LET'S ZOOM OUT

I decided to break down separately the Daily and weekly to show you my thought on the Longer term analysis and the shorter term analysis the way I see it. Looking at the weekly instead of the daily as I previous looked at the daily it would seem if we maintain current price levels to the end of the week above 43k we are back in bullish territory, There is a long time to go as we technically are still playing the cloud which is a "no trade zone". It is possible however remember in the daily breakdown I indicated that 43k was our next support level on the daily candles, we can wick down right before the weekly close this would mean we still are in the cloud. This will be our primary long term indicator using the weekly candles to guide us to the promise land and the wagmi. Pray for the weekly close to be above 43k then break down into smaller time frame candles to pick your buy in.

Rule of thumb with the cloud:
1Below the cloud bearish
2Above the cloud bullish
3In the cloud no trade zone
Conversion line above Base line bullish
Baseline over Conversion line bearish
Cloud shows support and resistance levels, as well as momentum and trend direction
Cloud on longer time frames such as a month or year are irrelevant as the price can remain above the cloud or below for an extended amount of time

It is always good to zoom out if you are trapped in the the daily candle analysis as the is more input data on the longer candles for analysis, the more data input the less error you will have.... hopefully if your doing it right.

"My wife was never really gone if we close over the cloud."

-KewlKat