Not really, unless you are doing something that is dangerously high leverage, like 150x leverage type of thing, then I would guess that it is not going to be a big deal. I personally believe that you should do at least 15 minute intervals, that would be giving you a better understanding of the past and a better prediction for the future, you can go as high as hourly because that would be a bit longer term and not an intraday trading but at the very least you would be able to make trades within a week thanks to that.
All of these are fine, anything in between 15 minutes and 1 hour would be fine, but when you go lower than 15 minutes, you are making a quicker trade and you may not be great at that if you are a newbie.
Topic: Trading Bitcoin in 1 Minute charts - page 3. (Read 307 times)
Trading Bitcoin in 1 minutes charts is scalping cos it is very fast and changes constantly unlike the other timeframes.some people are very good at it but I will advise you to try the daily,4H,1H and 15 minutes timeframes to trade.The daily will give you the directional bias while you can use the lower timeframes as your entries.
If you need to get the real truth about trading time zone, then know that there's no specific time assigned to a particular trade to take place, there is this common believe that traders always targeted the opening of a new week for the bitcoin price to surge high while the weekend days to remain on thesame spot, but things changes sometimes to the extent whereby we experience a high volatility during the weekend and bitcoin price rises more higher on which is rare earlier this year, we encourage everyone trading to always take his own research before concluding on anything.
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
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
I would advice that you would trade with 3 time zones.
One for higher timeframe analysis could be a daily chart or 4H, second is for middle timeframe or current trend analysis 1H timeframe or 15mns, and last timeframe which could be 1 minute timeframe for your entry timeframe.
Trading the 1-minute candle means you have to make a decision every minute since it paints candles for every one minute.
BTC is highly volatile. Price actions are fractals. What you can see in lower time frame, you can also see at different of higher time frame just in different phase but in almost identical formation.
Trading whether what timeframe you enter with is just a brass part of any system. If you know what you are doing, you are not gambling.
The trading framework is for technical analysis purposes only. Once an order is placed, trade time becomes elastic.
In futures trading, traders are just waiting for their SL/TP targets to be touched. While spot trading, the more stable the volatility, the longer the time frame used.
In futures trading, traders are just waiting for their SL/TP targets to be touched. While spot trading, the more stable the volatility, the longer the time frame used.
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?
Market is uncertain even in the long period of time. It is very hard to even predict what to come next in that short period of time. By the time you predict the next movement, the 1-minute time limit is already over. At this point, if you really want to trade in that 1-minute specific time frame, it is nothing more than just gambling your way through. Depending on your luck, you could either win or lose. I have learned this crazy trick for trading. If you want to trade in 15 minutes chart, analyze the 30 minutes chart. If you want to trade on 30, then analyze the 1hr chart. This is a wonderful trick if you want to become more successful while trading. That way, you can get more time to analyze and come back to the previous time limit chart. The result will be more accurate, and you will face less stress while trading. It will become more fun that way.
In my opinion, trading the 1 minute charts is the same as gambling. I believe that the same applies to any chart under 15 minutes. Even 15 - 60 minutes should be considered unreliable.
Don't bother wasting your time and effort on trading by the minute. Make macro observations, spend your time on research, creating theories and adjusting your order over longer periods of time rather than trying to make a quick buck in the short term.
Don't bother wasting your time and effort on trading by the minute. Make macro observations, spend your time on research, creating theories and adjusting your order over longer periods of time rather than trying to make a quick buck in the short term.
Yes, agree. It's not even to say because it's ignoring anything that happens under short time frames as invalid, but that if you look on all platforms, even the biggest ones like Binance, it's impossible to predict with reliability what happens in 60 seconds.
Markets can be bullish but you see sell orders getting eaten up, sudden bot orders placing and removing orders so quick your eyes can't see. hundreds of orders can come and go in that 60 seconds. And all of it can be against the market movement.
So yes, nice to see if you're gambling and betting on those things happening but that's nothing to do with trading properly IMO.
There is a rule for technical analysis in trading, that is;
the longer the time frame that you are analyzing, the more likely it is to be accurate
If you are trying to reason trades with any sort of technical analysis based on 1 minute charts, you should not rely on technical analysis. On that note, news isn't released on a minutely basis and fundamentals don't change over minutes...so you're left with on-chain analysis. On-chain data is not entirely relevant to the 1 minute chart, but there might be data there that might help to trade on this time frame.
In my opinion, trading the 1 minute charts is the same as gambling. I believe that the same applies to any chart under 15 minutes. Even 15 - 60 minutes should be considered unreliable.
Don't bother wasting your time and effort on trading by the minute. Make macro observations, spend your time on research, creating theories and adjusting your order over longer periods of time rather than trying to make a quick buck in the short term.
the longer the time frame that you are analyzing, the more likely it is to be accurate
If you are trying to reason trades with any sort of technical analysis based on 1 minute charts, you should not rely on technical analysis. On that note, news isn't released on a minutely basis and fundamentals don't change over minutes...so you're left with on-chain analysis. On-chain data is not entirely relevant to the 1 minute chart, but there might be data there that might help to trade on this time frame.
In my opinion, trading the 1 minute charts is the same as gambling. I believe that the same applies to any chart under 15 minutes. Even 15 - 60 minutes should be considered unreliable.
Don't bother wasting your time and effort on trading by the minute. Make macro observations, spend your time on research, creating theories and adjusting your order over longer periods of time rather than trying to make a quick buck in the short term.
At the present time, what changes can occur within one minute?
Most of the trading is made by a quarter of an hour at least when major changes occur or when the price is near support and resistance points.
We can achieve temporary profits, but the losses are greater.
Trying to do trading by a time difference without taking into account trading volumes is not a wise strategy, and relying on daily trading needs an expert trader and not for beginners.
Most of the trading is made by a quarter of an hour at least when major changes occur or when the price is near support and resistance points.
We can achieve temporary profits, but the losses are greater.
Trying to do trading by a time difference without taking into account trading volumes is not a wise strategy, and relying on daily trading needs an expert trader and not for beginners.
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
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
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