How will one profit along a short-term Bitcoin swing?Not intended to be a piece of financial advice.
Bitcoin is now in a swing mood within a range. May reverse from around 30500 in an hourly timeframe.
Traders are, by nature, opportunists. We need to have an open and clear vision of the mindset of an opportunist. Therefore, we follow the game and play accordingly. There are simple rules and simple objectives. The goal is one - win.
When heavy traders begin to sell off, the swings occur as soon as buyers jump in. In this scenario, the TA creates a simple algorithmic opportunity for all who can see it happening and know when to enter and exit.
If I were to enter the game, I'd enter along with the signal confirmation and exit as soon as the signal flashes. No deep thinking. No emotional attributions. There are no ifs or buts in the market. It just happens, and when happens, it doesn't wait for anyone out there. Get in and get out at an algorithmic decision.
