$BTC - #Bitcoin-Daily-Update #10 - Day Trader Explains

Hello Lads and Ladies,

Welcome back to TJ's TA sessions.- The Daily BTC Update

What happened in the last 24h?
Finally back! Being able to work on my passion is really motivating. I hope everyone had beautiful days off and we are jumping straight back into the Bitcoin chart.
We saw in the last 24 hours almost zero to none movement and just small pumps and small dumps but after the big pump, nothing significant happened. Altcoins are dumping today a little, obviously retracing right now after nice rallies but as well nothing to be scared of YET. It seems to me as if the market is just taking some time to react to the pump.

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 -1.7%, but gained 0.93%

MarketCap?
Total MarektCap is 135 Billion - N/A since we didn't update for a little while -
Of which BTC is 70 Billion - N/A -
With a Dominance of 51.9%
- N/A. -

Volatility?
The 30d avg Volatility is 4.32%
- N/A -

Shorts/Longs?
Shorts - 24.3k (pretty low)
Longs - 33.1k (high but solid)
- S N/A / L N/A -

Funding?
The last 3 funding rates added -> -0.0244%
- N/A -

Momentum?
The TJ-Momentum is still blue and still rising above the 0 line, which is indicating us a bullish momentum and no change in the direction.

Volume?
The volume over the last weeks is pretty whack. Nothing important and nothing indicating at the first glance, but the previous days the buy volume is increasing and since it has been so low for so long, it will be easier too hit the Volume MA for a trend confirmation.

TJ-MF/StochRSI levels?
TJ-MoneyFlow -Almost a pity to see the spike down today, we need a similar spike above the 0 line to really continue to rise and get to test next resistances.
StochRSI
K(blue) - 86
D(orange) - 78

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

Market Structure?
Currently on smaller timeframes we are printing a pretty obvious bull-flag, yet on the daily we might be getting a double top at 4200.

Overall?
Overall I can still see a nice uptrend on the daily, following the ascending dotted line. As long it is not broken, I will not be looking at any shorts. We had a nice flipping between shorts and the longs which is making it easy for us seeing any big moves on that level. The volume is low and still needs a clear confirmation, where as the cards are more played down for a long position. The TJ-Stoch is heading nicely towards the high 90 point region where we mostly seeing upward impulse moves.

What do we want?
We want this candle simply to close as it is, insignificant and leaving space for the next move. We want to see over the next days at least a test of 4200 and obviously connected to a nice Money-Flow spike and volume above the MA. Moreover, we don't want to forget that THE TREND IS OUR FRIEND and we shall not trade against it. A close above 4k or exactly at it, would be nice to have today.

Position?
Staggers down to 3725 and the stop loss below it, going with lower leverage, since the spread is quite big.

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Cheers, TJ