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2021-02-13 14:34:39 Open / Comment

2021-02-12 21:14:00 MyCryptoParadise Stream, don’t miss it LIVE CLICK HERE Open / Comment

2021-02-12 15:39:21 BTC/USD FREE UPDATE

-Yello Ladies and Gents

After seeing an impressive recovery of the January lows, Bitcoin has now been making consistent new all-time highs; this is naturally bullish from a technical standpoint. More so, BTC has remained on our original trajectory trendline quite well.

As shown in the chart, our new acting/bullish support is at the 44-45k zone while more substantial support stands at the $41,600 zone (0.618 fib+trendline).

Our short-term resistance is at $50k (psychological resistance), followed by the $59,999 level. It's worth taking note that a breakout of Bitcoin above $50k may cause a surge in dominance, in short, creating an unfavourable short term scenario for altcoins. Hence, as always, you need to trade safely with a proper plan and strategy! Overall our bias is still bullish on Bitcoin.

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iFeel the success Open / Comment

2021-02-11 19:39:17 Position overview

The most important thing is now to preserve the huge profits we have made in the past months. For optimal positioning, you need to pick a few asset classes and choose the strongest in each class.

Bitcoin

When the crypto market is bullish, and BTC is leading, we should always have a part of our exposure in Bitcoin. Ideally, this varies between 25% - 75% depending on the conditions. Currently, BTC is strong but not draining other assets so having spot exposure or an open long is sufficient.

Majors

We're already set up on this front with the open position on LTC expected to see more upside. Further exposure is now not needed in this class, looking to add some strong picks upon break retests only.

Mid caps

Money is flowing from majors into mid and lower caps the past week. Most of these have been in a bear market vs BTC the past years and are only just starting to curl up so we can be aggressive with swing positions here. Ideally, play it wide with high upside targets to give room for growth but not get taken out on any wicks. ParadiseTeam will be posting some more of these setups on this front soonish.

Defi

Not much open group positions on this front currently, mainly because we were derisking before the drop yesterday. But The Defi asset class is still very bullish and outperforming most other sectors this is an area to focus on for new exposure. Already shared our favourite picks and traded some among the "blue chips" (leaders). It is SNX, AAVE, UNI, SOL. We'll be looking into smaller caps for gem picks too, but liquidity is thin, and they usually trade on DEX only so keep that in mind.

Low caps/gem hunting

Micro caps are tough to trade in group format as they're usually not as easily accessible and have low liquidity. Take the BSC picks for example you'd have to dive into the process yourself to be able to participate. We have a few low MC picks currently which we're eyeing for accumulation for the coming weeks and months.

Stay tuned! This is going to be great Open / Comment

2021-02-11 00:46:36 ​​ BTC.D FREE UPDATE

- Yello Ladies and Gentlemen

Over the last couple of weeks, our Bitcoin Dominance chart has reversed drastically. We have been expecting this scenario to happen since 25 January (click), so you can imagine how happy we are that it's still going by our plan. This is mostly due to ETH, BNB and other large-cap altcoins gaining traction on Bitcoin as their market caps surge!

While we have been hovering and testing support at 60% dominance, BTC dominance is still in an overall bearish trend; in short, we can expect alts to do relatively well unless we see a breakout above $50k on BTC.

However, given we are macro-bullish on BTC, we can expect it to break our psychological resistance at $50k eventually; investing in altcoins should be done as always accordingly, with a proper risk management. We need to consider this condition at all times. On the other side of the spectrum, a breakdown beneath 58% dominance would be even more bullish for alts; confirming our head and shoulder dominance breakdown, likely leading to a continuation towards 50% dominance level, that would mean just one thing: The Biggest AltSeason ever seen in crypto

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iFeel the success Open / Comment