BTC predictive SnR cloud; adaptive paths, SQUEEZE APPROACHING!!
Updated
Drawing the CloudOSC path onto the price chart and attempting to scale it accurately for an interesting comparison on how the path-fitting function works with Qrsi and predictive Relative SnR clouds are drawn similar to Heffae's clouds.
When the 1D CloudOSC indicator path is transposed onto the 1D Heffae Cloud chart, the Price Cloud forms the top resistance path, while the CloudOSC draws a lower support path.
Since both of these paths show validity during this move and in prior interactions, It suggests that the CloudOSC may provide some valuable information that Heffae Cloud is unable to display.
Both paths "squeeze" and then diverge around the same time Daily cloud has a twist. I think the CloudOSC + Heffae Cloud will act as upper and lower support/resistance (SnR) paths, keeping the price somewhat sideways until, eventually, price breaks one way or another.
If price manages to find support above the squeeze zone (within the daily cloud bottom), and then confirm on shorter TimeFrames, taking a long on these conditions would seem appropriate; but due to the twist & the bearish divot in the CloudOSC path, risk-reward for a long is very poor at this time.
Leaving limit sell orders in at the resistance levels 7444 and 7550 (daily) is sure to bring successful scalp trades, even if the price eventually continues beyond these leves due to the pullbacks that happen at major cloud resistance levels.
I do believe that whatever trend emerges from this zone will be a strong & long trend.
The daily cloud is a major obstacle for price to get through, so whichever side price finds SnR on is the direction price trend will go.
Rough idea of how I am thinking this Daily cloud will influence price:
There is also the 3Day cloud to contend with:
Note: CloudOSC isn't available yet.
When the 1D CloudOSC indicator path is transposed onto the 1D Heffae Cloud chart, the Price Cloud forms the top resistance path, while the CloudOSC draws a lower support path.
Since both of these paths show validity during this move and in prior interactions, It suggests that the CloudOSC may provide some valuable information that Heffae Cloud is unable to display.
Both paths "squeeze" and then diverge around the same time Daily cloud has a twist. I think the CloudOSC + Heffae Cloud will act as upper and lower support/resistance (SnR) paths, keeping the price somewhat sideways until, eventually, price breaks one way or another.
If price manages to find support above the squeeze zone (within the daily cloud bottom), and then confirm on shorter TimeFrames, taking a long on these conditions would seem appropriate; but due to the twist & the bearish divot in the CloudOSC path, risk-reward for a long is very poor at this time.
Leaving limit sell orders in at the resistance levels 7444 and 7550 (daily) is sure to bring successful scalp trades, even if the price eventually continues beyond these leves due to the pullbacks that happen at major cloud resistance levels.
I do believe that whatever trend emerges from this zone will be a strong & long trend.
The daily cloud is a major obstacle for price to get through, so whichever side price finds SnR on is the direction price trend will go.
Rough idea of how I am thinking this Daily cloud will influence price:
There is also the 3Day cloud to contend with:
Note: CloudOSC isn't available yet.
Note
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