As explained in this video, there are many reasons why I am using minute timeframe. It is a very tough environment to trade within crypto but there are many opportunities. As the market is either too volatile or flat, it makes you wonder if it is worth trading in. You could use the classic risk on/off mode to enter trading when the markets allow it. You could also experiment with better technical analysis indicators like harmonics or candles to improve. I am not sure if either will work.
Fibonacci levels may be useful for entry and exit moves. Who know but let me know what you think could work?
I show to use these charts and techniques I demonstrate in this video
Timeframe and trend matter when crypto currency algo trading with Bitcoin
I am implementing my various charts for crypto currency algo trading from Binance. Also, I have been transform the one generate from Dukascopy. As a result, video to focus on Bitcoin/US dollar to show the important factors to look for to see if it is worth trading. As you will see, timeframe and general trend matter.
What I find
I also identified the dates axis needs to be corrected as well as the amount of data I chart. I think the hourly is fine as is but the monthly will need to be corrected. The yearly is sort of useless since the coin pair may not have been out long enough to make to useful. I will keep this timeframe within this Python script.