Chapter 14
Using Ichimoku and Fibonacci Techniques
IN THIS CHAPTER
Familiarizing yourself with Ichimoku Kinko Hyo
Applying Fibonacci retracement levels in technical analysis
Putting the Ichimoku and Fibonacci methods together
Chapter 10 of this minibook covers using technical analysis to develop cryptocurrency trading strategies. Although a ton of moving averages and chart patterns can help you with your strategy, a great technique to use is combining Ichimoku Kinko Hyo and Fibonacci retracement levels. This chapter overviews the basics of these two technical indicators and shows you how you can use them for trades.
Advanced Ichimoku-Fibonacci methods are beyond the scope of this publication; you can discover more about them in Ichimoku Secrets by Kiana Danial (CreateSpace Independent Publishing Platform) at https://learn.investdiva.com/ichimoku-secrets-trading-strategy-ebook.
Getting a Handle on Ichimoku Kinko Hyo
Its name may sound intimidating, but Ichimoku Kinko Hyo is here to make your technical analysis easier, not harder! It’s a Japanese phrase that roughly translates to ...
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