Have been throwing small amounts of BTC at DOT on the way down, last night topped up on the breakdown of the triangle. In addition to my actual DOT holdings which are staked. Looking to shave profit back into BTC in the 0.0007500-0.0008800 region. Again, just using small amounts as I did with my last matic/btc trade which went beautifully. Using the parallel channel here to indicate buying trend with a DCA philosophy which is less stressful than one or two large buys at once.
Buy 0.0006100 > Sell 0.0008800 or better, will most likely just stake everything and then send some distributions back to exchange to build a selling stack from staking rewards, which makes this a relatively long-term trade. Small amounts, so not getting rich just increasing my stack of both assets as with matic/btc.
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Sorry *buy 0.0006100-0.00052700 region...*
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Added a touch more this weekend, once again, have kept the numbers reasonable, and this is a practical trade as far as I am concerned in that I wanted a larger polkadot position and so anything bought goes into staking, via new 3-month stake created every week, and rolled over with rewards into the next stake. Will take a small portion of staking rewards to be traded back into bitcoin for a period of time when the price ratio of dot/btc is favourable should that happen. It is not guaranteed.
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As I have said before, I have staked the DOT, and within the next Quarter, a portion of staking rewards (Not just from DOT purchased from this "trade") will be placed on exchange on a weekly basis, and sold directly to BTC. Q1-Q2 of 2022 most likely.