Looking fro price to go below the kijun and retest, then keep going further. I will enter on the retest.
Usually price is drawn back to the Kijun and it acts as dynamic support. I am playing this Kijun bounce by adding now and a littl bit later if it bounces again.
Looking for price to break out of the cloud and close within 1 ATR of the cloud. Will then add to my position if it retraces back to cloud and bounces off.
1 Hour: RSI: seeing multiple Hidden Bull Divs and single Bear Div Signalling Continuation upwards. Ichimoku: Price has stayed above a bullish cloud and continues to stay above the kijun signalling a strong trend (except for a quick drop and immediate recovery). Horizontal Resistance: next two levels to break through are 7135 and then 7496 4 Hour:...
Refer to text on chart.
Twice failed to break the top. bearish ascending triangle. RSI never went above 62 on RSI indicating bear trend. Bearish Kumo Twist on Ichi. >>> www.tradingview.com Resistance above on 4 hour Kijun and incoming Bear recross. Fundamentals: Mt. Gox may return some of the coins back to customers soon. possibly around 160,000 coin. FUDDDD.
I think the bearish trend will continue for these reasons: Below red cloud, hidden bear divs on OBV and RSI, and apparent bounce off the Kijun. If there is a bearish engulfing candle confirmation I will enter and put my stop loss above the Kijun. I will use ATR to resist any violent wicking up.
Ichimoku Trend Trade Tactics (Youtube Chaos trader 63 for more info) signals downtrend. Entry set right below resistance. Strong Bear Volume. Recently bounced off the top of the large falling wedge with bearish candle confirmation.
I am going long here based on an Ichi trading system (watch Josh O and Chaos trader 63 on youtube for more info on that). I am using the 4 hour to help me determine my high target, the 1 hour to determin trend basd on Ichi system, RSI, and Stoch. I have set my stop just below the Tenkansun on the 1 hour. Price will have to go through the Primary cloud support and...