BitShares / Bitcoin 6h trading
Updated
I wanted to show a strategy that I used today.
I'm still new to this and only used a few satoshis on this strategy to learn how you can make a small profit in a consolidation period. However to the chart:
1 - "Tunnel", Between those two lines the market couldn't decide if it goes up or down. The result in this situation are big bullish- and bearish-candles.
2 - "Buy", After every short breakout the price dropped to 11110 Satoshis. Everytime it hit this line I bought.
3 - "Sell", When I bought at 11110 Satoshis i set myself a sell order to 11250 Satoshis. Almost everytime it went up in two to five minutes and I sold.
During this time I made four trades and gained about 4% profit.
In conclusion I would say it is a very safe strategy with little profit.
Often I sold within a couple of seconds because of my sell order.
Let me know what you think about it!
I'm still new to this and only used a few satoshis on this strategy to learn how you can make a small profit in a consolidation period. However to the chart:
1 - "Tunnel", Between those two lines the market couldn't decide if it goes up or down. The result in this situation are big bullish- and bearish-candles.
2 - "Buy", After every short breakout the price dropped to 11110 Satoshis. Everytime it hit this line I bought.
3 - "Sell", When I bought at 11110 Satoshis i set myself a sell order to 11250 Satoshis. Almost everytime it went up in two to five minutes and I sold.
During this time I made four trades and gained about 4% profit.
In conclusion I would say it is a very safe strategy with little profit.
Often I sold within a couple of seconds because of my sell order.
Let me know what you think about it!
Note
I had to post it in a 15min chart, for trading I used 1min. FYI
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