Trading Bitcoin in 1 Minute charts

[cookytrades]

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

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[Husires]

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.

[BenCodie]

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.

[slaman29]

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.

[tjtonmoy]

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.

[rat03gopoh]

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.

[CarnagexD]

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.

[Dunamisx]

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.

[cute nmp]

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.

[el kaka22]

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.

[Bitcoin_Arena]

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.

[andriarto]

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

[dansus021]

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

[xSkylarx]

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

[adaseb]

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.

[JooBra]

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.

[MusaMohamed]

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.

[leonair]

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

[jeraldskie11]

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.

[cabron]

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.