KGN BULLISH CLOUD BREAK TRADE - ICHIMOKU CLOUD.
- FOLLOW THE RULES EACH TIME AND LETS WATCH IT UNFOLD.
-- ICHIMOKU TRADING SYSTEM MOMENTUM BASED TRADE
--- ENTRY $4.60 -. NO TARGET LETTING IT RUN AND EXIT ON KIJUN SEN BREAK OR FRACTAL BREAK.
-- MY STOP LOSS IS JUST BELOW TOP OF THE CLOUD.
- WILL UPDATE AS IT PROGRESSES.
*NOT TRADING ADVICE TO BE...
TA Update & Thoughts on BTC Looking at our Indicators:
Where have we been with btc, after falling pretty hard and everything being in the red we fell down to the fibtrace level (dark blue line) and bounced off it. Look at the amount of action all the way back to last year, bounced right off that significant level.
Moved upwards and we are crossing the downtrend...
Everything is in the red right now and looking at the chart what do we see here.. is there any light at the end of the tunnel?
Big red cloud with price sitting below the cloud meaning bearish.
Take a look at the blue and brown lines and see how after the cross (TK cross) in the cloud (where indecision always occurs) on the 4th May 2018. Price fell and the lines...
ALL THE CAHRTS LOOK THE SAME.WE ARE GOING DOWN FOR A WHILE.
BUT IM GETTIN READY FOR THE BOUNCE,
AND SOME PROJECTS MAYBE WE ARE GETTING SOME WHOLESALE PRICES? SORRY FOR THE CAPS.
*For my own educational purposes not trading advice*
JUST AN IDEA. MAYBE VOLUME WILL INCREASE AFTER THE END OF CHINESE NEW YEAR? WHEN ASIAN TRADERS ARE BACK AND PICK UP BTC ON THE DOWN..
INDICATORS SHOW OVERSOLD.. MIGHT MARCH UP TO RED CHANEL LINES THEN BREAK BACK IF NOT ENOUGH VOLUME..??
I RECKON WE WILL FOLLOW THE RED LINE THO.. LETS SEE WHERE HE GOES >>> WHAT ARE YOUR THOUGHTS?
*FYI This is...