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BTCUSD's Ichimoku Kumo Twist is forming a stronger bull position

COINBASE:BTCUSD   Bitcoin / Đô la
BTCUSD's Ichimoku Kumo cloud Twist is forming a stronger bull sign
Expect more overall sideways consolidation for just a little while longer.

You can see the recent Kumo bounce off of the Kijun representing the short cycle correction we
experienced last night. If you were long and you held despite the stress, good job!

Over and Out

This is not advice.
I don't need to be right or wrong.
I don't care if the market goes up or down.
Make your Own analysis and trade off of that.
If you have positive, constructive criticism and wish to share Please do.
Agreeing or Disagreeing is not personal and is welcomed in a positive way.
This is not a therapy outlet for venting negativity. Go join a boxing club. I like boxing.
Happy trading everyone!!
Bình luận: **Correction**

The Bounce is on the Tenkansan not the Kijun.
There's a lot of factors that come into play with the Ichimoku which is designed to capture 80% of the market trend.

For the purpose of adding contextual fields supporting my TA, I'll say that during the current (slow sideways trend) on the 4h chart, the Blue line is the Tenkansan (first level of support) next is the Kijun (3887 SL) for the next level of support, then the Sekkou Span B and Sekkou Span A which makes up the red cloud. Above the cloud is Bullish below the cloud is Bareish. Inside the cloud is the No trade Zone.

For More info, I suggest a deeper study of Ichimoku before trading on that system. There's a lot more than what I have time to discuss today.
ChaosTrader63 on youtube has some great instructional videos. Paper trading Ichimoku for a few weeks after a week of studying is recommended.

Happy trading!!
Phản hồi
Can you share bit more about how u read the ichimoku?
Phản hồi
JohnnyJi airricpoh
@airricpoh, I am also using custom inputs for the time settings. Crypto should be set to different periods because it's a uniquely different market.
Each line is based on moving averages set at different time intervals and divisions.

If you find any of this helpful please like and follow my profile.

Phản hồi
airricpoh JohnnyJi
@JohnnyJi, thanks for sharing the above. Followed and gonna read up!
Phản hồi
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