You might have heard tons of different talks about different spots being the bottom of BTC, but proper use of FIBs will show you where the supports and target could be. The main important number now is the 0.618 where we could see if it break through it, then we can expect more down movements, but if it bounce or hovers above it and get an upmove from there.
My own strategy is to use half of my money at 27K and possible we get a nice bounce, however if it is a deadcat that will go down harder after, could atleast trail it up with a stoploss if it goes down under to get a small profit during a bounce. When it goes down under 27k will know the next support will be at 17k have my entry back into BTC.
I have my doubt with people who are suggesting 10k though there is a big support, but seem very far from the any FIB levels.
My own strategy is to use half of my money at 27K and possible we get a nice bounce, however if it is a deadcat that will go down harder after, could atleast trail it up with a stoploss if it goes down under to get a small profit during a bounce. When it goes down under 27k will know the next support will be at 17k have my entry back into BTC.
I have my doubt with people who are suggesting 10k though there is a big support, but seem very far from the any FIB levels.