BitShares / BitcoinUpdated BitShares / Bitcoin 6h trading
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.