Thanks, guys!
This blood made with few tricks. Here they are:
1) the main blood color is the mix of Blood Red and little Scorch Brown paints by GamesWorkshop, acrylic.
2) For bloody sleeve: I've added some water into the paint to make it more liquid and than placed this mix on the special little-netted colander that I'm using to make blood drops. Than I've wrapped the figure into foil, only one hand remains uncovered. And after that I've blew up the paint from the colander on it using my own lungs and mouth. And here they are, little drops. The big ones I've added with the little brush. The same way used for the towel.
3) For the blade: I've added the paint mix into artificial water by Andrea Miniatures and placed it on the blade carefully, let it dry for 24 hours. Just loving how good it gives the real liquid volume to the painted blood (check it out
here on Pyramid Heads' hands and
here /
here on Minas' finger).