$BTC - #Bitcoin-Daily-Update #21 - Day Trader Explains
Hello Lads and Ladies,
Welcome back to TJ's TA sessions.- The Daily BTC Update #21
What happened in the last 24h?
In the last 24h we saw quite some movement in locked ranges. We have the order books filled with big walls on the seller and buyers side. This has led us to quite a bit volume yet not so much movement and change in price. Altcoins nevertheless saw the movements as expected by us. At the end CoinDesks article about van ecks etf getting out of the way has stopped the party.
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 -1.56%, but gained 1.12%
in $$$
down 56$ but up 40$
MarketCap?
Total MarektCap is 119 Billion - -1 -
Of which BTC is 62 Billion - -1 -
With a Dominance of 52.3%
- -0.0% -
Volatility?
The 30d avg Volatility is 3.59%
- -0.01 -
Shorts/Longs?
Shorts - 22.5k (pretty low)
Longs - 28.9k (high but solid)
- S +0.8k/ L -2.6k -
Funding?
The last 3 funding rates added -> -0,0659%
- -0.0041 -
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.
-184 - 0 -
Volume?
Taking a look at the volume, we are seeing it very very close to the moving average, confirming today's small and bearish candle with the volume.
TJ-MF/TJ-Stoch levels?
TJ-MoneyFlow - Today we are seeing a pretty small and ascending money flow, yet as such a small cloud, it is of minor importance to us, yet we are still following the divergence.
TJ-Stoch
K(blue) - 20.4
D(orange) - 27.2
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?
We are still in a descending channel and might even find ourselves in a very huge and scuffed bullflag. Fighting with strong and important supports at this moment.
Overall?
Overall today has been not a very nice day and for such a small candle and low volatility we have some big and important bearish signs hidden within it. Nevertheless, this is yet not enough to give us more than a scalping sign at this moment. I am already very excited for the next candle.
What do we want?
We want to close above 3550 and we got it, for today, we want to see a test of 3434 and a bounce from there.
Position?
Considering a small short scalp with tps towards 3434.
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 #21
What happened in the last 24h?
In the last 24h we saw quite some movement in locked ranges. We have the order books filled with big walls on the seller and buyers side. This has led us to quite a bit volume yet not so much movement and change in price. Altcoins nevertheless saw the movements as expected by us. At the end CoinDesks article about van ecks etf getting out of the way has stopped the party.
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 -1.56%, but gained 1.12%
in $$$
down 56$ but up 40$
MarketCap?
Total MarektCap is 119 Billion - -1 -
Of which BTC is 62 Billion - -1 -
With a Dominance of 52.3%
- -0.0% -
Volatility?
The 30d avg Volatility is 3.59%
- -0.01 -
Shorts/Longs?
Shorts - 22.5k (pretty low)
Longs - 28.9k (high but solid)
- S +0.8k/ L -2.6k -
Funding?
The last 3 funding rates added -> -0,0659%
- -0.0041 -
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.
-184 - 0 -
Volume?
Taking a look at the volume, we are seeing it very very close to the moving average, confirming today's small and bearish candle with the volume.
TJ-MF/TJ-Stoch levels?
TJ-MoneyFlow - Today we are seeing a pretty small and ascending money flow, yet as such a small cloud, it is of minor importance to us, yet we are still following the divergence.
TJ-Stoch
K(blue) - 20.4
D(orange) - 27.2
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?
We are still in a descending channel and might even find ourselves in a very huge and scuffed bullflag. Fighting with strong and important supports at this moment.
Overall?
Overall today has been not a very nice day and for such a small candle and low volatility we have some big and important bearish signs hidden within it. Nevertheless, this is yet not enough to give us more than a scalping sign at this moment. I am already very excited for the next candle.
What do we want?
We want to close above 3550 and we got it, for today, we want to see a test of 3434 and a bounce from there.
Position?
Considering a small short scalp with tps towards 3434.
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
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Join our Discord under
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