IT'S NOTHING BUT SIDEWAYS, ASCENDING TRIANGLES THAT BREAKOUT, AND BULLISH PENNANT FLAGS. WHAT THE FUCK HAS REDDIT BEEN LYING TO ME THIS WHOLE TIME? IS THE FUCKING CHINA MEME REAL? EVERY GOD DAMN MORNING I WAKE UP AFTER WATCHING IT ALL NIGHT AND IT JUST KEEPS GOING FUCK
For the last 3 days its been the same type of pattern. The only difference now is that it's at a much larger scale and getting past 6 was the hard part with all those walls. It would take less than half of the crazy volume we got last night to get to 10+ now. $6 was the gate and it got kicked the fuck in boys.
You buy 100 LINK today at $6.30 If it drops to say $5.50, you buy 100 more. You're average price per LINK is now $5.90. If it just so happens to drop back to $4.70, buy 100 more. You've now dropped your average price per LINK to $5.50. Now when it goes back up to $6.30, you'll be sitting on $240 profit you could take or let it ride.
The flip side is you buy LINK today at $6.30 and it moons and you don't care.
Now apply this principle to coins you want to hold long term. Figure out your income situation and how much you can invest and at which intervals. If you get paid every 2 weeks and you can invest $100 every time you get paid, buy $100 worth every two weeks no matter the price. This allows you to average your purchase price over a period of time rather than trying to time the market every buy and makes sure you are holding if things go parabolic.
Eli Powell
$10 waiting room is now in effect
Nicholas Morris
Thats what Im already doing, but what is DCA stand for?
Lincoln Myers
Take the total amount you are feeling like you can invest. Take a third of it and buy RIGHT NOW. We just bounced off $6.48. Then, figure out two more windows for the other two thirds. But just in case this is liftoff, don't be caught with an empty bag.
Daniel Cook
Dollar Cost Averaging DCA
Alexander Wood
Have you looked at the log chart my nigga?
Owen Edwards
what is a log chart
Levi Reyes
Thanks user. Sorry for incorrect grammar and sounding like a pajeet in my previous post.