Viewing a response to: @bobreedo/re-haejin-neo-laddering-explained-chart-pattern-and-elliott-waves-combo-both-say-bullish-20170929t155936624z
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.
author | vimukthi |
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permlink | re-bobreedo-re-haejin-neo-laddering-explained-chart-pattern-and-elliott-waves-combo-both-say-bullish-20170929t164941084z |
category | bitcoin |
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root_title | "NEO: Laddering Explained, Chart Pattern & Elliott Waves Combo both say BULLISH!" |
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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?
author | bobreedo |
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permlink | re-vimukthi-re-bobreedo-re-haejin-neo-laddering-explained-chart-pattern-and-elliott-waves-combo-both-say-bullish-20170929t165359040z |
category | bitcoin |
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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.
author | vimukthi |
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permlink | re-bobreedo-re-vimukthi-re-bobreedo-re-haejin-neo-laddering-explained-chart-pattern-and-elliott-waves-combo-both-say-bullish-20170929t172954251z |
category | bitcoin |
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I understand...it's a commitment...thanks.
author | bobreedo |
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permlink | re-vimukthi-re-bobreedo-re-vimukthi-re-bobreedo-re-haejin-neo-laddering-explained-chart-pattern-and-elliott-waves-combo-both-say-bullish-20170929t174812292z |
category | bitcoin |
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thank you for your insights
author | pfa |
---|---|
permlink | re-vimukthi-re-bobreedo-re-vimukthi-re-bobreedo-re-haejin-neo-laddering-explained-chart-pattern-and-elliott-waves-combo-both-say-bullish-20170929t191728833z |
category | bitcoin |
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