I am dollar cost averaging on various alts and btc now that the long term handle of the giant bullish cup and handle has printed a bottom.
I am scaling in with targets that are at least double the current prices so that I can have a 1 RRR without using a stop. I am not going to try to time things very carefully but will deliberately just buy at consistent intervals in order to mechanically get an overall average that reflects the vwap for the next few months.
I am going to spread out the scaling in process so I am still adding to positions well into next year, I especially want to be sure to save ammo so I can add on December 17 this year which could be a very important date for cryptos.
I am especially interested in building a large eth position, it should be at least half my overall position in cryptos. I am also interested in ltc which has a lot of room to move to the up side from here.
I am scaling in with targets that are at least double the current prices so that I can have a 1 RRR without using a stop. I am not going to try to time things very carefully but will deliberately just buy at consistent intervals in order to mechanically get an overall average that reflects the vwap for the next few months.
I am going to spread out the scaling in process so I am still adding to positions well into next year, I especially want to be sure to save ammo so I can add on December 17 this year which could be a very important date for cryptos.
I am especially interested in building a large eth position, it should be at least half my overall position in cryptos. I am also interested in ltc which has a lot of room to move to the up side from here.
