In Bitcoin swing trading, the trader takes full advantage of short-term price patterns. This kind of strategy is based on the assumption that prices never go in one direction and thus keeps on swinging. Which is why, a swing trader looks to make profits from both the up and down-market movements which occur in a short and narrow time frame.
Pros:
- Traders have more time to grasp that day trading.
- Traders can make many long-term decisions with less risk involved.
- Less stressful than day trading.
Cons:
- Traders need to be well-researched.
- Do not sway away by emotional attachment as one holds the position for long.
- Not easier to learn.