hey faggots. quick tip to help you not lose money trading crypto.
the ichimoku cloud WILL tell you if a market is moving up or down. it wont tell you what the price will be but it is the best indicator to gauge which direction it is moving.
a longer timeframe will always trump the shorter timeframe, so before you decide to buy/sell always reference the 1 day on up.
if the price is above the cloud, go long.
if the price is below, go short (or sell and buy back cheaper).
if the price is INSIDE the cloud, hold off and wait to see if it breaks below or above, never trade inside the cloud.
The only thing the cloud cannot predict are current events or breaking news so keep on eye on your newsfeed when trading.
i guarantee you will increase your ROI by abiding to the rules of the cloud. the cloud does not lie.
