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2021-03-02 18:48:49 ​​ FREE COIN ANALYSIS

-BAND/USDT

Yello Ladies and Gents

BAND pulled back with the rest of the market but retested important support. This support is at $11.1, which is the retest of a previous breakout zone and the 0.618 Fibonacci level. The wicks at this area show immediate buying support in this zone. The bulls are being aggressively buying the dips.

On the 4H timeframe, the selling exhaustion been visible on the ATR+ indicator (ATR - Average True Range - measures market volatility by decomposing the entire range of an asset price for that period) and on a bullish divergence signal. It signalled that bulls are stepping in. And it got confirmed after the price crossed the baseline.

HTF trend continuation of BAND looks likely. For some people, it is definitely not a bad time to establish a position within the white range as we are retesting the prior ATH breakout and should be primed for continuation up in the near future.

From a fundamental perspective, the band is a great project with amazing potential. Last month, for example, Polkacover Integrated and Partnered with Band Protocol Secure DeFi & Wider Crypto Insurance. And today, BAND got listed on Coinbase PRO for New York citizens, which gives this project even more credibility.

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2021-03-02 00:51:22 ​​ BTC/USD FREE UPDATE

- Yello Ladies and Gentlemen

The last FREE update was at $56k (on February 21), and we anticipated more downside from there in the short-term.

Since then, BTC dropped to our previously marked strong support zone ($44-45k), from where we are seeing a nice bounce today. As you can see on the chart below, we closed the daily candle exactly above our 0.786 fibs. We also told you not to forget the macro picture. And that's still valid. We are in a massive bull market, and 10-40% of corrections are healthy along the way. Market makers need to liquidate the crypto noobs from time to time to get the fear back in the market and attract new investors...

The last thing you want to do in a bull market is panic selling the bottoms and fomo buying the tops. Be careful about that. We can expect BTC to still trade within the consolidation zone over the next few days.
This will be the time again when most people will get rekt by guessing the next breakout. most people are simply impatient to wait for a breakout and then trade the retest, which is a much safer approach…

Now that we've put in a decent local low and, more importantly, took many long stops, we are more neutral biased for the next direction—all eyes on the 50-51k. A decisive breakout here would ignite a very hated and powerful rally again towards our resistance at $59,999, with the likelihood of even making new highs.
If we don't break higher now, we will continue ranging in the 44K-51K zone as MANY people capitulated on their longs/spot holdings during the relentless selling this weekend. On the other possible outcome, more dropdown will be dangerous for a possible avalanche to come. The first liquidity pool for longs is at $44k, and the significant demand level is $39k. Both can get touched, and it would still be just a healthy correction.

Also its worth mentioning that Bitcoin has fallen during March in six out of the past seven years. This includes the 25% decline last year and a 35% decline in 2018. So this month is easily the worst month on the calendar for BTC. We have not seen any whale activity to support the latest rise, which is even more reason to believe it may be temporary.

Putting it all together, $51,000 is the first significant recovery target this week—the first spot to look for a potential fade back to $44k. Reclaim above 51k, and we can go towards $59,999, a breakout below $44k, and the next zone of interest is at $39k—ranging vibes over the next few days between $44-51k.

Meanwhile, the ParadiseTeam would expect alts to be less reactive to BTC movement from now on. The correlation DEX / mid / low-cap alts vs majors has been super high the past two weeks, but a strong crypto bull market typically characterizes in relentless altcoin rallies despite BTC fluctuations. So far, we've seen a small glimpse of this at the start of February but not really for a sustained period of time. We can see this happening soon-ish, maybe even with ETH and DeFi decoupling like they did a few months back. So from a risk perspective, we are more inclined towards exposure in DeFi, ETH, DEX and strong alts, which we have been very active in with ParadiseFamilyVIP members

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iFeel the success Open / Comment

2021-02-27 19:56:09 Open / Comment

2021-02-26 15:59:35 Cryptocurrency Adoption Crosses Another Milestone As its Users Surpass 100 Million

A study conducted by Crypto.com has revealed that the total number of people active in the cryptocurrency scene has, for the first time, reached its highest at 100 million users. Open / Comment

2021-02-25 21:57:05 ​​ DXY FREE UPDATE

- Yello ladies and gentlemen

Today we will learn something new about the Dollar index (DXY).

This index measures the strength of the dollar against all other currencies (FIAT). A few weeks ago, we saw an almost identical price action (PA) to what we saw in 2016-2017, which happens to be the previous crypto bull market.

As shown in the 2 Weeks time frame chart bellow, the DXY is still trading bearish on a macro scale. Confirmation for our next leg down would be a break and close beneath 89.

Right now, The dollar index is approaching multi-year support. If the support zone fails to hold, we will see the most significant decline in Dollar value we didn't see in years. That would position BTC as the new reserve instead of $ and could send BTC to the magic $100,000 valuation in a few months. All eyes on the DXY support zone.

For those who have been following MyCryptoParadise for years already, you will know the inverse correlation between the dollar and BTC and how many times ParadiseTeam has shown you this specific chart in the past. Remember that everything is connected in crypto. And that is what makes crypto trading so Beautifull.

In a nutshell, while the DXY is bearish, Bitcoin should remain overall bullish from a long-term perspective. Keep in mind that the chart you see below is on the macro scale; that does not mean BTC could not see one more sell-off in the near future. Similarly, a surge of the DXY above 92 would make the future job quite harder for the Bitcoin bulls.

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2021-02-24 23:48:55 ​​ TOTAL2 FREE UPDATE

- Yello Ladies and Gentlemen

The altcoin market is trying hard to recover after the yesterday sell-off. However, it still does not entirely look like bulls have it fully under control. If the bears come back, there is no way bulls will handle it at the current stage. But never forget about the macro view.

As you can see on the Altcoin Market Cap Excluding BTC (TOTAL2) chart below, we are witnessing a simple break and retest of the previous all-time high. We saw a similar price action back in 2017. So far, it is acting as a support. Suppose this close above the support on the weekly timeframe. In that case, this will be bullish for altcoins because we could expect a further move to the upside.

The next resistance is around 1100 Billion dollars . However, if broken, the altcoin market cap's further target would be 2000B (not shown in the chart). If this would be the case, massive altcoin season is ahead of us

You are still very early. The crypto market has so much more to offer. Most people do not even realize how lucky they are. We are still the early adopters.

Keep in mind that the short-term bias for alts is still bearish. You must be very focused during challenging times like this. Always make only wise, calculated and properly planned decisions as a PRO.

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iFeel the success Open / Comment

2021-02-23 17:13:09 In the past 24 hours, 474,968 traders were liquidated. In total, $4.4B was liquidated! This is the craziest day in BTC futures history. Open / Comment

2021-02-23 01:17:19 Many of you asked us about how we have done in ParadiseFamilyVIP during the drop in today's overall crypto market.

Well, ParadiseTeam were safe in USDT since February 20. Exactly 2 days before the liquidations of greedy longs.

We always diversify our portfolio based on our strategy, which we keep adjusting based on the current market situation, and we don't trade uncertainty. We wait and shoot at the right moment as a sniper

The essential thing to worship if you want to treat trading as a business is that you can't focus on making money. You need to focus on preserving your capital.

Mindset is everything.

Don’t be a crypto noob

Start trading like a PRO. Join ParadiseFamilyVIP today

CLICK and message to our support team @paradiseslavebot and find out if ParadiseFamilyVIP is for you

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2021-02-22 18:08:51 ​​ BTC/USD FREE UPDATE - Yello Ladies and Gentlemen Firstly Congratulations Since 12th February (click it), when Bitcoin was worth only $47771, we shared with you in the FREE BTC update where is BTC most likely heading next. Until today BTC has risen… Open / Comment

2021-02-21 03:25:40 ​​ BTC/USD FREE UPDATE

- Yello Ladies and Gentlemen

Firstly Congratulations Since 12th February (click it), when Bitcoin was worth only $47771, we shared with you in the FREE BTC update where is BTC most likely heading next. Until today BTC has risen by 20% and is following our path exactly as we predicted.

At the time of writing, Bitcoin is undergoing a smaller pullback. Right now, BTC is trading at around $56k.

A small amount of whale activity has taken place around the highs of the morning. A spike in Exchange Inflows was also recorded around the same time. The spikes in Token Age Consumed and exchange Inflows are not massive yet. They do not currently suggest that Fridays up move could be reversed in a meaningful way at this juncture.

Bitcoin's ratio of longs vs shorts on BitMEX indicates a very high percentage of longs, meaning long traders are paying a premium to short traders.

From a purely technical perspective, the bearish MACD price divergence is present until $50,000 and $43,000. The RSI and Stochastic oscillators are also approaching ATHs, further increasing the chances of a short-term bearish reversal.

Right now, we see only a 5% pullback. Still, It is also unquestionable that we're going to see 2 or 3 more 25-35% sharp corrections in the future. We're in the market cycle stage, one of the final ones, yet one of the accelerating volatility. This means BTCUSD will wash all the new "noob" traders efficiently out of their money if they choose to follow short-term timeframes and trade with high leverage like maniacs, hoping to get rich overnight.

10-15k daily candles upwards and downwards are coming, and this will soon become unbearable for inexperienced traders. The most insane roller coaster of price action is coming. The more volatility, the more risk, and the closer to the market top we are. We still think we'd have time until November-December, which are typical reversal periods for BTCUSD, followed by another 80-85% drawdown of the bear market. But once you start hearing how euphoric everyone else is about BTC, exercise discipline and get fearful.

However, never try to catch a total top in a bull market. We have seen quite a few significant reputable accounts trying to call the tops wrongly in the past two days. It tells us that themselves and their „whale friends" will likely follow up with short orders trying to catch the top (impossible) and providing liquidity to the buys. Still yesterday's daily candle close marked powerful. We can be ongoing a larger correction in a short-term however the macro trend is still bullish.

Also, feel free to take a look at this mind-blowing Bitcoin's Net Unrealized Profit or Loss (NUPL) on-chain metric chart click here.

Start trading like a PRO. Join ParadiseFamilyVIP today.

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