Hedgehog_king

Bearish movement signs are strong

Short
Hedgehog_king Updated   
BITMEX:XBTUSD.P   Bitcoin
- The bulls showing bigger and bigger weakness, they fought well, but they can't seem to deal with all the resistances and they are running on lower and lower energy, same patterns on daily and on 4h....
- lower closing dildo candles and the bulls just struggle to prevent the bigger move down, it seemed to me really off so far, but now I'm positive about thoughts:
* 4h rejecting
* EMAs rejecting
* 21EMA (Yellow line) dead crossed all the other EMAs which usually leads to big pull down...
* Buying power doing lower and lower lows, and struggle on a critical level
* Volume for bulls was too weak as well

This ship is going for another big leg down.... this might take us all the way to the floor of the descending triangles.... so take care..
and if this will cause panic sell out then all the weird ALT actions (Due to Binance open up to US) are going to fall as well with it.
Trade active:
Signal:
- #Short#CurrentPrice-10188
Entrance: 10215-10159
SL: 10292 (Risk loss 1.3%)
TPs: 10060 (25%), 9935, 9750, 9580, 9360, 9130, 8300, and last 10% for any lower..
Trading portfolio risk: 1-5%.
Comment:
Hope you are getting a lot of value from my updates, cheers <3
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Comment:
Hmmmm tomorrow is the fed meeting.... this will resolve where we go I think...

Also, remember my bigger scale picture comparison with last parabolic run? we must not break below the 4th trend line!:
Comment:
Every bullish action to rise above higher level, ends up with less bullish power, we might push to now to higher level (I hope not), but we will end up crushing harder right after...
Trade active:
Update on the still going signal:
Since next time if we touch this support level (10065-10075) we are going to go much lower, Im changing ths TPs, the SL staying the same.. now it turned to be a very risky signal (even though it is still valid, but now less likely to go down), so if you have big position I would advice going out, if you still only holding 1-5% of portfolio then its ok to stay, if you want to go long, the I would advice doing so if we close above 10284 (4h tf)... so the update as follows:

- #Short#CurrentPrice-10188
Entrance: 10215-10159
SL: 10292 (Risk loss 1.3%)
TPs: 9935 (25%), 9885, 9570, 9390, 9180, 8772, 8300 and last 10% for any lower..
Trading portfolio risk: 1-5%.

Trade active:
- 21EMA death crossed all other EMAs? - Check.
- Got rejected exactly at the 21EMA and 4h cloud meetup? - Check.

I think today is going to be interesting, closing above it on 4h tf should be strongly bullish, closing below it, should be strong bearish ;)
Good luck.
Trade active:
Update on the live signal:
- #Short#CurrentPrice-10188 (Entrance: 10215-10159)
current BTC price: 9707$
SL move to profit: 1008...
TPs hit: 9935 (25%), 9885-9707 (Take another 15% now) - 40% out....
Next TPs: 9570 (10%), 9390 (10%), 9180 (10%), 8772 (10%), 8300 (10%) and last 10% for any lower..
Trading portfolio risk: 1-5%.

Well, I'm glad PA/TA/SA/FA worked out so far.... lets see how much deeper we go (If at all)...
Trade closed: stop reached:
Late update on the signal (I updated it live via my TG channel):
"
Another update on the live signal:
* SL was hit in profits..

- #Short#CurrentPrice-10188 (Entrance: 10215-10159)
- current BTC price: 10037$
- SL hit in profit: 10008
- TPs hit: 9935 (25%), 9707 (15%), 9886 (10%), 9930 (20%).
"
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