Consolidation times are among us and we'll return back to a bull market within one more week or two. This is the ((weekly)) chart with a TD Setup indicator. From the 9 sell we saw a multi-week (Blowoff top) and went up 60 some percent, then we saw a correction and went down 50 some percent. Now Btc is balancing and consolidating. Then back up.
Happy trading. ~J
This is not advice. I don't need to be right or wrong. I don't care if the market goes up or down. Make your Own analysis and trade off of that. If you have positive, constructive criticism and wish to share, Please do. Agreeing or Disagreeing is not personal and is welcomed in a positive way. Remember to go outside and get dirty or climb a tree sometimes.
@Anka777654321, Hi Anka, how i trade with the Ichimoku is, a TK cross below the cloud is a weak bull sigh, in the cloud a natural bull sign, and above a strong sign. How do you trade it? That's all reversed from the other side of the cloud of course.
JohnnyJi
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@JohnnyJi, We're talking about a Tenkan Sen / Kijun Sen cross.
Anka777654321
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@JohnnyJi, I don't really use ichimoku, but I acknowledge it's presence. From my understanding of it there was no TK cross even below the cloud yet. Price is also below the potential cross, so even if it did cross it's nowhere near bullish...
JohnnyJi
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@Anka777654321, correct, it hadn't happened yet but was getting very close. "Something to watch"