Ichimoku Cloud
US30 approaches cloudsI know that the market (price) doesn't know technical indicators, and doesn't know moving averages...
But because I am using the Ichimoku indicator and the term cloud is for convenience and brevity in analysis.
Actually, the market doesn't know Ichimoku's cloud, but this cloud represents the market's sentiment.
US30 still in selling pressureToday I continue to make analysis video about the US30 index.
The daily time frame of the price is maintaining the selling status.
On H4 the price is below the cloud. Future clouds are expanding downward.
BTCUSD waits for price to return to mid-range and sell downBTCUSD waits for the price to return to mid-range and sell down.
On the daily chart, it is in the cloud and is trending down toward the equilibrium price.
On the h4 chart, the price is below the cloud.
Strategy to wait for the price to rally up and continue to sell down. Called sell on the rally.
BTC small short in a rangeDaily chart:
price equilibrium is the 29000 Kijun line, the price is below the Kijun line. Although the daily candle has not closed yet, the current position of the price is entering the cloud.
These two shows that selling is dominating. However, if the price crosses the Kijun line, be careful.
H4 chart:
If the price closes below 28400 and is confirmed, the sellers have the upper hand.
You can enter the sell side with the target at 27800, and stop loss at 29150.