Liquidation domino effect!

if you trade BTC for a while, you are probably accustomed to these types of massive drops!
BTC is a high leverage product that causes domino effect drops once a dump is happening.
we can see the drop came from 28,200 all the way to 24,600!!!

so what's next ?
Bad news on the economy in China + SEC Appeal on the XRP trial caused a big outflow of money from BTC.
the technicals are showing us a completion of a gap from the previous rise. ince the bad news blow away and we are done converging in the 26k range we will start rising back up towards the 30k level.
there is a possibility that we will need to touch 21k first as expectation on a bear market on Nasdaq are getting stronger ( remember the correlation between Nasdaq to BTC).

Final Target will be the 50% of the previous bullish run = 35,000
We recommend in times of chaos and confusion to start accumulation, as the great Warren Buffet said when there is blood in the streets its the best time to buy !

we will do DCA = Dollar Cost Averaging and buy small amounts of BTC contracts at the current area, if we go to 21k we double down and buy much much more.
we start offloading (closing profits) at 29,500 , 30,000, 31,000 and leaving 30% of the position to keep running to 35k.

if this goes as planned this trade can be VERY lucrative and taking advantage of these events as a trader is mandatory.
we strongly suggest NOT to short BTC at the moment.

Remember -19.5 million BTCs are already mined leaving us with less then 2 million , add to that only 4-5% of the world population are holding BTC. this math causes BTC to be very bullish in terms of price in the long run - don't let the news scare you off ! the future is crypto !

please trade safe ! do not trade money you cant afford to lose. trading Crypto is very high risk.
this is not a financial advice in any way ! please do your own research