source avatar𝙲𝚘𝚕𝚒𝚗 𝚃𝚊𝚕𝚔𝚜 𝙲𝚛𝚢𝚙𝚝𝚘 🪙

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

When re-entering the market in 3-6 months from now, I'm going to be super conservative and not try to catch the bottom at all. This is because I am swing trading BTC and not entering the market for the first time. As it stands, my plan is to mostly re-enter the market around $51k. I feel that nearly guarantees an entry (which for me results in more BTC than I started with, which I will be happy with). I don't need to stress of missing out and feeling like I need to chase the market higher later on if I were to miss the bottom. But if I had fresh capital to inject in the market, then I'd start DCAing at $50k and keep buying as it drops down ($45k... $40k... etc). BTC could realistically go as low as $35k this cycle, imo. However, the odds of it reaching lower and lower levels decreases in probability as the price goes lower. Originally I had my main buy target set lower, but I had a talk with myself and weighed the pros and cons of lower targets and it just didn't justify the risk of missing an entry. Again, that's because I'm swing trading and not entering my position for the first time. Also, time is a factor. It depends on what BTC price action does in the coming months. If BTC goes sideways for 6 months then I would raise my buy target to $61k or wherever makes sense at that time, which is still below my sell prices.

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.