The next 3Day candle will start to paint inside the 3Day cloud if price stays above $7009.
The last time we had a 3Day interaction was early March, where there was path-fitting up the cloud body and then a dive from $9900 to $6700 after price broke out of the cloud.
What signifigance the 3Day has on price for the upcoming interaction, I am not completely sure, however I do think that the 3Day has a massive influence on the price, perhaps even without direct interactions. Look at how the price follows the 3Day paths even w/o interaction, as if the price is a puppet on strings.
My running theory is that we will see the same kind of candlewhip that prior 3Day had, with a run up to 8246, and then a subsequent path following and break down out of cloud.
Note
1day,2day,3dayimgur.com/IrMKZ1Q
SNOW_CITY public chat room - Indicator Q&A
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
SNOW_CITY public chat room - Indicator Q&A
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.