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Lukazo
Jul 29, 2021 10:51 AM

BTCUSD the Bear scenario Short

Bitcoin / U.S. dollarBitstamp

Description

as BTC (and crypto in general) becomes more and more interesting for institutional investors, the desire to regulate, control and manipulate the market will increase, which could spread pessimism with the result of falling prices.
contrary to my basically bullish attitude towards BTC here i present my bearish scenario which in my opinion could play out as well.
personally i will take the risk to place a short position with a small amount.
stay safe and good luck to everyone!

Trade active

opening a short position from here. target is 35k then 30k

Order cancelled

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