A bearish perspective - a bigger picture

The last 3 major drops have some major similarities in their testing of major levels and % of drops

I've just added to my short.

I will start to second-guess myself at 7800 and admit defeat at 8000

코멘트:

A picture so you can take a look at it more easily:

코멘트:

H&S a possibility if BTC loses momentum here

코멘트:

It looks like I have misplaced the rightmost retest #2 area. It should be a little higher:

Will close my short if BTC closes above 8100

코멘트:

Added some short at 7745

I'm hoping this stays below 7800 because above 7800 / 7900, I would start to doubt myself.

I'm only trading a small amount on Bitmex, so trade at your own risk :(

코멘트:

Here's what I'm looking at:

Although price has increased from 7600 to 7700, the net volume is down 500 BTC. This is an evidence of distribution, IMO..

코멘트:

Another view:

When the price is in a range but OBV is making lower highs, it indicates weakness

코멘트:

Overall structure matching up. Daily RSI Double top at 45 matching up..
I expect BTC to start dropping today or tomorrow.
I would be very surprised if BTC goes over 7900

코멘트:

An exhausting price movement..

My theory is that whale buying just the necessary amount to get up to the distribution range.

코멘트:

Planning to add more short at 7310~7320 here:

I might not get that entry because this may fall hard without much retracement, like that time we dropped from 8600 to 7300. My rationale is that a bear flag might form, going up to 0.382 retracement at least.

코멘트:

I'm just going to hold my short through this one..
I'm quite sure we were seeing distribution, and I really don't think this is the bottom.

코멘트:

I closed my short at 6550. It got covered during my sleep.

Scared that it might make a strong bounce at low ~mid 6k's

코멘트:

Just went long here.. Super risky but
expecting a short-term bounce