Opis
⋅ 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