The BICHI strategy

Today I will talk about very powerful strategy used by so many crypto traders to easily analyze the price of a crypto access, if you can remember vividly in my last post I said about adding other indicators to make your crypto analyst much more clarified and easier.

Source

The BICHI strategy can easily be defined as the strategy of joining two very advanced and efficient, effective technical analysis tools which are popularly known as "Ichimoku Kinko Hyo" and the "Bollinger Bands" in the crypto market, this technical analysing strategy can be used to successful predict, monitor, analyze and use the movement of crypto asset, trend or signal at any moment in the crypto market.

Recently I spoke about the the Bollinger bands indicator, the Bollinger Bands technical strategy generates a awesome support and resistance for price movement at the time of use. So therefore it calculates bullish and bearish signal over the time which means its produce either an uptrend or downtrend movement of the crypto asset in certain time.

The second is Ichimoku Kinko Hyo which is known to consist of so many types but for this reason I will be writing about "Lagging span" popularly called the "Chikou Span". It's very important because it can be used to professionally identify the starting point and end point of a trend, and also the trend reversals of a crypto currency at a particular time. The combination of this two powerful technical analysing techniques would generate a clearer trading signal.

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Identification of Trends using the BICHI Strategy

Uptrend.

As we all know that an uptrend has to do with the upward or bullish movement of crypto asset in a short or long period of time. For crypto asset price to be predicted to move towards an uptrend, in a crypto market, the Bollinger Bands technical indicator would be noticed moving upwards while the simple moving averages of the Boilinger Band indicator would be seen working as a support line for the trader. While the Chikou Span indicator can be seen telling traders about the bullish trend before it begins and after a while they price chat follows the Chikou Span indicator as seen below 👇

Steem/USDT 4 hours chat

Downtrend

As we all know that a downtrend has to do with the downward or bearish movement of crypto asset in a short or long period of time. For a crypto asset price to be predicted to move towards a downward in a crypto market, the Bollinger Bands technical indicator would be noticed moving downward while the simple moving averages of the Boilinger Band indicator would still be seen working as a support line for the trader. While the Chikou Span indicator can be seen telling traders about the upcoming bearish trend trend before it begins and after a while they price chat follows the Chikou Span indicator as seen below 👇

Steem/USDT 4 hours chat

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In Conclusion

In conclusion this sort of tool are really used because, it's used by only professional who properly understand the tool, it's on of my favorite ways of detecting price movement of an asset.

Note: All images from Tradingview app