Pre-flight checklist for trading w/ Ichimoku: 1. Price versus the Kumo = bearish or bullish 2. Type of territory = bearish, normal or bullish territory 3. Tenkan Kijun (TK) Cross = bearish or bullish cross 4. TK Cross signal strength = weak, neutral or strong signal 5. Chikou Span vs Price = bearish or bullish 6. Kumo Future = bearish or bullish
TL;DR Bullish TK Cross but: * Market sentiment is still bearish * Weak signal strength (below Kumo) * Bearish Chikou, below price of 26 periods ago * Kumo Future still bearish
Hence, no trade atm.
Thoughts? Thanks
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Adding TrendMaster, Heikin Ashi candles and Stoch Momentum Index... still bearish.
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Trade is on ONT ETH
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Heikin Ashi candles + TrendMaster system giving a possible bullish signal if signal candle closes and confirms
However, still a weak signal strength on the TK Cross along with: * Bearish Chikou * Bearish Kumo Future
Trade closed manually
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Created another idea with ONT ETH pairing,
Signal candle just printed via TrendMaster few days ago. Will backtest the system on this one :fingers_crossed:
It s really sad that all shit..coins are up like crazy except ont, shouldn't move right now, I am afraid it will go down as there is no up movement at all, any explanation why it s the only coin red on binance?
cryptotaku
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@Etherpro, same here—not too sure. Best guess is usage as its a currency.