Bearish scenario for BTC
2025-02-04
Category: None

In trading and crypto world you have to be open to all possibilities. As we are seeing significant drop among alts and market makers manipulation. Money is withdrawed from markets and price is failing. 

BTC price action reminds me 2021 year when after ATH there was a 50% drop.

Lot of similarities there - completed 5 waves, bearish div on higher timeframes, greed above 70/75, bullish sentiment, news etc.

On the other hand, current drop already liquidated more than 2b usd in one day...

We need to watch it closely and do not overtrade or do stupid FOMO.

In these time lev trades are not recommended.

THIS IS NOT A FINANCIAL ADVICE

MANAGE YOUR RISK AND ALWAYS USE STOPLOSS