Bitcoin Forum

Whenever the market crashes, everyone holding a coin professes HODL. If you're a non-trader and confident that you invested in the right coin, by all means just hold. But a trader doesn't just hold altcoins.

Over the past 6-7 months, and even in the last couple of months, I've been swing trading to great effect. Whether the market takes a long-term bull or bear pattern, it's always conducive to swing trading as long as you don't get greedy.

How do I swing trade? Take multiple positions on steady, established altcoins, such as Neo, at low RSI(weekly). Sell at roughly 15-20% gain(relative to btc) and buy in at next pullback.

Established altcoins keep repeating the same pattern relative to btc, which is readily readable, even when fiat prices tumble dramatically and by swing trading, you can redouble your position over time without risk.

Even in a bear market, you're making gains.

Current situation of  market is best times to start for swing trading, because all crypto in the bottomed but because we dont know when the market will turn in to bull run so good strategy to do is always use stop loss and trail that stop loss area whenever the price going up.

Yes, swing trade became a good trade to take good profit but it also risky. All swing does not become not the same if the trader doesn't have a better idea in the trading method. So I think don't take any risk where you don't have experience, you could lose your capital. Yes, if you have a good experience in the trading market then you could do it.

That is one of the best method as compared to the crypto day trades and short term trading. I guess it works because of the volatility of the crypto currencies and thus you can always make it upto the multiple swings for that particular coin and win the situation. I am not sure if I can get 15-20% gains in single run but with the current bull and bears fight it is possible for sure. On the ordinary day anyone can get about 5% gains form the established coins. So yeah this really makes sense and most of the people shovel adopt to this method of trading.

Since I started trading, I have seen some success. Most of it has been short lived because I would never trade my coins back into fiat before a dip. It's not always the best trade, but it's better than what I was doing before. Most of the time, I would buy a coin while it was going up in value. Then I'd come back an hour, day, or week later and my investment would be anywhere from 10-50 percent lost. I don't use stop losses because I had heard so many stories of people losing out. So I'd rather spend my time actively trading.I am living proof that hodling is much better than trading. There are so many coins that I've bought into that I could have held on to and have made 20-30 times my money since I've begun.

Ive been doing swing trades since im still on forex and stock assets and i can say when it comes to potential profits using up this method or trade way is more profitable in crypto due to volatility. It can really give you 5% or more depending on which coin you are trading on but on part of that on the other side, the higher profitability there would always a corresponding higher risk than on forex trading.
For those people who do try out both things we can differentiate between risk and rewards in forex and crypto.
Swing trade cant really be learn overtime which it do require specific skills and experience to be profitable.

This is also my idea of a good trading strategy that would give me profits with minimal problems. I just have to wait for any coin together with Bitcoin to go down and try to figure out where would it end going down and I would start buying it and selling for a short bull run.

The best times to do swing trading or day trading according to price level and fundamental of that coin. If you first jump in to crypto in january last month, you should be did day trading, but if you just started right now its will best times to do swing trading because the price of many coin already in the bottomed and has potential to going up to 10 times. Combination of technical and fundamental analysis is needed for swing trading.

You can make profits, but sometimes doing nothing may achieve gains if the price changes sharply, and therefore all swing positions will be losses compared to the price of Bitcoin.
When prices turn red, holding stable currencies and buying when everyone wants to sell is the best.

Generally, trading needs some patterns and style to provide liquidity when there is not much to gain in the market but don't let greed control you.

This swing trading isn't for non-traders or traders with little experience for non-traders as mentioned by op just hold then for traders with enough experience swing trading could be very profitable just do your analysis well and ensure to have a profit target eliminating any atom of greed because even as it seems easy to trade it still a fast way to blow down accounts

How do you mean with this. Are you saying that a swing trader does not have losses? Then every trader turns swinging the trade. No it that no matter the style of trade whether shorting, longtime, scalper, day trader all make losses and losses is part of trade.

A swing trade with stop loss can lose if the trade reverts momentarily to chase out the stoploss.

A trade on swing if on wrong trend will be burnt.

To trade in this way, we really have a lot of practice and good skill.

Swing trading is a good way to gain money. You will endure problems and losses at first, but you will gain knowledge and experience as time goes on. Once you've mastered it, you'll be able to recoup your losses while also making a profit. After a few years, swing traders are unquestionably profitable. However, the most important thing to gain before trading is education.

What i like when it comes swing trading is you can literally prevent losses from any scenario especially false break out and FOMO. because every time when the growth rate starting to change direction you can immediately sell and you can buy back from the price where it will gonna make a swing. a very safe way or the best strategy for trading.. Unlike other strategies that you will rely on the whole day process wherein no matter what happen at least you have stop loss.. Lol  actually it depends on traders plan but i believe that's the common way of the most especially when it comes day traders..   :D

Whichever strategy plan a trader use, it can lose if it is a wrong decision. For example a swing in the wrong trend is a sure way to lose it doesn't matter anything if you get it wrong. A day trader even has a chance to reduce the lose because it is a shorter trade that you the possibility of losing faster than swing that delays for you to confirm lose because it takes longer time and the direction is possible to confuse you.

I like to swing trade, either on short or long term. It beats anything scalping which most traders like getting into and ending up getting burnt. Your strategy seems to be working for you but I hope it isn't doing so because it's a bull season. You know, during bull season almost every  strategy works into profit. We really can't judge a strategy during a bull rally. Wait for the bear season to set in and then you know if you've a strategy for keeps or one you will discard. BTW, what coin do you sell into to tether it, Bitcoin or some other stable coin?

This is very effective, especially on a bear market when everybody is fearful. I already tried this with some altcoins and yes quality altcoins before and after a few months profits are good.
Even you are using basics technical analysis, it will work.
But this method is not 100% guaranteed, there are a lot of altcoins out there that are still shitcoin, like it's not mean they are on a dip or bottom it is good to buy, some of them are just a trap.

That is if you can learn from the market movements to detect the movement and benefit from that situation. But most people can not do that since when the price increases, they are not selling the coins instead of waiting for the other high price. And that makes them still waiting but they do not know if the price can increase or get a correction. Usually, the price will go down after reaching the high price so we should know how to act based on the current situation.

Choosing the steady altcoin is not easy because that needs more observation in the market and more analysis to get the coins. But that is worth doing since if we can get more than one coin, we can increase the profit.

Swing trade is good when a market does not have too volatile time. To succeed, you must know how long a cycle of market usually start and end.

So you can enjoy swing trades in between of start and end of cycle. When it moves closely to end of a cycle, you must close your position and wait. After a new cycle starts and becomes stabilized, you can do swing trade again. You will lose profit if you get rekted at end of a cycle.

It really depends on the demand of that assets you are trading. If you are looking up trade and make a great profit with swing trading, you should look at the hot and most sought after tokens or coins. They are very easy to scalp and swing trade between hour frames especially the 4 hours and its doesn't necessarily need much duration to make out something in those kind of trades.
When you ignore above post, avoid swing trade because you may sell thinkoyou have made lots of profits from trades until the asset start pumping from your last exist.

I agree with OP's appreciation, especially when he talks about the bearish market, even so when the market goes down a good trader must win while the down occurs, when we talk about doing hodl the concepts change greatly.

If we have a culture at a financial level that is focused on investment, it is obvious that our mind will tell us Hodl, because we are investor in nature, but we cannot assume a hodl position in altcoins all the time, because altcoins depend directly on BTC and if BTC falls in price then altcoins fall quite strongly, and if the price of BTC rises in the same way, this is according to the type of personality you have.

As far as I know swing trading is we analyze for the medium term, so the analysis is for the next few weeks. With swing trading, our target will be further away from daily trading as well as stop loss, of course, will be wider than daily trading as well. In swing trading, we usually use a larger time frame to analyze it

This was not a good assumption as no once could figure out the exact bottom for any coin. Repeating same pattern is definitely short living one. If you buy by assuming a bottom then you may need to wait a prolong time when market shows another bottom. I have experienced this kind of wait with many coins even with bitcoin as well. Because, there will be no guarantee that every time market will bounce back after certain fall and there will be no limitation for any coin to have same bottom level. Making lower low is most common; in such scenario, your funds may get locked in.

There were plenty of examples where coins never bounced back and stayed at lower circuits; one good example is EOS (a coin after so-said huge successful ICO, lost more than 95% value and staying at lower circuit for more than 3 years).

So, swing trading may get you profits if you are lucky for not entering at the "last round" of pump and dump.

Swing trading through Dollar-Cost-Average may help you crack profits as this strategy includes your waiting time as well. No strategy without providing time for waiting may not work for profits all the times.

I was impressed today because I know about swing trading today. I never know about swing trading I was holding my crypto token in the deep and sometimes I sell in the deep it all depends on the nature of the token I hold and how raid the price drops. But now I will learn more about swing trading.

If I am going to choose, perhaps this time is the best scenario to buy coins in which We think has a potentials to increase again in the future while the price value of Bitcoin was down at the moment. Because surely, once the value of Bitcoin get increase again 100% the majority of the altcoins in the market will get also go up too.