Will Local Support Continue to Hold BTC
BTC/USD FREE UPDATE
– Yello, ladies and gents!
Bitcoin is so far following the Price Action we projected 2 days ago and shared with all of you for free
Local Resistance acted as properly charted resistance should work, and we are happy we closed our VIP #SOL position as we updated you previously at the right time before the market started the correction
After that, our Support Zone worked perfectly, stopped the correction, and we started to move up again. We used this opportunity with our ParadiseFamilyVIP members as best as we could. We used this support zone to get filled on our #GAL long position on which we have made a clean ~26% profit with 1x leverage, as you can see here.—- (could take it on spot, but we’ve been making extra money on the negative funding on futures ).
Right now, Bitcoin is facing an LTF supply zone near the local resistance. Because the price is still overbought, we expect another correction to take place, just to get rid of some overleverage greedy noob traders. We can even wick down to $27500-$28000 during the correction before we start moving up again towards our strong resistance.
Of course, we don’t want to see any daily candle close below our local support zone (~29k) for this idea to remain valid.
START TRADING LIKE A PRO

