Short Term Pullback in BTC to $13,900 Due to COVID Deaths in US
It's my view that BTC will have a short-term pullback as the US announces the 5th day in a row of 1,000+ Daily COVID deaths.
Sunday COVID infections were near the all time highs of 126,000 (3rd day in a row).
So far the market has completely ignored the lockdowns occurring in Europe and the stunning rate of infections due to the election last week.
Expect the market to finally wake up this week and start to price the risk of the economic impact of COVID infections while there is still no approved vaccine.
The catalyst driving bitcoin lower will be the SP500 selling off during the Monday session after a big run up last week.
If you want to go long BTC, just wait for better prices - we're a little hot and whales are taking profit right now.
Sunday COVID infections were near the all time highs of 126,000 (3rd day in a row).
So far the market has completely ignored the lockdowns occurring in Europe and the stunning rate of infections due to the election last week.
Expect the market to finally wake up this week and start to price the risk of the economic impact of COVID infections while there is still no approved vaccine.
The catalyst driving bitcoin lower will be the SP500 selling off during the Monday session after a big run up last week.
If you want to go long BTC, just wait for better prices - we're a little hot and whales are taking profit right now.
Order cancelled:
Pfizer just announced a vaccine that is 90% effective - trade closed - LONG BTC with very little downside macro risks.
"This is about the best the news could possibly be for the world and for the United States and for public health," said William Gruber, Pfizer senior vice president for vaccine clinical research and development. It was better than even the best result he had hoped for, he said.
www.zerohedge.com/ma...t-covid-vaccine-news
"This is about the best the news could possibly be for the world and for the United States and for public health," said William Gruber, Pfizer senior vice president for vaccine clinical research and development. It was better than even the best result he had hoped for, he said.
www.zerohedge.com/ma...t-covid-vaccine-news