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...
