It's not over, just pullback. Bids @ 7150 and up #BTCUSDDaily + weekly volatility is in the bullrun phase for both BTC and "TOTAL" Marketcap.
If BTC flags out in this 6.0 HVQ Volatility Index area, retesting the trend support, bingo = consolidation before megamoon
But, that consolidation could go on for awhile.
I have an overall LONG narrative, but am not buying at these levels. Looking to YOLO/FOMO a breakout, or get in around daily cloud support.
Looking for retest of the Daily cloud top, volatility consolidation, and QRsi trend test and/or build new qrsi flag. 7150-7400 is where I guess support will be depending on the velocity if / when we dip.
Qrsi
Trade like a BOSS, Heffae Tip for Perfect trade entries & TAPro-Tip on getting a better view when there is an interaction with Heffae Clouds.
Reduce the chop and set tighter stops that are hit less often.
Shaded cloud & intercloud paths are drawn 124 Hours (5.1 Days) in advance with 4H timeframe.
Heffae's clouds is not a "moving average" indicator... the paths are discrete adaptive support and resistance, where price interaction with the paths determine the probability of future price movements.
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In this example,
Left is 15Min chart with Heffae Cloud set to the 4 Hour Timeframe. The right chart is set to 4 Hour matching the indicator Timeframe.
You can see that within a single 4H candle, the price is interacting with the 4H paths in a obvious "validation - conformation - invalidation" way, with the 15min candles.
This view lets you make precise entries / exits on path interactions like this one. Instead of waiting for the candle structure on indicator timeframe to confirm the path interaction, this strategy allows you to see how the price is dancing with the indicator in a much more detailed way. Using this strategy will completely eliminate false signals, as a trade entry from path conformation can be quickly reversed if that path is violated.
The v1.02 update maintains the cloud path geometry as well as predictive (leading) offset when "Use Chart TF" is turned OFF:
Enter the timeframe Heffae Clouds should indicate in "Non-Chart TF" - This must be done in minutes, so 240 = 4H, 360 = 6H, 480 = 8H and so on.
imgur.com
Heffae Clouds -1D Chop Zone, If close > SnR, 6880- 7190 TargetThe cloud shape and color change on the 14th indicate a big move based on the color change and upward turn of cloud shape.
After blowing through cloud bottom, it looks like the Daily cloud paths was fairly invalidated.... However, two things I failed to see when I posted the last idea "Possible Bottom of Daily Cloud Support" are fairly important and mean there is potential for the Daily Cloud to come back as a major price influence:
The inter-cloud paths were spread out, not tightly consolidated. This indicates a weak path-fitting and that price is less likely to find support/resistance on these paths.
The cloud color was weaker during the candle that dropped through, also indicating a weaker cloud path-fitting.
Currently it looks like the inter-cloud paths are functioning as tight SnR, so there will likely be some consolidation in this area.
The spacing of inter-cloud lines as well as the distance of Real-Time SnR indicate there will be CHOP for a few days, so I would hold off on taking positions until we are closer to the cloud influence prior to the 14th, or when you can start using Real-Time on shorter Time-Frames >>> (8H Real-Time LOW has been VERY STRONG!!!) <<< (be sure to look at prior interactions for trading ideas / rules... two consecutive 8H closes above Real-Time LOW would be a possible long signal)
Now that cloud color has changed to a stronger path-fit and inter-cloud paths are converging (somewhat) I expect to see valid interactions with 1D cloud.
Another possibility is breaking out cloud bottom, but then path-fitting cloud underside on an upwards run:
Keep a close eye on Real-Time SnR as well as shorter timeframes.
Message me for clarification on anything regarding Heffae Clouds.
* I am marking this idea as "Long" even though my entry depends on the price interaction with cloud paths...*
BTCUSD flirting with bearish path, Heffae Cloud 4H pathfittingCurrently 4H cloud top is acting as resistance. Price needs to close above 8190 (BitFinex) in order to emerge on the bullish side of 4H cloud.
In these situations, the price does tend to flip back-and-forth between channels before taking off strongly in either direction. |
NOTE -User pointed out that 4H cloud is GRAY meaning that it has very little influence on price.
4H Cloud top - Resistance until close > $8190 and then support - NOTE -User pointed out that 4H cloud is GRAY meaning that it has very little influence on price.
4H Cloud QRSI - Resistance (bounce zone) until close > $8323
4H QRSI - Support until close < $8100
The price break-down through 4H color-change was expected, but the strong inter-cloud support (also support on Daily real-time path) shows that the price is not necessarily resigned to the bearish channel. The next 8-12H are absolutely critical in determining which direction price will go long-term.
Keep an eye on the Cloud top, this is where the flirting between Support/Resistance will happen.
I AM FLAT right now!!!
Side Note:
It looks like market-making BTCUSD dominant influence shifting, different market influencers have gained an important leverage point in BTCUSD price movement. Recent path interactions show that the local trend in Bitcoin is now shifting and we should start seeing new patterns emerging in price over the next several weeks.
This means that trendlines, T/A and charting will be invalidated, predictive paths and cloud interactions will not be reliable until the predictive algo adapts to new price movement patterns. Hold on to your hats, I think crypto market is going for a ride!
qrsi supports, 4HR cloud interaction, fairly solid long setup.Looking at the upcoming 4HR cloud interaction & qrsi support levels, as long as the price stays above the 4HR cloud and above 0 on the qrsi indicator (4HR) this looks like a bullish continuation and I am fairly certain we will get another leg up from these levels.
If the price breaks underneath the cloud top and under 0 on the qrsi, the next support is -2 qrsi which will determine whether or not price continues in a bullish direction! I am in a position now, but will close very quickly if the price closes under 4hr cloud top.
UP WE GO FROM HERE, ACTUALLY (I was wrong)Using a different method for q-rsi discovery,
I added a predictive engine to the qrsi levels and found very interesting path fitting with totally different rules to the Heffae Clouds path fitting.
It will; take awhile to interpret these new-fangled indicators fully, but this paints a pretty damn clear picture right here.
I think we will shake-out some leveraged longs for a few candles, (day?) but this is looking Bull-Ish As Fawk
WhatchuThink???