Bitcoin: Trade Opportunities through Ichimoku Indicator
Let's look at Bitcoin market through one of the most interesting trend-following indicators Ichimoku. The price is moving in the cloud, and it confirms the consolidation period. Buyers and sellers are not strong, and they don't have reasons to push the price up or down. But the market can't move sideways all the time. This consolidation period will be changed by a new trend movement. The main question is, in which direction the market will be pushed?
Ichimoku is an amazing trend-following indicator. It is simple in understanding which market we have, bullish or bearish. If the price is above the cloud, it is a bullish market. If the price is below the cloud, it is a bearish market. When the price passes through the cloud, we have a trend reversal. When the price moves inside the cloud, it tells us about the range market conditions.
This indicator is awesome also because it gives clear entry points. We can use breakout signals when the price passes through the cloud and reversal signals when the price bounces from its lines.
It is an all-in-one indicator! It is a trading system!
If you look at the daily chart of bitcoin, you will see the trend reversal signal, which gave amazing trade opportunities. This time, we have to wait for a breakout again, and it will be a new trade opportunity.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Ichimoku is an amazing trend-following indicator. It is simple in understanding which market we have, bullish or bearish. If the price is above the cloud, it is a bullish market. If the price is below the cloud, it is a bearish market. When the price passes through the cloud, we have a trend reversal. When the price moves inside the cloud, it tells us about the range market conditions.
This indicator is awesome also because it gives clear entry points. We can use breakout signals when the price passes through the cloud and reversal signals when the price bounces from its lines.
It is an all-in-one indicator! It is a trading system!
If you look at the daily chart of bitcoin, you will see the trend reversal signal, which gave amazing trade opportunities. This time, we have to wait for a breakout again, and it will be a new trade opportunity.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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