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RE: Bitcoin (BTC) Update: Real Time Update of Laddered Exit Profit Taking...TWO RUNGS FILLED!!!
Do you have a set pattern to your laddering for every trade or does it breathe depending on the coin?
Do you set stop first then go percentages higher?
Just looking for a starting point or a general one size fits most template.
I use local or nearby support/resistance levels and draw lines above or below them and set that as the price. I also at times use fibonacci retracement points as buying rungs. Stops are usually the bottom most rung.
You can vary it as you want. To me, two rungs are better than just one. So, for quick trades, I use two or three rungs. You can also ladder your ladders which I often do. I don't pour my wallet into a single ladder. Each ladder would get 10% to 30% of wallet. A quick trade less.
haejin
when do expect wave B to end ?
I'm thinking we get one more attempt to try and break above ATH,
before pullback
what do you think ?