About $BTC Spot Buying the Dip
Personally, I started my official DCA plan when it was around the 60,000 level. The overall strategy is to allocate 70% of the funds for DCA over a period of six months. The remaining 30% is set aside, waiting for a 【golden pit】 to appear, at which point I will make a one-time purchase.
Regarding my expectations for the 【golden pit】, personally I will look at the following three indicators in the chart aligning and resonating at the same time:
1. The Fibonacci 707—786 range
2. The candlesticks reaching the blue moving average
3. The indicator at the bottom of the chart showing a blue pit position
If, during this bear-market cycle, no golden pit appears, then this remaining 30% of funds will be used for a one-time buy when the right-side signal shows up.
In terms of the time cycle, personally I believe that $BTC still needs some time before it truly bottoms out in this bear-market cycle. The current U.S. stock market index has only just started to pull back. I am more inclined to wait until the 【S&P 500】 retraces to around the white long-term moving average, and then observe the situation of $BTC at that time.
—That’s all for reference.
Personally, I started my official DCA plan when it was around the 60,000 level. The overall strategy is to allocate 70% of the funds for DCA over a period of six months. The remaining 30% is set aside, waiting for a 【golden pit】 to appear, at which point I will make a one-time purchase.
Regarding my expectations for the 【golden pit】, personally I will look at the following three indicators in the chart aligning and resonating at the same time:
1. The Fibonacci 707—786 range
2. The candlesticks reaching the blue moving average
3. The indicator at the bottom of the chart showing a blue pit position
If, during this bear-market cycle, no golden pit appears, then this remaining 30% of funds will be used for a one-time buy when the right-side signal shows up.
In terms of the time cycle, personally I believe that $BTC still needs some time before it truly bottoms out in this bear-market cycle. The current U.S. stock market index has only just started to pull back. I am more inclined to wait until the 【S&P 500】 retraces to around the white long-term moving average, and then observe the situation of $BTC at that time.
—That’s all for reference.