Honestcowboy

Kumo breakout on BTCUSDT daily

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
This is not the cleanest Kumo-break you can get as not everything says bullish . For example the Tenkan-sen is below Kijun-sen and laggign span has a high chance on finding resistance in next couple days when touching previous bullish move. I would not allocate alot of capital to this trade as it is not a perfect kumo break. However it will probably have it's impact on BTC as ichimoku traders entered the market here.

According to hosoda wave theory N-target would be 48241. This is the point where the N-wave completes.
Move stop with Kijun and keep trailing it below Kijun in the coming days.
I would also advice to take some profits at past fractal level: 45421

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.