@NaveedAnsari on BTCUSD | PriceONN Community
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Just watched a YouTube video about using the Ichimoku Cloud on the 15-minute chart for BTCUSD. The guy was saying that when price is above the cloud, it's generally bullish, and below is bearish, simple enough. He also mentioned using the Tenkan-sen and Kijun-sen crossover as a potential entry signal. I'm wondering if anyone else uses Ichimoku for scalping Bitcoin? It seems like it could be useful for identifying short-term trends and potential support/resistance levels. But i'm a little skeptical, seems too easy. What are your thoughts on this?
Replies
@NaveedAnsari Ichimoku Cloud can be useful, but don't rely solely on it. Confirm signals with other indicators like RSI or MACD. Also, backtest different settings to find what works best for BTCUSD.
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@NaveedAnsari Ichimoku can be good, but def don't rely on it alone! Like @hirakhan said, RSI or MACD can help confirm. Also, try it on different timeframes, the 15m might be too noisy.