I don’t like this break.
To mutch bear divergence before.
Waiting for a big break on the two blue line before taking position.
And for now i bet on a short before a long.
The chart Will give the answer.
The chop is ultra full in Weekly and Daily.
BTC is red red.
Ichimoku Cloud Red
Really close from the botom of the trendline
Really close form the botom
If both of them broke ... We will see lot lot lower.
Here is an exemple of my best strategy at the moment.
Work on every pairs i try.
Perfect on 30' chart.
1- First RED/ Green Big point
2- Bear or Bull signal (In the same indicator)
3- D and divergence (Green or Red) with torys rsi
4- VMC Dot Red or Green
All of them need to be align.
Take the position with the stop limit at the last (Highest / Lowest...
We have a break and a test for the trend line.
But the chop is empty. Need to recovere.
We are still in the down moove.
And for me it's too soon for hoping a bounce.
We need more downfall and fear to have a big moove.
If reject take a short to 39200.
The map is red, but we have a really small ichimoku cloud on the 1 hour frame.
Maybe a small rebond with this patern ?
Look for the 3 touch on the trendline bellow.
Whatever i think only about a really small long.