I wanted to touch-up on some other ways to use the Ichimoku cloud. Full disclosure: I did not make this trade, this is only using past price movement to study different ways to use the cloud.
WHAT ARE EDGE-TO-EDGE TRADES??
To put it simply, they are trades in which you enter the trade in a downtrend, typically, with the intention that the price climbs to the other side of the cloud. I've use RADS/BTC as an example:
https://www.coinigy.com/s/i/5a72babb59b3c/
What I'm looking at:
1.) The conversion and base line began to squeeze together (see chart). The price bottomed out as that happened.
2.) Bullish TK cross occurs at the top of the cloud
-Typically this is when you would enter an edge-to-edge trade.
3.) Dump back down to base line level.
-This is when the strong hands are shown. you're at breakeven here and can recognize support levels and can possible buy some more or you can just hold.
4.) Breakout through top of cloud
-This is usually an exit point if you are strictly trading technicals on this system (many bots are).
Let me know what you guys think! I left the coinigy link so you can zoom in if you want.
TWITTER: twitter.com/southparkcrypts
YOUTUBE: @cryptojimmy
https://www.youtube.com/channel/UC4iKbpD8ciEiN46AcGajUvA
BTC TIP JAR:
14soFE4yTKHZTE1aRUcXmTTeRmN3RLba4j
LTC TIP JAR:
LP5x8JpLYHratX6LVNY9sNUnUy3SL57CqN
ETH TIP JAR:
0x359637a4197D7ec9787DFaAE2316C55b943C3ECF
****NOT FINANCIAL ADVICE ONLY OPINIONS BASED ON TECHNICAL AND FUNAMENTAL ANALYSIS!!!!****
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STOPYou are using images from other websites. Can I flag your posts ? The content owner doesn't earn anything from your posts. Only you do. You cannot steal others content.