BTC Daily Technical Analysis: Are we Making a Fake Pump, or is it the Return of the Bullish Trend???


After today's rise the shorts with high leverage have understood the lesson, now we have the longs starting to open new positions with liquidations close to the price from 19.9K to 19K, while the shorts are cautious with their liquidations a little away from the price between 21.5K to 24K.

Today's Pump is without volume, I think it's a Short squeeze, well the last word will be at the close of the Daily candle to see.

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The S&P 500 not far from the key dynamic zone of resistance between 3900 to 3920 in confluence with:
- 61.8% fibo
- The MA 62
- Bearish divergence on the OBV volume indicator, which shows that it is rising without volumes.

We will see the reaction of the price if we arrive in the key zone.

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

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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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