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2023-01-22 06:58:10 ​​ FREE DOGE ANALYSIS

Best Time to Buy

- Yello, ladies and gentlemen !

In the previous update the ParadiseTeam made on December 24th, 2022, we already conducted an in-depth analysis of the crypto market for you and explained why the bottom is already in. We mentioned that new wealthy entities have entered the crypto space, accumulating and absorbing the selling pressure and that a powerful reversal will happen next. Since then, Bitcoin has safely increased in price by 35%

If the current new supports hold, some of the altcoins we are watching in ParadiseFamilyVIP are about to have one of the greatest rallies of their times!

Dogecoin is not the strongest, but its current price action is very interesting. Doge is also well known for burning noob traders who are trying to get rich quick on it, left, and right, so the positive sign is that most have already stopped trading it, and they are not watching that recently Doge formed a rounding bottom and broke the descending trendline from the previous high in 2022. This has turned one of the most vital structures into a major support zone, and its current trend is also supported by 50MA and other indicators.

Right now, we are trading just under the resistance trendline of a bull flag pattern that formed on 1h and Daily timeframe.

We are keeping an eye on a successful retest of the major support level to complete the retracement wave of this bull flag pattern or a breakout above the horizontal resistance to confirm further upward price action.

Once the confirmation triggers we are looking for a strong move towards our resistance levels shown on the chart below, with the highest possible expansion of 57% without leverage, before some bigger pullback takes place.

If we return to Bitcoin, from a higher time frame perspective, $25,200 is the next resistance we expect to be broken, and once it's turned into support, the main target in the next 3 to 6 months is $43k!

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2022-12-27 08:54:27 My Binance Paradise pinned a photo Open / Comment

2022-12-24 06:03:41 ​​ This week we updated you in our NEWS channel about Core Scientific - one of the biggest mining industry, filling for bankruptcy.

Historical analysis suggests that miner capitulation events have consistently been followed by market reversals. Therefore, it is important to closely monitor such occurrences in order to identify potential opportunities for trades:

Core Scientific - one of the largest Bitcoin miners files for bankruptcy - Link

4 Years ago: Giga Watt miner goes bankrupt, BTC was at $4500 - Link

8 Years ago: Mining ASICs Technologies miner goes bankrupt, BTC was at $290 - Link

Core Scientific has been liquidating their assets aggressively in an attempt to cover their debts. Interestingly, miners have been selling, but the price of Bitcoin has not seen a significant decrease anymore, and the Bitcoin price action has remained relatively stable. This suggests that there may be a new entity which entered the market absorbing the selling pressure. As professional traders, it is important to closely monitor market dynamics and consider all relevant factors in our analysis and decision-making processes. It is also crucial to remain mindful of the potential for emotions to influence our actions and to adhere to established risk management strategies.

Based on historical analysis, miner capitulations frequently indicate a shift in market trends and precede a reversal in price movement. As already said despite the miner selling, the price of Bitcoin has remained relatively stable, potentially due to new market participants absorbing the selling pressure. December has a track record of being a favorable period for dollar cost averaging and accumulation. Currently, we are in an hidden accumulation stage and the oldest and wealthiest miners in the market have ceased the selling! As we highlighted in our latest tweet, the selling pressure from miners is now diminishing and approaching oversold levels lower than those seen in 2018, signaling a potential reversal in the near future.

Check out our tweet for more information on the decreasing selling pressure from miners click here

Trade safe during holidays, ladies and gentlemen, and remember that proper trading is a marathon, not a sprint. Don’t let them to shake you out from this market; 2023 will bring loads of fun to all the bear market survivors.

The whole ParadiseTeam wishes you a merry Christmas and a happy new year 2023, which will be in a sign of a BULL

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2022-12-24 06:03:23 FREE SECRET INSIGHT

Is This The End For Bitcoin Miners

- Yello, ladies and gents

Today the cost of mining one Bitcoin has reached an alarming level of $21281, far surpassing the current BTC market price $16790.

As the cost of mining continues to surpass the market price of bitcoin, the sustainability of miner operations is being called into question. How much longer can the rest that did not yet capitulate survive and work at a loss

The smaller retail miners are liquidated and out of the market for a long time already. Today we are talking about the savage whales veteran miners, who are in the market for years already, owning mountains where they keep mining their machines worth millions of dollars.

These whales started to operate at a loss since June 12, 2022, when the cost of mining one bitcoin reached a high of $29,450. Due to electricity cost spikes, Energy prices, the ongoing Russia-Ukraine conflict, and the current global economic situation, they were not able to sustain profitable.

When looking at the on-chain data, we can see how the miners are coping with these challenges by tracking the Miner Outflow (Top10) metric, which measures the top 10 bitcoin flows out of the miners' wallets. A rise in this metric indicates that miners are surrendering to market forces. As we can see from the chart in 2022, this trend is not new – similar movements were observed at the bottom of March 2020 and the bottom of 2018 bear cycle.

As we showed you in our tweets channel today, mining difficulty dropped by 7.32% as a result of miners keep shutting down their equipment due to low BTC prices and unprofitable mining. These Miners may be considered as the most important participants in the crypto space, as they are responsible for network security. They have also accumulated massive amounts of BTC during the past years, and their buying or selling decisions can move the price significantly. Open / Comment

2022-12-08 03:11:12 FREE BNB ANALYSIS

CZ The Market Leader

- Yello, ladies and gentlemen !

#BNB looks like it is priming up for another run.

From a technical point of view, the Binance Coin has been slowly accumulated by whales in the $260-$290 support zone since August for nearly 5 months now!

You can see how the volume has been suppressed below the average till recent spikes indicating someone bigger is getting impatient. Looking at 4h TF, we are forming a bullish pennant above the support zone, this while Stoch RSI shows a bullish Divergence at the bottom, indicating an extreme strength!

At the same time, we have been witnessing huge unloads of funds from exchanges for the past few weeks, as people are scared after what happened with FTX and others… Today we tweeted the breaking news from CZ (CEO of Binance) that Binance has successfully as the first exchange audited proof of reserves!

On the on-chain data, we have immediately registered a spike of transaction flows back into Binance as people gain more trust in them. From a fundamental point of view, this is extremely good for the whole Binance ecosystem, as they, unlike other exchanges been respecting their risk management well enough throughout this bear market that they did not need to take any loans.

This will also be highly beneficial for their coin BNB, together with observing how retail reacted to today’s minor market drop (BTC only like 2% and OI fell crazy hard). It showed us that most leverage traders had already left the market. And that is why we expect Binance coin to use this opportunity and start its growth in the upcoming weeks.

Stay informed better than others, and follow us on Twitter @MyCryptoParadise_Tweets

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2022-11-14 04:10:19 ​​ FREE MARKET UPDATE

How To Make Money On Exchanges Going Bankrupt

- Yello, ladies and gentlemen

As professional traders, we must keep adapting to the current market situations and find opportunities where others may think there are no. When everything falls or dies, it always creates a space for something else to grow and alive.

If you have been with us long enough, you know that we have been full supporters of Binance from the beginning.

Binance is the only exchange with another two, which we mentioned in this MCPnews post, that we fully trust with our money.

But Still, these exchanges are centralised, almost fully regulated and act as a bank; the money you have there is not actually yours. This is not what Bitcoin was made for. And people finally start realising that no exchange, no matter how legit it looks, can not be fully trusted.

FTX is not the only and first one that went insolvent during a bear market due to lousy risk management. There was Mt Gox in 2014, Envion AG, Quadriga in 2018 and others... FTX is also definitely not the last one.

Gate io and Crypto com, for example, currently facing some shady problems as well. We explained this issue in depth for you in this tweet, where we also mentioned that the global "run on exchanges" can be incoming.

Now that we understand the problems with centralised and mainstream exchanges where third parties run a significant role in whose your crypto is and how much power you have above your money, we can start looking for some solutions and money-making opportiunties.

As always, black would not exist without white, and this situation is no different because decentralised exchanges and wallets exist.

On DEX, you can remain anonymous, be the boss of your coins and money and trade securely.

SafePal is hands down one of the best software wallets; it also can be a hardware wallet if you buy their device.

It is backed by Binance which gives the team behind SafePal credibility; the only downside is that their source code is not entirely open yet, but it has its advantages as well, as in the not-that-old code might still be some vulnerable spots and hackers could disuse that.

With the turmoil and fear surrounding centralised exchanges, people will continue to look for alternatives, and start realising more and more that SafePal will be one of the best choices. You have complete control of your coins with your private keys on software or hardware, plus SafePal allows you to access DEFI exchanges where you can securely trade crypto anonymously.

This morning in Binance ParadiseFamilyVIP, we made 70% profit on their token SFP https://t.me/MyBinanceResults/6499, and because of the things described above, we decided that we want to have some extra exposure in this project for long-term. In the picture below, you can see our trading setup. Our last sell target is at $3.6900, which is a weekly 0.786 Fibonacci resistance level of #SFP.

Take it easy and smooth, ladies and gentlemen, stay safe during these wealth transfer times, and think differently than others; now, it is even more important than ever.

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2022-10-12 02:23:54 ​​ FREE SECRET INSIGHT

Veteran Hodlers Capitulated; Do They Have Some Insider Info

- Yello, ladies and gents

You all know that we have been experiencing an extremely low-volume, slow-moving market for the last 3-4 Months. We are basically at the same range since 14 Jun. But what is happening behind the scenes?

From a technical point of view, if you zoom out, there is really not much to update if you focus on the long-term game. We are still at a prolonged accumulation stage, and the macro market structure keeps on holding. This is where most short-term "traders" will be bailed out of the game (money-wise and energy-wise) before the major move takes place.

When trading, always ensure you understand where the market stands at the moment and then decide the best and long-term most profitable strategy to play in the current situation; the best traders are those who can adapt.

From a more in-depth point of view, however, one can see some things that most market participants do not know about. For example, look at the SOAB metric, which the ParadiseTeam show you in the picture below. You will be able to start analysing the detailed capitulations of certain participants in the market.

By looking at the chart, it is visible that the coins bought around 6-18 months ago (between April 2021 and April 2022 when BTC was trading above $30K) are being sold in significant losses aggressively in the range market is trading at right now.

Many holders who entered the market during the 2021 bull market are capitulating here and exiting the market at a 50% loss on average.

These capitulations tend to occur during the last months of a bear market, confirming our technical accumulation structure and a bottom formation.

During the late phases of bear markets, even the most loyal traders and hodlers tend to capitulate out of fear and sell their coins at considerable losses to prevent bigger ones.

Purely from a sentimental point of view, if you consider most people's current market and financial situation, there are only two types of retailers right now. The ones who are off-risk and keep their money mainly in fiat. Worried about the future world situation. And the ones who are recently at a loss and trying to make it back quickly. And in this low-volume market, the only way to do it in their mind is by using high leverage, and as you know from our news channel, it is not going well for most of them.

On the other side of the table are the smart money, a cohort of market participants with deep enough knowledge and understanding of the market cycles, and strategy makers who have been securing their portfolios properly and can accumulate cheap coins during gruesome downtrends. Know when they can afford to play with high leverage and when not. And have proper skills in recognising and playing different trading styles based on the current market situation.

As you know from our Twitter channel, 1.3M of the wealthiest addresses bought BTC at around $19k.

At the same time, DXY has seen the largest down volume in the last five days, and the previous high was not supported by any significant candle buying volume, which means small fishes are being caught at the top again. And if the Dollar has topped already, crypto has bottomed...

- Strategize well during these market conditions and stay on the safe side ladies and gentlemen; as always, it will pay out for you generously in the future

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2022-09-21 03:23:47 FREE UNI + MARKET UPDATE

Why Is Nobody Talking About This

- Yello, ladies and gents

18 hours from now (at ∼20:00 CEST), the FOMC meeting will take place!

The ParadiseTeam is actively monitoring the situation for you in the news channel - MCP News

From the trading point of view, it is not wise to expose yourself much and have high leverage positions opened now, as the volatility is expected to be high in both sides. The only clever thing is to wait until the dust settles and attack afterwards

In the first picture, you can see a chart representing all DEFI projects. It is clearly visible that we are approaching a zone where wave 2 will complete itself soon. We expect a healthy move to the upside from DEFI projects in the near future. This move will surprise most retail traders and catch the majority unprepared, forcing them to chase higher prices later.

The absolute most robust DEFI Project right now is UNI. Since going live in 2018, Uniswap has facilitated more than $1 trillion in volume and served over 4.2 million users worldwide. It’s among the top-quality Defi projects in the space and currently reaching a solid buy zone; together with the hidden bullish divergence on a daily and wave B From 4 - completing at this area, this might be the one-in-a-lifetime opportunity before the next wave C from 4 - starts to form and will send UNI to $11

Overall, bears seem to be slowly but surely losing power. In our Twitter channel, we have shown you many on-chain indications supporting our bias already; check the latest on your own eyes - MCP Tweets

Dollar keeps forming the distribution pattern we first showed you on 29 August, and its PA is getting weaker every single day. We can't see this going on for longer than 1-2 months maximum.

Take it easy and smooth ladies and gentlemen; stay safe during FOMC volatility, and remember to protect your capital first and make money second ! Not the other way around

Your ParadiseTeam Open / Comment

2022-09-10 00:57:01 FREE MARKET UPDATE

Here is Why Some Altcoins Will Go Parabolic

- Yello, ladies and gents

One of the charts very few traders know about is OTHERS.D.

This chart shows the dominance of coins, excluding Bitcoin and major altcoins with a high market cap.

If you properly analyse the chart, you can clearly see that some fundamentally and technically powerful ALTCOINS will have some decent recovery in the upcoming weeks.

If you are managing your portfolio with care, you will soon start experiencing gains like in a full bull market again !

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2022-08-29 16:55:25 FREE DXY ANALYSIS

Is U.S. Dollar About to Collapse

- Yello, ladies and gentlemen !

As you all know, when the DXY (Dollar Index) grows, Bitcoin + altcoins drop, and vice versa.

Since June 2021 Dollar was against other currencies in a parabolic growth, FED was doing everything possible to keep this fiat currency on the top of the market and their economy as stable as possible.

They are essentially helping themselves by printing more to the circulation while forgetting about other factors that will put this currency's worth to zero in the future. And same happened to Salvador; they will be forced to switch to crypto, which is at least backed by something more than thin air.

The change is very probable to start happening very soon! DXY is approaching major decade-long resistance and forming a bearish Adam and Eve pattern. DXY is at overbought territory, with bearish divergence on MTF! For now, the market can still turn this LTF MSB into support and continue higher, but if we aggressively lose the low, then that's an excellent start for a massive reversal in the crypto space

Our Paradise Support Team is ready to answer all your questions @MCPsupportbot

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