Looking at Gold's recent interaction with 4H Heffae Cloud, it looks to be strongly path-fitting within the tight bounds of the cloud body. This is a nice looking formation, and gives a lot of validity for the 4Hr paths above and below price for the next interaction. I believe the local bottom will materlize at the same level as cloud twist, with price finding...
Here is the interaction between RealTime, Intercloud SnR paths that narrate the move in a way that would have allowed you a series of profitable trades.
The 8 Hour intracloud path has had a really high number of interactions in the last couple of days. This has proven to be an extremely pivotal path, price was only able to cross when path decline lowered the resistance level in to orderbook liquidity, and price kind of "squeezed" through. The Real-Time Low (8h) also "happened" to be at exactly the same level as...
Here is a play-by-play on how I traded the last 2 Days using the Heffae's Clouds indicator system! Feel free to PM or leave your thoughts below with questions or comments!
Chart contains all relevant narrative. Any questions PM or comment!
Chart provides narrative! This is an addendum to prior ideas. What you are seeing: 8Hr cloud and 4Hr cloud overlaid on top of eachother, 2Hr chart to see candle structure more clearly!
Looking at the 1Day, the price is starting to path-fir the underside of the cloud. I mentioned this possibility in a prior idea, with this chart: which is looking like what may happen. I was able to see this pattern developing thanks to Heffae Clouds@! If we do close above the daily cloud bottom and test this path as support, then "Lift Off!!" - target @7190....
Looking at the 8Hour and Daily Heffae Cloud, using shorter chart TimeFrames to show how price interacts with the Predictive SnR paths and RealTime paths with more detail.
Pro-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...
Bitcoin's ability to maintain bullish momentum comes down to a few lonely support lines. Let's look at the Rejections and the bearish case first: Daily had another rejection on the SAME LINE that had been rejected before on the cloud: s3.amazonaws.com However, we know that when the same resistance or support path is hammered over and over, as long as price has...
1D Cloud has been finding resistance on (thick) predictive inter-cloud line repeatedly after breaking through cloud bottom. Now we are retesting this line and I believe we will break through / close above. This is a major line to cross, as it has been massively valid (price rejected!!) and price finding support on this line will be a major signal for continued...
The 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...
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...
Candle fails to find support on cloud path. candle opening on other side of cloud top switches the path from support to resistance. This Is not a short signal 100% of the time, but more often than not price will fall or have difficulty returning above after breaking that support path. Sometimes, price will break through a cloud top path like the chart above,...
Currently 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...
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...
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...
New indicator in the pipeline, thought I would break it out for show & tell. I am short. COULD REVERSE AND CONTUINUE UP!!! Qrsi stands for Quantum Relative Strength Index, and uses Heffae adaptive support/resistance maths as well as some other tricks to develop a "price theory" which functions as a type of relative strength within support and resistance...