Hello Lads and Ladies,
Welcome back to TJ's TA sessions.- The Daily BTC Update
What happened in the last 24h?
Finally we are seeing some more movement in the markets!! We saw a nice dump, filling up some orders at the horizontal supports. We broke the uptrend on Bitcoin and are left with the horizontals. Yet there are still some hidden things, that are bugging me out right now, which is why I am still sure of a long position. We are still able to see a C correction wave right now, testing the low to mid 4k levels. Right now, we are targeting to break and stay above 4k rather than looking making higher highs.
Most important S/R right now?
3434 3550 3666 3820 3950 4123 4169 4382 4658
Gained lost %?
Since the opening of the new daily, we wicked down -8.86%, but gained 0.56%
MarketCap?
Total MarektCap is 126 Billion - lost 10 -
Of wich BTC is 67 Billion - lost 6 -
With a Dominance of 53.7%
Volatility?
The 30d avg Volatility is 5.4%
- -0.01 -
Shorts/Longs?
Shorts - 36.3k (danger-zone)
Longs - 26.5k (solid)
- S +1.3 / L -1.0 -
Funding?
The last 3 funding rates added -> -0.24%
- +0.18 -> gained a lot -
Momentum?
The TJ-Momentum is still red but very low. As soon as we see it green, it will be a rising momentum and it will be a bullish sign for Bitcoin. Until then we need to keep a tighter Stop Loss and lower leverage as well as margin.
Volume?
We are STILL waiting for a big volume breakout. What I see today is calming me down, because the candle is way bigger but the volume is almost the same, just little higher than yesterdays, which is why I am more sure of a re-bounce to at least 4k.
TJ-MF/StochRSI levels?
TJ-MoneyFlow - We are seeing a nice green, yet still below the 0 line, its basically showing us another divergence in volume and momentum for the price.
StochRSI (still trending up)
K(blue) - 64
D(orange) - 40
Divergences?
I am seeing a small volume and stochastic divergence. I would love to see that TJ Momentum to turn blue, so we are sure of an uptrend at least behind the scenes. Let's see how this one plays out.
Market Structure?
We broke the uptrend line. We have right now a bearish engulfing BUT we are staying with the closing of the candle above the 61.8% (3814). It might be a possible BART beginning here.
Overall?
We are seeing some nice changes behind the scenes, which leaves us with a POSSIBILITY not certainty yet for a nice bounce. Should we not see a bounce I will be heading for that nice Adam and eve double bottom on the daily, similar like we had it in the summer when we made that 5738 low, the rallied up to 8k. We have again an insane funding rate, which is making me feel good about my long position being below entry, giving me those small gains as well. Staying above that 61.8% line is pretty good right now.
What do we want?
We want to stay above and close the daily above 61.8%, either stay below 3900 with this low volume, or closing above 3900 with a possible red bull hammer but little bigger volume.
Position?
Keeping the Long position.
Entry at 4k is ok
Entry at 3.9 is good
Entry below 3.85 is very good
Let me know in the comments and leave a like if you like the infos and want to see it daily.
Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
This is as always a delayed post, if you are interested in first hand news, feel free to join our group,
Cheers, TJ
Welcome back to TJ's TA sessions.- The Daily BTC Update
What happened in the last 24h?
Finally we are seeing some more movement in the markets!! We saw a nice dump, filling up some orders at the horizontal supports. We broke the uptrend on Bitcoin and are left with the horizontals. Yet there are still some hidden things, that are bugging me out right now, which is why I am still sure of a long position. We are still able to see a C correction wave right now, testing the low to mid 4k levels. Right now, we are targeting to break and stay above 4k rather than looking making higher highs.
Most important S/R right now?
3434 3550 3666 3820 3950 4123 4169 4382 4658
Gained lost %?
Since the opening of the new daily, we wicked down -8.86%, but gained 0.56%
MarketCap?
Total MarektCap is 126 Billion - lost 10 -
Of wich BTC is 67 Billion - lost 6 -
With a Dominance of 53.7%
Volatility?
The 30d avg Volatility is 5.4%
- -0.01 -
Shorts/Longs?
Shorts - 36.3k (danger-zone)
Longs - 26.5k (solid)
- S +1.3 / L -1.0 -
Funding?
The last 3 funding rates added -> -0.24%
- +0.18 -> gained a lot -
Momentum?
The TJ-Momentum is still red but very low. As soon as we see it green, it will be a rising momentum and it will be a bullish sign for Bitcoin. Until then we need to keep a tighter Stop Loss and lower leverage as well as margin.
Volume?
We are STILL waiting for a big volume breakout. What I see today is calming me down, because the candle is way bigger but the volume is almost the same, just little higher than yesterdays, which is why I am more sure of a re-bounce to at least 4k.
TJ-MF/StochRSI levels?
TJ-MoneyFlow - We are seeing a nice green, yet still below the 0 line, its basically showing us another divergence in volume and momentum for the price.
StochRSI (still trending up)
K(blue) - 64
D(orange) - 40
Divergences?
I am seeing a small volume and stochastic divergence. I would love to see that TJ Momentum to turn blue, so we are sure of an uptrend at least behind the scenes. Let's see how this one plays out.
Market Structure?
We broke the uptrend line. We have right now a bearish engulfing BUT we are staying with the closing of the candle above the 61.8% (3814). It might be a possible BART beginning here.
Overall?
We are seeing some nice changes behind the scenes, which leaves us with a POSSIBILITY not certainty yet for a nice bounce. Should we not see a bounce I will be heading for that nice Adam and eve double bottom on the daily, similar like we had it in the summer when we made that 5738 low, the rallied up to 8k. We have again an insane funding rate, which is making me feel good about my long position being below entry, giving me those small gains as well. Staying above that 61.8% line is pretty good right now.
What do we want?
We want to stay above and close the daily above 61.8%, either stay below 3900 with this low volume, or closing above 3900 with a possible red bull hammer but little bigger volume.
Position?
Keeping the Long position.
Entry at 4k is ok
Entry at 3.9 is good
Entry below 3.85 is very good
Let me know in the comments and leave a like if you like the infos and want to see it daily.
Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
This is as always a delayed post, if you are interested in first hand news, feel free to join our group,
Cheers, TJ
Trade active:
A very nice first target hit on this one
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