trading charts

The best approach to trading Bitcoin in my opinion is not to, the best approach is to accumulate and hold or the way is commonly referred HODL here is why I say this, Bitcoin is currently extremely volatile unless you are a pro trader at least in my case is hard to be able to make money this way in my case the couple of times I had tried to time the market instead of dropping Bitcoin continued to climb after an small drop so I wound up buying at a higher cost due to fear of missing out or FOMO.

Based on this all I do now days is to DCA or Dollar cost averaging every week I have set up to purchase X dollar amount of bitcoin at the same time on the same of the week and I honestly do not pay attention to the price on a day to day basis I consider my self to be in for the long term.