2022-01-08 05:21:06
BTC/USDT FREE UPDATE Are You Scared -
Yello ladies and gents
Exactly as the
ParadiseTeam anticipated since December 6, we are finally retesting the lows at the $42k support again.
A few days ago, we closed the daily we been talking about previously, below the local support
(now flipped into resistance), which worked as a confirmation that we are really going to dump towards $42k, and as we said in the previous FREE Update (December 30),
"Bitcoin is a rocket, and it just needs more fuel to fly higher" It is doing exactly that and just getting tanked before the next launch, so this move down was
inevitable.
Suddenly, not everyone will be on-board at the time of launch; it is because most people can not think individually, but they act in herds. Keep in mind, that we can have a few more liquidation wicks below the $42k support to grab more liquidity so the market makers can, after that, push Bitcoin up again more easily.
We are happy to see a lot of traders calling a bear market here at the support, which is always a positive sign to see at any significant demand zones and without any professional confirmation of a bearish market start, Fear&Greed index at 15 points, negative funding across the whole market, FUDs with Kazachstan and its mining, plus others all over the fake mass media and totally bearish sentiment on CT. Even some veteran traders are falsely calling for a bear market these days. Probably because they barely know what that even means and doubtfully experienced at least one REAL bear market since the one in 2012. For now, we are experiencing only a small bear trend cycle, and that is
different.
If you were not fearful 3 weeks ago, this is not a time to start being fearful as we are at one of the most critical and major support levels.
As we said, the sentiment around perps is almost at the ATL, and also the OI is high because Finex whales been opening short positions at these levels just to maintain the price down and force weak hands to sell to them, and helped to overleveraged noobs get liquidated on the hunting wicks below $42k.
You will see many short positions opening everywhere over the coming days as everyone will get even more bearish and call for a bear market and nonsense levels. That will help to the reversal.
This is not a get rich quick game as many could think
(but are not among us anymore); this is a survival game, and if you want to be successful, you need to play it by your own rules. In volatile markets, you should avoid leverage trading, stick to the spot, and you should be perfectly fine if you can manage your portfolio and sizing properly. We are still on the path to $120k+, but most of the retail won't own Bitcoin anymore when it is at $120k because they get exhausted or lost it before that, they believed the lies, that they will get rich without any effort in crypto, but it was just to get their money in, and now they finally realizing that you need some skill and experience if you want to be able to actually
MAKE it.
Anyway, 2022 is a year for altcoins, strong and solid projects will be the ones that will benefit most from this; forget about meme coins, which are here just to take your money, do proper research, educate yourself and invest only in coins which actually have future. If you are not holding the vital pieces, better reposition your portfolio before the upcoming altseason!
We are experiencing a BULLISH retrace, and we will likely see already a very profitable Q1 for alts. And the one and only ALTSeason we have been patiently waiting to happen again to us since 2017!
Stay
safe and take it
easy and
smooth ladies and gentlemen,
Your
ParadiseTeam
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