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Nextep
Aug 5, 2019 5:34 PM

Combined Crash of Stock and BTC Short

Bitcoin / U.S. dollarBitstamp

Description

BTC has been going up together with the stock market and gold since January, still i think BTC and the stock market will be considered correlated since traditional gold will attract more cash. I know this is against the current trend but I think panic in the markets will scare some money away from Risk assets like BTC so i think there could be some chance we could see a combined sell off, possibly even to new BTC lows. Still I would not play this since all indicators are long, just my thoughts on the situation as BTC has not confirmed an new recent high.
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