BTC punishing the crypto space
Traders, nothing has changed. Prepare to get your shorts up. Going to keep it simple today. BTC did the classic fake out to the downside, and rip to the upside. Looking for BTC to hit 45k and wick up towards 50k. That will be the set up for another retest of the lows. These markets find a way to punish the most people. Way to many coins have been taken off exchanges. Those are the wallets that need to bleed, so I am looking for much lower targets, and most likely a long drawn out quest for this market cycle low. I rarely bring politics in, but with all the mainstream media ramping up fear about the overblown severity of covid, I can only expect a covid round 2.
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