💎Exactly as the ParadiseTeam predicted in the last free update, Bitcoin went lower to take the liquidity and re-visited our strong acting support zone, $50-51k, before moving up. The support of ParadiseTeam worked as proper support should work, and we see a solid bounce today, congrats🥂
💎Our blue trendline also worked perfectly. Yesterday, when Bitcoin was dumping and was trading at support, many people started going bearish. However, we have been showing you in our news channel some breaking bullish signs from on and off-chain data that been signalling Bitcoin is bullish and that it is not time to panic like others. The opposite, actually.
💎The technical and fundamental trend shift, together with most people getting bearish at support, made a great cocktail for the short squeeze we see today and described it in more detail before it happened two days ago here👉click here
💎The US dollar index is also starting to give back some gains after hitting a new 2021 high yesterday, which is helping BTC today.
💎We have some LTF resistance at 54k. We need to see a daily candle close above that before seeing any bullish continuation back to $59,999. At the moment, our bias remains mid-term bullish as our sell condition (daily close under 50k) hasn’t been met yet; one more time, congratulations to those that remained patient and bought the local bottom with us🚀
Your last signal was very helpful. You have done a good job on this one, too. Your analysis on being patient right now during the market is very amazing.