💎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🌴
Great analysis on the overall market, Agree to the re-accumulation part it will take some time before BTC gets in the growth zone again.
amaloyz
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wont go up anymore, last time there is elon, richest person at the time, now it has no one but fear and profit taker, every pop will be short profit taking short scalp. btc is done. if u have good entry u better scalp it or lose ur profit. huge bad news from china when asian wakes up, more bloodshed.
FlowersFor
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Bought 8x at 34k i hope i dont need to use StopLose.
cryptn00b
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I think these sort of corrections are essential for newbie traders to learn that the cryptocurrency trading market isn't easy. I think have a reliable team who can provide detailed trading signals is essential. Being a ParadiseVIP member it has helped me to hedge myself from loosing money at the current downward trend of the market. Great Job guys you guys are awesome.
Tradingexpert2019
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I think we are in the safe zone now, since the price is hovering over the $40,000 mark.Insightful Technical analysis
UnknownUnicorn19062878
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Your team has done a very detailed analysis on the BTC correction patterns, its amazing to see that there is a lot of similarity between the 2013 correction and the one we are going through right now. Will follow your updates from now on!
Guru_3d
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Loved the analysis, there are definitely similar trends to previous BTC correction and dips. I am still bullish on BTC
IPO19
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I usually do my own analysis and then check to see if there are others that view things in the same way.
I found your analysis and I agree with it because it's very similar to mine.
The world is in a bigger hurry now, so the time frames may be smaller.
UnknownUnicorn19258665
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Loved the in-depth analysis, the level of volatility BTC is experiencing is unprecedented. Glad to see a similar trend followed in 2013.
euphoricLlama36726
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My understanding of the market has been considerably enhanced by your analysis.