$BTC is leading the markets for past few months
I believe it will continue to do so, with exception of few quality projects.Since major alts will follow kings path i believe it's worth sharing this with my followers.
We've experianced major correction in most altcoins. Most of them are down -50% to -80% since their all time highs few months ago. While our strategy managed to outperform market, we're still slightly down.
Most of retail money is gone. Institutions are acumulating at this range. Remember institutions do not have access to low cap coins. They have access to Bitcoin & Ethereum and few other major Layer 1 projects. First they have to buy BTC or ETH and with delay money flow starts going to other high cap projects.
If you check my attached picture you can clearly see institutions are accumulating Bitcoin.
30k $BTC flowed out from Coinbase today
Next bull run always starts with $BTC making first moves, then quality high cap projects follow.
I do not know where the bottom is, as i do not know where the top is. But i do know to spot irrational market behaviour. It's my goal to show this to my followers, so you can use irrational market behvaiour to your advantage.
Simply said "This are the best ranges for you to reconsider Dollar Cost Average in method (DCA)" if you have a medium to long term plan. I know most of you feel confident buying when everything is green but investing has reverse psychology. You buy when everything is red and you sell when everything is green.
If you do not know what DCA method is this will be a simple explainer for you:
DCA stands for Dollar Cost Average in method in investing worldIt means if Person A wants to invest 1000€ he should not do it in one take.You should spread your 1000€ investment into few micro investments. I usualy like to suggest setting up few parameters. You continue DCA when markets are red, you can even increase micro investment. When everything is green, you stop DCA method and wait for another correction.
Best way is to DCA not on a daily basis. I suggest weekly or biweekly basis.
1st week 50€
2nd week 50€
3rd week (if markets nukes down you can duplicate net DCA investment) 100€
4th week (there's growth in market) you stop DCA
5th week (market drops heavily again) 50€
You simply continue DCA method until your net investment of 1000€ is reached.