Is Bitcoin suitable for swing trade ?

[Corsicoin]

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!

[wayaneka]

Yes Bitcoin is suitable for swing trading because this crypto has high trading volume and we can see from historical of the price, Bitcoin been going up about 30 times just less in 1 years. We have to have more skill and konwledge when best times to buy it, for how long to hold and when best times to sell it and then when best times to buy again.

[Nisharawal]

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!

Swing trading is possible in Bitcoin's trading and I think I have done a good job in swing trading the Bitcoin from past few years. Actually, the Bitcoin price movement is really trending good and the supply & demand behavior is really good comparing to every other major cryptocurrency. You just need to enter on the right time after the bottom has been made because once the bottom is been made, you won't get enough time to enter your positions, and so you need to be proactive in order to swing trade the bitcoin on the right price at the right time.

[capoeira]

there is no other way to trade BTC lol.
the rest is gambling

[Gozie51]

Bitcoin is the coin that is more suitable in swing trade more because it is highly volatile, market is never dull with its pair even while on bearish.

I would swing with bitcoin pair more than any other coin on a good day.

[Daniel9140]

I still believe that their is a way you can swing trade bitcoin as Bitcoin has a lot of volume and the volatility is high and this makes it possible to be able to swing trade bitcoins

[newinbtc]

You can, but you have to be very disciplined to stick to your strategy.
You must have crypto stock To buy A Dip, Do not invest more than 4k$ a day and 1k$ In one shot. Sell until you get your Result.

Bitcoin market is unpredictable. So If you buy at 7000$ Next day It can go to 6500$. If you sell at 6200$ it can jump to 7000$. So Think before you sell

[Sanchezino40]

You can actually swing trade with anything if you are determined to do that. But the real issue is that your have to be very smart or else you get yourself rekt. I mostly swing trade with Altcoins in order to increase the amount.

[rayk]

Bitcoin is the coin that is more suitable in swing trade more because it is highly volatile, market is never dull with its pair even while on bearish.

I would swing with bitcoin pair more than any other coin on a good day.

I agree with you, it is very suitable for swing trading but I think best profit is in holding instead of trading.

[pobeditelvezde]

Bitcoin is an excellent asset for swing trading because there are strong and long trends in bitcoin. Why to guess, you may try out to trade bitcoin yourself to figure out whether bitcoin is suitable for your style of trading. Well, you can give small amount of money  and begin trading bitcoin because namely your own experience will help you to understand trading bitcoin better. From my point of view trading bitcoin is similar trading on commodity market so if you are familiar with trading on commodity market bitcoin is a suitable asset for you.

[leonix007]

Its not as easy as you think

The high volatility may REKt you

Learn, study and master some indicators

start with minimal amount and build confidence

some folks spent amount of time to fully understand how this crypto world moves

Some were left, and others stay and burn some coins and continue learning

 

[manggis97]

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.

[Binugon]

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.

[aervin11]

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

[consideritdone]

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

[leonix007]

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

[luckyluigi]

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.

[kakonhat]

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.

[eaglewhite80]

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.

[Moiyah]

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.