The sell everything panic isn't done yet..IMHO
The situation with all asset classes is hanging in the balance of things we can't fully understand. The dollar looks like it's breaking out at the same time the world is shutting down. This is not good. The world needs dollars and they sell the U.S things to get those dollars. FED swap lines can only go so far.
So when it comes to Bitcoin shown in this chart, looks like nested impulse down to shakeout weak hands and correct the big run up from a few years ago. Will buy as much as possible near $500 and add more if it gets any cheaper. Not that I give a shit about crypto. It's more like a lottery ticket and a call option on the future of digital currency.
So when it comes to Bitcoin shown in this chart, looks like nested impulse down to shakeout weak hands and correct the big run up from a few years ago. Will buy as much as possible near $500 and add more if it gets any cheaper. Not that I give a shit about crypto. It's more like a lottery ticket and a call option on the future of digital currency.
