When polled by Bitcoin Market Journal, several market analysts spoke in favor of using swing trading for bitcoin.
“I think swing trading is a good approach for [bitcoin] trading,” said Petar Zivkovski, COO of leveraged digital currency platform Whaleclub. “It is mature enough to not fluctuate too randomly and the trends are quite apparent over a few days or weeks.”
Arthur Hayes, co-founder and CEO of BitMEX, offered similar input, stating that bitcoin is volatile enough to support swing trading, as well as many other trading strategies.
Things are looking okay for the moment. This could be a good swing trade and I think those folks you mention are spot on.