Trading Bitcoin in 1 Minute charts | Bitcointalksearch.org

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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Quote from: cryptoaddictchie on April 19, 2023, 05:30:02 AM

A 1 minute timeframe is so short and probably you dont even need to use indicators with that and just purely do a gambling. Since there is no bearing for an analysis with that time remaining. Yes you could instantly gain with that time provided the money you are using is big and the right decision (Future long or short) but for spot trading? I wonder it could be an effective for such trading method.

Trading on the One Minute timeframe is absolutely not a good idea, it's weigh too easy to make losses in accounts. Bitcoin is volatile and it's always expected that we trade it based on higher timeframe, I've learnt my lessons with smaer timeframes. 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.

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Quote from: Unbunplease on April 19, 2023, 06:04:40 PM

By trading on 1-minute charts, you can stay in one place for a long time, as the percentage of 1-minute change in bitcoin price is small. Does it even make sense to trade a fairly heavy asset on such small charts? You'll just spend a lot of effort for very little profit. Is it worth it?

If you do know on how to scalp then it is something worth but in speaking about its movement : to the profit you would be making then you would really be that skeptical on doing so because it is really that something not anyone could be able to pull off because predicting prices on smaller time frames specially on 1 minute is really that mind breaking or too stressful for my part.
You would be needing to face up the volatility on minute manner and you cant just place up technical indicators which are intended to be used on a much longer price swings.
I havent tested out though but i dont have any plans on doing it on the first place.It cant really be just that too easy to be done.

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By trading on 1-minute charts, you can stay in one place for a long time, as the percentage of 1-minute change in bitcoin price is small. Does it even make sense to trade a fairly heavy asset on such small charts? You'll just spend a lot of effort for very little profit. Is it worth it?

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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

How do you tend to make mowny with one minute time frame? Even though you are a scalper you still can't make anything tangible with just one minute time frame because of the market volatility which can confuse you a lot in making the wrong decision which can even cost you loses if you are not looking at other time frame to get the best market outlook.

Trading need a lot to comparison for you to make something tangible from the market not using a single time frame to trade the market. Using just one minute would put you in fear and that might disorganized your journey as a trader.

cryptoaddictchie

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A 1 minute timeframe is so short and probably you dont even need to use indicators with that and just purely do a gambling. Since there is no bearing for an analysis with that time remaining. Yes you could instantly gain with that time provided the money you are using is big and the right decision (Future long or short) but for spot trading? I wonder it could be an effective for such trading method.

GreatArkansas

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Sometimes when I use a 1-minute timeframe for trading, that's the only time before I enter a trade position.
For example, I trade on higher timeframes when doing most of my analysis for day trading.
Before I enter to trade, I analyze a little bit on a lower time frame like a 1-minute chart, to see and try to get and find the perfect entry.

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Quote from: milewilda on April 18, 2023, 03:16:13 PM

Im not recommending 1minute time frame on trading up bitcoin or any altcoins in the market unless if you are really that good on scalping which i couldnt really bare up with the movement on where this crypto
market gives.If we are talking about forex and stocks then i might consider out scalping on 1minute time frames but for crypto? Nah. it is really just too much risky on doing that.
Your sl's could be easily triggered out if you do set one plus you would be needing to check out other time frames for some biases when it comes to trend.
We know that technicals arent really that always precise here on crypto which it would really be depending whether you would really be much focusing on that or not.

It will be good if you recommend the right time frame for it, for example 30 Minute TF, 1 Hour TF or 1 Day TF. 1 Minute TF is too risky, of course since they are beginners - but as they become more advanced users then I think they can adjust it themselves.

I just don't like the 1 Minute TF, it fluctuates too much as it looks. But if I am entering a trade, then 30 Minute TF, 1 Hour TF or 4 Hour TF are the best time frames to consider. But anyway, I think they should also adapt it to their respective strategies regardless of the best time frame recommendations.

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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

Im not recommending 1minute time frame on trading up bitcoin or any altcoins in the market unless if you are really that good on scalping which i couldnt really bare up with the movement on where this crypto
market gives.If we are talking about forex and stocks then i might consider out scalping on 1minute time frames but for crypto? Nah. it is really just too much risky on doing that.
Your sl's could be easily triggered out if you do set one plus you would be needing to check out other time frames for some biases when it comes to trend.
We know that technicals arent really that always precise here on crypto which it would really be depending whether you would really be much focusing on that or not.

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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

You are asking for trouble if you are a new trader and you want to trade the one minute chart, the amount of signals generated will be huge and you will only have a split of a second to decide if you want to take this particular signal or not, an ability which can be acquired only with experience, so as a newbie by the time you finally decide to take the signal it would be too late and whatever opportunity you thought was there will not be available to you anymore, so I recommend you to not start your journey on such unforgiving conditions.

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Bitcoin Bottom was at $15.4k

I have done trading for like some years and I would say you should only prefer these timezones:

15 minutes, 1 hour, 4 hours, and 1-day timeframe.

15 minutes for intra-day is the best timezone to make the most out of the market.

Here is an article that I would suggest you go and read for more information on what time frame to choose for what sort of trading: https://tradethatswing.com/what-time-frame-to-use-when-day-trading/

Another article especially on how to trade on 15 min timeframe (That I consider the best): https://blog.binomo.com/how-to-trade-the-15-minute-chart-successfully/

Here are some Indicators I personally love to use:
- Relative Strength Index (RSI)
- Stochastic RSI
- MACD
- EMA/MA (Moving Averages)

However if you understand the concept of price action trading, you will be able to master every timeframe even if it's 1 minute. Let me know if you need any help regarding trading, will surely give away some more tips.

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If you are good with futures or options trading, you will likely prefer to be in that chart. Trading is kind of addicting, it will be satisfying for a trading addict to be in a minute chart.

I'm not a bot trader but the bots are often working in this time frame as an experienced trader had shared with me. It must be a busy day for a trader and at the same time he is okay with the trading fee.

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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

Because the higher time frame is more accurate than the lower time frame, we must perform a top down analysis to take an entry at 1 minute. Many traders trade in one minute, and one of them is known as a scalper. It's a quick entry and exit setup that takes only minutes.
Trading in such time range is extremely dangerous because losses can occur in minutes.
As a result, this method of trading is not suitable for beginners.

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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?

Chart time setting depends on one's analysis technique. Because each trader uses one strategy to set the chart time like I always keep 30 minutes. many people keep 1 hour and some keep 1 minute as you said. It is not the same for everyone. Successful trading depends on good analysis. The person who is able to make good predictions by looking at the charts is able to trade more and earn more profit.
1 minute chart is very useful for the person who does futures trading. Because future trading is like a kind of gambling, from here it is possible to make a lot of profit in a short time, and if you take a wrong entry, you have to face a huge loss in a short time. So in this case it is possible to take probability entry by following the 1 minute chart on the leverage trading

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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?

Trade Bitcoin and trade cryptocurrency are different. Because Bitcoin has biggest trading volume and other cryptocurrencies have smaller trading volume.

With Bitcoin huge trading volume, you can trade with 1-minute chart and your orders will be filled if you are trading on a big exchange with good trading volume. In contrast, if you are trading Bitcoin on a small exchange, your order might not be filled within 1-minute by its low trading volume.

With other cryptocurrencies, it is harder to fill your orders within 1 minute. Sometimes it takes too long to fill your orders. In addition, if you use very short 1-minute chart, you should not let your position opens too long because a trend can change and you will lose with your position.

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1 minute trading is mostly a gamble and not recommended, but if you want to test it out you can try, I did try it with some demo money and the only thing that worked sometimes is alligator indicator.

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Don’t trade the m1 chart, it’s full of random events and almost impossible to predict. You should be trading off 1H at least. If you are new then trade off the H4 or higher time frames.

The higher timeframe the more people will be looking at the same setup and you have a better chance of getting it to work. With lower timeframes it’s more difficult. Don’t listen to those who say they day trade and scalp off 1m, most are liars.

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You cant see the bigger picture. I think this was really taught while we are just learning trading to see the bigger picture because for sure you always be against the trend and also there are a lot of false signals even using candle stick pattern or technical analysis you cant easily predict, it is some sort of gambling on me . Though I dont really see someone using this time frame in cryptocurrency but in forex most of the scalpers doing this which is different from cryptocurrency market

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Well trade on one minute chart is like gambling in my opinion Grin

all trading indicator, technique, and dozen other things sometimes doesn't work in a lower timeframe. There is a bunch of fakeouts. candlestick and pattern is unreliable but if you do like gambling try with max leverage if the guess is right you will get a lot of money hehe.

Most of traders that I watched on youtube and Discord community is trade between 15-minute to 4-hour charts. It takes time but it does work.

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one minute seems too fast, the smaller the time frame used, the more difficult it will be to analyze it, I personally usually use at least 15 minutes, whether it's trading forex or crypto. For scalping, I usually use a 15-minute tf, the smaller the time frame, the more support and resistance we will encounter, so the more thorough the analysis will be. therefore I can't imagine for 1 minute tf, of course it will be more complicated and difficult to analyze

Bitcoin_Arena

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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?

Most suitable for traders practicing scalp trading strategies, but very tiring and requires a lot of screen time. If one is using a trading bot to automate the scalping technique, then well and good

However, 1-minute time frames are not good for technical analysis because the candle patterns are very unpredictable as compared to longer time frames. Most traders I have seen prefer longer time frames for technical analysis and to make informed decisions before opening positions.

el kaka22

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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.

cute nmp

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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.

Dunamisx

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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.

CarnagexD

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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

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.

rat03gopoh

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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.

tjtonmoy

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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?

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.

slaman29

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Quote from: BenCodie on April 17, 2023, 10:10:14 AM

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.

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.

BenCodie

legendary

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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.

Husires

legendary

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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.

cookytrades

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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

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