IAmSatoshi
Long

Cloud Calling Retracement - But Are the Bulls Ready?

OKCOIN:BTCUSD1W   Bitcoin / Dollar Forward 1 Week
427 views
7
427 2
This is the 4H cloud on OKC futures . I labeled the potential long entry based on Rob Booker's cloud method (for more see the Cloud and Exit post). Unfortunately, price broke out through the cloud before I had a chance to publish. I have labeled upcoming resistance levels with my arbitrary near term prediction. The current price levels at the time of this post had an extremely high probability based on the flat kumo ( 50% retracement fib) and price entry on the bottom of the kumo.

Interestingly, we painted a bull pennant within a larger bear pennant which has now broken up. I'm not sure how exactly to interpret this but I will lean bullish as we seem to have broken the bear pennant completely.
we broke above it appears. perhaps if we can eventually surpass 245/250 in 3-4 days...then may be this bull run can continue.
Reply
right on the money
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out