It looks like the people on this platform don't want to learn anything by themselves so they have to watch others to do the technical analysis for them. I must say that Ichimoku Kinko Hyo can look like a very hard indicator to learn, but it's not. Actually by using it you can in just a few seconds pretty much read from the graph everything you needed to know. Please study it and stop consuming bad steemit content. Ichimoku Kinko Hyo works very well in the forex markets and it works pretty stable in the cryptocurrency markets too. It doesn't even matter which timeframe you choose.
This is Bitcoin/Tether chart from Tradingview. Timeframe is 1D (day). As you can see the price movements are happening in the kumo (cloud) now so what you should do is to wait for:
- kumo twist (it will help you to identify the trend and future price action)
- if you don't want to wait for kumo twist you should wait and buy on kijun sen (the red line below the candles - it's not really visible)
I mean this is pretty much it for a daily graph. You could also draw some lines to have a better entry, but with Ichimoku Kinko Hyo it is not really needed.
I could then go to lower timeframes and do an analysis on 4H graph too, but I guess this is pretty self-explanatory.
This post was made to show you that if you have the experiences you can write a post like this in less than a hour. Making technical analyses need to be quick because in the markets you need to react fast. Do you think posts like this one are worth so much that they have to be in the trending tab so often? The answer is no.
Follow me for more great charts. Steem power rewards from these posts will be used to upvote good steemit content and to flag spammers.
Also don't forget to vote for witnesses. Don't just pick from the top 50, but try to vote for people outside of the top 50 that actually care about the platform. You can also set me as a proxy and I will do it for you. Thank you!