Doing consistently is the best you should do, Budget management for buybacks needs attention and you certainly don't want to be left behind when the market experiences a deep decline. it's a good opportunity to start collecting.
Usually we set up a reserve fund or remaining funds to accumulate purchases during a market conditions like now. Moments like these are great for accumulation and we should be able to maximize purchases under these conditions.
Market conditions are still pretty bad, with the drop to $25k-$26k being the low point this August.
But we will see a quite significant reversal once the bear market is over.
I also applied to DCA, this is an opportunity to get a lower price.
The panic of everyone selling Bitcoin is my opportunity to add more and more assets and cheaper, We just need to endure it.
In August maybe we will see a correction process that takes a little longer and even if there is a recovery, it might only come to a price of $27k-$28k in my opinion. So moments like this will be very profitable if we are able to accumulate purchases.
The DCA method is used as a strategy to collect and this condition can be on the run in any price condition. However is different from the current downside opportunities and we should be able to take advantage of slightly larger purchases than usual. I've taken an entry on each dips adjusting available funds and still keeping the DCA pattern as a steady move to buy.
And this should be always be on your main consideration is that on the time that you do make out some profitable trades then always consider on saving up or having that allocation which would really be intended
for time like these on which the market do make out some significant decline because if you do have the funds which are readied for this time then you would really be able to take advantage on hedging out with these movements which it would really be giving out the probability on making more profits. We know that DCA is really that something that you would do on the time that there's a decline.How you would be able to do it if you dont have funds at all? or simply you had spend it all earlier on taking up that position? This is why its always be that relevant that having some extra funds is been prepared for this situation.
Now that we are declining in price then it wont really be that a bad idea on adding up your stash because it seems that after this dump, we would really be having that significant jump in price.
Its not really that a guarantee but we do already have that kind of picturing out on this very common scenario.Dont make yourself regret just because you had missed out such opportunity.
