Bitcoin Forum

I do day trading, so I want to know , How much time better for day trading analysis ? 15m , 30m , 1h , or 1d which time best for day trading analysis?

there is no such thing. You can see buy oportunity on 5 min cadnles and sell oportunity on 1h candles and again buy oportunity on 1d candles. When you invest seeing buy oportunity on 5 min candles you grab quick, small profit with low risk. When you see buy oportunity on 1h candles you are making less trades with higher risk. And so on. How the hell you want to daytrade (making lots of trades during 1 day) on 1 day candles ? :):)

1 min candles - thing are goint too fast for normal user
5min candles - i love to trade on them. You can open trade for few min and grab qucik small profit with low risk. Good on bear market.
15min - 1h - longer candles bigger risk and higher expected profit and less trades per day better for stagnation and bull market
1h-1d - not for daytrader.

But there is no ultimate best strategy.

During the time I have been trading forex and stocks I think many traders makes used of 15 minutes times flames in making they trading decision.  In cryptocurrencies I don't think that much has changed and if you are ready to day trade which is very risky then 15 minutes should be the right time flames.

Everything is our own potential so experienced persons are take 15 to 30 minutes in every trading but little lesser experienced peoples try to take more than 30min to 1hr and finally new day traders take more than 1hr to 1day so it depends on our own knowledge because every traders expecting profit so wrongly pick the coin is not a good way but take our own time is the right trader.

Analysis will need experience which can not be gained in a fast time. For those who already did daily trading for a longer time they may make a fast decision but for newbie or traders who has no good experience they may need more time to make a single decision.

1 hour candles should be more than enough to analyze most of this market but sometimes having a better precision among altcoins that get pumped and dumped can come in handy specially during their pumping phase where you want to keep an eye on the volume and how it is changing so you would want to see the 5 min candles too.

Sometimes there are no actions even you used all time interval so there are no guarantees what is better. Since you are day trading then you accept the terms that you will stay in the chart for the whole day no matter what. So my suggestion, test any time interval that will work for you then that's it, make an analyzation about what will be your strategy.

There are people who will say 15m, others will say lesser than that, but in the end, it's on your own hands how will you deal on that. Just used your experienced or test your plan on actual to see the result.

You can see that with a market that is fluctuating continuously and is in the current bear market, successful trading is very difficult, bitcoin prices will probably fall sharply in the coming days and down. This will cause altcoin prices to fall deeper. I believe you should only trade short-term by day into observation on all time frames.

What I do, analysis for day trading shall involve various time interval for an indicator used. This is used to see the strength of a signal generated since usually the strong signal will have same pattern for various time interval so analysis.

1s is the best or 0,1s the more you analyse the better it is for me. A bot can be helpful at doing this. But this trading needs to much work, I don't think it worths  :)

There have not specified any rule that how much time given on trading platform.trading is the most important platform on the crypto world so want to know more about trading and become an expert need to huge time for doing this.But i can suggest to u first try to minimum 4hour + per day and than try to increase your time hope you will be successful on trading

If you want a good return from trading,then you must a commit a time of 1hour to 3 hours minimum to research, trading and analysis. Anything less than 1hour is not enough

I think the longer the better because the price changes very quickly change, my advice see the market one week and just make a definite decision if you do not want to lose.

For day trading usually I used time frame 1 hour,  and for swing  trading better to use 4 hours or daily time frame.  Usually for swing trading is more easy to determine support and resistance of the chart by use daily time frames. To understand  candle stick pattern and price pattern will help to decide support and resistance area.

The problem with this is in people willing to have everything fast and easy! The things are just not working this way, in every sphere, especially here, you need to work and wait.

The more you know about particular coin, the less is your chance to lose, so I would say that you must spend as many time as you can, to study and learn about the project before investing.

Its all based upon the potential of each individual. But the best time is longer the time we spend in investigating the coin gives you less change of losing it. Its not about how much time you spend its all about how much research about a coin.

You n3ed atleast 1 hour to do analysis for dayli trading and the chart you use is 15 minutes and 5 minutes for trading entry and for probability of direction ( down or up ) you need 1 hour and 4 hours chart and looking at previose chart and moving average. Dont forget to put bolinger band to make a decision is the coin already move too high ot not.

It also depends on the market situation, If you want a small profit then short time would be good. If you are looking for a higher profit then longer period of time would be the best.

If you own a lot of coins like 20 then 1 hour would not be enough. I just do a short analysis on bitcoin and that is all. I just based on the news or announcement in my other altcoins. There is no best time because your analysis is what is really important so it does not matter if it takes more than an hour.

More and more people are attending to enter cryptocurrency trading with those lack of knowledge and experience, we call them easily hamster :)

1 candle day to see where the lowest point is searched in the exchange.
the low point is always a reference for me to buy a coin.

because the most lazy and disappointed when I was stuck in the price of altcoins who continue to decline in its price.

During the time I traded on the exchange (different asset classes than crypto) I used 5 min timeframes to tune the entry, and then observed 1h timeframe again to see how the market behaves. However, there is not a single correct approach, just try what makes sense to you.

Since day trading is very risky I think 30 minutes time flames should be the best time flames in trading.  15 minutes is too noisy and you may not get accurate predictions or signals from the candlesticks formation.  However to me the time flames do not matter the most if you know what you are doing.

Longer of the timeframe, you will get more confirmations. But, the reversal point or turning point will take more time to show-up and same thing will happen for profit booking too. That is the reason people prefer to go for shorter timeframe. But, when we are entering late, we will be having some advantage even we will be losing some initial profits.

for me personally, I like the 1D time frame because it can certainly be more accurate to determine the direction of the next trend. Then I will use 1H or 30M to execute an open order. If I look at the trend of using 1H down it will be very difficult because there will be lots of random patterns and too fast to determine trends.

Yeah it's always a preference thing, but I prefer to place longer trades because they have greater potential for immense profits. So I'll start with monthly (not very useful for crpyto though), then weekly, daily, 4H, and decide from that point if there's something worth investigating further. If I can see a clear reversal forming or a low risk high reward opportunity, then I'll go down to 1H, 30 min, 5 min for an entry. Sometimes it doesn't even matter at that point, as long as you give yourself enough room to be negative for some time. But if you're looking for real precision, you can work on the 5min charts.

1 min charts are quite aggressive and you won't find much in bitcoin because of the decentralized nature of it.

Depending on how much coin you do handle. If you do only focus on 1 coin lets say you are into bitcoin then 15m would be a good spot or depending on your time that you can lent where you can utilize your skills. If you do find out that you arent effective on 15m then you can go with 1hr chart. In my own way no matter which timeframe if i do see some good entry points i do usually make an order.

For day trading it is best to use either a 15-minute timeframe or 1H. Smaller timeframes will be used for day trading.

to analyze the market does not take the same time, every day will take a different time and sometimes faster and it all depends on market conditions. If the market is in a state of chaos I usually take an hour or more just to analyze the market and to choose which coin I will trade.

it depends on you preference on the first place . For me , i don't like HFT it's very risky especially for crypto market . i like take things easy to build a picture of the movements first before trading . 5 min and 15 min are amazing with the usage of 1hr time frame as a reference of the current direction .

It will definetly depend on your availability and how you manage your trading.  For me,  day trading analysis depend on the coins and the situation. If the coins is already done a huge increase i will surely check it everytime.

Yeah this is another very important point. You've got to think about the volume and the leverage because if you're trading on really long term positions, you might not be able to handle high volume/leverage trades that could move against you. But if you want to take a big position on a shorter time frame, like the 15min, you can take that higher risk knowing that you would have a stop loss in case it went the wrong way. And those kinds of trades need to be babysat. You cannot really walk away from them.

Most time you will wait for transactions and keep track of it every minute. Owning a lot of money will take up all the time you have, not only 30m, 1h, 1d ... It will attract you like honey, it will be hard to leave it.

for short profits I usually use 15m and 1 hour analysis. that's very good I think because of that it will be seen when prices will go down and up I usually only use 3% stop loss and 2% profit is worth

There is no optimal time for trading) You can buy in the correction period and expect to receive x2 in a week, but you can trade every 15-20 minutes in +, and then the price will drop dramatically and you will not have time to sell. Experience will allow you to determine when it's best not to make a purchase and wait, or vice versa.   ::) ::) ::)

Every time frame has its significant use and the lowest is form very short moves or swing trades. It depends in a coin that you were trying to trade and it needs to suits your time frame for a better trading a short term is minutes to 1-2hrs and 4hrs. If you are looking for a complete day trading go with 1 day time frame.

15 min timeframe will be very short in my experience. We must at least go for one hour timeframe still the best one and most recommended is 4hr timeframe. Because the longer time frame will be slower in generating trading calls, but it will provide the advantage of eliminating fake turning points.

For day trading usually the traders using the 15 minutes time frame, but there are some people used 30 minutes, the traders seldom used 1 hour above time frame because it's a long wait, usually day traders are focused in the monitor for certain time and need to make the trade as efficient as possible because the chart for short time frame could change really quickly

Yes, accurate analysis will be possible only after years of experience. But, we may start our analysis process with any timeframe. Mostly, new traders prefer quick results that is why they do choose shorter time frames like 5 min, 10 min and 15 min charts. Over the time, they will find the importance of having longer period timeframe for their analyses and trading.

Yes one day candle can give better prediction than the short time frame but still anything change at any time so we don't have to stick with the particular trading format,just need to hit at the right time when we had enough spikes to make some profits.But the day trading is not effective in long term we may end up with nothing so long term trade is better than the day trading.

True, to get accurate analysis does not require a little time to be able to decide on an action. people who are accustomed to day trading, they can definitely read market price movements and dare to decide when to buy and sell them, most importantly he has a target to get profit every day, unlike the novice traders they will feel hesitant to take action because of worry after buying Market movements continue to decline.

It all depends on the experience of trading and the individual characteristics of each. The less experience, the more time you need to devote to trading. Minimum 2 hours for analysis.

If you really want to trade profitably then you should try to look on the daily chart, and then you would try to help that chart by looking at the lower time frames.

oh thanks bro for good information

I think day trading is the worst way of making fortune. But here I will write whatever I have learnt until now. The more time you give for your open position the more risky it could get over the time because lets say if you opened up a position for 1 day then it may happen that for that particular coin the market for 24 hours may go down badly and you may not be able to recover anything from there on. In short period like 5 min to 1 hours you can have least risk, could analyse the market quick and if you see something not so good then you can stop it immediately without any further loss. The profit and loss is directly proportional to time.

Basing from experienced really helps you to decide,at first you needed to have more time in order to assess and analyze but in due time you will be able to figure out if what can be the good moving assets to pick and what can be the possible outcome, everything ty depends on how you interpret the market and how will you see any positive outcome for your position, for sure each of us have different approach regarding to this, it's really experienced can assess it all.

fast trading does not require time to analyze, the first thing to see is supply coin and chart movements at the last activity.
You will get coins that move quickly and give confidence that the coin will not fall as long as there is a wall.
if there is a wall it might be a good time to enter. and place a buy order

I think that in order to be able to analyze accurately and have the most accurate view of the market, you should look at all the time frames and should analyze from timeframes to timeframes to identify long-term trends. to short term. The market is fluctuating continuously and bitcoin prices will determine all market trends.

I usually observe frames H4, H1 and M15 to be able to trade the day.

for our daily trading it takes time to analyze the price chart, but in my opinion and the time I use is usually 30m, and that can really help me in trading and getting results.

If you are doing trading you have to spend your whole day in trading, If you just do it with your spare time you might not see the price change in the market. You need to monitor the prices from time to time. In doing the day trading you need to give all of your time, not just your vacant time for you to make a profit in just 1day or profit within the week. It up to you when you will want to make a profit.

The longer the duration, the more accurate your analysis will be. I use daily charts and that gives a clearer picture of the market direction. 15m and 30m should be for scalping or entry points.

5 min candles are known for misleading you along with fake pumps and dumps. But when you are considering other factors like volume and other indicators then you will get some appropriate signal. Otherwise, short timeframe things will definitely lead to losses as per my experience.

what happen with the multiple choice for voting?? why all are same.

i think the best choice for making daily trading analysis is using 15m candle stick, because if we use it, we can get much candle that can be consideration for analysis

Finding correlation among various time interval will definitely produce very strong signal but it will take lots of time to conclude the trend and the reversal points. If you are fine with one or two trades for a day then probably you must go for your trading this way. But you must check for volume and daily averages so that you will not get into the wrong signals.

I think 2 hours might be good but I don't know exactly, daily trend can change anytime so you may react according to news as well.

There not limit times to analysis the market, now depending on the the monthly target profit. If we have target profit about 50% monthly we should be spend full times about 8 to 10 hours aday to analysis the market and to predict the trend of the price in short times. In situation of crypto market now that   the price of crypto will going down after going up around 8% to 15% so we have to spend more times to make maximum profit from this price action.