Bitcoin

Possible Bottom of daily cloud support, Heffae Clouds Daily

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If daily candle closes above cloud bottom, BTCUSD should find new support at this level on the bottom of the daily cloud at around 6480.

If this daily closes under, I would continue with a hedge or very low leverage short.

Need to wait for a candle close above cloud to long, and stop out / go short on any close under cloud.

I have closed all my shorts and am now SPOT LONG as well as taking spot positions in LTC, ETH, and XRP (why not :p)

If the daily BTCUSD candles close under cloud, I will close those positions, and look for short entry with a target of $5500


LONG TARGET (if close inside Daily Cloud) $7100
SHORT TARGET (if close below Daily cloud) $5500

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