$BTC - #Bitcoin-Daily-Update #18 - Day Trader Explains

Hello Lads and Ladies,
Welcome back to TJ's TA sessions.- The Daily BTC Update #18

What happened in the last 24h?
In the last 24 we saw on the bitcoin chart really just a reactionary movement from the news and fud spread around the market over the whole day. In my eyes there was no significant movement, just a precautious action towards the constantinople news and the cryptopia hack. Altcoins are taking a dump, due to ethereum and since the volatility and volume is quite low, we are seeing a strong dragging effect in and on the market.

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 -3.57%, but gained 0.63%
in $$$
down 128$ but up 21$

MarketCap?
Total MarektCap is 120 Billion - -3 -
Of which BTC is 64 Billion - -1 -
With a Dominance of 52.7%
- +0.4% -

Volatility?
The 30d avg Volatility is 4.54%
- +0.05 -

Shorts/Longs?
Shorts - 22.7k (pretty low)
Longs - 30.9k (high but solid)
- S -0.6k/ L +0.2k -

Funding?
The last 3 funding rates added -> -0,0402%
- +0.0355 -

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.

Volume?
Looking at the volume, we are seeing once again a failure to hit the MA, which is not confirming the bearish candle and simply confirming the theory of today's movements not being Bitcoin related.

TJ-MF/TJ-Stoch levels?
TJ-MoneyFlow - Today we are seeing a mini spike downwards in the Money Flow. Which yet again is so small and compared to previous days pretty insignificant. Once again - This is not bearish and not bullish, simply a weak bearish sign.
TJ-Stoch
K(blue) - 13.9
D(orange) - 32.8

Divergences?
Taking a look at the last 30 days, we are seeing a possible long-term bullish divergence on the moneyflow, yet it's correctness and true value might take another few weeks to evolve.

Market Structure?
The market structure is not really giving us any clear signs, we are seeing a clone-candle from the last two days and still in the descending channel. There is a possibility of a falling wedge, nevertheless, we need more confirmations for it.

Overall?
Overall we are seeing mixed but mostly bullish signs over the market. Obviously in this bearish day, we are supposed to be seeing a lot of bearish signs, yet again, we are seeing only some weak bearish signs and moderate bullish signs. This is once again traceable back to the dragging effect and we see it's reaction on the longs and shorts, eventhough we have a bearish day, we see a decrease in shorts and an increase in longs. Might be indicating us a TP of the shorts and new orders filling up by longs.

What do we want?
We want Bitcoin to finally make a decision and close above 3550, in the best case above 3580.

Position?
Keeping the low leverage and low margin long, considering adding the 1/3 that we took out yesterday.

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Cheers, TJ