I prefer to do DCA when the market is in a downtrend. I tried to buy every dip possible and kept doing this till the coin flipped. If you want to keep my profit booking strategy, then it totally depends on the bitcoin market. As soon as i got confident that bitcoin is at its peak for this bull season it was time to start booking in altcoin too. This is the time when most of the altcoins start pumping and start making new ATH.
What criteria do you use when buying and selling? Let's share some tips and expertise.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
There is another point that I want to add in terms of investing. A project needs to survive at least one bear season to be qualified to be considered in the safe to invest category.