Bitcoin 4hr 10/6/2019

Bitcoin 4hr 10/6/2019
Bitcoin / TetherUS BINANCE:BTCUSDT
HeisenbergBTC

Im looking at the 4 hr chart this morning and we took a little tumble over night. We did climb up to nearly 8200 yesterday but soon after we were in a free fall down to nearly 7800. We have since rebounded a bit and found some support at around 7900. I threw a line (yellow) to show previous support and current support. We are in a down trend as you can see. The candles are respecting the boundaries quite well. Once we exited the cloud it was all down hill. We attempted to enter it once again when we were testing 8200 yesterday but upon rejection we dropped a significant amount. Now we are fighting to keep our heads above 7900. There is still some support around 7725 so keep that in mind. We have had some pretty healthy bounces from the 7725 area recently. We have a very big cloud above the candles not to mention we are below the 50 and the 200 MA. That is all bearish . RSI is low which is good news for the bulls although Im afraid its going to take more than RSI to get these candles to turn green again. Daily volume is sitting at $12,685,984,661 which is about the same as it was yesterday. Daily volume has been losing ground and that isnt bullish at all. But WTFDIK?