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RE: Bitcoin Rally Possibly Exhausted.

in #cryptocurrency6 years ago

I put a little bit into bitcoin each month no matter, but that is because I am using it as a utility coin for trading--before that it just kind of set there. I'm pretty new to trading, but the method I like is the Ichimoku. Those indicators agree with you from what I can tell. We are still bearish and the future cloud is staying that way. Thank you so much for this post! Sometimes I feel like I'm going crazy because so many keep preaching the return of the bulls.

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Hi @jeseil, I've never used the Ichimoku cloud, has it yielded good results so far?

I'm really new to it, but I am making more than I'm spending. I'd guess for me it works about 60% of the time. I want to think someone with more experience with it will have better results than that.

I am glad to hear that you're profitable man, that's what counts at the end of the day. If you're using Trading View, you might want to look at Volume Profile too, it's really useful to read the architecture of a market. Cheers!