$BTC - #Bitcoin-Daily-Update #17 - Day Trader Explains

Hello Lads and Ladies,
Welcome back to TJ's TA sessions.- The Daily BTC Update #17

What happened in the last 24h?
In the last 24 we saw finally the since 3 days predicted movement upwards. It was a nice but quick pump followed by small bull flags on smaller time frames. We saw as well since yesterdays dump and daily close, altcoins like Tron moving significantly upwards and breaking bearish market structure, which then had the from us heavily debated dragging effect on the rest of 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 -0.43%, but gained 5.7%
in $$$
down 7$ but up 200$

MarketCap?
Total MarektCap is 123 Billion - +6 -
Of which BTC is 64 Billion - +3 -
With a Dominance of 52.3%
- lost 0.6% -

Volatility?
The 30d avg Volatility is 4.49%
- +0.02 -

Shorts/Longs?
Shorts - 23.3k (pretty low)
Longs - 30.7k (high but solid)
- S -0.2k/ L -0.9k -

Funding?
The last 3 funding rates added -> -0,0052%
- -0.0826 -

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?
Finally we are seeing the volume hitting (almost) the moving average, which in this case would be confirming the trend upwards or at least the bullish engulfing after a pretty much red week. Should we see a pumping and green day
tomorrow again, we would need the volume candle to hit the MA and cross it significantly to give us a total bullish confirmation.

TJ-MF/TJ-Stoch 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 still not shorting and no really big amounts of shorts are being opened. Finally we are seeing a nice uptrending green cloud on the money flow.
TJ-Stoch
K(blue) - 9,5
D(orange) - 51.9

Divergences?
(We are seeing a slight divergence between the longs and shorts in comparison to the chart. AND we are seeing an uptrend on the TJ-Moneyflow which is an important divergence against the down trending market structure.)

Market Structure?
Taking a look at the market structure, we are seeing today a creation of new highs in comparison to the last 3 days. We are still inside of the descending channel.

Overall?
Overall we are seeing mixed but mostly bullish signs over the market. Yet, looking at bitcoin, we can see a decrease in longs after a bullish day. This is most likely based on the fact that we are still not seeing any true bullish signs, simply fairly bullish ones and insignificant bearish ones. The decrease in longs indicates to me a small Take Profit action today by the market participants who were taking a small scalp at the suggested support levels without any really bullish confirmation.

What do we want?
Today we simply want to close at or above 3666 and with as near as possible to a one billion volume day.

Position?
Taking 1/3 profits.

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Cheers, TJ