$BTC - #Bitcoin-Daily-Update #13 - Day Trader Explains

Hello Lads and Ladies,
Welcome back to TJ's TA sessions.- The Daily BTC Update #12

What happened in the last 24h?
Finally we saw some more movement in the market, waking up everyone from the last few sleepy days on Bitcoin. We saw Bitcoin and other coins drop drastically within a short period of time, which might sound or look bad at the first glance, yet I find it to be a good thing, bringing more volatility with it and making trading fun again and not a chopping festival.

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 -12.3%, but gained 0.86%

MarketCap?
Total MarektCap is 122 Billion -gained 15 billion -
Of which BTC is 64 Billion - lost 6-
With a Dominance of 52.3%
- gained0.8% -

Volatility?
The 30d avg Volatility is 4.2%
- lost -0.07 -

Shorts/Longs?
Shorts - 24.0k (pretty low)
Longs - 31.0k (high but solid)
- S gained 1.4k / L lost 2.7k -

Funding?
The last 3 funding rates added -> -0,0403%
- +0.0044 -

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 eventhough 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) - 68
D(orange) - 81

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

Market Structure?
Currently, the market structure of an inverted head and shoulders is still active and we are sitting at the verge of the neckline. We have to see break there, which might happen at the next trend-test as mentioned before.

Overall?
Overall we are still seeing bullish signs, we have analysed that the market as a whole is still not shorting and we touched on some important support zones. We are not excluding the possibility of having a red day tomorrow as well but we are definitely expecting a bounce or some better confirmation over a direction within the next few days.

What do we want?
We want this day to end. Actually we want a close above 3550, yet a close above 3672 would be the best case scenario. We as well want to see a bullish confirmation before entering a significant long position again.

Position?
Currently no position open. Stop in profits got hit. Thinking though about a low leverage, 3 stagger, low margin long at the most important supports.

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Cheers, TJ