Kazonomics

Bitcoin vs Spx500 Correlation with both at Key Levels

Long
BITSTAMP:BTCUSD   Bitcoin
CB's are stepping to stop the bleeding the question is can they really do it. Right now the fears of Coronavirus are finally making sense with the VIX and officials being forced 2 take any emergency actions to mitigate risks of a run away pandemic. However if any further news drops about potential risk to leadership we can be back at lows in moments. 2018 lows have hit by both Bitcoin & SPX500 both levels are key, if they can hold we may yet avoid armageddon. VIX is still very high and normal risk assumption doesn't resume till we are below 21 caution is still advised stay safe peeps on or off the charts Corona isn't over yet 😷👍

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