crypto_gunther
Short

BTC Gets Wrecked Scenario Before an Epic Run

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
What if $6,000 wasn't the bottom (like most have suggested) and what if $11,788 was nothing more than a bull trap?

What if complacency has set in among fearful traders?

What if we just started a 3rd bearish impulse wave?

What if the broken .618 Fibonacci level (on wave 1) was a warning sign of a market that is about to get wrecked?

What if panic sellers are on the brink of capitulation?

What if we broke $1,175 on the way up only to retest that point on the way down because we never established support?

What if BTC grew too fast?

What if I'm wrong? So be it. It is important to understand the risk of staying in a crashed market. This post isn't about scare tactics nor is it about being right or wrong. It's about capital management and risk assessment.

Be safe out there. This is not investment advice.
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