How to master Technical Analysis - Buy the Dips on Bitcoin and other Crypto Assets

www.Patreon.com/InvestAnswers #Bitcoin #Crypto #TechnicalAnalysis #DCA #BTFD #BuyTheDipswithTA Disclaimer: Not investment advice - just Edutainment! 0:00 Introduction 0:30 FUD Corner Fortune Magazine Bitcoin has no use Dirty Coal China Doge sinking Bitcoin Famed economist rails against BTC 2:00 Elon Musk and Tesla Sold a little Bitcoin to prove a point Musk owns Bitcoin Musk HODLs Tesla Selling Bitcoin FUD: Who Do You Trust? 2:30 If in Doubt - Zoom Out IA Bitcoin Price Prediction 2025 $450K 3:30 DCA Recap Removes emotion Brings discipline When the price is low = more BTC. When high less BTC (ie you buy less when it is more expensive.) 4:10 WHY DCA is not perfect Let's say we have three investors, "A," "B" and "C," each with $1,000. "A" invests the entire $1,000 on Monday "B" the $1,000 on Tuesday "C" goes with $500 on Monday and $500 again on Tuesday. The optimal price was either on Monday or Tuesday, so either "A" or "B" while "C" made only half of his investment on the most advantageous day. "C" will always get an average of the highs and lows, never 100% of the high. Over longer periods of time, random and DCA investors will approach similar average costs. But we can be assured that DCA will never be optimal. DCA Issues 6:00 How to Supercharge your DCA BTFD You all know it Just wait for it to come to you 3 HUGE dips in a month 4 Mini Dips 6:30 Why Fibonacci Retracement for TA? Wait for the price to correct to Fibonacci retracement levels ie 23.6%, 38.2%, 50%, and 61.8% Place limit orders at these levels. 7:30 #1 How to Spot Bottoms #1 Fib Retracement 23.6% 38.2% 50% 61.8% 7:50 #2 How to Spot Bottoms #2 RSI Sun Apr 25th RSI at 10 8:20 RSI under 10 Last time we saw RSI at this level was March 2020 8:40 I always have my Alerts On! RSI at 10 How to Spot Bottoms #3 MACD for Confirmation MACD Conf DIP 9:40 RULES Identify your Allocation Take 1/3rd of your BTC allocation and just above the 23.6% level Take middle 1/3rd of your BTC allocation and just above the 38.2% level Take final 1/3rd of your allocation and just above the 50% level ….. WAIT PATIENTLY 10:30 Supercharge your DCA I had my FIAT Allocation. I made an error and moved up my 55K limit to 59K when I heard Ray Dalio news - I broke my patience rule but I had been waiting for 3 weeks all ready for a dip. Then I took my next 1/3rd and got a fill at the 55K level which was just above the 23.6% level I had my final allocation but was only going to buy if BTC fell to 50% level and did not have a limit order in but did have an alert on TradingView for RSI under 20. The fill hit at the 50% level at $47,350 My experience over the last 8 days 12:00 My Avg Cost over last 8 days Gain $1,888 13:00 BTFD 13:50 Craving more?