What are the best ichimoku trading strategies for cryptocurrency?

3 answers

• Dec 27, 2021 · 3 years ago
  Sure, using the ichimoku indicator in cryptocurrency trading can be quite effective. One popular strategy is to look for the crossover of the tenkan-sen and kijun-sen lines, which can indicate a potential trend reversal. Additionally, paying attention to the cloud formation and its thickness can give you insights into the strength of the trend. Remember to always consider other technical indicators and market conditions to confirm your trading decisions.
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• Dec 27, 2021 · 3 years ago
  Well, the best ichimoku trading strategies for cryptocurrency really depend on your trading style and risk tolerance. Some traders prefer to focus on the kumo breakout strategy, where they look for price to break above or below the cloud to signal a potential trend reversal. Others may use the chikou span to confirm the strength of a trend. Experiment with different strategies and find what works best for you.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using the ichimoku indicator as part of your trading strategy. They suggest paying attention to the kumo twist, where the senkou span A and senkou span B lines cross over each other, as it can indicate a potential trend reversal. Remember to always do your own research and consider multiple factors before making any trading decisions.
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