Chapter 20
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
In Chapter 16, I talk about how you can use technical analysis to develop cryptocurrency trading strategies. Though a ton of moving averages and chart patterns can help you with your strategy, one of my favorite techniques is combining Ichimoku Kinko Hyo and Fibonacci retracement levels. In this chapter, I overview the basics of these two technical indicators and show 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 my book Ichimoku Secrets (CreateSpace Independent Publishing Platform): https://learn.investdiva.com/ichimoku-secrets-trading-strategy-ebook.
Getting a Handle on Ichimoku Kinko Hyo
Its name may sound intimidating, but let me reassure you that Ichimoku Kinko Hyo is here to make your technical analysis easier, not harder! It’s a Japanese phrase ...
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