Looking at the Ichimoku cloud 3 out of the 4 long signals are bullish and the last one is on the cusp of being bullish.
The long entry signals:
1. Price is above the cloud
2. The cloud is Bullish (Green)
3. The lagging span is above the cloud
The one signal that has not occurred yet is the TK cross, but I feel like its only a matter of time for the cross to happen.
Areas where to enter:
The TK lines which are : 74.99, 73.50
The 21 MA: 67.89
If you want a more conservative approach wait for the TK lines to cross for confirmation
The long entry signals:
1. Price is above the cloud
2. The cloud is Bullish (Green)
3. The lagging span is above the cloud
The one signal that has not occurred yet is the TK cross, but I feel like its only a matter of time for the cross to happen.
Areas where to enter:
The TK lines which are : 74.99, 73.50
The 21 MA: 67.89
If you want a more conservative approach wait for the TK lines to cross for confirmation
Note
Not much really has changed. The FIB lines of .5 correlate well with the TK lines and the .618 line with the 21 MA also. If BTC corrects I think it should tap the 21 weekly MA
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.