DON'T BE FOOLED! A Bitcoin Short Squeeze Is Loading Right NOW!

Added: 2026-05-22

[00:00:00]Hey guys, welcome back. It's Friday and Fridays we always get a fake move in Bitcoin. I will show you what I believe most likely this fake move will go to and how I going to navigate the market over this weekend. Don't miss out on that and let's go.

[00:00:27]Hi, welcome back guys. So, we jump directly into the charts here. Once again, we're on the DXY and the DXY is today again struggling to get here above the 99.3 level. We could see here a slight breakout above that, but I am sure we're not closing above that level. And if we close around that level, then by Monday, we're going to see a rejection into lower levels back to 98 points and potentially even lower than that. We're going to the CME chart here. The CME gap is still there over here. That has not changed whatsoever. Um, but I would be not surprised to see price saying around the current price levels and then by tomorrow see that move to the upside which would create a new CME gap. Um, if we stay then until Monday like this, we would close the old one, create a new one, and that could lead then by next week that we come here one more time down before we then go for good to the upside.

[00:01:36]Now, when we're looking at the weekly chart here, we are holding currently um that neckline of that W pattern.

[00:01:44]The neckline is sitting here, if I correct this a little bit more, at $77,000 roughly. We are $400 above this.

[00:01:52]Um, as of right now, so also here, as long as we're holding above this, I expect next week a big big big reversal candle back to 80 thou 80,000 um and beyond. Uh, on the 12-hourly chart, the downward sloping trend line um is remains broken. The MACD also is still showing signs here of a bullish crossover by in the next 12 15 hours. Uh while the stoastic is soon topping out here with the next 12-hourly candle and the RSI is remaining here in somewhat neutral territory but still slightly pointing to the upside. Here's also still no bullish divergence yet also no bearish divergence. there's just nothing. When we're going then uh to this daily chart here with the 200 and the 50 moving average here, price gets squeezed between these two indicators.

[00:02:50]We need to break above the 50 here above $78,000 uh to prevent a depth cross in the upcoming days here. that could be here by Friday next week potentially occurring if price is not breaking here above uh the 50 moving average and also here above $78,400 and $79,400 respectively because these are also former big resistance levels that we need to reclaim. Also the bare flag uh here on the daily chart nothing has changed. We are still holding the underlying support at $76,000 more or less. We are maybe forming here a bearish candlestick pattern on the daily. If the current candle just goes a little bit lower to $76,600, that might be a bearish reversal candle, uh an evening star pattern. Uh that could lead to a tap of that underlying green support from where we're going to add more into our positions because that has held here pretty good in the past and we got a nice reje reaction of that level. So, and that should be again the case. If we drop down here and see something like that on the binger bands, we are um still here in the lower section of it, which is absolutely fine.

[00:04:07]We could see even another retest here uh on the bottom at $76,000 before we move back to the middle band to $79,370, but eventually we're going to go there.

[00:04:17]Um there is no doubt in my mind. Then on the EMA ribbon here, $78,000 is the level that I'm watching to open new positions and also um uh add to my current positions uh in a bullish scenario. Uh because that is now the top side of the EMA ribbon and also slightly above the golden ratio.

[00:04:38]And if we are coming back down here, then you can see already $76,582.

[00:04:43]the 0.786 level that I have pointed out multiple times uh should be our bigger underlying support where I do exactly the same thing regardless in which direction uh we are going there's no reason for me to short right now either we see here one more revisit of that level here before we go uh back to the $80,000 mark or we are breaking off the EMA ribbon and go from here um past $80,000. It really doesn't matter for me. I will just keep adding to my positions regardless um where we're going first. And you should play it the same way here in between. You don't want to trade. You don't want to get stuck here. So make sure that you're not open just randomly positions. You want clear direction. And that can only happen here at $78,000 or at $76,500.

[00:05:32]If you want to trade with me together guys, really easy to do that. Go here below the video, sign up on weeks or on buy bit. Now once you have done that you can go to this link here uh and go past the verification of the verification bot to get access to my free signals um where I share signals way ahead of time before you see them on YouTube and there also we're going to have here with Alpha X together uh a trading challenge $500 to $10,000 uh also here just sign up on Alpha X and then go here to that bot and there's here below in in the comments um and in the pin comment below and there on Monday most likely we're going to start the challenge. So use the links in description below for that and also on Alpha X currently you get 20% um discount on trading fees if you are trading there. That's a promotion they have currently going on. So here on weeks my position is still running from yesterday I'm down here another 8% still absolutely fine. And again, I'm not looking so much on a dollar value than on the percentage. Uh even if I would go to 40% down, I would be still fine. I just would add more to my current position because I still over $235,000 here available and I can just add to it.

[00:06:50]But I but I think eventually we're going to break it to the upside, go above my break even price, and I will be here in profit. Um as usual with my trading positions. Uh why do I believe that?

[00:07:02]because it is supported by the liquidation heat map. As you can see here, there's liquidity building already currently above us. That should get us to $80,000. And the only thing that we need is getting here to $78,200, $300 to trigger a short squeeze that will get us all the way up there and then potentially here even into that bigger cluster all the way up to $85,000.

[00:07:27]Now when we're going uh to the 4hourly chart here on the bigger grand scheme of things we have here an upward sloping channel um and within that channel we have a smaller downward sloping channel that we are currently in and as you can see here we are fighting right now with the um bigger channel middle line right now to get above that. So once we're above that and just to show it to you this is again around $78,000.

[00:07:53]Once we're getting above that, you're going to see that we are moving all the way up to the top side of the channel here once again to roughly $85,000.

[00:08:00]That's why this remains one of my biggest targets here uh in the short to midterm.

[00:08:08]I don't see us getting here rejected and we hit here then the bottom again like $71,000 $72,000. Uh things are not lining up in that direction right now.

[00:08:17]Technicals are still pointing here to more upside. So be ready for that. And that was a really quick update for today. I hope you enjoyed it.