This is an article showing some simple yet powerful and working trading strategy on the mini timeframes of BTC.
Although I am pointing it out on the BTCUSDT pair, because of the use of high leverage, this strategy has been found to work almost on any pair.
I guess it is the way the MM run or the algo is built. Here is one of many scenarios you can trade with minimal risk and profitability more than 60-70%:
- Every opening of 1H candle, watch the first 5 min candle.
- IF the first 5 min candle print a bullish candle, meaning closing of candle makes the candle green THEN assume a bearish outlook or bearish bias for the trade. IF the first 5 min candle is bearish, THEN assume a bullish bias.
- Enter the trade in the min 6 or 7 of the hour. IF high (meaning wick) of 5 min candle is taken in min 6 or 7, enter more confidently.
- Target body and wick of the first 5 min candle.
Check this for yourself.
Notes to remember:
IF the 5 min candle closes red but looks bullish, assume bearish bias, even though it has closed red.
Always think of how good or bad the first 5 min candle looks. TAKE trade in the opposite direction of your thinking.
Increase confidence in trade if the during the first 5 min of each our, a previous wick low is taken out as liquidity.
Below is the picture of BTC last hours today.
