$BTC - #Bitcoin-Daily-Update #14 - Day Trader Explains

Hello Lads and Ladies,
Welcome back to TJ's TA sessions.- The Daily BTC Update #14

What happened in the last 24h?
Today we saw very little movement and just a sleepy reaction to the market dumping yesterday. We are having big similarities with candles from low 3k region right before we started mooning. Here volume and candle formation is pretty much the same. We might be seeing something similar happening again and see a re-test of the descending resistance again.

Most important S/R right now?
2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658

Gained lost %?
Since the opening of the new daily, we wicked down -1.72%, but gained 1.84%

MarketCap?
Total MarektCap is 122 Billion - nothing changed -
Of which BTC is 64 Billion - nothing changed -
With a Dominance of 52.5%
- gained 0.2% -

Volatility?
The 30d avg Volatility is 4.6%
- gained-0.2 -

Shorts/Longs?
Shorts - 24.3k (pretty low)
Longs - 31.2k (high but solid)
- S gained 0.3k / L gained 0.2 -

Funding?
The last 3 funding rates added -> -0,3%
- +0.264 -

Momentum?
The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days and the low liquidity weekend.

Volume?
Even after such a strong dumping day we see the volume barely making any difference and barely making it above the MA. This is for me a still bullish sign and kind of expected after such a drop even though we had bullish signs previously. The market as a whole is still not shorting.

TJ-MF/StochRSI levels?
TJ-MoneyFlow - Today we are seeing a green money flow indicating us a bullish sign. Just as mentioned in the volume analysis, the market is not shorting and not really big amounts of shorts are being opened.
TJ-Stoch
K(blue) - 23
D(orange) - 70

Divergences?
Nothing that is worth mentioning in our daily updates.

Market Structure?
Currently we are in a descending channel simply sitting on 3 major supports, which is why the market is till not shorting but simply consolidating to make a decision within the next few days.

Overall?
Overall not much happened. we are seeing not only bitcoin but also altcoins consolidating and moving sideways. The drop was clear and hard to take, yet the little stop right now is giving space and time for buyers and bulls to take over the lead and put out some bullish signs into the market so we can start seeing more bullish action again and taking a safe long position.

What do we want?
We want to see today a nice green close and possibly connected to good volume as well. Market bouncing a little would be beautiful, yet we have to be careful for a possible bear flag.

Position?
Today I decided to open a long position with 5x leverage. 4 double staggered entries at 3600, 3565, 3482 and 3455 Stop at 3430.

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Cheers, TJ