Cryptofam 2.0 Ichimoku....Ichimoku....Ichimokumokumoku
As we have established an entry point for our trade at 5400-5600.
We continue our analysis on the ichimoku cloud as we believe
this cloud will determine when we will be able to enter
position.
Previous price history shows a drop into green portion of the cloud. Typically, when this happens,
the Stochastic RSI is also typically oversold at levels under 25%.
We will continue to follow our trade strategy of taking our long position as the stoch RSI trends upward into the 20% level.
We are adjusting our entry price to 5500 based on previous pattern pricing history.
Currently we are seeing a bearish divergence between price action and the stoch RSI and RSI which would indicate a trend reversal,
hopefully as in the previous patterns.
As we have established an entry point for our trade at 5400-5600.
We continue our analysis on the ichimoku cloud as we believe
this cloud will determine when we will be able to enter
position.
Previous price history shows a drop into green portion of the cloud. Typically, when this happens,
the Stochastic RSI is also typically oversold at levels under 25%.
We will continue to follow our trade strategy of taking our long position as the stoch RSI trends upward into the 20% level.
We are adjusting our entry price to 5500 based on previous pattern pricing history.
Currently we are seeing a bearish divergence between price action and the stoch RSI and RSI which would indicate a trend reversal,
hopefully as in the previous patterns.
Comment:
Charts are showing an entry date of May 9-13
Comment:
FUNDAMENTAL SUPPORT:
It is our objective to support this trade with fundamentals from various news sources. We believe that NEWS has an effect on the market.
For us,
If news is NEUTRAL, this is a preferred condition to enter a position.
If news is BULLISH, we will increase price targets and entry points accordingly
If news is BEARISH, we will wait until news provides us with a NEUTRAL or BULLISH CONDITION
www.newsbtc.com/2019...ice-could-test-6500/
It is our objective to support this trade with fundamentals from various news sources. We believe that NEWS has an effect on the market.
For us,
If news is NEUTRAL, this is a preferred condition to enter a position.
If news is BULLISH, we will increase price targets and entry points accordingly
If news is BEARISH, we will wait until news provides us with a NEUTRAL or BULLISH CONDITION
www.newsbtc.com/2019...ice-could-test-6500/
Comment:
FUNDAMENTAL UPDATE: STRENGTH AS BTC hit 16 month TRANSACTION ACTIVITY HIGH
www.cryptoglobe.com/...-price-keeps-rising/
www.cryptoglobe.com/...-price-keeps-rising/
Comment:
Aggregate fundamental NEWS from trading view is very positive.
Comment:
Price is now 5600. Stoch RSI is trending down. We will take a long position as soon as the Stoch RSI approaches 20%