Trade_Simple_FX

BTCUSD D1 - Long Setup (DCA #1)

Long
BITSTAMP:BTCUSD   Bitcoin
BTCUSD D1

DCA price number one has practically been seen, looking for entries around this $40k mark, we DCA because we want to dollar cost average our entries incase the entries we are looking for ultimate don't trigger.

For example, $30k is another entry point for us to consider DCA'ing. If we don't see $30k and we are hoping to put all our eggs in one basket, we may miss the boat completely and the ship sails without us. Therefore missing out on all opportunity.

DCA offer us the chance to manage our entries, risk and average the rewards whilst guaranteeing market positions.

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