noam_chom

WH fractal shockwave breakdowns - beta and Alpha phase

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
targets near 2700 - 3k range before the end of the year
Trade active: note that the location of the 4 scoop range is not x-axis accurate (because this is a lower timeframe candle chart - wait for mid-Dec to mark off or keep
Comment: continues to step its way down toward $3,000 scoop zone

Comments

actually your ichimoku is bull
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noam_chom GreenValleyTrading
@Sessay, thanks and correct, but i trade on Ichi as leading, not current bull/bear status. Notice that now the bull ichi has materialized with the call
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@noam_chom, It will soon go to 4400

You can't base your strategy on ichimoku only, even if it's a complete tool, just saying. I also advice to use different ichimoku periods for volatile markets like crypto.
20 60 120 30 is a well known config
I personnaly use 21 55 144 34, since they are fibo suite numbers


Reply
noam_chom GreenValleyTrading
@Sessay, slowly walking its way down toward $3,000
Reply
noam_chom GreenValleyTrading
@Sessay no $4,400 as suggested on the 3rd. keep in mind that this is a Bear Market Recession. Majority of your Chart harmonics will breakout negative (rather than positive). You can be a perma-bull on crypto fundamentals, but risk losing tons of money if you always delude yourself to think the price always wants to go higher
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@noam_chom, i'm not permabull, I was just looking for a temporary bounce that not happened, I'm short since support breakout
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