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RE: NEO: Laddering Explained, Chart Pattern & Elliott Waves Combo both say BULLISH! by vimukthi

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· @vimukthi ·
$0.07
I'm bit of an oddball. But here is what I do. I keep my ladders concentrated and watch the dollar value, MACD and chart patterns. I buy and sell when I sense a strong trend reversal. Since I'm a TA noob I rely heavily on fundamentals. NEO was bound to hit $40+ but after a massive bull run it started going down. price was showing a bottom and stabilizing around  $28 level. So I went all in at few cents above $28. Now I'm HODLing till I see signs of a top and a trend reversal.

This is just what I do. If it fits your style use it. If not keep looking.
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@bobreedo ·
$0.07
Appreciate the insights...

In terms of the ladders...what exchange do you use? Do you set the buy prices in terms of btc or dollars if allowed?
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@vimukthi ·
$0.08
I use Binance, Bittrex, Kraken (mainly for margin trading). I use dollar values whenever possible. As I use concentrated ladders or no laddering at all little differences in value doesn't matter. So I use the BTC/ETH price approximately. Maximum time I leave my ladders open is 12 hours (in practice it's mostly 2-8 hours). I actively watch charts for a bottom/reversal or top/reversal using fundamentals, MACD and Chart patterns. When I sense a good buy/sell opportunity I jump in.

You have to be a very assertive and emotionless person or you could end up getting burnt using this strategy. It's safer to use a set of entry/exit points (ladders) spread across like a shotgun and just leave things be.
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@bobreedo ·
I understand...it's a commitment...thanks.
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@pfa ·
$2.00
thank you for your insights
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