chungdha

Still bearish till Stoch bounces Weekly Stoch RSI is still very bearish and need to wait till it hits the bottom till we can really say we are bullish again. Have two supports for next legs down it all depends one fud and news how hard we are gonna go down. If we have a slow soft dump we might hit bottom around 11-12k, but if some major event causes a hard dump, we might see go well beyond that around 6-9k area. Personally I have set a partial buy at 12k and then another buy at 9k area. As we could dump to 12k area and bounce up before going down more and take profit before it goes down more. As currently world in a recession and also doubt it get resolved in a very short time and not see any new ATH this year. Not financial advice, just what I see and my own strategy how I am gonna trade, but I am no expert.

My eyes on weekly EMA crossing 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.