pumped_bull_rtrabski

pumped_bull_rtrabski

Well, as I thought, there is no bubble this summer. No reason to be mad about it, cause good God gave to us the blessing of short positions. It is wise here to observe that point - China trying to wall hard 3200 levels to hold us from falling more down. IF they succeed, we would see nice DB in 15 min chart with btttom on 3205 and 3206 (Huobi), and nice hiodden...

pumped_bull_rtrabski

After 440$ launch, many people were expecting new bubble, we saw breaking downtrend etc. But 660$ level appeared to be extremely strong resistance and it stopped us successful. What we see after that is full bubble denial. For now, we leaved channel started on 360$ and are heading towards 525-540$ level. It could be a potential bounce, if not, we brake uptrend...

pumped_bull_rtrabski

Unfortunatelly 625 level didn't hold. So last chart () is a filure. My second possoble-shortterm trendline (purple-blue) fallen as well. Today I finally recognized 4h H&S pattern which - if we dived deep, below a neckline on 616$ - would mean next, agressive move down, to 590 level even. For now neckline is fine, not broken, so we can theoretically turn upward...

pumped_bull_rtrabski

We saw several attempts tu push us below 607 level, what would end with testing 603 or even 593 support. Yesterday we bounced - I'am not sure if Dell news are important, but we started after them - and leaved downtrend started 1.07. Now we are struggling upward, 625 resistance becomes an support, we will see if it is a weak one or good enough to help us climb...

pumped_bull_rtrabski

Shame for ma long on 565$, we are going down, if not bounce on 545$, I expect to see 512$ soon. It wopuld be first decisive moment, after destroying this, I would not be suprised of 100% correction even.

pumped_bull_rtrabski

Did we just started to pain big H&S? If so they should make an mirror-draw of our ride upward. What if the neckline is on 440$ for real?

pumped_bull_rtrabski

It is just my design - usually they do not like to paint such a mirrored pictures, but whales are getting borred - buying into their own askwalls and it looks like they want reversal, back to downtrend (if we ever left it) - or just to end this shortterm mini-uptrend. We are in midterm downtrend still.

pumped_bull_rtrabski

I'll seek for this short-term downtrend. But we could just reversed to our old, good long-term downtrend.

pumped_bull_rtrabski

And this is why I think so.

pumped_bull_rtrabski

This should show why I think we are still bearish. Everyone is looking for the top of our downtrend and guessing if we did already crossed it upwards and changes our trend. I supported top-line of downtrend channel on the candle's bodies starting from last Dec double top - BLUE LINE. It shows we could be still BELOW top of downtrend channel. The GREEN one shows...

pumped_bull_rtrabski

After biggest Huobi pump this month, we are close to interesting attempts of breaking through the top of downtrend channel - which looks like final bulls hopes killer. We are gonna have fun with incoming top-channel battles. Do not get trapped on the top, guys!

pumped_bull_rtrabski

H&S confirmating downward movement.

pumped_bull_rtrabski

My idea, with hope, there won't be any Gox bad news, but not good news either.