The point of dollar-cost averaging is to buy an asset daily/weekly/bi-weekly/monthly regardless of price. Basically a "strategy" that acknowledges that you can't time the markets so you're just going to average in instead. Starting to DCA only at a certain price sort of somewhat defeats the purpose.
I'm not saying that you shouldn't do it or that what you said is a bad strategy; but yea.
Oh okay, im not exactly follow the theory on the book or in wikipedia
Im DCA=ing the dip, because just like the meme you never know where the bottom of the dip.
Offcourse you feel free to DCA as in wikipedia or theory on the book, if you feel that you should do that