Some simple DCA idea. Maybe a bit better than the average one ?Hello, everyone. This is my first idea, so please pardon me if anything goes wrong.
With the bear knocking at the door a while ago, it seems that everything goes down. So maybe we should embrace the investor side ... The boring but rewarding path.
On bear markets, everyone accumulates. The DCA it seems a viable option, as they say : "Time in the market beats timing the market".
We could DCA by volume profile, Fibonacci retracements, or several other techniques. But why going so "complex" when we can make everything simple ?
On Crypto, it's tested that we will see at least 6 consecutive "30% drops" after the latest "30% drop", if not even more.
Influenced on this idea by our regretted mathematician, Mr. Fibo ... And applying it to the charts, I just have a new indicator with an embedded strategy inside.
In order to do everything right , I am asking the community to give me feedback. And if there is a real demand for my creation, I will respond accordingly :)
The questions will be :
1. Do you think this strategy will bring you profits ? If so, do you want to try my indicator for easier backtesting ?
2. How useful do you think it will be a trading automation website, to be launched in 2023 ? Dedicated to Risk/Reward ratio trades, but also containing this idea ?
I am humbly awaiting your response, so ... Let's help each other !
Best regards,
Ionuț
DCA
BTC, PYR, LINK, VET time to DCA?!Market can still capitulate and altcoins will in that case drop 40-50% or so. But lets assume that the market will recover fast. If the short time downside is 40-50% and the longtime upside is multiples...I don't think "waiting for the perfect entry" is the best choice. Don't wait to long to DCA into your favourite altcoins that you believe will survive the bear market. If the market suddenly turn bullish, you will quickly lose that big X-factor, upside (multiples to all time high) that the market offers you right now. Here are three of my favourite coins to DCA into - VET/PYR/LINK.
Don't surrender Render - RNDR With a little bullish momentum in the market, we will see RNDR quickly wake up again!? If you don't believe in the "big capitulation leg down" - RNDR should be on your shopping list. I think it's a BIG chance we see RNDR 100%, before Bitcoin break 30K :). Use the horizontal support and trend line to find a great entry. Disclaimer - RNDR is extremely volatile and sometimes unpredictable - crazy wicks :)
BTC and ETH - Capitulation or Accumulation?The sentiment is so Bearish - is this the end of Crypto, really? Is it possible that BTC surprise "everybody" again...as usual? Anyhow, BTC and ETH looks similar, chart wise. I see two possible scenarios play out the common hours/days. Total Capitulation or horisontel Accumulation. BTC < 14K is a buy for me, ETH < 1K is also a buy for me.
DCA for beginnersI made a visual explanation investing mid/long-term with DCA and of how effective DCA is and how to do it based on a weekly chart, no matter how much money you got, you can adapt to your capital
Understand that this is an example amongst many other and you are not obligated to follow this strategy, it's just to guide if you're new to DCA. It's not a financial advice.
also, it's important to understand the market cycles, and know when it's a bullrun, a bear market and an accumulation & expansion phase
COTI LONG - WEEKLY CLOSE OUTSIDE WEDGE I'm waiting for the moment when the big reversal to the upside coming. COTI has shown strength the last two weeks and are now about to break weekly trend. We could see a good DCA opportunity here if COTI close outside the wedge. On the other hand, a weekly close inside the wedge could mean that COTI drop to the floor of the wedge again.
BTC/USDHi all,
Hash Rate leads Difficulty in identifying Bitcoin Miner Capitulation.
Hash Ribbons is close to a buy signal and is it would be wise to pay attention.
Usually this indicator has a high probability of success if we analyze the history of buy signals and price action after that.
Since it is a lagging indicator, I frequently take DCA into account before BUY signals.
What do you think about this strategy?
XRP: Accumulation Zone Hello Team,
Ripple XRP has now entered into the 5-year accumulation zone from 0.14-0.35 Cents.
- At this price point and as the price drops more will present long-term buying opportunities for the future in the form of "Dollar Cost Averaging".
XRP has a large potential for future upside movement if the SEC case is dropped and due to a large number of partnerships & use-cases acquired.
Don't expect a miracle overnight.
BTCUSD Potential Bottom, Longterm Monthly Outlook & DCA StratJudging by the Volume, I am quite confident a potential bottom might be in.
Unfortunately, i do expect a painfully boring and long consolidation phase after this.
During these months / years, i will try to DCA as much as possible.
good luck!
Best DCA Strategy for Bitcoin and Other AltcoinsPink shows Strategy 1 that many people follow for DCA which is to buy on the first of each month.
Light green shows Strategy 2, which I find very reliable and is much more profitable in the long term.
In stochastic RSI settings, just change Lower Band to 10 instead of 20.
Now every time there is a crossover in Stochastic RSI below 10, you buy.
VeChain/USDT. Testing the 0.5 Fibonacci.Current Market Cap 1.69 Billion
Since it dumped to 0.00157 during the March 20 sell-off, VeChain rocketed up over %17,000 to a high of 27.9 cents!
Shortly after, the "Incredible Sell" prints, these signals should not be ignored on higher TF's.
Price has since corrected over 92% and finds itself @ the 0.5 Fib level (2 cents) This area is also previous resistance now being tested as support.
We also have a non confirmed conditional buy signal.
Should the 0.5 level not hold up, long term bulls should look for buys in the golden pocket (1 cent) This area is a support/demand zone / previous minor resistance.
The POC compliments the 0.786, (half a cent) long term bulls should reload again.
Biggest Volume Profile appears between 0.3 - 1 cent.
RSI is forming a nice falling wedge, a breakout + HH could initiate a rally. Stochastic is oversold.
Selling Volume has slowly declined over time.
Timing the tops/bottoms isn't important nor does it work. DCAing into your favourite projects that you believe in is best.
About..
VeChain is an enterprise blockchain platform that aims to provide a full view of an organization by disintermediating information from data silos.
VeChain also plans to become a leading platform for initial coin offerings (ICOs) and for conducting transactions between Internet of Things (IoT) connected devices.
VeChain makes use of two tokens: VeChain token (VET) as a value layer and VeChain Thor Energy (VTHO) as a smart contract layer.
Speculative Setup, DYOR. Allow 3-18+ Months For all Crypto Ideas.
Credit to @without_worries for allowing use of indicators.
ETC buy zone is hereThis idea is crafted with a bullish mid term mindset, trading spot / 2x leverage with DCA implementation.
I am entirely aware if BTC breaks below 40k, it is likely that alts will be unpredictable. I am not considering this scenario in this idea.
ETC has been consolidating for about 210 days from its 183 ATH in may 2021.
My idea is that these levels marked 1, and 2 on the chart are a good place to accumulate based off BTC showing strength pushing 51k today.
Indicator wise, we have been reaching rock bottom RSI levels and deep momentum waves marked as blue boxes, both today and September 2020 have levels this deep.
You can see this was a relatively safe buy zone as ETC rose 3600% in the coming 200 days.
I have also marked an ABC structure coupled with a FIB from the top of the A wave and bottom of the B wave.
This would give an approximate secure profit level at somewhere around 170-260 USD.
It's entirely possible to retouch level 2 at around $17 if we saw BTC drop to 42k before pushing further upwards.
Bitcoin BuyZone Added RangesHi to all my HODLers,
Anyone that has followed me knows I've been publishing when is good time to DCA into #Bitcoin #BTC. This 4th BuyZone is not over anytime soon.
I was wondering what was the range for each buyzone. Basically what was the range between the low and high in the BuyZone.
Here are the results:
1st BuyZone range was 198%
2nd BuyZone range was 105%
3rd BuyZone range was 170%
Currently we are in the 4th BuyZone. Currently we are only at a 70% range. we have another 30-100% that can be added to this range if history is any indication?
I will be watching for many months to come. Speaking of time. Here is how long each BuyZone lasted:
1st BuyZone lasted 390 days
2nd BuyZone lasted 178 days
3rd BuyZone lasted 137 days
4th BuyZone currently is 38 days
We still have anywhere from 100 to 352 days to go. Hopefully the former :-).
Stay strong my friends
~S
ETH Most likely scenario, 3 Very possible and accurate TargetsThis is in my opinion a very likely scenario of happening with about 30% chance of hitting target 3: i would say 50% of target 2. and 20% chance of we have hit bottom at target 1, and that accumulation phase could have started from here. Of courses these % chances are just my estimations, Even tho it may look like we been capitulated, knowing our past Capitulation candles and Recovery, and volume we haven't seen that yet. "Not a Financial Advice" But slowing DCA at these levels down to target 3 it's probably the most safe way of trading. hope i can help those who can get liquidated but don't know how low ti can go. i have adjusted my Liquidation Prices based on my analysis and others that i see online. remember that at the end of the day rule most important in trading is not to loose money !Protect your assets always.