Weekly E-mails:  Crypto Trading Strategy 5 Weeks of Onboarding Reads. Latest Airdrops (Thu 7 AM EST). Or all of it.

Dismiss   Pick Your Preference
This site uses cookies (More).

 

Ichimoku Cloud [Crypto Trading Glossary]

technical     · [trading]

--- [ article continues after ad ] ---

Ichimoku Cloud 101

Ichimoku cloud is a technical indicator suitable best for longer timeframes.

It is developed to give a “single glance” idea about the structure of the market, which is also loosely the meaning of the Japanese term Ichimoku.

This single-glance market information is typically whether the market is weak, strong or possibly approaching reversal.

Ichimoku Trading Strategies

Traders typically set their entries and exits around the borders of the filled-out part of Ichimoku (The Kumo), most often with the help of other indicators.

As mentioned, Ichimoku works best on longer timeframes. The reason is that on shorter timeframes the Kumo cloud “flips” too often and the information you get from it is close to random. Still, some traders like to use Ichimoku for scalping. We believe there are better tools for that, but then whatever works for you…

Where to get Ichimoku

Ichimoku cloud is one of the default indicators available on TradingView, even with the free plan. You can find it in the public indicator library.

 

Want to learn crypto charting & analysis properly?

Read our articles, but try everything hands on as you go. All of these crypto charting tools and scripts are accessible for FREE in either TradingView app or at Bitfinex.

Get TradingView Signup at Bitfinex