11+ How To Swing Trade Bitcoin Background. The first thing you need to get started trading bitcoin is to open a bitcoin wallet. For example, you could build an automated trading strategy based on bollinger bands and the macd with the popular bitcoin trading bot, haasbot.
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Once this is done, a swing trader enters the trade in the opposite direction of the already established trend, hoping for the price to drop or increase right after. In terms of bitcoin, a swing trader is looking for moments when the price is unusually high or low and makes a profit when the price returns to the mean. Bitcoin deposits require six confirmations, which is about one hour.
Using the black bar at the top of the page, you can switch trading pairs.
Using the black bar at the top of the page, you can switch trading pairs. Focus on swing trading focus on long term trades based on daily, weekly timeframe. As per ig, there are four main kinds of trading: Swing trading is a short term, trend following trading technique which focuses on the local highs and lows of the market.
