Why I have started accumulating Bitcoin with DCA strategy?
Hey Tradingview Crypto community!
I have started my daily DCA into Bitcoin after realising that its price is sitting just below or around its fair/true value that is measured with 200 Daily Simple Moving Average on a weekly timeframe.
With true value of Bitcoin being at $22,496.70 its current price is sitting just below at the moment.
The price of Bitcoin has never been around 200D MA for long. And every time BTC approached it in the past - it bounced back up.
It does not mean that the price can't go even lower due to unpleasant econimic turbulence and 'negative' macro fatcors.
However, and if the price of BTC will decline to lower levels, I will increasy my daily amount.
We have approximately 750 days left before Bitcoin next exponential rise from ashes!
Be patient! Be consistent! Set your long term vision!
I have started my daily DCA into Bitcoin after realising that its price is sitting just below or around its fair/true value that is measured with 200 Daily Simple Moving Average on a weekly timeframe.
With true value of Bitcoin being at $22,496.70 its current price is sitting just below at the moment.
The price of Bitcoin has never been around 200D MA for long. And every time BTC approached it in the past - it bounced back up.
It does not mean that the price can't go even lower due to unpleasant econimic turbulence and 'negative' macro fatcors.
However, and if the price of BTC will decline to lower levels, I will increasy my daily amount.
We have approximately 750 days left before Bitcoin next exponential rise from ashes!
Be patient! Be consistent! Set your long term vision!