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Pathfitting

BTC Decision time! Heffae Clouds Daily & 3Day meta-analysis I believe the time is near for BTC to make a substantial move. The current price level has broken to the underside of longer-timeframe Support & Resistance levels as shown by the Heffae Clouds indicator. The chart you see uses 1Hour candles to show the granular interaction with 1Day and 3Day clouds. There has been a lot of chop in these areas, against the longer term trendlines. Firstly, a break from inside the cloud body to the underside of the cloud is a bearish signal. Currently, things are looking like a short on BTC is the play using this logic: however: The continued grind against these resistance levels has been going on for what seems like forever (for a crypto market!) and there is the notion that the longer resistance levels are tested, the more likely they are to be broken. What we could be seeing is a massive accumulation play that's had the price pushed lower at every potential break-out level in order to force selling & filing accumulator's bags. Since the volatility is low, and the "triangle" is seen by many traders as a key break-up or break-down level, all it will take is a small push to send it flying in either direction. Support levels on the 8Hour and 4Hour clouds: Get ready for 20% days, folks! I am short on cloud bottom rejections, and long on cloud bottom violation/re-test events. It's a little choppy, but with limits set in either direction, the position will be in the right place prior to said breakout. Cannot go wrong this way, and by looking at the almost magnetic-like grind BTC has at these resistance levels, you can usually limit in and out at a gain if played correctly. I will try to update this as price action follows! Currently we have fallen out and re-tested Cloud bottom, so that's a short from $6550
BITFINEX:BTCUSD
by SNOW_CITY
ETH/USD finds resistance top of 4Hr Cloud; 6Hr HeffaeClouds+QRsiTh last ETH move was strong and fought it's way past every intracloud support, but only after first rejecting from that same path and finding it's way through at lower levels. The 4Hr cloud again proves to be one of the most powerful timeframes, the ideal balance between big-picture 8H and Daily, but reducing a lot of the noise seen on :15 and :30 min TimeFrames. One of my favorite charting techniques with HeffaeClouds is to use the :30min overlaid with the 4Hr, or any split of timeframes that helps give construct to a trend / rally / dump. Once again, I believe that the latest hit on the 4Hour cloud top will be met with a pullback to lower levels before an attempt to break this resistance can be considered. There are several signals supporting this, namely the 4Hour QuantRsi indicator showing a clear-as-day bear div: And the 8Hour showing very, very strong horizontal resistance at this level: Remember, the time to get bullish is not at the excursion of a particular move, it is during the regrouping and how it interacts with supports. This entire move up, ETH has had extremely bullish continuation only after finding supports on the same path it just broke through. Using this same logic we can estimate levels that a pullback from here will stop - It's all in the cloud. Lets further rationalize this resistance level by looking at the 6Hour: Use the cloud shapes and interaction with paths on shorter timeframes - watch the :15 and :30 min while the retracement is in progress for a flip to support - OR spread bids along the 4Hour cloud paths that I've circled. I believe ETH will have some continuation, but the bear div on RSI, tops on 4Hr,6Hr, is ominous!
BITFINEX:ETHUSD
by SNOW_CITY
BTCUSD wicked resistance; 4Hr and 3Day paths battle HeffaeClouds4Hour Cloud with 3Day Cloud overlay (3Day is purple-ish cloud) Both show a declining cloud shape with bottoms around 6300. The prior bullish signal on the 4Hr has been invalidated, 4Hr path now acting as resistance. The price now ($6430) is a major area of contention between paths. The 2Day path has also shown a wick through cloud bottom and will continue to act as resistance. Time will tell how price interacts with these paths. In the mean time, ETH interactions are coming up on longer TimeFrames and I should be able to post some analysis as ETH goes on CloudWatch!
BITFINEX:BTCUSDShort
by SNOW_CITY
Mixed Strategy, Short from 7386, searching for long entryThe New Heffae Clouds update is out! Anyone who hasn't gotten trial access yet needs to do so quick, as subscription will become necessary after the 15th. TooLong;Didn'tRead = Facing a pullback at these levels. Candlewicks on the 1Day and 2Day cloud hit strong path resistance markers on the dot, big time resistance and there are multiple timeframe conformations of this. Limit sells placed on the 1Day and 2Day cloud paths would have been filled and you'd be a 10-fingered knife catcher. ^^^ nice fitting ^^^ The 2Day cloud top may act as strong resistance, as it's levels match up cleanly with the 1Day intercloud levels. BULLISH: Pending confirmations on paths when we fall back down to 7K: 2 Day cloud and longer timeframes reveal the recent patterns of bottoms is oversold and extended; even though we are facing massive resistance, there are too many path indications of a rally up to 11K over the next 6 weeks to ignore. BEAR CHART: Daily cloud bottom and the 2Day RealTime additive match up at around 7K. I think that bounce potential is pretty high around 6.7 - 7K, with Daily or 2Day closes above the RealTime. This is analysis using the 2Day and 1Day clouds, as well as the unreleased *experimental* Cloud OSC, or PQRsi ( P ath fitting Q uantized R elative S trength I ndex) The last Idea I published, "Squeeze approaching" was short-lived and price broke to the upside. This tells me that the PQRsi support path was actually stronger than the 1Day cloud bottom (should have assumed that since 1Day cloud bottom had been violated several times on the recent run up!) Even though there are some devastatingly clear resistance markers here, and this area makes a very good Risk/Reward short entry by the narrative on many timeframes, there are some longer TimeFrame signals and correlations that make me think this rally is FAR FROM OVER We have had a really noticeable path-verification candlewick on the Daily cloud touching a fairly important intercloud line (you can see that this particular path was validated during the last interaction, so the strength of this path is very very high!) At this point, I will be seeking short entries on all wicks up to current resistance levels on the clouds, with the intention to change long once supports (probably RealTime supports!) are validated.
BITFINEX:BTCUSD
by SNOW_CITY
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