Not intended to be a piece of financial advice.
For the first time in the history of Bitcoin, we witnessed 9 consecutive Weekly Red Candles. Phew! Is it over? It's a big thing.
Plenty of market flush. A ton of sell pressure. Unprecedented fear amid war and tech-stock meltdown. And so much more.
We are deeply in recession whether someone believes it or not.
Now, the course should reverse, and things should relatively move towards a new beginning. There's light at the end of the tunnel. We all move towards it - one candle-pace at a time.
Reaching back to the 48K level is a big challenge, but any powerful catalyst, such as TESLA accepting BTC again, can make a significant move and will help convert the retail investors' fear into excitement. Some form of the catalyst is coming as the TA has signaled toward a new trend incoming by following a daily close.
This does not mean that the risk is over. If a whale that entered at about 25K bottom and decides to dump at 34k, there will be a short shakeup. You can still take benefit of that situation should you avoid fear and emotions and let the technicals serve you.
For the first time in the history of Bitcoin, we witnessed 9 consecutive Weekly Red Candles. Phew! Is it over? It's a big thing.
Plenty of market flush. A ton of sell pressure. Unprecedented fear amid war and tech-stock meltdown. And so much more.
We are deeply in recession whether someone believes it or not.
Now, the course should reverse, and things should relatively move towards a new beginning. There's light at the end of the tunnel. We all move towards it - one candle-pace at a time.
Reaching back to the 48K level is a big challenge, but any powerful catalyst, such as TESLA accepting BTC again, can make a significant move and will help convert the retail investors' fear into excitement. Some form of the catalyst is coming as the TA has signaled toward a new trend incoming by following a daily close.
This does not mean that the risk is over. If a whale that entered at about 25K bottom and decides to dump at 34k, there will be a short shakeup. You can still take benefit of that situation should you avoid fear and emotions and let the technicals serve you.
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!