I've been watching for a setup on a lower timeframe to confirm the Daily 50% level. See last post for the broader Daily view as to why this level is significant.
Once the trade starts going in your direction (as it is now), do you move your stop loss to your entry point? Or do you keep the original stop?
TKfx369
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i would wait for candle confirmation below 46200 to sell
bluesky71
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Thank you. would love to see 1D cloud, price and lagging span.
UnbearableLightness
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I agree on the sentiment + setup, but I expect some fuckery price action
peterbhc
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I've been waiting for your post about BTC being above the 1D cloud (both price and lagging span). I remember your video you did about bullish and bearish sentiment with that signal.
norok
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@peterbhc, It is above the cloud but the problem is this resistance level created by the 50% of the down move. That was not much profit to be gained in the daily breakout of the Ichimoku cloud for the bull side. Sometimes even when you have a "high probability" setup like a cloud breakout it is not worth it because of reward-to-risk ratio.