Bitcoin Cash Entry: Laddered Buy Points
Here is how I've setup my rungs in the laddered entry target. I've used support/resistance levels to designate pre-determined buy prices. The short green horizontal lines will make up 50% of the total number of shares. The longer purple lines will have 20% of shares and the remaining white lines will host the 30% of shares targeted to buy.
This method is awesome! It removes the buyer's remorse! How often have you bought all your coins in a single transaction, only to see the price fall below your buy level? It hurts and makes emotions get the better of you. I use this laddered method to aid me in discipline and focus.
I am entering for a trade with a target of $350, $380 and $451. These will make up my sell and profit taking points. I will NOT convert this trade into an investment.
Please let me know if you have any questions.
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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.
Hello haejin,
I am trying to understand the above chart but where are the white lines on the chart for the targeted buys?
ty
The short green horizontal lines will make up 50% of the total number of shares. The longer purple lines will have 20% of shares and the remaining white lines will host the 30% of shares targeted to buy.