BITCOIN (BTC) Update: Is the Bottom IN?
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Great in-depth explanation of your reasoning here. I feel wiser already
i`ve upvote and follow u :)) waiting for u :)
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!
Can't ladder anymore...already did. (1) Why shouldn't I take my profits and reenter. (2) WHY DO YOU NOT TAKE PROFITS? You told me earlier you are going to ride out wave 5? And then take profits.Just asksn' (3) Can you project how long to get to the top of wave 5?
If you run out of rungs, consider making a bigger price range.