ZRX/BTC Ichimoku Cloud - Edge-To-Edge Strategy!
The ZRX/BTC ichimoku cloud on the daily timeframe is undergoing an edge-to-edge move.
This strategy involves price moving into the cloud from below, and closing inside of the cloud. Once this happens, the edge-to-edge idea suggests price will make its way through the cloud to the other end for a 'kumo breakout' above the cloud.
Think of the cloud as an area of weak resistance/support. If you threw a rock at a real cloud, the rock would go right through that fluffy thing. Replace 'rock' with 'price' and you get the same idea here.
This strategy involves price moving into the cloud from below, and closing inside of the cloud. Once this happens, the edge-to-edge idea suggests price will make its way through the cloud to the other end for a 'kumo breakout' above the cloud.
Think of the cloud as an area of weak resistance/support. If you threw a rock at a real cloud, the rock would go right through that fluffy thing. Replace 'rock' with 'price' and you get the same idea here.