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My BTC bottom strategy
Have drawn blue lines the correlated to any of the previous supports that BTC still have, yellow is now the current down channel BTC is in.
My own strategy now is using Stochastic RSI indicator on daily which shows where major bottom and tops of this down channel is. So when Stochastic RSI gets very close to the bottom, then I set a buy order at the closest blue line it haven't passed yet. Even if it is not real bottom, can still get small profit when it get to top of the channel and the Stochastic RSI also indicated it is at the top.
As BTC broke through support and for it to go to 1.6 Fib says it 20k, but still always careful it doesn't fully follow fibs and find support at other places.
Not financial advice, just my strategy how I feel might be good way not to fully miss the bottom.
My own strategy now is using Stochastic RSI indicator on daily which shows where major bottom and tops of this down channel is. So when Stochastic RSI gets very close to the bottom, then I set a buy order at the closest blue line it haven't passed yet. Even if it is not real bottom, can still get small profit when it get to top of the channel and the Stochastic RSI also indicated it is at the top.
As BTC broke through support and for it to go to 1.6 Fib says it 20k, but still always careful it doesn't fully follow fibs and find support at other places.
Not financial advice, just my strategy how I feel might be good way not to fully miss the bottom.
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