coreSATS

BTC/USD weekly picture-perfect setup

Long
COINBASE:BTCUSD   Bitcoin
The chart tells you the story about many things that I can't even elaborate with words.

Trade observations are closely tied with the mathematical calculations as profits and losses are directly proportional to investments. When you invest, you like to profit. It's simple like that.

Such basic principal energizes markets so that they can move on. When the course is probed and forced to revert against its natural direction, terrible things happen.

Was Bitcoin meant to crash at the 48k level when it was almost indifferent to the rest of the markets? That was the level with optimum upthrust from its unique correction fundamentals.

We have witnessed Bitcoin crashing over 80% from its ATH, but this is where it is interesting to observe whether an invisible force becomes active at such a peak. FED's aggressive interest hike to combat inflation can't be the only reason that the entire markets are doomed.

Of course, some SCAMs and con artists in the crypto sphere are also responsible for the turmoil in the space and create an immense fear at times, but those are momentary, and Bitcoin knows how to get back stronger and offer greater excitement to the community. It has been such for over a decade. And this time is no different, except there is a dark hole that is meant to suck up and swallow as much possible.

Is Bitcoin trying to tell us something we have yet remained unknown?

Join our Bitcoin community at coresats.com/. Interested to ride on "Bitcoin" indicator and strategy that avoids emotions and helps focus on chart patterns and returns? You got it. Let's thrive together!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.