Today we gonna answer to this question: Why BTC is going to have a -50% retracement ? AT LEAST
this strong leg up due to fomo has succeeded into
bringing new investors into the market
(and the same investors as in 2017 if they survived)
New players make the hapinness of this sharks which are now about to dump it to terminate all this lambo dreams of...
strong structure shows sellers pressure
price was contracting
and it's now about to make the expansion move
Plus, there is a bearish wedge which just broke down.
There is a nice entry setup now with sl just above the
Now btc is forming a bearish pattern on an important level (8K it's psychological level and important structure)
there is an inside bar about to broke down that means bearish momentum is here
Have a nice day!
2% money management