Bitcoins Next Move - Multi-Timeframe analysis - Heffae Clouds
Looking at the 1Day, the price is starting to path-fir the underside of the cloud. I mentioned this possibility in a prior idea, with this chart:
which is looking like what may happen. I was able to see this pattern developing thanks to Heffae Clouds@!
If we do close above the daily cloud bottom and test this path as support, then "Lift Off!!" - target @7190. We have some resistance to contend with along the way and it just feels like the price is more likely to get rejected, however this "feeling" may be an awesome counter-trade indicator!
If we continue up the underside, without breaking through this path.... the price is just building tension along this major resistance and it will snap back down hard at some other resistance that most likely will not be visible with the clouds. There will be traps and stop-hunts along the way, trade with caution!
The 6Hour and 4Hour paths show granular support and resistance levels that we can expect going forward. If the SnR levels get violated by opens / closes above / below, you can expect a trend change. - this is the basic form of TA with heffae clouds.
If we do close above the daily cloud bottom and test this path as support, then "Lift Off!!" - target @7190. We have some resistance to contend with along the way and it just feels like the price is more likely to get rejected, however this "feeling" may be an awesome counter-trade indicator!
If we continue up the underside, without breaking through this path.... the price is just building tension along this major resistance and it will snap back down hard at some other resistance that most likely will not be visible with the clouds. There will be traps and stop-hunts along the way, trade with caution!
The 6Hour and 4Hour paths show granular support and resistance levels that we can expect going forward. If the SnR levels get violated by opens / closes above / below, you can expect a trend change. - this is the basic form of TA with heffae clouds.
Comentário:
Progression is still within the support bounds... it is near the bottom of the support channel. This is a good time to spread some bids down for candle-whips, but I would stop out of we close under the 4Hr cloud low.
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