ETHBTC 4hr Ichimoku Cloud Break-up - Possible Buy Signal with 0.02 target if DAO attacker sleeps in
I follow ETHBTC with the Ichimoku Cloud Tenkan-Kijun Crossover strategy. It doesn't allow the trader to perfectly capture a price swing, but the bulk of the move is signaled by a consistent close above/below the cloud. We only enter the trade upon confirmation and ensure a higher chance of making a profitable trade by waiting for this confirmation signal.
I have identified a cloud cross-up on the 4 hr chart: https://www.tradingview.com/x/y6dneFtC/
There has been a consistent close above the cloud in the 4 hr time frame. My interpretation is that the trend up is gaining strength. There was a good amount of trading that occurred in the 0.0175 area, where we are now and may stay for a while. I have identified the next resistance level between 0.02 and 0.0205 based on previous cycle lows/highs.
All this is just speculation, of course. Who knows when the DAO attacker will strike again. For that reason, I will use a stop according to the amount of risk I can tolerate.
Grеаt аrtiсlе
Grеаt аrtiсlе
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