FREE SECRET INSIGHT Bitcoin Crash to $21K Incoming - Yell | MyCryptoParadise.com
FREE SECRET INSIGHT
Bitcoin Crash to $21K Incoming
- Yello, ladies and gents !
After accurately predicting all the major moves of Bitcoin since the beginning of this year and keeping you updated about the new HTF cycle, MyCryptoParadise now anticipates the current zone at around $27-29k to be the top.
$19,550 First - DONE
$29,300 Next - DONE
$43k Top - PENDING
Firstly, when everyone was extremely bullish at around 23,500, we mentioned that before any continuation to the upside, we need to take the liquidity down first. As predicted, most of the bulls got heavily punished and we hit the exact level we had projected several weeks in advance - $19,550
At that point, people started getting extremely bearish, calling for $12k. Amidst all the pessimism, we clearly stated that Bitcoin was heading up to $29,300 next, and indeed, we saw a significant pump of around 49% without leverage
Many thought we were crazy every time we made a bold call like that and every time we proved to be right... Now, however, it seems we were mistaken in expecting $43k before any major correction
WHY
As you know, the ParadiseTeam is monitoring the markets 24/7 and we've been noticing loads of major bearish signs for the past week. In terms of on-chain data, TA, FA, and sentiment as well.
Our TA analyst from the ParadiseTeam, Simon, is talking about some of the stuff in the latest video on YouTube If you want to know exactly how things will unfold next, definitely go watch it now.
Also, in the latest Twitter post, we shared with you the recent flow of money under the power of whales Go check the full thread now if you want to know what is happening behind the scenes.
All this information points to an impending MTF correction at the 26-29k levels, not at $43k, which we initially expected as our MTF top before another correction in our original predcition we made in the beginning of the year.
SO WHAT NOW
All signs suggest we must drop to around $21k to create another higher low on HTF, take the liquidity there, close the CME gap, and only then continue back to $43k, our revised MTF resistance.
This isn't just based on what Simon showed in the video, but also because the open interest up here is extremely low. It might be due to the inflation and elements of global recession which cause people to have an off-risk bias and not trade much anymore, market makers actually need to entice more "fish" people interested in daily trading again at lower prices to drive on their new liquidity the price back up to $43k. We believe cheaper prices will sentimentally attract more investors, which is something the crypto market needs right now.
In light of these factors, it seems that a downward move is a real necessity. At ParadiseFamilyVIP, we're continuously adjusting our trading strategy with a focus on capital protection and long-term profitability, taking into account the new data we're receiving. We're prepared for the volatility that's bound to hit the markets.
This time, we're not providing an exact level as we did with the $19,550 prediction or $29,300. Primarily because there's a low amount of active traders these days and markets are lacking liquidity, with most of retail exhibiting an off-risk bias. Instead, we're giving an approximate level of $21k, which should be retested before going up to $43k.
If the current price action evolves differently and breaks above our resistance, our prediction may change. Until then, at ParadiseFamilyVIP, we are adapting our trading strategy based on this anticipation. We'll keep you updated at $21k, or if our current prediction changes.
If you are not yet in ParadiseFamilyVIP make sure you practice extreme emotional discipline at these levels ParadiseClub members, because market makers start pushing FOMO news already to use you as an exit liquidity, do not get trapped in high leverage trading and emotional over-risking.
Trade Safe Paradisers !
MyCryptoParadise.com
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