BTCUSD January 2015 panic

So the $300 broke and we made a low to $298.55.
A lot panic in the morning, a lot of stops hit & a lot of people exit their longs.

Still there are traders waiting for the $260 for BTC. Yet we need to think
if the market makers want to short squeez soon because shorting
at this point might be a riskfull play (Risk/Reward)

The Market can have some 'upside' potential but yet you need to be carefull
with taking shorts/longs now. The fear&greed at this moment is unmatched.

Market Makers / Whales wanting to margin call people in a brutal way, hoping to crush some skulls of traders with
scare them out of theit postion, hitting stoplosses or margin calls.