Ichimokou: ATVI weekly TK Recross? It appears that Activision is about to do a TK Recross (above cloud) on the weekly chart.
TK Recrosses are some of the most bullish signals I know, and some backtesting seems to show that it has been a successful signal for entering longs.
In my opinion, we could be about to see another TK Recross. What I find peculiar about this one is that it looks quite similar to the one which happened in January 2017 and led to a 45% increase in price.
"Whatcha think?"
Note: I'm quite new to trading, but I want to mention that I owe most of what I know about trading the Ichimoku cloud to @Iamsatoshi. If you agree with my views or want to know more about cloud trading you should definitely check his channel.
Carpenoctum
ETH Ichi analysisETH found short term support on 2 hr cloud, and got rejected by the Kijun (red line). A break of TK could give a small boost and if support holds, continue to 1000 $. Still not very strong though. Another rejection at 2 hr TK, will bring ETH down to test cloud support. If that is lost the momentum downwards could increase. In other words, still a no-trade zone. The 4 hr Kijun is still around 600 $ and could provide a bounce for a bullish move. A strong Kijun bounce is a buy signal. We will probably test that again.
Key levels: 600, 580, 550, 530 $.
Trade carefully, this is not advice.
GBYTE - Great store of value for next correction?Most people's ALT's took a hit over the last week. But GBYTE has been particularly resilient to FUD, as well as the BTC correction. If the trend GBYTE has been on since the start of December continues, we would see 1GBYTE = 0.2BTC by end of March, when a favourite BTC hawk of mine, @CARPENOCTUM aka #33kMoku, predicts another major correction.
I'm considering liquidating all my ALTS in late march, and moving everything into GBYTE during the crash.
oops - 6th Jan high for BTC / GBP should read £12,959 not £15,564)
Thoughts anyone?