BTC Daily Technical Analysis: Degenerated Traders are out of the Futures Game / APT Short Position Update.

By FreedomBuilder | Trading The King of Crypto | 23 Oct 2022

Finally traders with high leverages have understood the lesson that the range is made to destroy them, but those with leverages between 5X to 10X will be the next victims of manipulation.

As we see on the King Fisher map a lot of peaks in liquidations to the south, which explains that futures traders are bullish and long massively, but with medium leverage (between 5X to 10X), and shorts have calmed down a lot since it's a little desert to the north at the peaks of liquidations.

On APT we looked slightly above $10, and now the price is getting rejected.

Yesterday I shared the bearish double divergence on the RSI and MACD in 15 minutes and now it is the confirmation of the bearish divergence on the RSI in H1 after the crossing below the 50 level.

Finally to see if we will break the bullish channel in H1 from below to confirm the bearish flag, and then return to $7.7 on the key support level with the most volumes traded via the volume profile!

I'm still on the APT/USDT Short I'll wait for today's candle close to close the short if we will be above $10 with a large engulfing candle that will confirm the continuation of the uptrend, or $10 will be the top of the range as I expected in my scenario.

https://www.tradingview.com/x/tJTw9Aeg/

The break out is done: https://www.tradingview.com/x/p5oePNLM/

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Bitcoin (BTC) Technical Analysis Binance Exchange Bear Market Aptos (APT)

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FreedomBuilder

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

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???