shubbs

A way to DCA into Bitcoin

Long
COINBASE:BTCUSD   Bitcoin
This is a method I use to DCA into Bitcoin. Notice on the chart I have waited until BTC hit the "Golden Pocket" or 0.618 to 0.65 Fib retrace of the last move from $40508 to $43461. That range is $41873 to $41999. Once that range was hit I pulled the buy trigger and bought some BTC.

It does not matter if BTC goes to the 0.786 Fib retrace or lower. This is a long term investment and it's a good strategy to buy as many dips in the Bitcoin price as possible during a bull market before it reaches its $69000 Nov 2021 ATH again.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.