Pick a dollar amount and (buy|sell) that amount of Bitcoin every week on the same day at same time. By making a 'dumb' plan, you remove the enticement to try a

Pick a dollar amount and (buy|sell) that amount of Bitcoin every week on the same day at same time. By making a 'dumb' plan, you remove the enticement to try and time the market. Perhaps even more than wall street markets, it's hard to day trade Bitcoin successfully: most of the advice you'll read is by people who are either lying, exaggerating or got lucky. The major issue is that there is a TON of non-public information that is much more relevant to price levels than publicly available information. Many smart players who are using 'insider info' will be able to eat your lunch. I fully expect that someone has a very accurate model of the quantity of deposits at some exchanges via address linking, and is watching inflows and outflows carefully. I also expect employees of Bitcoin exchanges are passing data to trader friends. Knowing when a big chunk of Bitcoin is about to be tradable on an exchange is a great sell indicator, and USD a great buy indicator.