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28924039 No.28924039 [Reply] [Original]

I've got a few hundred I want to grow. Do I just watch bitcoin and throw it in a random coin based on when btc dumps/pumps?

>> No.28924177

Don't swing to increase your profits, using swinging to limit your downside risk in the current market climate. a bubble like this favors buying and SELLING, not holding. just swing and take out your initial investment, and hold whatevers left through the crash. it can't keep going up this fast, the whole market is on thin ice.

>> No.28924213

>>28924039
My wife and I always talk about it but I think we're both too chickenshit to try.

>> No.28924256
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28924256

>>28924039
YOU ONLY HAVE ONE TASK

>> No.28924979

I don't understand swinging, I bought btc and it went up 200 dollars but according to binance I'd make less than I put into it by selling now, why?

>> No.28925024

>>28924256
lol based

>> No.28925129

>>28924039
I'll swing, but only if your wife is hot

>> No.28925154
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28925154

>>28924979
You're going for too big a swing bro.
I scalp btc for $10-$12 a pop, fully leveraged.
It's high risk, but I made $89 yesterday.

>> No.28925211

>>28924039
Sure, me and my girl have been known to have a good time and get a little freaky. What do you bring to the party?

>> No.28925232

>>28925154
>I scalp btc for $10-$12 a pop, fully leveraged.
Max leverage as in 125x? What strategy/indicator do you use usually? I've been trying to mess around with it but keep losing money maybe because I'm an emotional trader

>> No.28925330
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28925330

Yes my last swing was off XLM, was looking for those last pumps before btc dominance spiked.

>> No.28925764

>>28924039
I'm kind of a swinger but my wife doesn't want me banging other women so it's just her and her bulls.
Otherwise I'm all in LINK and secretly gay.

>> No.28926107

>>28925764
Reddit af

>> No.28926121

>>28924039
That's a bad strategy, if you could even call it one. Divide you stack into long term holds, mid term holds (swing) and short term (day trading). Get a premium tradingview subscription and start learning basic TA. People will say it's bullshit, but it can be very profitable. You must have a strategy and stick to it tho. And you must learn risk management. Use stop losses, take trades with a low risk:reward. etc.

Learn about RSI and other oscillators and how to spot divergence. Learn ichimoku cloud which is great for higher time frame trading. Look at the godmode indicator (wycoff mode on tradingview talks about it a lot). Learn elliot wave. Just learn as many indicators as you can and look for confluence. Over time you will be profitable if you study a lot and have proper risk managemetn.

>> No.28926437
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28926437

It can literally be as simple as just waiting for some lines to cross in the right circumstances. And you can set alerts to notify you when said crosses occur.

>> No.28926510

>>28924039
just watch the btc/eth chart and swing into ETH when its down 10% against btc and swing into BTC when it's up 10% against ETH. it's that easy. i've been buying eth today and will continue to do so while it trends down. buy fear, sell greed

>> No.28926598

>>28926121
Also learn to use fibs. Kind of goes hand in hand with elliot wave theory, but when you start doing fib pulls from swing high to swing low you will be amazed at how many bounce off the 0.5 and .618 fibs. That combined with stop losses is easy.

>> No.28927300

>>28926437
What indicator is that fren?

>> No.28927520

>>28927300
It's called godmode. Wycoff mode has a version called phoenix ascennding or something. I'll post the settings in a second.

>> No.28927692
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28927692

>>28927300
search godmode3.2+LSMA published by scilentor. settings of 9 6 3 30 0. Not sure if those are the default or not.

Also get triple bollinger bands and use with the settings in pic related.

>> No.28927840

>>28927692
This is a good explanation on how to use godmode with bbands. It works really good using it on multiple time frames. Using 4hr + for trend (compass) and using 1 hr and less for more precise entry and exits.

https://www.tradingview.com/script/ay9QX4dy-Phoenix-Ascending-2-201/

>> No.28928630

>>28927692
>>28927840
thank you fren. Have you tried this on lower timeframes? 5m or less?