/biz/ - Business & Finance

>>50987406
>I want to gain bitcoin now with swing-trading
Anon, you have to face the truth. If swing trading was easy everyone would do it, the reality is, it is fucking hard and you need nerves of steel to do it. There is no fomo or panic selling on swing trades, you stick with your TA until death.

To start, you have to come to terms that there is no fucking way in heaven or hell that you will make any money right now, the market is bleeding and is unstable, we are probably going into a range soon and it will be wild swings up and down from market makers to kill longs and shorts, so right now it's the worst time to attempt to trade if you are a beginner. The best thing you can do is to DCA your way down. If you truly believe that crypto will still be around by 2024, then buy, if not, then get out now and invest in something else, study for a better career, etc..

The first thing you need to know is to learn about market structure break, imbalances and liquidity grabs, just search on youtube for this. Then you will have to use 2 or 3 charts with different timeframes, one with a daily chart, a 1 hour chart and a 10-15 mins chart. You will be trading the 15 mins chart and use the other ones to know the current trend and to catch larger imbalances. Once you know about these concepts, do paper trading for around 3-4 months, once you are able to get all of your fake trades right, or at least 90-95% of them right, then you are good to go and start using real money. Remember that longing or shorting is riskier because whales and market manipulators are actively trying to kill your trade, it is fucking brutal. Also start with BTC only, none of that alt coin shit for now, leave that after you feel comfortable trading BTC