Is Bitcoin suitable for swing trade ?

Ewinsane

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Quote from: apityeh71 on October 02, 2018, 02:46:11 AM

Bitcoin is good asset to use for long term investment by duration 1 to 2 years. There are alot of others opportunity to make invest in others asser in long term, and Bitcoin is one of the that asset. And Bitcoin also will be promising higher profit than others kind of asset. We have to know the trend of the crypto market so we will know when good times to buy and sell it

Any market is good for swing trading as long as you know what you are doing. This is not just about bitcoin being an asset as that is something I believe everyone already knows, but this is about the ability to trade the fluctuations or trends when it comes to the market as the market will always swing every time depending on the time frame you decide to make use of, and to swing trade or even do any type of trading, it is your knowledge that will always pull you through in any market, and as far as a market swings a lot in the short term, then bitcoin is obviously good for swing trading.

Quote from: Kevin77 on October 04, 2018, 02:15:43 PM

This is a volatile market, and obviously the market will always move in different directions at certain point in time

A swing traders will love the volatile market conditions still there will be zero guarantee that you could achieve what you actually look for. Because, getting struck into unexpected market movement is most common in any volatile markets.

Kevin77

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Quote from: rumexx on October 02, 2018, 03:28:36 AM

Swing trading is best strategy for bitcoin because of the price movement of bitcoin in the market. Bitcoin price movement is speculative and can not be predicted correctly. As a swing trader you decides how long you will hold and watch the market till you get out of the market when the price is being hit. If you want to use day trader strategy(scalping) it may proof so difficult for you to make anything reasonable because you will be trading under tension and may not be able to make correct decisions.

I would not say it is the best strategy as there are so many other strategies you can use when it comes to trading but that depends on what you are comfortable with. Nonetheless, and like you said, swing trading is a type of trading that is generally good for any volatile market.

This is a volatile market, and obviously the market will always move in different directions at certain point in time, it is only left for you as a trader to know how you want to be entering a position based on those swings and when you want to be exiting. I am a swing trader and I enjoy being a swing trader in the crypto market anytime any day.

Lanatsa

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Quote from: paxaway21 on October 04, 2018, 12:23:40 PM

Quote from: Corsicoin on April 24, 2018, 09:23:17 AM

I'm swing trading in the classic markets.
Just want to know your experience in swing trading Bitcoin during Bull Market and Bear Market.
Thanks for your participation!

Bitcoin is also waiting for ethereum's price to increase and waiting for it to swing its price of these two coins bitcoin so stable for its price now.

Total shit post yet theres no such thing on where bitcoins price do waits up as you mentioned it do waits on ETH price.? Seriously? Swinging prices can happen on any coins in the market but since we do talk about Bitcoin alone then making swing trades would be applicable but waiting up for reversals wont really be that easy yet it would stay up for months or even years.If you do make scalping then you might able to
make some staggard profits but as normal it wont be an easy task.

paxaway21

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Quote from: Corsicoin on April 24, 2018, 09:23:17 AM

I'm swing trading in the classic markets.
Just want to know your experience in swing trading Bitcoin during Bull Market and Bear Market.
Thanks for your participation!

Bitcoin is also waiting for ethereum's price to increase and waiting for it to swing its price of these two coins bitcoin so stable for its price now.

rumexx

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Swing trading is best strategy for bitcoin because of the price movement of bitcoin in the market. Bitcoin price movement is speculative and can not be predicted correctly. As a swing trader you decides how long you will hold and watch the market till you get out of the market when the price is being hit. If you want to use day trader strategy(scalping) it may proof so difficult for you to make anything reasonable because you will be trading under tension and may not be able to make correct decisions.

apityeh71

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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Bitcoin is good asset to use for long term investment by duration 1 to 2 years. There are alot of others opportunity to make invest in others asser in long term, and Bitcoin is one of the that asset. And Bitcoin also will be promising higher profit than others kind of asset. We have to know the trend of the crypto market so we will know when good times to buy and sell it

andriarto

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Quote from: paramelton on August 24, 2018, 08:40:29 AM

BTC has been bouncing around the 8400 - 6000 range and you'd be thinking why not sell on the high and buy on it's low? Because, as soon as you sell at 7000 it skyrockets to 8400 Alternately, as soon as you buy at 7500 it'll go down to 6000. If the market were that predictable, everyone would do it. Instead it's a massive game of "I know you that you know that I know..." repeating forever and always.

no one knows where the price will go, we can only predict in the long run that BTC will soar. Price fluctuations make people panic, and sell them, while at that time there are whales who take advantage of opportunities

paramelton

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BTC has been bouncing around the 8400 - 6000 range and you'd be thinking why not sell on the high and buy on it's low? Because, as soon as you sell at 7000 it skyrockets to 8400 Alternately, as soon as you buy at 7500 it'll go down to 6000. If the market were that predictable, everyone would do it. Instead it's a massive game of "I know you that you know that I know..." repeating forever and always.

Vangar

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Cryptocurrencies fluctuate a whole lot more than classical markets, such as stocks and commodities. The tactic, however, is applicable in the same way as with other assets, with a difference that timing is a lot more important. Cryptos are more exciting in this specter, especially in bull and bear periods, as it is not a single up or downline. It goes up, falls down, then goes back up tremendously again within 10 minutes, and on again.
You may want to try out other tactics when trading cryptos, so here's an article for you to check them out https://www.cryptocointrade.com/about-trading/crypto-trading-strategies/.

gaurav82

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You can try bitcoin for swing trading. This is high volatile coin. There is risk too. I will not advise to doing this. It need a good experience. In end I want to say money is yours, decision is yours, go safe.

rickadone

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It is probably a lot more suitable than any other thing it is currently used. Swing trades require a lot of changes on the prices and a lot more volatility rather than stable and btc has always been really volatile as far as I can remember.

Hence, swing trading could be best practiced on bitcoin rather than any traditional ways of doing it. However, you should also be careful of where you can find to do this swing trading, bitcoin is not something like gold where you can find a 300 year old company, bitcoin is new and swing trading may be dangerous on some shady website, hence you should be careful.

Moiyah

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Proudly say that I'm a swing trader. I have been into it for several months and it's kinda risky than a margin trader itself. Both are challenging but it takes my full attention to the market. When you are just planning to be a swing trader, I suggest you study some indicators. Three to four indicators are enough for basis. Also, you can still gain profit even if the market is bull or bear. Just do a cut loss whenever you have an entry.

eaglewhite80

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Why not? It is a market and apparently, there will always be swings and if you have a very good strategy in pulling your trade off based on your signals or whatsoever, then you can easily swing in a bitcoin market. However, due to its high volatility, it is one market you really want to be sticking with a very principled strategy and sticking with it no matter what. It is a decentralized market and manipulations are possible, but if you know what you are doing technically, you will always enjoy those swing movements.

kakonhat

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Crypto in my Blood

Yes, we can say that Bitcoin is suitable for swing trade But nowadays you can't get a good swing in Bitcoin. Yes, there are have some others coin for swing trading at this moment like an Ethereum, EOS. But if you feel free to trade in Bitcoin then you can no problem for swing but there you could get a small swing at the current situation, so I said that you can't get a good swing. However, now it's your personal matter. Thanks.

luckyluigi

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You can always try that because there is many of great strategies that people are just afraid to use and so by that reason they are not successful here, and then you can share your experience with us.

leonix007

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Grow with community

Quote from: consideritdone on August 22, 2018, 12:34:57 AM

BTC just swong up to almost $7000 for a few minutes https://www.coingecko.com/en/coins/bitcoin

Yeah, a nice move from manipulators

they've done it while Bitmex is in maintenance mode

no chance for shorters to close their positions

result, a yummy REKT

Clap, Clap

Next time, we now know any consequences on this type of movements

consideritdone

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BTC just swong up to almost $7000 for a few minutes https://www.coingecko.com/en/coins/bitcoin

aervin11

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Quote from: Corsicoin on April 24, 2018, 09:23:17 AM

I'm swing trading in the classic markets.
Just want to know your experience in swing trading Bitcoin during Bull Market and Bear Market.
Thanks for your participation!

Bitcoin is undeniable ideal for any kind or ways of trading, maybe because it has more than 50% of the marketcap ($100Billion+) and is paired with other cryptocurrencies in almost all of the exchanges. Bitcoin is not far from classic markets, it's just too volatile and having a shaky situation where ETF's is the judge

Binugon

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Quote from: Corsicoin on April 24, 2018, 09:23:17 AM

I'm swing trading in the classic markets.
Just want to know your experience in swing trading Bitcoin during Bull Market and Bear Market.
Thanks for your participation!

At the moment most beginners use scalping or day trading strategies, some of them survive doing this short-term trading strategy, but there are also some that end up not at home, therefore swing trading is a good alternative, because swing trading provides flexibility and ease in arranging trading position setup for profit.

manggis97

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Yes its good for swing trading, Is very hard to know how high BTC will to go when bullish market so by use trailling stop will help to get maximum profit , when crypto market on bull run is better to trade BTC on the exchange and when we have prediction the price already overbough is better sell all of that BTC and move some money in to other platform trading that offer profit from short potition like MT4 platform, so by this way we can make profit from bullish and also bearish as well.

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