This might be a good moment to step in if you want to catch the wave up to the recent highs around the 12-13k mark. The previous three times the Ichimoku Cloud crossed green there was a lot of bullish momentum. If you are familiar with this technical indicator you will be aware that for an Ichimoku Cloud Cross to be valid you have to keep three things in mind when debating whether to open a long position.
1. Do not take a trade if the price is within the cloud. If the price is in a cloud that indicates that the price is currently in a squeeze.
2. Conversion line needs to be above the base line.
3. Lagging span needs to be above the cloud.
BTC currently has all of these three indicating a bullish movement might be ahead.
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1. Do not take a trade if the price is within the cloud. If the price is in a cloud that indicates that the price is currently in a squeeze.
2. Conversion line needs to be above the base line.
3. Lagging span needs to be above the cloud.
BTC currently has all of these three indicating a bullish movement might be ahead.
Follow me for more trades in the future. I trade Stocks, Crypto and indexes over multiple time periods.