Entry point for BTC based on momentum reversing out of the bear market. For those trading on confirmation and solid risk reward ratios.
Find a safe bottom, not necessarily the lowest price.
Strategy
1. The major buy signal comes when the first Heikin Ashi 1M closes green. (This was once printed in June 2014. But a high RSI would falsify the signal trigger)
2....
Good risk adjusted entry point could be when the first Heikin-Ashi turns green (historically) on the monthly
BTC can be expected to experiences 85% drawdowns.
