Analyst Miles Deutscher Reveals Spot DCA Investing Strategy with Crypto Trading Bot
- Aussie trader Miles Deutscher believes the next few months of the crypto market will be an accumulation phase, where investors should continue strengthening their portfolios.
- He decided to test the convenience of trading bots by setting up an accumulation-based strategy – dollar-cost averaging.
- Deutscher is setting up the bots to make daily purchases of AUD $166.67 spread among 10 altcoins.
- The projects Deutscher is targeting includes Chainlink, Polygon and Internet Computer.
In theory, trading bots sound like a home run. Exchanges spruik their algorithms as providing guaranteed returns that can read and react to market movements at speeds humans can’t replicate. Bots also have the advantage of not having…
