massively consequently resulting to a bad entry point therefore the aftermath of it is that loses will be incurred, my suggestion is that you should trade with a minimum of 4 hours timeframe which is available on Tradingview or Binance platforms this will give room for having enough time to analyze any trading pair prior to taking a trade and based on past records trading with higher timeframes are more reliable and profitable.

Rupok

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It is never wise to trade one minute basis where the market is uncertain even in the long term.The most important thing to be successful in training is to analyze the market as much as possible.There is no set time to trade, so it would be foolish to try to trade time differences without considering trading volume.Trading based on one minute is basically nothing but gambling. Successful trading requires good analysis and research.Although everyone has a different trading style in cryptocurrencies, each person follows a different pattern.So these patterns should be avoided from following

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Quote from: cryptoaddictchie on April 19, 2023, 11:49:29 PM

Quote from: omgitsmehehe on April 19, 2023, 09:46:56 PM

One minutes charts will only be seen good by scalpers in the market who knows exactly what they're doing, it takes time for a trader to master the scalping strategy I would prefer higher times like a one ay chart, I always like the overall view of the market, that's where my profits is been triggered.

Also if they are considering the 1 minute timeframe then the funds they must have used must be literally huge to compensate for the fees and even greater profits. Since a $20 budget wouldnt make any difference maybe if a $20m usd which could trigger profit of 1 to 3% per minute is highly acceptable. But Im not sure the strategy of those who are using this time frame. Or does someone really uses it?

I don't see any profits in trading with one minute timeframe because it is very risky even trading it with bigger funds. I don't see any profit tendency in using one minute chart to trade the crypto market because you may not even make any progress since the chart is too small to determine the movement of Bitcoin. It is good to use from 5 minutes chart to Daily chart to understand how the market works and what could be the next movement of Bitcoin. Using a wider timeframe would be more profitable for traders to know what next to do when the time for decision making comes.

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Quote from: cryptoaddictchie on April 19, 2023, 11:49:29 PM

Quote from: omgitsmehehe on April 19, 2023, 09:46:56 PM

One minutes charts will only be seen good by scalpers in the market who knows exactly what they're doing, it takes time for a trader to master the scalping strategy I would prefer higher times like a one ay chart, I always like the overall view of the market, that's where my profits is been triggered.

Also if they are considering the 1 minute timeframe then the funds they must have used must be literally huge to compensate for the fees and even greater profits. Since a $20 budget wouldnt make any difference maybe if a $20m usd which could trigger profit of 1 to 3% per minute is highly acceptable. But Im not sure the strategy of those who are using this time frame. Or does someone really uses it?

I suppose enough people make use of those charts as it would be impossible to explain otherwise why exchanges offer them on the first place, however the one minute chart is, or at least it should be, only for experts, I have traded the one day chart before and the good thing is that even if I take a few minutes to think what I want to do this is not really a lot of time in the grand scheme of things, but on a one minute chart this is an eternity, which means you only have a split of a second to take a decision, and only expert traders can do that.

death69

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Hi, CookyTrades!

Welcome to the rollercoaster ride that is crypto trading! Fresh faces are always a delight, especially those daring to tackle the infamous 1-minute time zone.

Now, I don't mean to criticize (alright, let's be honest, I totally do), but trading at breakneck speed resembles racing a cheetah in a ballerina's garb. Thrilling? Yes. Prudent? Not quite. To maximize your trading game, consider a more calculated tactic. The 1-minute zone is akin to a runaway rollercoaster – a breathtaking yet unsustainable affair.

The ideal time zone is subjective. Some traders vouch for the 5-minute bracket, while others lean towards the 15-minute. It's all about discovering the sweet spot for you and your trading approach. In essence, although the 1-minute zone is a heart-pumping venture, it's not exactly the wisest choice. Opt for a balanced approach and pinpoint the perfect time zone for you.

Godspeed, CookyTrades!

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The 1-minute time frame, it's a bit of a mixed opinion for people. Some people like the adrenaline rush of super short-term trading and can make huge profit within a short period of time, but it can be pretty risky. The more risk they take, the more profit they make. The because 1-minute charts tend to have a lot of up's and downs, and it's difficult to find solid trends or patterns in such a short time frame. So, you might end up getting whipped by the price fluctuations, and that's not what you want. But some people do manage to make quick profit from those up and downs. A lot of traders actually prefer longer time frames, like 15-minute, 1-hour, or even daily charts. It's way easier to spot reliable trends and make better-informed decisions when you're not in the middle of the ups and downs. In the end, it is up to what people want and how much risk they are willing to take.

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I don't really recommend scalping for newbies.

It is more stressful, in my opinion, because you're gonna make a quick decision for a 1 minute timeframe and frustration is waving at you already when you didn't guess the price chart movement right. I've done scalping but on a 5-15 minutes timeframe. Trust me, the nerve wracking experience you're gonna have in those 1 minute timeframe trades is not gonna worth it as a newbie. Always start from the basics, slowly but surely.

cryptoaddictchie

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Quote from: omgitsmehehe on April 19, 2023, 09:46:56 PM

One minutes charts will only be seen good by scalpers in the market who knows exactly what they're doing, it takes time for a trader to master the scalping strategy I would prefer higher times like a one ay chart, I always like the overall view of the market, that's where my profits is been triggered.

Also if they are considering the 1 minute timeframe then the funds they must have used must be literally huge to compensate for the fees and even greater profits. Since a $20 budget wouldnt make any difference maybe if a $20m usd which could trigger profit of 1 to 3% per minute is highly acceptable. But Im not sure the strategy of those who are using this time frame. Or does someone really uses it?

Topic: Trading Bitcoin in 1 Minute charts (Read 360 times)