Ichimoku CloudToday i am gonna show you why you have to use ichimoku cloud with CME and why you should avoid it with Futures or Spot trading. ( Unless you don't change settings in Ichimoku )
if you keep Ichimoku with his original settings, they are adapted for a closure of the markets every Week-Ends, that's why ichimoku is mostly used in Forex or Stocks.
What about Bitcoin ?
- CME are closing on Week-end that's why you can see a GAP every weeks.
- Perpetuals Futures never close ( That's why they call them perpetuals :D )
- Spot Margin Never Close also
- i used H12 Timeframe + i kept only the cloud
- So now you just compare the 2 Charts and you will get very fast the aberrations between CME and Binance Perpetual Futures.
- Those little anomalies can drive you to make some big mistakes while using the cloud, so Stay Safe!
And remember that "The sun always shines above the clouds!"
Happy Tr4Ding !
Ichimoku_trader
EURUSD SHORT 1.216 TARGET 1.212 TO 1.206price is breaking the 4 hr kijun , The next support or attraction price 1.212 daily kijun and if momentum keeps on down it may bounce on the dailly SSA at 1.206 or 1.205.
Needless to say that my real target are 1.198 and 1.182 because they are equilibrium levels at the weekly time frames, but that is another story , let's first how this trade goes.
Good luck
Bearish Ichimoku view of Bitcoin on the dailyBTC on the daily
Price is forming a P-wave and is soon be breaking to the up or downside. Highs are gettings lower and lows are getting higher.
Price is below TS, KS and Kumo meaning that the market is bearish in short, midterm and longterm.
Chico Span is below the candles indicating bearish momentum.
On the RSI there is hidden bearish divergence (trend continuation). Wile price makes lower highs, RSI shows higher highs. The trend continuation would be to the downside.
If price can break heavy resistance on up or downside, the ultimate targets are as below:
Target upside: 50606 $
Target downside: 23999 $
Price analysis Eur/Usd at the same with the breaking of the bold white trend line(dash line) and the stabilization of the price below this line and the registration of the new Low, we are witnessing a down trend . If the price can not be stabilized above the yellow horizontal line (1.221705), it creates the lowest low and can reach the targets (1.21546 / 1.21376 / 1.2190 / 1.20841 / 1.20696), respectively, and if above the line Stabilize and cross two resistors (1.22110 / 1.222203) in a bullish trend . The downtrend is more likely to continue, but the uptrend is also likely to occur . FX:EURUSD
Etherium - Next stop $2662Etherium started falling massively yesterday although my Time calculations suggested today as a day of the first fall. I think Elon got something to do with it :) We can observe a beautiful Head and Shoulders pattern indicating that the bottom of that fall will be at around $2662 USD and that is where I'll be taking profits from my short positions. Everything looks and behaves very technically and is worth paying attention to. Similar situation on BTC.