BTC Daily Technical Analysis 18-08-2022: Short Squeeze to $25500 before Long Squeeze to $22610


 

After breaking the key support level in H4 at $23,671 with a candle close lower, we are now doing a pull back.

If we spend more time at arround 23.5K level, I think the shorts will continue to accumulate liquidations in the north, which is the case on the Kingfisher map with the next peak at 24.5K in confluence with the last top on the chart and the 61.8 % fibo.

It's just a matter of time, and if we stay long time on the 24.5K probably we will liquidate the shorts above the last top at 25.2K.

https://www.tradingview.com/x/vE4Z07yH/ 

 

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FreedomBuilder
FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.


Trading The King of Crypto
Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???

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