All indicators turned bullish one after another: - TK crossover: 20th of Dec - Kumo twist, price breaking into kumo: 25th of Dec - Kumo breakout: 29th of Dec - Chikou Span above price and cloud: 6th of Jan
6th of Jan marked a great long entry with all signs bullish. Price was 0.05874 then and currently it is 0.10946.
Excellent Analysis of ETH/BTC pair using Ichimoku Kinko Hyo system “one look equilibrium chart” - My favorite indicator for trading FX and Cryptocurrencies.
You have illustrated in this example how to trade using Ichimoku Cloud AND how to use the Ichimoku system to provide you with the trend reversal indications and confirmation signals to setup your Entry point. I am myself, a student of the Ichimoku Cloud system as it is such a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum. With one look you can see if the market is in/out of equilibrium, what the market has done, is doing and in all likelihood may do in the future.
- I see you use the default Indicator settings 9 day, 26 day, 52 day, 26 day. As crypto trades on a 24/365 market and thus 7 days a week..
Have you considered experimenting with the value's as follows:- 10,30,60,30 day OR 20,60,120,60 day ??
You have illustrated in this example how to trade using Ichimoku Cloud AND how to use the Ichimoku system to provide you with the trend reversal indications and confirmation signals to setup your Entry point. I am myself, a student of the Ichimoku Cloud system as it is such a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum. With one look you can see if the market is in/out of equilibrium, what the market has done, is doing and in all likelihood may do in the future.
- I see you use the default Indicator settings 9 day, 26 day, 52 day, 26 day. As crypto trades on a 24/365 market and thus 7 days a week..
Have you considered experimenting with the value's as follows:- 10,30,60,30 day OR 20,60,120,60 day ??
Great job, Thanks for sharing. Good Luck!