NEOBTC 1D Ichimoku Kumo Breakout /w Bullish Kumo Twist

26 nov. 2019

Bullish Thesis:
-Price has broken above and held above cloud
-Bullish TK Cross
-Bullish Kumo twist

Risk/Counter Thesis:
-Thin kumo on the immediate horizon (can act as a black hole that sucks in price)
-Altcoin/Bittrex/Low Liquidity/Bearish Macro Environment


Laddered Entry Range*:
0.00128778 - 0.00121517

*Position size should scale higher for better (lower) entries

Stop Loss Placement:
-Below Kijun
-Greater than ATR of ~7000 sats
-Stop loss assumes that momentum towards the thin kumo twist area may be sustained and break down with high momentum, so we are getting out before that happens

7 déc. 2019

Trade fermée: ordre d’arrêt atteint

Stop loss hit

Will be interesting to see if the bearish move continues or if the stop happened to be placed at the precise reversal level