Bitcoin is a short
Stop loss at 10.000
TP1 8000 RRR = 3:1
TP2 6000 RRR = 7:1
Potential catalyst for downside:
- Sell off in the coming weeks (similar to March 2020)
- Fears over covid easing.
- FED pumping stocks which will drive capital flows to that asset class.
Potential catalysts for upside:
- Fed losing control of markets.
- Second wave of covid and moooaarr money printing.
- Disappointing q2 results.
TP1 8000 RRR = 3:1
TP2 6000 RRR = 7:1
Potential catalyst for downside:
- Sell off in the coming weeks (similar to March 2020)
- Fears over covid easing.
- FED pumping stocks which will drive capital flows to that asset class.
Potential catalysts for upside:
- Fed losing control of markets.
- Second wave of covid and moooaarr money printing.
- Disappointing q2 results.
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