BTCUSD wicked resistance; 4Hr and 3Day paths battle HeffaeClouds
4Hour Cloud with 3Day Cloud overlay (3Day is purple-ish cloud)
Both show a declining cloud shape with bottoms around 6300.
The prior bullish signal on the 4Hr has been invalidated, 4Hr path now acting as resistance.
The price now ($6430) is a major area of contention between paths.
The 2Day path has also shown a wick through cloud bottom and will continue to act as resistance.
Time will tell how price interacts with these paths. In the mean time, ETH interactions are coming up on longer TimeFrames and I should be able to post some analysis as ETH goes on CloudWatch!
Both show a declining cloud shape with bottoms around 6300.
The prior bullish signal on the 4Hr has been invalidated, 4Hr path now acting as resistance.
The price now ($6430) is a major area of contention between paths.
The 2Day path has also shown a wick through cloud bottom and will continue to act as resistance.
Time will tell how price interacts with these paths. In the mean time, ETH interactions are coming up on longer TimeFrames and I should be able to post some analysis as ETH goes on CloudWatch!
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