[BTC] Still trying to breakout, short term analysis 11.2.18

Hi all, Crypto Sludge here.

TL:DR : still going sideways...

So we had some good movement early yesterday, finally making a higher high @9076 , although very unconvincing. We reversed as soon as we got it with a perfect doji and been going down all day and finally bounced off the 50MA on the 4h chart.

Honestly, it's a weak signal, and this whole movement feels weak, much weaker then any major recoveries we had in the past.

BTC is now back into my no trade zone, i am looking for two points for a upside movement, top of the cloud @ 8850$ and the make trend line @9400$ i really want to see a strong movement above these points. My downside points are the make trend line @7800$ and bottom of the cloud @7400$ if we go down there i will expect a full meltdown.

My overall sentiment remains bearish.

Stay strong.

Trade ON!

Crypto Sludge