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Dollar-cost-average

Bitcoin - Buying Level GuidePersonally, I've held Bitcoin throughout the entire bear-market, so I'm in no rush to buy more. However, seeing as we're at a critical juncture right now regarding BTCUSD, it doesn't hurt to have a plan in mind for when next to dollar-cost-average or buy aggressively. The chart shows where I believe bitcoin could go in the coming months, and I've indicated where my buy-points would be. I would buy at those points to maximise my upside potential. However, since bitcoin bull-runs are long and endless, it is best to combine this strategy with a regular DCA strategy.
BITSTAMP:BTCUSD
by TsangYouJun
1
Bitcoin - DCA Guide (Dollar Cost Averaging)I've found that the Bollinger Bands that I use for investing in the stock market, also do work well for Bitcoin on the weekly chart. In addition to just regular dollar-cost-averaging (DCAing), you can also purchase BTCUSD aggressively when the RSI falls below 40 and/or price goes below the lower Bollinger Band. I do not however recommend taking profit at the upper Bollinger Band. This is because when Bitcoin again goes on it's raging-bull / moon-run rampage, it will disrespect both the upper Bollinger Band, and the RSI. This strategy is best used as a companion to regular DCA methodology. Note: Disregard the strategy performance chart below, as the Bollinger Robot is not tuned to buying crypto - so there are insufficient orders for the performance chart to show.
BITSTAMP:BTCUSDLong
by TsangYouJun