Notice how this last pullback almost perfectly found support at the cloud. That is very interesting.
It's just so amazing how it works. Last week we could fall back into the cloud just by closing below 10k. That would have invalidated that buy signal according to (when we closed above the cloud a couple of weeks ago). But we stayed above it!
This week to fall into the cloud we have to close below 9.7k. The cloud keeps pulling back, so according to the cloud we can come all the way back down to 6k in November and BTC will stay . So the cloud allows a prolonged pullback to the first flat area (7.4k) & the second one (6.5k). These would be very good areas of support to watch out.
The cloud has more room to pull back as time goes on and then it will start progressing back up as it has this Kumo Twist. The cloud support needs to hold to maintain that buy signal.
This is a very interesting setup we are seeing right here & something to keep very close attention to.
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates.
Join Telegram Channel for more analysis - https://t.me/CryptoBullet
The information given is never financial advice. Always do your own research.