DESO - Accumulation Strategy
***We are in a Bear market and I am 80% cash. I will be trading to accumulate my favorite coins and to keep my trading skills sharp during the down turn. I believe $29K and 19.9K BTC is on the table.
About my current mindset... I've decided to change my trading strategy, to combine all of my favorite indicators and charting techniques that I've learned over the past year of trading crypto. And one that beats out buying and holding.
The strategy is simple. Pick a handful of coins based on utility & fundamentals I like and trade to accumulate them on Timeframes of 1HR and higher. With DESO I am starting small with 300 coins. My goal is to accumulate an average of 20 DESO every two days. While that sounds small, it will definitely add up for the next bull run. 20 (coins accumulated) x 15 (days per month) = 300 (Accumulated DESO per month w/o putting in more Market Capital). An additional 300 DESO per month will add up to 3,600 DESO by next May 2023.
Why do I like DESO?
- I believe a blockchain solution could help eliminate bots and other fake accounts on social media.
- I'm a big fan of decentralized social media and freedom of speech. I'm not a fan of cancelling and silencing others just because I don't agree with them.
- Yes, there will be more rude and insufferable comments, but I believe we the people should have the choice to engage or disengage from the other voices out there.
- Deso could be a good solution for the new Twitter.
- There is a low supply of available DESO at 10.8M coins and 10.5M already in circulation.
- It has a low market cap of $300M.
- It's currently listed on Coinbase and does not allow for Market orders. Limit order only = lower chances of rug pulls and grid bots manipulating the price.
About the chart...
- Yesterday/Today BTC made its way down to $35,600. Almost every other ALT coin made lower lows or double bottoms. DESO did not. It continued to stay above the bottom green bullish trend line. (It could still break below. This is just an observation.)
- DESO is currently Trending up on the daily TF (not in this chart)
- I think DESO could follow the purple path.
- Up to $31, down to $28, up to $36 and back down.
- The red lines are current TP trend lines that I will watch for them to break out.
About my current mindset... I've decided to change my trading strategy, to combine all of my favorite indicators and charting techniques that I've learned over the past year of trading crypto. And one that beats out buying and holding.
The strategy is simple. Pick a handful of coins based on utility & fundamentals I like and trade to accumulate them on Timeframes of 1HR and higher. With DESO I am starting small with 300 coins. My goal is to accumulate an average of 20 DESO every two days. While that sounds small, it will definitely add up for the next bull run. 20 (coins accumulated) x 15 (days per month) = 300 (Accumulated DESO per month w/o putting in more Market Capital). An additional 300 DESO per month will add up to 3,600 DESO by next May 2023.
Why do I like DESO?
- I believe a blockchain solution could help eliminate bots and other fake accounts on social media.
- I'm a big fan of decentralized social media and freedom of speech. I'm not a fan of cancelling and silencing others just because I don't agree with them.
- Yes, there will be more rude and insufferable comments, but I believe we the people should have the choice to engage or disengage from the other voices out there.
- Deso could be a good solution for the new Twitter.
- There is a low supply of available DESO at 10.8M coins and 10.5M already in circulation.
- It has a low market cap of $300M.
- It's currently listed on Coinbase and does not allow for Market orders. Limit order only = lower chances of rug pulls and grid bots manipulating the price.
About the chart...
- Yesterday/Today BTC made its way down to $35,600. Almost every other ALT coin made lower lows or double bottoms. DESO did not. It continued to stay above the bottom green bullish trend line. (It could still break below. This is just an observation.)
- DESO is currently Trending up on the daily TF (not in this chart)
- I think DESO could follow the purple path.
- Up to $31, down to $28, up to $36 and back down.
- The red lines are current TP trend lines that I will watch for them to break out.
Comment:
I also think DESO could pump and dump to $54 if market conditions improve.