I have wondered with that strategy before but you need to monitor the price all the time in able to take those profits and before anything else, your capital. It may be look easy, simple and plain but applying this strategy needs you to have a goodperfect timing for the price pump and dump as well. And what's good about this strategy, it's not only good with bitcoin but it can be applicable to all crypto's and this will also lead you to be a day trader but you have to add some % of profit/increase.
but the problem that sometimes we face is we don't know the perfect timing to place our order and we only could guess when the pump is come and wait and hope that our order is filled. sometimes we can sell with the price we want, but in the other time, our order sell cannot fill when the pump comes but it's fine for waiting another chance. but it needs more energy to stay at the monitor and watching the price in all of the time because we have another thing that we should do so it is better to not spend too much time at front of the monitor.
