So I was thinking…
If my goal is to get more BTC, I should focus on just buying low and selling high, and really nailing the ups and downs of the day.
Is it stupid, or crazy, to think that we can make 1-5% per day simply by focusing on the BTC/USD chart?
It seems lately most of the ups and downs are less than 1%, which is fine if we can catch the waves because trading fees are only 0.01% so… if we only gain 0.02% that’s still an accumulation of bitcoin.
Is this crazy or stupid? How many ups and downs on an average BTC day can we expect to catch while day-trading?
Second question: Is it insane to try to do this with the 1 minute chart? Is catching one or 2 waves on a 15 minute chart the only reasonable way?
Does ANYBODY successfully trade only BTC on the 1 minute?