​​💎BTC/USDT🌴FREE UPDATE🌴

Is The Choppy Market Coming To An End⁉️

- Yello ladies and gentlemen🍸😎

💎Our bias has not changed yet, we did not have a close above the resistance at $53k, and Bitcoin continues to range in the zone $42k-$53k bearishly.

💎BTC was able to break above the triangle since our last FREE update, but it was just another fakeout to trap greedy bulls and got rejected from our local resistance once again.

💎We still believe that Bitcoin will not break through the resistance at 53k and continue higher without grabbing the liquidity deep inside our strong support zone first. Bitcoin is a rocket, and it just needs more fuel to fly higher.

💎As shown in the chart below, another daily close below local support will increase the probability of continuing into our strong support zone towards $42k. Our Mid-Term bias remains bullish, and if we start building a many days base at our local support, we may be able to break the 53k resistance without revisiting the strong support zone first, but this scenario is significantly less likely right now, and it's wise to be prepared for another sell-off.

💎Big players are still on Christmas break, so the market is hazardous as it lacks volume and the ranging environment continues with a lot of wicks, fakeouts, and unstable ranging price action. Hence it's still the best idea to be more defensive with your trading, not actively participate in this and patiently wait for the volume to get back in January next year. Once that happens, it's a great idea to start trading aggressively right from the beginning to have the edge again.

How to deal with this Price Action if you are a daily trader?

🔑Because the general sentiment is usually worst at the supports and best at the resistances, it might be worth applying these range trading strategies:

1) Inside Range Trading - buy range lows, sell range highs
2) Outside Range Trading - buy breakout retest, sell breakdown retest
3) Do not trade the Range at all.

💎Range bound is mostly about waiting as the market takes a breath. It's always worth utilizing this opportunity to learn more and educate yourself; if you are not learning in ParadiseFamilyVIP yet, you can check our blog or read some great trading books for example.

MyCryptoParadise.com
iFeel the success🌴

🎊FREE INSIGHT🎊

- Yello ladies and gents🍾🍾😎

🎆There are many reasons why we stay Mid-Term bullish and understand the December Price Action as an accumulation and opportunity, rather than distribution before a bear market. One of the reasons is Bitcoin's relationship to the VIX index.

🎆It suggests that BTC clearly behaves like a risk-on asset in the short run. This trend emerged post-COVID and accelerated in 2021.

🎆Looking at the current market situation, there is a high probability that everything stays intact, and we will see a continuation in 2022.

🎆In that case, we can expect to see BTC reaching new All-Time Highs easily🚀

MyCryptoParadise.com
iFeel the success🌴

🎊Happy New Year🎊

🎇The ParadiseTeam wishes you a happy New year, ladies and gentlemen 🥳🥂

🎆2021 was an extraordinary year for crypto and everyone following MyCryptoParadise along the way.

🎇Remember that before BTC reached the current price levels, It suffered many crashes during its journey.

🎆We believe you learnt to survive first, earn later. New opportunities are waiting for you.

3) Ignore Fear&Greed emotions.
6) Control your portfolio management properly.
9) We are going to make even more money next year.

🎇We are grateful for your love of our work and excited by what we can do for you in 2022. Thank you – and have a fabulous New Year!✨

P.S. Binance released a nice feature for the end of the year, and you can take a look at your cumulative profit.

Check It Out👉https://www.binance.com/en/activity/your-crypto-journey-2021

Your ParadiseTeam🌴

🎊FREE INSIGHT🎊

- Yello ladies and gents🍾🍾😎

🎆There are many reasons why we stay Mid-Term bullish and understand the December Price Action as an accumulation and opportunity, rather than distribution before a bear market. One of the reasons is Bitcoin's relationship to the VIX index.

🎆It suggests that BTC clearly behaves like a risk-on asset in the short run. This trend emerged post-COVID and accelerated in 2021.

🎆Looking at the current market situation, there is a high probability that everything stays intact, and we will see a continuation in 2022.

🎆In that case, we can expect to see BTC reaching new All-Time Highs easily🚀

MyCryptoParadise.com
iFeel the success🌴