dsteaves

Bitcoin dollar cost average strategy

Long
COINBASE:BTCUSD   Bitcoin
Wow! Its been a great run- up thus far huh?

I realize it may go up further, but I'm quite happy with profits taken off the table. I have a little bit left to sell in case it does run up more, but overall, I'm doing just fine.

The chart shows where I'll start to dollar cost average back into bitcoin. Red area is where I'll start to do small weekly buys. Yellow area I'll buy more. Green area is where I'll load up big time. Oversold monthly Stochastic RSI will also guide purchases.

If it goes below the green area, I'll beg, borrow, or steal money from my wife and kids!

Keep in mind, this plan is for the long run; years out.

Not financial advice (and pretty shady advice at that).
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