Bitcoin resistance levels, multiple timeframes Heffae Clouds

20 May 2018

The last Daily Heffae's cloud analysis of the Daily said that if we break up out of the cloud, we would need to come back and retest the top of Daily cloud to confirm a bullish trend going forward.

Now we have broken out, but are at very strong resistance levels on the 4H and 8H timeframes, as well as Daily cloud showing price at realtime resistance.

I expect a retest of the Daily cloud top, where I will be placing bids for wicks and cancel the trade / abort if the daily closes under cloud after retest.