How I place LIMIT ORDERS to get BTC Fills on Down Wicks (Patreon)
Published:
2021-03-11 18:47:41
Imported:
2022-03
Content
Hi All, so many of you asked how do I place limit orders on Bitcoin on down wicks.
I use Fibonacci Retracements to place entry limit orders. The combination that I use - two versions of Fibonacci Retracements and they help me determine my levels during downdraft times. And I break out my budget per the lines. Normally 1/3 1/3 1/3.
Notes:
1) As the price moves so do the lines.
2) I use them as approximate level finders and I tweak them manually eg if one R3 line is at 56,890, I move it up to 57,011.