Current short-term signals Up-Trend rally continues, Long TF ???
Updated
The first signs of a pending turnaround from the selling starting at 7.1K-6.8 are rolling in the 30Min cloud.
There were conformations on the Daily RealTime SnR as well as the CloudOSC showing a possible path-fitting between the QRSI and the Cloud OSC.
Opportunities to get into a starter position on the candle-whips around 8650 are met with some early conformations that this one might be worth adding to a position or staying long until we interact with the Daily Cloud.
Of course, as with all Heffae Cloud based TA, this trade and TA depend on the RealTime supports and resistances for several prominent time-frames (different with every asset, but bitcoin + others like 3H,4H,6H,8H,1D) giving the right signals. The Idea with Heffae Clouds is to trade around the chop, and this works wonderfully when several timeframes align with interactions. When there fewer interactions, the indicator requires a slightly different interpretation.
There were conformations on the Daily RealTime SnR as well as the CloudOSC showing a possible path-fitting between the QRSI and the Cloud OSC.
Opportunities to get into a starter position on the candle-whips around 8650 are met with some early conformations that this one might be worth adding to a position or staying long until we interact with the Daily Cloud.
Of course, as with all Heffae Cloud based TA, this trade and TA depend on the RealTime supports and resistances for several prominent time-frames (different with every asset, but bitcoin + others like 3H,4H,6H,8H,1D) giving the right signals. The Idea with Heffae Clouds is to trade around the chop, and this works wonderfully when several timeframes align with interactions. When there fewer interactions, the indicator requires a slightly different interpretation.
Note
looking at the 30Min, price did not clean-break up from the cloud like it would on a rally with more of a bullish overall momentum. The "frumpy" behaviour suggests that continued upward momentum (even if we get to 7250-7400) is lacking a good foundation to keep building past that. Path-Fitting along the top of 30Min until this candle breaks down, finds support on Real-Time and now will close above Real-Time, but under Cloud top in 30Min.
Keeping on-top of the interactions between price and the 4Hour RealTime SnR lines.
Using the 5Min candle chart to show granular details:
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Note
^^^^^^^^^^ Accidently copied the thumbnails^^^^^^^^^^^^^^s3.amazonaws.com/tradingview/snapshots/i/isJ29eiZ.png
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