Outside of those who day trade I have no idea how y’all look at these charts everyday. When it’s time it’s time but until then…..
I'm more long term, not a day trader. I've been really doing it a lot more lately simply because I feel it's not going to get this low for who knows how many years. Bear market, bad economy/inflation, probably a recession etc. So I think this is the best time in years to buy. Many of these top coins are at yearly lows.
I'm always using price alerts but in the future where we're in a bull market again, it'll be more DCA I imagine. It'll be hard for me to go heavy on Bitcoin for example once it goes back up to 50k, 100k whatever. But I'll set it on automatic with small deposits. Of course if you do go heavier and when the next bear market comes, you can always sell, take profit, buy back in lower etc.
I'm just taking mental notes and using all time highs, even tho some say you shouldn't.
What I mean by that using Bitcoin as an example, with about 69K being the ATH. If I broke that into thirds
0 - 23k
23.1k - 46k
46.1k - 69k
While nobody knows the absolute bottom, you can figure out bottom areas. So buying Bitcoin now, you know you're buying at the bottom third. And if 1 day it goes to 100k, you know you bought at the bottom fourth. So buying at bottom areas.
And I know some coins had all time highs at release or some freak 1 day all time high. I mean more coins that were at or around their all time high for awhile. Buying in the bottom areas just makes sense, if it's a coin that also has real money and project behind it. At least that's how I'm going about things.