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jthrasher

BTC and crypto market Video overview March 11

Long
Bitcoin (COINBASE:BTCUSD)  
jthrasher Updated   
COINBASE:BTCUSD   Bitcoin
Chart Patterns Trend Analysis Bitcoin (Cryptocurrency) BTC Ethereum (Cryptocurrency) Litecoin (Cryptocurrency) LINK chainlink Chart patterns classicalcharting
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Daily commentary on Bitcoin and other markets' action.
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Comment:
Starting to have major second thoughts on this being a bottoming area. The fact we keep trading with risk on assets is concerning. Legacy is in absolute freefall and I don't see that stopping any time soon. In fact, I think it will accelerate as the exponential cases of Covid-19 pop up in the U.S. I've said it for a while, and still think it, but I think the US is mostly UNDERPREPARED for this situation and it's still not fully priced in the markets. Be careful out there.
Comment:
I know a lot of people think it's a sensational media OVERHYPING it but the numbers coming out of infected regions in Europe are eye-popping right now. If we see a scenario where hospitals are too full and triage takes effect we very well could enter a depression
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