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Bearish strength, bulls are showing weakness...

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- So what I see is again price action doesn't fit volume action, also bulls doesn't seem to show real bullish buying power strength, I think there are much more resistances above then support below....
- We are almost closing monthly and it doesn't seem like the bulls showing any interest (Or already exhausted with their last attempt) on going higher...
- We should retest 8000-8050 (fib' retracement for the last pump), going below that means we will be testing 7800 again (0.7' fib'), failing to stay here means next target is 7000-7200...
- My overall mood atm is bearish from many perspectives, but it is still not 100%. these next 2 weeks should 100% confirm it, if we close this weekly below 7800 it means that market will be very bearish for some months, if we end this weekly retracing towards the 8800 then with confirmed buying power it means we recovered, but if it will get stuck under this 4h resisting cloud again and get rejected, this might bring us another very nasty red dildo towards the 7000-7200...

I'm shorting here yet again ;)...
8555 is critical zone to have SLs guys, strong E21 resistance + 4h cloud... lets see how tomorrow will respond to monthly closing.


Nota
#Short#CurrentPrice-8264
Enter: 2350-8250
SL: 8550 (Risk lose: -3.46%)
TPs: 8075 (10%), 7470, 7270, 7170, 7070, leave 10% for any lower levels...
Portfolio risk: 1-10%
Dagangan aktif
I'm still on my short positions :wink: nothing changed from my side, only stronger bearish vibe :P...
Dagangan aktif
Still fits the same idea....:
- Closing daily (Current 4h candle) above 8480 + wick to above 8550 with confirmed volume buying power => bullish
- Closing daily (current 4h candle) below 8250 = bearish..
- Anything else makes bulls weaker on higher frames.
syot kilat
Nota
Hedgehog king, [03.10.19 02:59]
[Forwarded from Hedgehog king - Crypto arena (Hedgehog king)]
BTC testing the 1h cloud, also it gets closer to the 4h cloud, volume is rising... if we close above 8400, then we are very bullish here.. especially since we will be above e50.. ma50 atm gives us the boost support on 4h...

Hedgehog king, [03.10.19 02:59]
[Forwarded from Hedgehog king - Crypto arena (Hedgehog king)]
Im still holding my short position... I would also added more short position on this critical resist point... entering and closing within the 4h cloud will cause a strong bullish effect.
Dagangan aktif
Update on: #Short#CurrentPrice-8264
New entery: 2220-8170
New SL: 8310 (Risk lose: -0.55%)
TPs: 8075 (10%), 7470, 7270, 7170, 7070, leave 10% for any lower levels...
Portfolio risk: 1-10%

syot kilat
Nota
Correction to the entry:
New entery: 8220-8170*
Dagangan aktif
Guys 7800 is incoming very soon. be ready.
current and next 4h candles very critical, closing below 8190 (ma50, and cloud) is going to bring big bearish move from my perspective.

Also daily if closes below 8180 will have strong bearish move too..

Update TPs on: #Short#CurrentPrice-8264
New entery: 8220-8170
New SL: 8310 (Risk lose: -0.55%)
New TPs: 8085 (10%), 7875 (40%), 7470, 7270, 7170, 7070, leave 10% for any lower levels...
Portfolio risk: 1-10%
Dagangan aktif
Signal update: on: #Short#CurrentPrice-8264
SL: 8310 (Risk lose: -0.55%)
TP reached: 8085 (10%).
Next TPs: 8085 (10%), 7875 (40%), 7470, 7270, 7170, 7070, leave 10% for any lower levels...
Dagangan aktif
Price now is 8122 (09:0520
- Fear greed is 30, not too low, can easily go much much lower..
- Overall sentimentals of the market aren't good, disapointment of market response to Bakkt and other big news, also fear from reversal to bearish is intact, which means that going below 7700 will cause big panic sells, easily can reach to 7200-7000..
- Google trends manipulation stopped acting on bots, "BTC" trend came down below the "Bitcoin" trend to its rightful place...
2. TA/PA
- 4h TF cloud keeps on providing very strong resistance...
- Oscillators on low TFs such as RSI had enough time to rest and reset, weekly still having a huge space going down, daily is pretty oversold but can easily get squized down...
- Volume buying power activity on daily is getting higher, but on 4h and 1h looks like it is going down and creating lower highs which might effect with poorer response on daily..
- Fib' retracement level is testing 0.5 fib', under 8100 (Especially if we close below 8050 which is very strong S/R level) it will fail to preserve it which means next is 0.7' fib (7870, and wicks to around 7750), closing below it means we are going for 7000-7200 next.

** The current 4h TF candle and the next 2 are very critical, as the 4h cloud squeezing down the PA, if we enter the cloud and close inside it we might find support within it and jump up, else if we continue going below it then it means we will close below 8050 which will result on a very bearish move...
syot kilat
Dagangan aktif
Signal update: #Short#CurrentPrice-8264
- current live price is 8042..
SL move lower to: 8252 (Risk lose: -0.145%)
TPs reached: 8085 (10%).
Next TPs: 7875 (40%), 7785 (15%), 7470, 7270, 7170, 7070, leave 10% for any lower levels...
Dagangan aktif
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I continue this on:
Bearish strength, bulls are showing weakness.. part2:
Bearish strength, bulls are showing weakness.. part2..

I will also keep update the signal there..
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Last update there was:
"syot kilat
Almost identical ;)
Who is enjoying the show??

Guys, volume buying power went down drastically!!!! I don't recommand any longs here."
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