HEAD AND SHOULDERS BTC MINUTELY

[Anonymous No.10918980]

say buh bye to your dandruff boyos

[Anonymous No.10918989]

C R I T I C A L

[Anonymous No.10919004]

>>10918980
>MINUTELY

[Anonymous No.10919020]

>>10919004
Hi, is pajeet there?

[Anonymous No.10919043]

7171 is the target for absolute profits

[Anonymous No.10919086]

>>10919004
git on my level boyo, we're nearly there

[Anonymous No.10919093]

>>10918980
>there are people who unironically trade on one minute charts
It’s fucking nothing, your inverted h&s indicates upside to 7170, really insignificant

[Anonymous No.10919105]

Are we back

[Anonymous No.10919109]

k im getting nervous with the RSI so im ready to take profits for a nice little 1 percent scalp although im going to weight till i see the red tide on the order book

[the chad TA master and the vir(...) No.10919123]

>>10919093
i make a few of these trades a day.. that's a few CONSISTENT percent a day boyo

git on our level... TA master race

[Anonymous No.10919124]

>>10919109
Nigga there’s 0.28% upside. Stop using minutes and trade real trends

[Anonymous No.10919163]

>>10919124
>Nigga there’s 0.28% upside. Stop using minutes and trade real trends

a birb in the hand and all that..

[Anonymous No.10919170]

>>10919124
and yes this could be a wedge forming the B of the last dump.. but it could also go up just

[Anonymous No.10919209]

And we just hit the golden ratio retracement of the last dump so that was the last guaranteed profits now. Ofc course it could go up you know but whatevs.. to each his own.

And there is ABSOLUTELY nothing wrong with trading by the minute.. you just have to be advanced. I like trading larger time frames with the alt coins as they dont have the volume and lag a little behind with various different correlations to btc.

[Anonymous No.10919232]

>>10919170
You need 7221 to get to your 1% target
The reason I say don’t use minutes is because you see things that look like strong trends but are really microscopic. 15 of those minute candles = one single 15 minute candle, may represent just a 0.50% movement.
God tier short-term trading happens in 30 minute candles, if you really want it short go 15min, use a 5 minute chart next to it to help determine how the 15 min candles will close and a 1 minute if you want to see how the 5 minutes will close. Super easy order book scalping and gets you bigger gains in less trades. Saves on fees. I did the above method in the alts boom last summer.
>>10919209
>advanced
Imagine a beautiful bullish chart on 1min made of 30 candles. Looks great right? Then you zoom out to 15 mins and realize it’s a small uptick in a larger downtrend. This is the problem with using very small candle timeframes

[Anonymous No.10919302]

>>10919232
>You need 7221 to get to your 1% target
not with leverage :3

>you see things that look like strong trends but are really microscopic

yeah ofc

>may represent just a 0.50% movement.

you can take profit from that when there is an obvious set up like what we just saw

>God tier short-term trading happens in 30 minute candles

agreed

>Saves on fees.

yeah those suck but that's why i try to avoid taker fees and it's still been worth it tbqh at least when the opportunity presents itself

>alts boom last summer

well it's not thattttttt difficult to make money in bull markets.. but now we have a lot more options for shorting alts too which is awesome

>it’s a small uptick in a larger downtrend.

yeah but why not just take those profits where they present themself?

>This is the problem with using very small candle timeframes

well i think the fees are the worst part.. "manipulation" turns into their own patterns as well

[Anonymous No.10919317]

you can adjust your leverage on the fly when you see these kinds of things anyway.. still fees tho

[Anonymous No.10919360]

>>10919302
>why not take profit
In this market it is justifiable because there isn’t a clear background, it makes sense to trade shorter timeframes but the actual change in that time is so small you end up making very little (if anything) after fees. You polo? It’s been a while but I think their fee structure is still 0.15/0.25%, meaning a 0.28% gain for example would net you 0.03%. And be careful with leverage. Don’t lose track of your downside.
I’m not saying you can’t do the 1 minute meme I’m just saying you’ll probably find that it is easier, safer and more profitable to trade in longer timeframes. 1 and 5 mins are useful to see additional info about a larger developing trend.

[Anonymous No.10919364]

This would be the optimal situation right now but two things concern me.. markets, especially bitcoin tend to confound the most amount of people so i expect surprises, and we didn't hit the golden ratio with the last corrective wave.

im in btc though atm but i just increase leverage or short when i see the oppertunity

[Anonymous No.10919383]

>>10919364
Checks out. Check hourly or maybe 4h volume though. Here I see increasingly large spikes of buy volume. Longer time paints a clearer picture of the volume

[Anonymous No.10919405]

>>10919360
>You polo?
nah man bitmex..... fees are 0.0750% and if you signed up through a referral like this one:

https://www.bitmex.com/register/NJu3r0

you get 10 percent off the fees and you get a 0.025% rebate when you are a market maker

Anyway i wanna try trading on binance because i think they still have zero fees.


>>10919232
>Super easy order book scalping

do you have any specific strategy for reading the order book.. i just kinda feel it out abstractly.. i dont know how you could really be more objective with it?

[Anonymous No.10919437]

>he uses minute charts
>he thinks he will make it

[Anonymous No.10919463]

>>10919383
Oh yeah btw with that chart i posted, wave 4 touched wave 1 which violates the rule but i think there it's debatable with these markets because they've evolved so much and the rules get bent all the time yet still follow through. Although you could also just draw the waves like pic related

>volume
Yeah a shit ton of people bought in around 7100.. you'll also notice that the two biggest volume spikes in the hourly were buying volume.

[Anonymous No.10919475]

>>10919437
just scalped an extra percent boyo where i saw a decent set up.. im still in bitcoin

[Anonymous No.10919495]

>>10919437
Oh and btw minute candles are good to build trading confidence as you get more XP per minute literally.

If anything it's just fun and you can do it with a small amount to manage risk.

[Anonymous No.10920138]

>>10919405
>order book
There isn’t really a strategy other than to determine where the market is headed and seek out orders that are within your target price range. They’ll popup and be gone in a few seconds so the whole goal is to get it while it’s there. I don’t know if bitmex lets you take bids/asks directly from the book or not. Otherwise the book tells you a lot about volume at specific prices. You can see behaviors that indicate where the price is headed. For example: A sell wall keeps going up at incrementally higher prices as a small uptrend persists. The wall is the same size and isn’t getting filled. Someone is saying “work up to this price.” You can also see where people have algos that they want to track as they’ll place orders in unique sizes, ie 199. So you can identify them based on that. You can even use these tactics yourself, for example setting a sell at a higher price and taking it down once the lower sell orders are all filled.
>>10919463
I never used waves desu my favorites were/are schaff trend cycle and fractal bands chaos. Sometimes with R squared as well.

[Anonymous No.10920148]

>>10919105
That subtle shadowing around the hair, very well crafted pepe.

[Anonymous No.10920150]

Also it is somewhat common to set a sell wall so your bot can scoop up orders at lower prices. That was big on binance

[Anonymous No.10921377]

>>10920148
I saved it. Do I have to pay a fee?