Current Daily candle has opened outside of the Daily cloud.
Note the consolidation fitting perfectly within the Daily cloud range.
The color change to light pink also indicates that the cloud's influence is less, and a departure from the cloud's Path-Fitting is more likely.
I would rate this signal as a 70% certainty of upward move.
There is a possibility of...
BTC is at the bottom of the 4H cloud, and the daily candle will violate support on Daily cloud if it closes below 9030.
If daily closes under the cloud top, the next Daily cloud support is 8130 and falling.
Building on last published idea, the Cloud Departure is a clear long signal.
Currently, the price is still path-fitting the daily cloud, and now is finding support on the cloud top.
This would not be cause for concern, however the cloud's color change points to a high probability that the price will "violate" the path-fitting of the cloud, either departing up...
Historical and current Interactions; Heffae Clouds on Daily Timeframe
Heffae's clouds continues to surprise as an unconventional and insightful tool for technical analysis.
Knives caught and bottoms bought, Heffae's path finding and predictive interactivity are like a modern jet fighter vs the piston-engined indicators of yesteryear.
The learning curve is...
Price wicking towards 4H realtime HIGH which may act as support if uptrend is continued.
12H cloud showed a short / take-profit signal (published the idea) yesterday based on the cloud path.
The current candle shows this path is currently being followed, however prior 12H cloud fitting shows that it is often followed for a portion, and then supports on shorter...
My last video comparing the 2013-2014 Daily cloud to the current 3Day cloud showed a potential run up to the 13.6 range if the path stayed valid.
It did not! Here is my current analysis and why I am sticking to the current Daily, as well as much shorter timeframe clouds for signals.
