$BTC - #Bitcoin-Daily-Update #15 -Day Trader Explains

12 Oca 2019

Hello Lads and Ladies,
Welcome back to TJ's TA sessions.- The Daily BTC Update #15

What happened in the last 24h?
In the last 24h we saw almost no movement. During our first stream we saw most of the action happening and it was a simple full test of our mentioned important support and resistance line at 3550. Apart from that it pumped immediately back up to the daily high and just stopped there. From that point on it was a nice trigger to altcoins and started moving them, filling up orders and even hitting tps.

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 -2.36%, but gained 0.5%

MarketCap?
Total MarektCap is 122 Billion -n/a -
Of which BTC is 64 Billion - n/a -
With a Dominance of 52.4%
- lost 0.1% -

Volatility?
The 30d avg Volatility is 4.58%
- lost -0.02 -

Shorts/Longs?
Shorts - 23.3k (pretty low)
Longs - 31.8k (high but solid)
- S -1.0k / L +0.6k -

Funding?
The last 3 funding rates added -> -0,3023%
- +0.0023 -

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?
The volume today has been pretty bad and we saw such low sell volume the last time on November third. Taking a fractal movement into consideration we might see increased chances of a good buy volume tomorrow.

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 not shorting and not really big amounts of shorts are being opened. Actually we are seeing more longs being opened and a good a mount of shorts closing.
TJ-Stoch
K(blue) - 23
D(orange) - 70

Divergences?
We are seeing a slight divergence between the longs and shorts in comparison to the chart.

Market Structure?
So since we have almost no movement on this weekend and started with a significant dump, it is looking like a possible inverted BART. Nevertheless, we are as well seeing a possible bear-flag. Looking at historical data, dumping and afterwards having days of no movement has resulted almost every time in a small to mid pump on the next day.

Overall?
Overall we are seeing a good amount of possibly bullish signs. This is exactly the point -> possibly. Since we are seeing as well a fair amount of bearish signs like a cross under on the stoch, downtrending bearish money flow, bearish momentum and a descending channel that we are in right now. Nevertheless, there is still room for a bounce and re-test of 4200 or at least the above shown resistances.

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?
keeping the yesterday mentioned low leverage, low margin long. STOP at 3430

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Cheers, TJ