In this new article, we are going to look for recurring behavior on Bitcoin, the largest cryptocurrency by capitalization within the crypto landscape, to maximize trading profits.
Specifically, one will go looking for the best time within the session to trade in favor of trending. Hourly bars will be used, with width equal to 60 minutes, and “buy stop” orders will be placed on the high of the previous bar.
Trading: best times for a trend following strategy on Bitcoin
Unfortunately, as of today it is not yet possible for Italian traders to use cryptocurrency futures, which is why the strategy will be built on the spot market. The mode will be “long-only,” so the strategy will only carry out trades to the upside, since it is very complex to short on the spot market automatically.
The fixed monetary position used is $100,000, a purely symbolic figure because obviously spot Bitcoin is a very scalable market and it would be possible to trade even with positions of less than $1,00
We współpracy z: https://en.cryptonomist.ch/2023/07/29/optimal-times-trading-bitcoin/
