This chart shows the settings that I use with Ichimoku and bitcoin. It's based on the settings (10, 30, 60, 30).
Originaly Ichimoku settings are (9, 26, 52, 26) based on this statement : "As a result, the number nine represents a week and a half of trading; 26 equals the number of trading days in a typical month (30 minus four Sundays); and 52 equals two months of trading days."
For bitcoin the market is open 7 days a week every month. - 1st number : 7+3.5 = 10 (better because of low volume on sunday) - 2nd and 4th numbers : 30 days in a month - 3rd number : number of days in 2 month : 2*30 = 60 days
I am open to any kind of suggestion.
Comments
methodx
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I've heard 20 / 60 / 120 works well for crypto markets. It takes your adjustments and doubles them. Apparently it gives a "cleaner" look at what's going on.
emiliolb
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Hi,
Thanks for sharing... this configuration is for which timeframe?
Regards!
emiliolb
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I see in the chart 4 hours... does it support a small timeframe?
LeMogwai
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This chart support is just showing clouds for every timeframe.
for example 10,30,60,30 is for the current timeframe, in this case it's the 4h time frame so it show the 4h cloud.
20,60,120,60 is the 2* the current timeframe, in this case it show the 2*4h = 8h time frame.
MrJozza
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Next stop: 150?
LeMogwai
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will see, the top of the 30h, 40h and 2D clouds is 160 so with some luck it could be there.