Everyone trades $BTC price without seeing perfect time..
The 3PM UTC Dip.
I backtested last 7 days. 5 out of 7 days, $BTC dipped at 3PM UTC.
Why?
8AM UTC - London opens, market pumps
1PM UTC - New York opens
3PM UTC - Overlap. London books profit + US dumps = DIP
Avg move: 0.7% - 1.2%
Perfect for short scalp.
Check your 1H chart. Today 3PM UTC - will it repeat?
I trade TIME, not price.
#bitcoin #strategy
The 3PM UTC Dip.
I backtested last 7 days. 5 out of 7 days, $BTC dipped at 3PM UTC.
Why?
8AM UTC - London opens, market pumps
1PM UTC - New York opens
3PM UTC - Overlap. London books profit + US dumps = DIP
Avg move: 0.7% - 1.2%
Perfect for short scalp.
Check your 1H chart. Today 3PM UTC - will it repeat?
I trade TIME, not price.
#bitcoin #strategy