Step1: Buy when 1BTC = 60,000USDT
Step2: Buy when 1BTC = 55,000USDT
Step3: Buy when 1BTC = 50,000USDT
It is possible to predict when the price of Bitcoin will move in which direction, but it cannot be guaranteed. so your strategy doesn't seem to work very well. I think every investor should not focus on whether the price of Bitcoin goes down or up, but should continue using DCA strategy according to his investment ability regularly and decide to hold them for long term. DCA always maximizes risk due to which the probability of loss is greatly reduced
No, actually it cannot be guaranteed when the price will actually reach that level. It's just that maybe when analyzing 24 hours or a 4 hour time frame, it might be a little predictable about the direction of the price. but for several periods, it is difficult. Predictions are still predictions, sometimes they can be quite close, sometimes they are the opposite.
For this reason, when implementing the DCA system when investing in Bitcoin, you really have to be mentally prepared and have strict holding. Because if not, then when after buying at the third step, then the market changes drastically and finally crashes very significantly, then it will affect our risk management, how strong our mentality is to remain holding until we reach a certain target price.
Imagine if the mentality is not strong, then it will make the holder panic instantly and then lose control and then carry out a panic sell. For this reason, patience and emotional and mental management are quite influential in this matter.