New (for me at least) DCA strategy

It’s pretty simple - only buy on down days in relation to how much it’s down. Easy, automatic, emotion-less DCA that scales purchases based on the level of dips.

I’m doing $10 for every 1%, so the recent -4% day I bought $40 worth. When I checked about an hour ago it was down 1.4% on the day so I bought $14 worth. I check the price a lot throughout the day so it’s pretty easy for me to pull off.

Does anybody have experience with a similar strategy? I feel like it’s a smart DCA strategy that will remove the guesswork & emotions while taking advantage of the volatility.

I know I’m starting in a bull market so the next bear market will challenge the strategy differently, but I’ve been a bitcoiner/investor for 7+ years now so I’m confident I’ll be able to stay rational and stick with it through the down cycles (and I make a lot of money through diff sources so regular small purchases won’t be a problem).

More purchases during bear markets than bull markets seems like a big long term winner, no?