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RE: BITCOIN (BTC) Update: Is the Bottom IN?
Hello Haejin,
I have a question about your buy Ladder setup.
When you started to make it, we were around 3200$ I think more or less.
So I understand very well why you put some buy ladder setup below 3200$, to be sure to have still some cash to continue to buy if the decrease continues.
However I really don't understand why you put buy order upper that 3200$, the BTC price when you decided to make the buy ladder setup?
Why you didn't buy 50% of your orders on 3200$ and the rest below as you put also?
Thank you
The above ladders are in place to cover a broader range. If you want most of the rungs at $3,200 sure. A ladder with 2 or more rungs are better than none. I place the higher ones because it also keeps me from taking short term profits and cause a mess as they usually lead to loss. Also my time horizon or rather price horizon is much higher at around $7k.
Thank you for your complete answer.
Here is a nice upvote to thank you for all you work!