Seeing DCA technique been mentioned rather a lot. However what a few "ladder-down" restrict order technique? Let me know your thought please!

Hey all,

I'm attempting to give you a technique so as to add some extra sats within the 2nd half of the yr for the the following bull run. Given I already maintain some, I don't wish to chase any pump or fomo in. So as a substitute of a standard time-based DCA technique, I'm considering possibly it's a greater concept to "ladder-down" restrict purchase orders primarily based on worth (don't know if there's a greater identify for this). Beneath is an instance.

https://preview.redd.it/26bywffnhf9b1.png?width=312&format=png&auto=webp&v=enabled&s=8e3ccfc813d016096de6f2079cc292264cadd3fd

IMO, evaluating to DCA, this has a minimum of 2 benefits –

1. I personally view worth as threat. This implies I solely purchase when the danger is decrease and mechanically keep away from it when threat is larger.
2. This enables me to seize the draw back volatility, aka "wicks". These will not be very unusual for BTC and a restrict order is mainly the one approach to seize them.

There are additionally 2 disadvantages –

1. If the value goes sideway, I received't be capable of add any.
2. Threat of leaving cash on an change and the chance value of not having it in a safer place the place you will get 5%+ now.

I wished to see what do y'all take into consideration this? What am I lacking? Any thought, remark, or critic is very appreciated!!

Replace: Simply checked my Strike app and realized now I can do recurring purchase utilizing fund pulling by ach from a checking account, as a substitute of depositing it first! This is excellent information and makes time-based a bit extra enticing!