Ichimoku XRPBTC trend direction and equilibrium simple study.
#AltAreBack, everybody says it since some weeks, but we still didn't experience any massive multi-alt pump that could really justify it.
XRP is the third crypto here and has shown interesting dynamics during the last days.
A simple ichimoku setting is shown on the chart. What we look for is a settings and an indicators able to highlight the major trading changes on the XRPBTC currency pair.
What is noticeable on the cloud is firstly the position of the price between the 2 vertical lines : it NEVER goes above the cloud.
The second thing we can see is the proportion of time below the cloud. Price stays below during the wide majority of the corrective time.
The chosen setting has to frame as tightly as possible the actual corrective wave.
So 1st thing : We have an ichmoku setting that gives us all signs of being appropriatly saying when we trend up, and when we trend down.
2nd thing : Price broke out of the Kumo.
Conclusion : Start to accumulate, and choose stops and further entry signals. :)
Good trade !
XRP is the third crypto here and has shown interesting dynamics during the last days.
A simple ichimoku setting is shown on the chart. What we look for is a settings and an indicators able to highlight the major trading changes on the XRPBTC currency pair.
What is noticeable on the cloud is firstly the position of the price between the 2 vertical lines : it NEVER goes above the cloud.
The second thing we can see is the proportion of time below the cloud. Price stays below during the wide majority of the corrective time.
The chosen setting has to frame as tightly as possible the actual corrective wave.
So 1st thing : We have an ichmoku setting that gives us all signs of being appropriatly saying when we trend up, and when we trend down.
2nd thing : Price broke out of the Kumo.
Conclusion : Start to accumulate, and choose stops and further entry signals. :)
Good trade !
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