In this day of red, I feel like deploying some funds to buy some cryptos. Ok, more like starting to DCA rather than pouring all at the same time.
But still, there is a need to strategize. Allow me to think aloud here.
HIVE or BTC: What to buy now?
This is the BTC chart below. It seems to me that it is heading to the lower bound of the Bollinger band. And it is looking like the downward pressure is not extreme.
The chart below is the Hive/BTC chart. It seems like the valuation of Hive against BTC is at its weakest, and it is at the line of support.
Now, given these two situations, which will be a better deal?
Suppose the aim is to gain more BTC, the decision would be based on whether we more likely see a spike in the HIVE/BTC than BTC/USDT?
My thinking is that we will more likely see a spike in the HIVE/BTC.
This means I should put in my DCA on Hive and then when it spikes, I would convert to BTC.
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
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