Double entendre intended, LOL!
Sorry....what I am meaning is a bottom in Bitcoin. I was chatting with 
I use a concept called the "rounded retest" to give me confidence that a price bottom has been reached. After price has reached a known support (or resistance) level, look for price to return to an order block, pivot point, or support level on a lower time frame. So today, price hit a known support level shown by the green line:
So now that a support level is reached, dig down into a lower time frame and look for an order block (a down candle prior to an up move) that gets respected. I found this one (blue box) on the 15min time frame:
You can see that price doesn't break through and gets respected 2 times before moving up. These would be ideal entry points.
In summary, you don't have to guess when a bottom is gonna be in nor do you need to catch a falling knife. Use the "Rounded Retest" method (rounded because that's what price action looks like) for confident entries- let the market tip its hand and let you know when it will turn in your favor.
Knowing when and how to get it in are only part of the story. Over leveraging, improper trade size, stop placement, and bad psychology are a different story and, if I'm being honest, is what I struggle with as I recently discovered and shared with
I refunded the account and am trying something different: a more disciplined approach and different thinking. I no longer have an expectation around how much money needs to be made on the trade but rather have a price target of where price needs to go before I exit the trade. I'm also OK with being wrong and am willing to assign a dollar value for how much wrong I'm willing to be.
How wrong are you willing to be before you get out of a trade?