Long

Why it's important to do nothing for the moment

Updated

See my chart

Note

October 2016 : price enter in a new configuration - Bears Time
Look the orange square on my chart :
-MACD and Momentum cross zero level
-Price cross down the Kumo Cloud on Ichimoku
-DMI Cross
Perfect time to enter in the market : 6-7-10oct

Note

Durign this time it's important to search the sell signal and ignore Buy signal to minimize the risk:
-You can use the different MA like resistance or Conversion line of ichimoku
-The Conversion line is very powerfull to see resistance/support and re-enter in the market
-Each time the price search to visit this lines. Don't search to predict the time when the price decides to visit the conversion line. You must wait, when the price come to this line it's time to take a decision : TP or re-open a new short position

Note

Now, how to see the end of Bear Time :
Easy look this huge divergence. It's time to TP and to be very careful

Note

When the price cross the conversion line and enter in the kumo cloud, it's time to take beers and wait for strongs signals.

Note

The Grey boxe :
Indecision time, difficult to predict.
During this time you can switch on 4h on search new entry.
You can use MA or Ichimoku to see the levels.
But, I think it's better to wait...

Note

14 March : Time to become a Bear....
-Price break Kumo Cloud

Note

If you use my previous comments you can see another buy signal the 14 march and another wonderful after the gap.
Each time the price visit MA or Conversion Line you must take a decision (TP or re-enter...)

Note

Today, the price is too far of conversion line, the momentum and MACD too high to buy. ADX and RSI stochastic confirm this, we must wait a better entry point.
In my opinion it's important to wait. If you look my previous idea :
Watch this resistance zone to short

The price enters in a very important resistance zone with the MA 200W and 38% fib retracement.

Note

My previous idea in the comments, sorry...

Note

At this level, I'm waiting to see a signal to TP and may be re-enter in the game if we have a strong sell signal. I think we can test the MA200W. I will update my ideas later. If you have any comments, I will be very happy to answer!

UnknownUnicorn1010654

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