Day Trading Bitcoin, How To Determine Profit Targets

[goodoboy]

Hello,

I am trading BTCUSD and LTCUSD and ETHUSD everyday using technical analysis.

I am using ATR (Average True Range) for me stop loss placement per trade.

What can I use for taking profits or exiting the trade? I would like something more dynamic to market price action and not static profit target such as X times stops loss distance.

Thank you kindly.

[orka39]

Hello,

I am trading BTCUSD and LTCUSD and ETHUSD everyday using technical analysis.

I am using ATR (Average True Range) for me stop loss placement per trade.

What can I use for taking profits or exiting the trade? I would like something more dynamic to market price action and not static profit target such as X times stops loss distance.

Thank you kindly.

Well, as i know such kind of way for taking profit is not available in cryptocurrency trading. If you want that i think you can find it in forex. In crypto trading, put your sell limit order is one of way i know. So thats static or can be dinamic if you move manually.

[Nubitcoinerr]

Consider the fees you pay when day trading, since the volume is so high.

You can actually pay the lowest fees in the world via this exchange, which also boasts high praises:

https://bitcointalk.org/index.php?topic=2667100.msg27203578#msg27203578