A Nice Entry Point

14 May 2020

BTCUSD shows a good entry point on 4H which the price and the chikou span closed above both the cloud, tenkan, and kijun line. A perfect bullish sign with moderate to low risk, but it's a fair exchange with early moves to catch a good profit. MACD also shows a good momentum on this signal provides even more higher confidence that the price indeed is bullish. Continuation of this pattern will be reflected on 1D charts which is a perfect signal of the bullish sentiment, which in turn will be reflected in 1W charts which is also a perfect signal of 2017 bull run will make its attempt to reappear.

For exit strategy always checks if the price on 1D closes below the kijun / slow line and the MACD shows negative value while doing so.

This is a personal analysis, not meant as any kind of financial advise.