Breaks of the 1D Ichi cloud for BTCUSD have generally lead to long term moves, as have bounces off their support. Next few hours will be key, if the Ichi cloud break holds to the next daily candle, I'd imagine we go to ~1200 without any problem.
Key after is whether we want to shoot through to new highs or let the MACD reload, let the Bbands tighten, fake some indecision and then shot back up (maybe a quick fakeout dip below Ichi clouds).
If the break of the Ichi cloud today doesn't hold, I expect the start of the next leg down. Watching where the daily today ends.
Key after is whether we want to shoot through to new highs or let the MACD reload, let the Bbands tighten, fake some indecision and then shot back up (maybe a quick fakeout dip below Ichi clouds).
If the break of the Ichi cloud today doesn't hold, I expect the start of the next leg down. Watching where the daily today ends.
Trade active:
Opening a short term long position till next decision point. Tight stops (crypto-tight).
Trade closed manually:
Still sticking to my projections but closed my short term long yesterday around 1200. Waiting for the next entry on bounces around the consolidation area shown or on a strong trend line break
Comment:
Strong trend line break as expected! Going Long.
