BTC/USD FREE UPDATE 28000$ taken - what's next - Yello | MyCryptoParadise.com
BTC/USD FREE UPDATE
28000$ taken - what's next
- Yello, ladies and gentlemen !
As we correctly expected in the previous FREE update, $28k after a few days rangebound periods has been finally taken today! And instantly printed around 6% recovery to the upside
However, don't think you have caught the total bottom. Take a look at the bigger picture of NASDAQ and the S&P 500 Index. You will clearly understand that S&P has corrected an average of 30% in each recession.
That will put the S&P 500 Index at around 3300 level from the highs, which perfectly aligns with the pre-pandemic levels. AND that has not been touched yet!
Current NASDAQ volatility has reached new highs not seen since March of 2020, meaning that global markets are seeing extreme lower time frame shakeouts. This is affecting the global markets and crypto as well.
Looking at Bitcoin, if we lose the $29k level again, we expect a move towards the ~$24k macro bottom strong support zone, which would align with the S&P pre-pandemic levels. If you are not yet in ParadiseFamilyVIP with all of us, make sure you monitor the LTF price actions closely on your own and take only extremely safe trading opportunities in this cycle!!!
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