Long
BURSTBTC - Daily Edge 2 Edge MA Swing Trade - Cloud Reading
Burst is approaching daily E2E territory for a +50% swing trade. Daily StochRSI is correlating well for a high momentum move into the cloud and to the FAMA green edge. I will be entering positions on a good 4HR Heiken Ashi momentum move into/towards the MA cloud.
Ichimoku Cloud Reading:
BURST appears to be gearing up for a 4H Kumo breakout, which is correlating with a C-Clamp trade on the Daily. Price has been ranging on the daily and appears to be making a move above the Tenkan-Sen. When price does this it statistically moves to touch the Kijun, which also correlates to the 50% fib.
If price closes above the Kijun and into the cloud, we have a potential Edge to Edge trade for an additional +50% I have marked on the daily.
4H Ichimoku Cloud:
Daily Ichimoku Cloud:
Ichimoku Cloud Reading:
BURST appears to be gearing up for a 4H Kumo breakout, which is correlating with a C-Clamp trade on the Daily. Price has been ranging on the daily and appears to be making a move above the Tenkan-Sen. When price does this it statistically moves to touch the Kijun, which also correlates to the 50% fib.
If price closes above the Kijun and into the cloud, we have a potential Edge to Edge trade for an additional +50% I have marked on the daily.
4H Ichimoku Cloud:
Daily Ichimoku Cloud:
Trade active
Opening up positions on the good looking 4H momentum candles into the MA cloud.Trade active
+15% so far. Price Progressing through MA cloud as expected.Trade closed manually
+10% Closing positions while BTC is making new highs.Note
I will revisit opening positions based on the next 4H momentum candle since price is forming a white doji.Trade active
Opening up positions based on 4H price action.Trade active
Still holding while BTC is making new gains. TK cross above the cloud is very bullish, and price is ranging around the 4H Kijun / 50% Fib.Trade closed manually
-10%. Closed positions for a total break even trade. Will revisit once BTC finishes making new gains.Trade active
Opening up positions on the white doji created on the 4H chart.Trade active
Holding and waiting. Price is ranging around the green FAMA edge.Trade active
Updated with new E2E target from daily MA cloud.Trade active
Price is making its way towards target. I have updated the arrows to the new value from the daily FAMA edge.Trade active
+40% some propositions were auto closed when price hit target. I have additional positions left open for the potential of another larger e2e trade on the ichimoku daily cloud that could bring a potential +%105.
Trade active
New targets for ichimoku cloud e2e trade:Trade active
Price update, progressing towards target. Currently some positions are +70% from trade 1 openings.Trade active
Ichimoku cloud view of the daily edge 2 edge play. Trade active
Updated Daily Ichimoku Cloud view. Positions currently at +80%.Trade active
+145% and counting. En route to target around +190%.Trade active
+170% a few positions closed to lock in profit on the break of the Ichimoku daily cloud. Price action is indicating a move towards the +190% target and beyond. Will revisit new targets after price develops.Trade closed: target reached
+190%. Taking more profit at target level and letting the rest run on a trailing stop. I'm expecting price to retrace back to the flat daily kumo where I will look at opening up more positions.
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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.