Long
Early Edge to Edge Ichimoku Trade on STRATBTC (1D)
Short Term Bullish Thesis
-Anticipating upcoming bullish TK cross
-Price has closed/held within cloud
-Price has held at Kijun
-Volume is better than last week
-One week straight of higher lows
Known Risks/Bearish Counter-Thesis
-Altcoin/Bittrex (low liquidity)
-No bullish Kumo Twist
-Bullish TK cross may not happen
Laddered Entry Range*
0.00003988 - 0.00003896
*To optimize R/R, position size should scale higher with better (lower) entries
Stop Loss Placement
-Generously below Tenken
-Below last 3 days of wicks
-At the point where the the higher lows trend would be invalidated
-Significantly below the bearish kumo cloud
-Anticipating upcoming bullish TK cross
-Price has closed/held within cloud
-Price has held at Kijun
-Volume is better than last week
-One week straight of higher lows
Known Risks/Bearish Counter-Thesis
-Altcoin/Bittrex (low liquidity)
-No bullish Kumo Twist
-Bullish TK cross may not happen
Laddered Entry Range*
0.00003988 - 0.00003896
*To optimize R/R, position size should scale higher with better (lower) entries
Stop Loss Placement
-Generously below Tenken
-Below last 3 days of wicks
-At the point where the the higher lows trend would be invalidated
-Significantly below the bearish kumo cloud
Note
Setting a break even stop on this one
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.