Yet another rejection

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I personally do not see BTC going to new highs or even >10K , given the climate that the world is in now.

If you realise, BTC is tracking S&P very very closely, when S&P dumps, BTC follows.

BTC will always be considered an alternative investment as compared to traditional markets such as stocks etc.

Once there is a strong move downwards for stocks causing margin calls, investors will first liquidate their risky assets to fund their safer ones.

So until a vaccine is manufactured and distributed worldwide, everything is going to go lower.

Cash & Gold is king during this period.

Stay safe and healthy folks.

My buy Zone is 1K - 3K, we have yet to see capitulation.
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BOINK!
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Scam wick at 7 - 7.1k to take out the late shorters and down we go.
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