I love Ichimoku clouds given they are one of the few indicators where just a little visual representation can say a lot. That's rare. In this case, entering the cloud means an extremely highly likely hood it will go end-to-end.. meaning this will extend to the top part of the cloud. This is because the cloud represents a gap in resistance.. meaning it the top portion would be the next major point of resistance.
Drop a follow if you want to see this play out.. and criticize me or any of the charts so far for being completely right.
Nice one :) Was curious: what are the indicators you have on your charts? are they publicly available? Unfortunately I've had no luck finding them
Shadowlytics
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@verybadwizard, Hey man, this is a custom script but the philosophy isn't my own. Checkout the Ichimoku indicator. That's all it really is. It's a well-established indicator that takes a lot of information and represents the data well. For crypto, you'll want to tweak the standard settings to the ones I have here (20,60, 120,30). It works great on lots of different timeframes but I prefer 4h and 1d. I'll dump my greatest insights around it into a different post. Cheers!