Topic: How to take advantage BTC Pump and Dump in short period? - page 6. (Read 756 times)
As other people say mostly people who do this short trade or margin trade they have at least 2 or 3 monitors and a lot of time is need to do this, if have enough time and can buy some pc then you can make some profit daily when bitcoin price go up and down. But before try with low amount to see how is going.
How to take advantage BTC Pump and Dump in short period?
I also had questions like you. I am always looking for good times to make buy orders. but I suddenly realized that there was no perfect time for a market that was heavily manipulated like cryptocurrency.Therefore, we only expect luck to be profitable in the unexpected pump like today.
but always remember, once the signal is clear, you can start trading. Don't place orders like gambling, luck will not come to you.
Actually you can use some indicator to know on which position you can enter and you can search the trading view and this provably can help for people who wish to trade in short or long.
As other people say mostly people who do this short trade or margin trade they have at least 2 or 3 monitors and a lot of time is need to do this, if have enough time and can buy some pc then you can make some profit daily when bitcoin price go up and down. But before try with low amount to see how is going.
It's a big advantage to have that but I think it's not necessary since not all people can afford to buy that and sometimes 1 is best since the only thing we need to do is to follow the market trend,read the chart and secure the profit.
How to take advantage BTC Pump and Dump in short period?
I also had questions like you. I am always looking for good times to make buy orders. but I suddenly realized that there was no perfect time for a market that was heavily manipulated like cryptocurrency.Therefore, we only expect luck to be profitable in the unexpected pump like today.
but always remember, once the signal is clear, you can start trading. Don't place orders like gambling, luck will not come to you.
Simple way is you should buy during running pump and sold it when you already have some profit like 5 or 10 percentage.
Even 3 to 5 percent profit margin would be more realistic and could be more achievable whereas a target of 10 percent at once might prove a little bit harder.
Gaining profit from a BTC pump and dump is all about proper timing of your entry and exit positions, on the condition that you'll be contented for a small profit and not set your profit target so high so as not to be burned. Repeat untill ... 
Yes setting automated trade is the best way I have tried this with BNB in the past and it will work for bitcoin as well that's auto buy when the price falls and set a target for auto sell then convert the profit to USDT and repeat the same with principle amount to earn more profit. But setting unrealistic profit margin will not be of any help.
Absolutely! I think it would be ideal if we could use automation in trading to make our trades more effective and profitable especially in pump scenarios like this. I guess it might be good also if you can tell us what tools you are using to expedite your trading activities.
How to take advantage BTC Pump and Dump in short period?
I know it sounds really enticing to try and day trade bitcoin, especially for the dumps and pumps, but I'd highly advise against it. What we saw in the past few days was amazing, 40%++ gains in a single day is unheard of, but what happened was an isolated case that could easily have gone in the different direction.
Unless you're well immersed in the crypto community and have the time and effort to dig into research and analysis, don't waste your time and money and just HODL and wait.
I think currently using prices under $ 8000 is indeed very appropriate. if you already have bitcoin at a price below $ 8000 and are still holding it in until now, that's how to use the dump, and pump bitcoin in the near future.
in fact, some people have discussed that the price below $ 8000 is very appropriate to benefit for now. seeing the future development for bitcoin is quite promising, I think if you want to take advantage of crypto in the near future when the price of bitcoin goes down, it might be an opportunity to buy it.
The very basis rules is always buy at the bottom and sell when you already achieved your target. The pump and dump happened after big news being broadcast, most of the time people panicked when they've heard bad news about this market while if there's good news that spreading expect to experience good market movements. in fact, some people have discussed that the price below $ 8000 is very appropriate to benefit for now. seeing the future development for bitcoin is quite promising, I think if you want to take advantage of crypto in the near future when the price of bitcoin goes down, it might be an opportunity to buy it.
You can take advantage when you understand how to handle those news, and how will you act according to what the market is bringing to your investment.
I don't use bots but the answer is very easy and not complicated. Are you monitoring the market from time to time? that's all you have to do and get into your position during the low prices and tune in until the price of BTC goes up.
And once you see that you've made profit and your capital has increased, sell it, that's it.
And once you see that you've made profit and your capital has increased, sell it, that's it.
I think it's not that easy to get profits from daytrading , we're not only not able to monitor the exchange all the time but we have to know the knowledge of daytrading.
And sometimes we have to cutloss if we lose on a trade and not holding our loss too long.
I think currently using prices under $ 8000 is indeed very appropriate. if you already have bitcoin at a price below $ 8000 and are still holding it in until now, that's how to use the dump, and pump bitcoin in the near future.
in fact, some people have discussed that the price below $ 8000 is very appropriate to benefit for now. seeing the future development for bitcoin is quite promising, I think if you want to take advantage of crypto in the near future when the price of bitcoin goes down, it might be an opportunity to buy it.
in fact, some people have discussed that the price below $ 8000 is very appropriate to benefit for now. seeing the future development for bitcoin is quite promising, I think if you want to take advantage of crypto in the near future when the price of bitcoin goes down, it might be an opportunity to buy it.
Short trading is not so easy. If you know to analyze candlesticks and others. Maybe it could give information when to buy and when to sell. I'm not into day trading because you can only get small profit from that. Some traders use bot trading so they can easily buy and sell at the right time. I don't know if they are accurate all the time tho. I prefer long term trading because it's easy. Just always set the stop loss.
Actually day trading gives more profit if you know what to do, utilizing the dumps and pumps. Holding is so easy but you can even take 3 years without making any profit.The problem with people is greed. If the bitcoin price rises, always sell off when you hit your target and then buy the deep. but you find someone hodling BTC and not selling it off at the all time high and expecting to sell it off when it hits $50K.
Someone who sold off at $18k or $16K and the bought again at $4k during the dip waiting to sell off soon again has made more money.
Gaining profit from a BTC pump and dump is all about proper timing of your entry and exit positions, on the condition that you'll be contented for a small profit and not set your profit target so high so as not to be burned. Repeat untill ...
Yes setting automated trade is the best way I have tried this with BNB in the past and it will work for bitcoin as well that's auto buy when the price falls and set a target for auto sell then convert the profit to USDT and repeat the same with principle amount to earn more profit. But setting unrealistic profit margin will not be of any help.
You simply buy high, sell now.
The short answer you needed very much. Although you get small profits, it is nonetheless profit but I'd still recommend long term investments instead of short term ones. Plus, you gotta know how to read the graph and analyze, predict and guess where the chart will move after the 1 hr mark, 3hrs, 5hrs, 10hrs and more. Basically you gotta stay on the move and always be on the spot analyzing the charts. You basically can't remove yourself from reviewing the chart since any change that is done could be a potential profit for you. So yea, anything a short term investor needs is also needed by a long term one so I'd suggest going for a long term one instead.
How to take advantage BTC Pump and Dump in short period?
It's very simple, in order to take advantage of btc pump/dump, you should build yourself as a advanced trader. Other you can't take advantage since you are newbie on that field. This is quite risky game during pump and dump, so you should play with how much you can afford loss. You shouldn't forget when your are getting profits someone on other side is losing. Simple way is you should buy during running pump and sold it when you already have some profit like 5 or 10 percentage. Waiting for big profit would loss your fund. Same like you may follow during dump. You should happy with small profits, be greedy would cause lose your fund on that game.
Short trading is not so easy. If you know to analyze candlesticks and others. Maybe it could give information when to buy and when to sell. I'm not into day trading because you can only get small profit from that. Some traders use bot trading so they can easily buy and sell at the right time. I don't know if they are accurate all the time tho. I prefer long term trading because it's easy. Just always set the stop loss.
Actually day trading gives more profit if you know what to do, utilizing the dumps and pumps. Holding is so easy but you can even take 3 years without making any profit.The problem with people is greed. If the bitcoin price rises, always sell off when you hit your target and then buy the deep. but you find someone hodling BTC and not selling it off at the all time high and expecting to sell it off when it hits $50K.
Someone who sold off at $18k or $16K and the bought again at $4k during the dip waiting to sell off soon again has made more money.
Gaining profit from a BTC pump and dump is all about proper timing of your entry and exit positions, on the condition that you'll be contented for a small profit and not set your profit target so high so as not to be burned. Repeat untill ...
Short trading is not so easy. If you know to analyze candlesticks and others. Maybe it could give information when to buy and when to sell. I'm not into day trading because you can only get small profit from that. Some traders use bot trading so they can easily buy and sell at the right time. I don't know if they are accurate all the time tho. I prefer long term trading because it's easy. Just always set the stop loss.
Actually day trading gives more profit if you know what to do, utilizing the dumps and pumps. Holding is so easy but you can even take 3 years without making any profit.The problem with people is greed. If the bitcoin price rises, always sell off when you hit your target and then buy the deep. but you find someone hodling BTC and not selling it off at the all time high and expecting to sell it off when it hits $50K.
Someone who sold off at $18k or $16K and the bought again at $4k during the dip waiting to sell off soon again has made more money.
I'm not into day trading because you can only get small profit from that.
Long term investing is less risky for sure. However, day trading is far more profitable but it requires more dedication and experience. 1% daily profit from day trading is far better than 100% profit after a long year of holding.
It depends on how much you are willing to invest though.
I don't use bots but the answer is very easy and not complicated. Are you monitoring the market from time to time? that's all you have to do and get into your position during the low prices and tune in until the price of BTC goes up.
And once you see that you've made profit and your capital has increased, sell it, that's it.
And once you see that you've made profit and your capital has increased, sell it, that's it.
Short trading is not so easy. If you know to analyze candlesticks and others. Maybe it could give information when to buy and when to sell. I'm not into day trading because you can only get small profit from that. Some traders use bot trading so they can easily buy and sell at the right time. I don't know if they are accurate all the time tho. I prefer long term trading because it's easy. Just always set the stop loss.
Everyone is different in utilizing when bitcoin goes up and down, advice from me if you just analyze yourself about the BTC chart, look for sources of clear and accurate information, and right now to use BTC even though it has gone up but I am sure this will continue to go up more high, and just follow people who are experienced in trading.
I asked the same question at another forum and someone suggest to use Bot. The key question is what strategy to use even we use bot?
Bots are only for those who are experienced traders and know exactly bot will behave on different situations.
The best way is to take entry after the break out. In this way, the profits might be slightly less, but it will be confirmed that bitcoin has breakout from the falling wedge and it will move to at least the next resistance level. I don't know if you are familiar with all this trading terms.
The safest strategy is a long-term one. Buy at the lowest price possible and wait for the value to rise. Bitcoin has shown over time that is has a constantly growing market value and it's support levels has been rising over the years.
A short term strategy is not much if a strategy at all, it's simply a roll of a dice. Yon can buy into a pump on the way up, buy predicting the next direction of the market is almost impossible.
A short term strategy is not much if a strategy at all, it's simply a roll of a dice. Yon can buy into a pump on the way up, buy predicting the next direction of the market is almost impossible.
How to take advantage BTC Pump and Dump in short period?
With margin trading you can actually earn in both tge pump and the dump so long as you know the entry and exit points. Also with margin trading trend is your friend. Right now the trend calls for longs and it has been so for a few days now. People who carefully follow the bear trend earlier on in the week and the Bull trend later this week have earned massively Jump to: