🌴QUICK FREE BTC UPDATE🌴
💎Yello! As Bitcoin broke down the last critical support zone at $40-42k, We have seen a colossal liquidation cascade today with a low at a high $29k.
💎Most of the selling pressure was indeed organized and, as a catalyst, worked the FUDs from the past days.
💎Despite the increased volatility (hence more significant moves), we are still in a similar cycle as in 2013 (right side).
💎$32k should provide excellent support on a possible re-test, and If we want this scenario to play out, it must hold. The previous support zone at 40-42k is now acting as a resistance.
💎The re-accumulation could take around 2-4 months in an extensive range before a large continuation to the upside, should be in bullish manners, and the price action of BTC should be beneficial for altcoins.
Take it easy and smooth ladies and gents, stay safe.
Your ParadiseTeam🌴
💎Yello! As Bitcoin broke down the last critical support zone at $40-42k, We have seen a colossal liquidation cascade today with a low at a high $29k.
💎Most of the selling pressure was indeed organized and, as a catalyst, worked the FUDs from the past days.
💎Despite the increased volatility (hence more significant moves), we are still in a similar cycle as in 2013 (right side).
💎$32k should provide excellent support on a possible re-test, and If we want this scenario to play out, it must hold. The previous support zone at 40-42k is now acting as a resistance.
💎The re-accumulation could take around 2-4 months in an extensive range before a large continuation to the upside, should be in bullish manners, and the price action of BTC should be beneficial for altcoins.
Take it easy and smooth ladies and gents, stay safe.
Your ParadiseTeam🌴
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Follow a team of traders with 10+ years of experience?
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🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
