I know a few people have been DCA'ing from the top.
I just want to show the importance of learning markets, reading charts and and how important market structure is.
So, just say you have been buying the dip at every dip...
With the chart below, investing the same every dip, your average entry would be $42.100
Now, if you learn about markets and market cycles, even just market structure, you would have noticed the LH on BTC around mid November and that started the down trend to follow and you would have not started to DCA.
First target if it holds is 20K. Watch your charts, watch your targets. I'll be sharing my DCA strategy soon.
I just want to show the importance of learning markets, reading charts and and how important market structure is.
So, just say you have been buying the dip at every dip...
With the chart below, investing the same every dip, your average entry would be $42.100
Now, if you learn about markets and market cycles, even just market structure, you would have noticed the LH on BTC around mid November and that started the down trend to follow and you would have not started to DCA.
First target if it holds is 20K. Watch your charts, watch your targets. I'll be sharing my DCA strategy soon.