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shack4
Oct 16, 2014 10:03 PM

Using Ichimoku Clouds to analyze Bitcoin Short

Bitcoin / U.S. dollarBitstamp

Description

According to the Ichimoku indicators shown in the chart, and analyzing each of the signs given from an Ichimoku Cloud, we can determine that Bitcoin has entered a Bear market given the presence of Strong Ichimoku indications.
Comments
norok
The TS/KS cross is a bullish signal.
ChartArt
Doesn't this TK cross where the blue line is crossing above the red line signal a bullish market (soon)?
shack4
Yes it does, I normally use Coinigy where I have my red line as my T, and blue as my K. I'm not sure how to edit this though
ChartArt
The last three TK cross bullish signals:

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