BTC\USDT

Let's see what's going on with Bitcoin right now and what we can expect in the future. And let's look at a few scenarios for action.

Bitcoin droped more than 25% it was a bit painful, but most altcoins have fallen even more by an average of 40%

At the same time Bitcoin's dominance is declining, which is odd, but let's not focus on that.

BTC did make its previous low after all. Does that mean we have entered the bearish phase? - No. We've officially entered the 'flat phase'. 

What does that mean? In simple words, it's market random where we won't have much of an advantage of the main trend. It is in this phase of the market where the money made on the trend is lost.

What can we do about it?

- We can just watch the market. And that would be the right thing to do, especially for those who have caught a certain part of the trend.

- We can reduce our risk in trades as much as possible and reconfigure a little bit our trade approach. (For example, taking 50% of the profit when the first target is reached, or even more, we can also move the stop to Breakeven immediately after the first target is reached)

Now let's focus on the chart.

After such a fall, the main thought for everyone is "isn't this the end and we will keep falling - we should sell everything".

This is normal and as a rule, at this point, you will see that the price starts rising again.

Please take another look at this scenario, which we also looked at at the beginning of this correction. We just updated the low, but strangely enough, the price starts rising again. Many people call this market inefficiency, but what matters to us is not who or what they call it, but the possible scenario. And in this variant, if you decide to sell everything right now - it will probably not be the best decision, it might be worth doing it on a pullback (price increase)

This will be fair for those who have held positions for a long time and have a good profit, or you have enough patience, or if you are good with money management.

What do we do now? We're going to buy. Why? In a flat, we are guided by previous supply and demand zones and volumes when the lows/maxes are updated (this information costs like a year's subscription :) )

Here's how it is now. 

And if you see this combination in the trend - you buy or sell in the direction of the trend or in which direction the breakout is going. In the case of a 'flat phase', you do the opposite. (And again, this information costs as much as a year's subscription :) )

Does this mean 100% that we are right - no! So, reduce your risks, especially in a flat. 

Let's imagine Bitcoin goes into a 'free fall' and goes down without a pullback to the next demand area around 30k. It's a cryptocurrency and that happened on Feb 20. But it is the exception to the rule. And now Bitcoin is a bit "heavier" so a pullback is more than 70% likely 

If after this pullback we update the next low around 42k - we move to futures and look short positions.

We are in for a tough period while we are in a flat, every fundamental movement of Bitcoin will be accompanied by commentary.

Bottom line: If you have held positions long enough (you are in profit x2 or more) - wait for a pullback and sell the part you think you need. (30% or more)

Count on the fact that this money will not return to cryptocurrency. 

If everything goes according to the main scenario, where the current fall is just a correction and we will see another 70k - 80k in the last movement, those funds better not participate. (the same 30% mentioned earlier)

If you do not have any positions, you have just joined - reduce the risks, we are waiting for a difficult period, fix most of it when the first targets are achieved.

We hope this will help you navigate the current situation a little better.

And one more screenshot for the mood, what 'flat phase' might look like