Possible Bottom of daily cloud support, Heffae Clouds Daily
If daily candle closes above cloud bottom, BTCUSD should find new support at this level on the bottom of the daily cloud at around 6480.
If this daily closes under, I would continue with a hedge or very low leverage short.
Need to wait for a candle close above cloud to long, and stop out / go short on any close under cloud.
I have closed all my shorts and am now SPOT LONG as well as taking spot positions in LTC, ETH, and XRP (why not :p)
If the daily BTCUSD candles close under cloud, I will close those positions, and look for short entry with a target of $5500
LONG TARGET (if close inside Daily Cloud) $7100
SHORT TARGET (if close below Daily cloud) $5500
If this daily closes under, I would continue with a hedge or very low leverage short.
Need to wait for a candle close above cloud to long, and stop out / go short on any close under cloud.
I have closed all my shorts and am now SPOT LONG as well as taking spot positions in LTC, ETH, and XRP (why not :p)
If the daily BTCUSD candles close under cloud, I will close those positions, and look for short entry with a target of $5500
LONG TARGET (if close inside Daily Cloud) $7100
SHORT TARGET (if close below Daily cloud) $5500
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