Great, I followed and it’s my only good trade foe a while so thank you:) There was a lovely W that played out. BUT when is good to sell? Can you do a fibonachi test to see next levels? That’s the hard part… will it go back to ATH or doomed to go back to lower levels first?
kelever
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@kingdoz, haha thanks.
your question has not a short answer, imo i think we will see new ath of coti and btw im bullish about btc for long term (yes 38k is possible for short term)
but if you are bearish on btc or bullish on btc.d , then i dont think you should take that "new ath coming" from me
but a little tip that always is good, make 5 stop losses above your entry.
like if you enterd at 100 and the price is 110 now
make 5 stop losses at 108, 106, 104, 102 and 100. you 'll never loose money. and if it goes down like to 105 you still have have profit, if it goes lower you 'll take profit again and if it goes above 105 and continue to run you 'll have some asset that will goes to new more prices.
always make stop losses.
kingdoz
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@kelever, really really good idea with 5 stop losses. I never thought like this.
Do you do trailing stop losses with this technique?
So let’s say wit Coti. I followed you from 35 and went in. When it went to 50, something similar to these 5 stop losses 49, 44, 40, 38, 36? Let’s say, then went down to 46 so 20% sold (but I still have 80% left and some cash now). When it went up to 60, should I have again raised the stop losses up higher and do another 5 or 4 is ok now? Or maybe it’s best not to raise stop losses and keep where is the other 4 stop losses originally? I ask this question to know if for spot, do you move them up every time you make gains or keep them in same place after making first gains? Finally, if you raise stop losses, When price went high up to let’s say 60, would you raise SL again and do very close like 59, 57, 54, 52, 50 or more wide like 59, 52, 45, 39, 36? Thanks. Really helpful.