Day and swing trading altcoins on Coinbase Pro- an open discussion (taking advice), and one simple strategy

By Netzien | Netzien | 2 May 2021


Cryptocurrencies can be profitable investments. Often the best move is just to HODL. Another approach is to day- and swing trade. For example, last week Coinbase listed Ampleforth Governance Token (AGT). AGT presented ample (no pun intended) opportunities to buy low, sell a bit higher, and take profit through day and swing trading.

As there are a growing number of altcoins to trade on Coinbase, I would expect many to have similar potential, whether relatively newly listed or not. 

Over the last week and few days, most altcoins listed on Coinbase made significant gains on lower resistance levels of price support.  BUt over the last day or two, most of these same altcoins have slowed a little, as seen below for some on a 24-hour time scale. 

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One strategy on Coinbase Pro for swing and day trading is to wait until an altcoin is in the deep red for a timescale of interest. For example, minus 10-15% or even the rare 20% or greater losses over a day, a few days, or a bit longer. This takes patience, but, when you think the price of the altcoin of interest has decreased to a solid lower level of support and has room to climb back up, take a starter or larger position expecting a bounce.

To the community looking to offer advice on day and swing trading, feel free to elaborate on your experiences on Coinbase.

How much of your attention is required to be successful? 

What's the best coin to day and swing trade on Coinbase in your view?

What has been, or what would be a home-run scenario? 

What are your buy and sell signals? 

What websites besides Coinbase Pro are you using to track prices and metrics? 

The best to you and yours and thanks for your input.

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Netzien
Netzien

Crypto. NFTs. Increasingly Bitcoin Maxi. HODLER. I like to take profits on alt coins. Interested in momentum plays, technicals, and gut feelings. Thanks for your support.


Netzien
Netzien

NFTs, cryptocurrencies, and stocks related to cryptocurrency. Thank you for your support.

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