Types of BTCUSD Traders

Bitcoin traders can be categorized based on how long they hold their positions and the lot sizes they trade, leading to different trading approaches and strategies.

The most regular trading types are:

Scalpers
Day Traders
Swing Traders
Position Bitcoin Traders

Scalpers

This is one of the more popular methods of trading Bitcoin, traders will open and hold their trades transactions for a period of a couple of minutes only and profit from only a few points movement. Traders will use the one minute charts to figure out the current market trend and open transactions using this one minute Bitcoin chart.

Scalpers will aim to make a profit of between 50,000 and 100,000 points per trade. 1,000 points is equal to $1 dollar change in the BTCUSD price, henceforth this profit target is a $50 to $100 change in price.

Scalpers will also open many contracts at the same time so that they can make more profit per each trade. For example, a trader might decide to open 10 Bitcoin contracts. If their profit target ranges from $50 to $100 per contract, they could earn between $500 and $1,000 on that trade. This calculation emphasizes how multiple contracts can amplify profit potential depending on the trader's chosen strategy.

Day Traders

Day traders enter and exit positions within one day, avoiding overnight Bitcoin holds. They check 5-minute or 15-minute charts to spot Bitcoin trends. Trades last a few hours, aiming for gains from short-term moves.

Day traders will aim to make a profit of between 700,000 and 900,000 points per trade. 1,000 points is equivalent to $1 dollar change in the Crypto price, therefore this profit target is a $700 to $900 change in price.

Swing traders

These traders open positions and hold them for a few days to capitalize on intra-week market trends lasting two to three days. Occasionally, they leave trades open overnight to potentially maximize profits.

Using this one-hour chart time frame, these traders will make deals based on the trend of the bitcoin market price as determined by the one-hour Bitcoin trading charts.

Swing traders aim for profits ranging between 1,000,000 and 5,000,000 points per trade. With 1,000 points representing a $1 movement in Bitcoin price, this target translates to gains of $1,000 to $5,000 per trade session.

Position BTCUSD CryptoCurrency Traders

Swing traders keep positions for weeks or months. They target medium- to long-term bitcoin trends for gains.

Position traders will use the Daily and Weekly charts to figure out the market price trend and place trades using these daily and weekly Bitcoin price charts. Position traders will aim to make a profit of between 20,000,000 and 50,000,000 points per trade. 1,000 points is equivalent to $1 dollar change in the Bitcoin price, therefore this profit target is a $20,000 to $50,000 change in price.

About Day Trading Method

The most popular method of trading Bitcoin Crypto Currency is the intra-day trading method, most Bitcoin traders prefer to day trade Bitcoin and open and close out their trades within the trading day. These traders will hold their trades open only for a couple of hours. This way a trader will aim to make profits of between 100,000 and 300,000 points which is the average daily movement of Bitcoin prices. This is about an average of $100 to $300 profits everyday. At the same time a btc usd trader can close their trades quickly in case the market trend moves against their trade direction.

A 1,000-point shift in the market value of Bitcoin, which is equivalent to one Bitcoin contract, is equal to a dollar change. For example, a 1,000-point shift in bitcoin prices is represented by a movement from $5840 to $5841, which is represented by $5840. 000 and $5841. 000, respectively.

Intra-day Trade Example

The illustration presented henceforth pertains to a one-hour timeframe utilized for intraday trading activities. A day trader would leverage this 60-minute chart as the basis for initiating trades. Given an observed uptrend in the depicted scenario, a trader dealing in BTC/USD would have opted to establish a long position. Should the trader have acquired one standard lot of Bitcoin at the price of $5465.000 and subsequently liquidated that position at $5845.000, the resulting price appreciation per contract would amount to $380. This translates to a movement of 380,000 points, a calculation derived from the fact that Bitcoin pricing is presented with three decimal places.

Bitcoin Trader Types - Scalpers, Day Traders, Swing Traders, and Position Traders

1 Hour Bitcoin Trading chart

For Bitcoin, each point of profit equals $0.001, so the profit from this trade is $380 from just this one trade.

Day traders use only the 1-hour chart. They hold positions while the trend favors them. When the trend shifts on the 1H chart, they close bitcoin trades. They wait for the next setup to trade again.

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