BitcoinShort
Are we super bearish?
Updated
* Bearish? - If current week (21/10/19) is going to close today at the yellow zone (8220-8050) which is used as a very strong swapping between support and resist,
Then most likely we are heading towards the red zone (7865-7705), if we touch that zone for the 5th time then most likely we are going below it to test the weekly cloud.
* Bearish! - We were extremely bearish under the 21E, and now that we created a strong weak and tested it out again (And created new trend downwards (red) and enough liquidity to push down),
it means we are super bearish.
Buying power confirms that we can't hold this zone any more.
* Not bearish? - If we don't close at the yellow zone today, then the next weekly candle will break the down red trend then this might bring enough buyers to push towards the yellow trend (8520-8850) which is also the 21E (And then depends if there is enough buying power, only then we might be creating a bull run again).
*** I myself still very bearish, since 12-14k as you may all know, and I keep finding stronger and stronger bearish momentum for my bearish bias.... next week is the most important one, lest see how it goes...
Then most likely we are heading towards the red zone (7865-7705), if we touch that zone for the 5th time then most likely we are going below it to test the weekly cloud.
* Bearish! - We were extremely bearish under the 21E, and now that we created a strong weak and tested it out again (And created new trend downwards (red) and enough liquidity to push down),
it means we are super bearish.
Buying power confirms that we can't hold this zone any more.
* Not bearish? - If we don't close at the yellow zone today, then the next weekly candle will break the down red trend then this might bring enough buyers to push towards the yellow trend (8520-8850) which is also the 21E (And then depends if there is enough buying power, only then we might be creating a bull run again).
*** I myself still very bearish, since 12-14k as you may all know, and I keep finding stronger and stronger bearish momentum for my bearish bias.... next week is the most important one, lest see how it goes...
Trade active
Hope you are getting a lot of value from my updates, cheers <3****************************************************************************************************************************************************************************************************************
* If you like what I do, and want to see more then don't forget to push that "follow" and "like".
* Also if you want live time signals and learn with the community then you are more then welcome to join here to my Telegram: t.me/joinchat/AAAAAEdUerQWUVKya1zbSA
* I invite you to join me at Uptrennd, a combination of reddit+steem with upvotes and other many features for publishing:
uptrennd.com/user/MTU3OTY
* If you want to appreciate my work with spare BTCs or buy me a drink then you are welcome to send them to: bc1q8kzn0x8j4dmws00ntuhyma8p4c9jwyj0gzxua9
Cheers, love <3
Hedgehog King!
****************************************************************************************************************************************************************************************************************
Trade active
Another sign to short is that we entered into the 4h red cloud ;)So be careful out there.
Note
Also I want you guys to notice the daily special cross:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.