Monero, Wake up !
Double time frame analisis, can you see it ? This is a how to. I am not trading that, I have a long term position on Monero.
Take here TF1 = D1 , TF2 = H6
You can see on the D1 that the simple ichimoku has taken a lot of care about our (virtual) profits (entries on kumo break out, exit when price reenters kumo)
We want :
1. Price > kumo on TF1 (major trend TF) ;
2. Kumo breakout on TF2 (Counter swings TF).
3. TF1 = between 4 and 10 times TF2
When this conditions are OK we enter.
We use H6 to find a faster signal , you can see that the bearish trend line has been broken and that price stands close to the Senkou Span B. It is on the way.
--> Wait and get ready to enter on signal.
Take here TF1 = D1 , TF2 = H6
You can see on the D1 that the simple ichimoku has taken a lot of care about our (virtual) profits (entries on kumo break out, exit when price reenters kumo)
We want :
1. Price > kumo on TF1 (major trend TF) ;
2. Kumo breakout on TF2 (Counter swings TF).
3. TF1 = between 4 and 10 times TF2
When this conditions are OK we enter.
We use H6 to find a faster signal , you can see that the bearish trend line has been broken and that price stands close to the Senkou Span B. It is on the way.
--> Wait and get ready to enter on signal.
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.