The Ichimoku indicator is broken down into many different lines and areas.
To break it down shortly and effectively,
We are looking at very BULLISH momentum in the market due to many factors in the Ichimoku indicator.
Firstly, the LIGHT green line over the price presents to us bullish bias in the market.
We can also take into account the WIDE area of green below called the CLOUD. It is known that the wider the cloud, the stronger the trend.
Then, we can also spot the BLUE line called the conversion line over the RED line called the base line. This also hints to bullish price action.
All these factors indicate bullish movement in the BITCOIN market. Stay patient!
This is only for educational purposes, and not financial advice.
Thierry Hitti
To break it down shortly and effectively,
We are looking at very BULLISH momentum in the market due to many factors in the Ichimoku indicator.
Firstly, the LIGHT green line over the price presents to us bullish bias in the market.
We can also take into account the WIDE area of green below called the CLOUD. It is known that the wider the cloud, the stronger the trend.
Then, we can also spot the BLUE line called the conversion line over the RED line called the base line. This also hints to bullish price action.
All these factors indicate bullish movement in the BITCOIN market. Stay patient!
This is only for educational purposes, and not financial advice.
Thierry Hitti
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.