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I think the best thing to do is to determine your own dip percentage, that you will like to see in the market, before any dip happens. The level of dip you want to see before you engage in market, let's say you want to see 10% dip from the market before buying, all you have to do is calculate the price that bitcoin will be when it ships 10%. When you have gotten the price, you go to your exchange and set a buy order and leave it. If bitcoin dip to that price range your order will execute. This will help you not to be confused as you have already determined before time the level of dip that will be okay for you to engage. If it dip further after your order has been filled, it's no longer your business, as you have achieved your target that was set before time. If it didn't dip to the level you were expecting, you have nothing to lose, you just continue with your routine DCA. But for me I think it's important to know the % dip you are expecting to be able to utilize the opportunity when it comes.
You are exactly correct Justbillywitt. It is very helpful to establish your dip amount in advance, and you could have several buy orders set just for that, or you can determine after each time your dip order is filled if you want to set another one.. so that you just do them one at a time. Of course your specific situation will help to dictate what is most practical in terms of how much to set aside for various dip amounts... for example you could have $1k that you are holding for dips, and you could have $333 for three orders at dips of 10%, 20% and 30% or you could set them for $100 every 5% dip, which would take you down to 50%. . or of course, you could set the whole $1k for a certain amount or you could manually set them each time it gets filled, you determine where you would put the next one with ever amount that you have left in your fund.
Of course, for brand new folks into BTC, there would be a preference to emphasize DCA rather than buying on dips, yet it seems many of us recognize that buying on dips could be a decent way to supplement that DCA practice, yet at the same time, keeping a lot of buying on dip funds might not be a good way to manage funds, especially for guys who might not have a lot of funds to work with in the first place.
I mentioned temporary savings funds that I would use to set buy orders when Bitcoin prices were down. Say this is always the main point in investing, such as dividing your finances into several phases such as regular purchases with DCA, lump sum purchases and also funds just in case Bitcoin falls more significantly. Indeed, if we have a savings of $2k we can organize it into 4 parts at each drop to maximize our chances when the price drops again.
Complementing DCA practices is really needed and some of them don't think in that direction so they don't have money saved for a downturn when a crash occurs. Many miss the opportunity to buy when prices fall 5%, 7% or 15% because they don't manage their cash flow as well as possible.
It's true that our goal is long-term investment with a DCA strategy, but to get Bitcoin at a cheap price, of course you have to have money saved to use when the price drops further. All of this certainly requires strategy from initial planning, therefore all of this will be regularly done by those who are good at managing their money for investing in Bitcoin.