Bitcoin Forum

So as of recently, because the market is so volatile, my current alt coins I usually swing trade with are going up in price. I usually only invest around $250-$500 per coin, then proceed to dump, and wait for the price to settle back down, then re-purchase and repeat. As of the last week or so I noticed my current alt coins I use to trade with which I believed to be pretty consistent, have decided to shoot up in price.

My question is this: How can I determine the new low point of the coin so that I feel more safe trying to trade and flip it?

regards

Swing trading is not like day trading because day trading is you are only trading within that day and no matter what happen you need to sell your bought coins in the same day while swing trading is buying coins now (like cheap coins) and you will sell it after a few days or even weeks. It is like investing short term and then selling it when the price is high.

I understand how it works, and the difference between the two, but I'm more or less trying to figure out how to determine what the new "low price" is of the coin. Especially if it has increased by 50% and stayed above there for a few days. Is this indicative of a pump and dump? or is it just the volatility of the market and I should be safe to swing/day trade as long as I keep track of my possible profits.

Thanks for responding, btw.

I first read forum there, announcement, if is something new...then look coinmarketcap - to see which colour is  ;), trend... Then research coin, low/high...how it woks...time...and a lot of luck...but Im new here, so Im interested for some advice too...

This just happened to me, except my coin is on a downtrend, I need it to shoot back up just a little bit in order to sell without loss. I'm waiting.

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If is trend bad...go to outside to the sun...nothing help...keep BTC.