Quote from: exstasie on July 23, 2019, 09:43:54 AM

Quote from: JeremyPeng on July 23, 2019, 09:21:28 AM

Though -4.9% loss so far, I believe I'll make profits soon!

https://i.redd.it/res18v6s4vb31.png

DCA is a respectable enough strategy, especially for a newbie, but it's important to optimize your buy-in range. Where did you start buying?

Since selling momentum is still quite strong on the higher time frames, I'm expecting a revisit to $9K and possibly lower. I might start scaling back in at $9K but it's too early here in the $10K area. I think there's still plenty of time to wait this correction out.

I started buying from $11000, and now the average buy price is still around $11000, cause the BTC price fluctuated from 9500-14000.