So what I am thinking to look at the weekly EMA of 20 EMA and 100 EMA and when they cross, it actually marks the bottom of the bear market. In 2018 when those two crossed it was actually right at the bottom and after saw a big recovery up from there.
Looking at Fibs we should be heading to 13.6k as absolute bottom, but I wouldn't try to buy up absolute bottom as it is always hard to predict if it really gonna go there. I am just gonna put in buy order at 15k if there be a sudden big dump, I be fine if it buys that, but if I see the 20 EMA and 100 EMA crossing, I will start buying even if not hit the buy order of 15k.
Not financial advice, but my own thoughts and strategy.
Looking at Fibs we should be heading to 13.6k as absolute bottom, but I wouldn't try to buy up absolute bottom as it is always hard to predict if it really gonna go there. I am just gonna put in buy order at 15k if there be a sudden big dump, I be fine if it buys that, but if I see the 20 EMA and 100 EMA crossing, I will start buying even if not hit the buy order of 15k.
Not financial advice, but my own thoughts and strategy.