How to take advantage BTC Pump and Dump in short period? - page 7.

TheUltraElite

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Quote from: pavela2019 on October 27, 2019, 08:45:42 AM

How to take advantage BTC Pump and Dump in short period?

Buy them at the dump and sell them at the pump. However if you are doing this when the interval is short it is very likely that you would miss out at the proper point of buying or selling. It sounds easy but it is equally tough to execute.

Most traders actually look at the market when trading become more risky like buying at the pump and selling at the dump. Which is a loss unless the price pumps even more, the probability of which is low in the next few days.

Findingnemo

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Quote from: pavela2019 on October 27, 2019, 08:45:42 AM

How to take advantage BTC Pump and Dump in short period?

Actually no one knows.It maybe a luck or just you traded at that time as coincidence or it can be anything but no one can accurately predict the price movements and get the most profits from it,if you see profit then sell it the later price either may go higher or lower just be satisfied if you make profits.Bot is just a too to help your trading orders but there is no assurance of profits while using it.

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Quote from: Deathwing on October 27, 2019, 09:07:13 AM

This is mostly achieved with experience in graphs.

Extremely disagree on this one. Even TA analyst that i'm following admitted that he himself don't really understand price of BTC movement. Because no one will ever predict the price if its being manipulate by whale. If you see the graphs of previous movement of BTC. You will notice that in every pump and dump of BTC. The graph showing that volume percentage during price dump and pump is equivalent meaning whales is doing something. In own analysis. Whales set a position on leverage trading with high multiplier then dump their huge amount BTC on exchange such as binance or okex. We all know that the price of leverage exchange like bitmex depends on crypto exchange so once they dump or pump btc on exchange. They will gain huge amount on leverage trading. The loss on dumping/pumping btc is minimal compared to the profit on leverage trading.

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Quote from: pavela2019 on October 27, 2019, 08:45:42 AM

How to take advantage BTC Pump and Dump in short period?

You simply buy high, sell now.

But if you'd ask me, don't. In a short timespan, you're pretty much gambling as you'd have no idea where the price will go. And yes, even if you use technical analysis. TA isn't some magic tool that you can accurately predict price movements. Just use the dumps as an opportunity to grab more bitcoins to hold for the longterm.

masulum

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hmph..

Quote from: pavela2019 on October 27, 2019, 09:13:38 AM

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?

The best strategy to take advantage on pump & dump market is strategy by yourself. It's mean, you need to learn how making a price prediction with Technical Analysis and you need to check a news related with Bitcoin. Using bot not a solution for you. Sometimes the bot it works fine, And sometimes it will stop. If your bot stopped when momentum to reversal, you will miss that chance.

elda34b

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Quote from: pavela2019 on October 27, 2019, 09:13:38 AM

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?

The only possible way to get some gains from the pump & dump is through margin contracts. There might be a bot that supports trading there, but 'short period' trading is never accurate. Especially if you aim for 5 min or 1 min marks. Bot is just a tool to help you with executing orders, I doubt they'll help that much if you aim for short period trading except if you're scalping, which is not possible in insta pump & dump case.

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if you know graph then it will be easier to catch bitcoin pump and dump.I follow graph though I am not expert in graph trading and sometimes i follow the news to make profit from btc.

Quote from: pavela2019 on October 27, 2019, 09:13:38 AM

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?

Using bot for trade is risky if you are new trader.I have no experience but read few article about it.Many people lost their money and many people make profit form it.But I don't want to take risks and love to trade manually.If you are interested to know more about bot trading maybe this article will be helpful.
Crypto trading Bots Guide

pavela2019

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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?

Deathwing

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This is mostly achieved with experience in graphs. There are people who have several monitors in front of them at any hour of any day, monitoring the graphs. There are bots working 25/8. If you trust your graph reading skills, you can have sites like cryptowat.ch, livecoinwatch etc. (basically, tickers) in front of you and if you decide that Bitcoin is getting pumped, go ahead. For dumps, it's more about speed though. Dumps usually happen in a very short span, while pumps are rather "slow but oriented" in comparison to dumps.

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How to take advantage BTC Pump and Dump in short period?

Topic: How to take advantage BTC Pump and Dump in short period? - page 7. (Read 756 times)