I look for a climb and then a big fall like in the image. When I see the bottom of the dip start to climb I buy. I wait on the 5 min time scale and after 1-6 hours I see a peak start to dip and I get ~10 min of red candles and I estimate its starting to decline I sell and make a small profit. I keep doing this on all coins that seem to be long bull run coins; this is so I dont enter a trade and get stuck waiting forever for it to rebound or have to cut my losses and take a loss to free up the money. If I make 50$ I consider that a very good win, but I will go as low as 10$ profit, with my goal to make a whole bunch of little trades with what I am assuming is a low risk stratagy. Is this low risk?
I'm no expert on day trading but having done a little bit of it a few years ago I'd say this looks like a good strategy. The only thing I would say is that it's purely based on technical analysis, right? So if you head onto the
Press section you may find that an increase in volume and price is tied to an event (like recently a major event was Tesla buying $1.5bn worth of BTC).
Also, are you setting stop losses during the bull runs? I used to set a stop loss slightly below the price of the coin once it rises a bit in value, say around 10% (but it may vary depending on how wildly the coin you are trading fluctuates - with Bitcoin it might be a bit less than 10%), so that my money is fairly safe.
I wish I knew how to program a bot to do this.
Have a look at
this thread. It may help with short-term trading strategy and inform you how you would program a bot, or you could buy that one.
To be completely honest some of the reply's I get on this board sound like people who have no idea what they themselves are doing, because if they did they would offer solutions.
This forum has a lot of people on it who post primarily to get money from advertising in their signature, so there's a lot of spammy posts. Hope I helped at least a little.