In this daily BTC technical analysis video, our friend BTC Kyle takes a look at both the 1 Day and 4 Hour timeframes.
Kyle often uses the Ichimoku Cloud indicator with updated settings for crypto markets which trade around the clock. Those settings are as follows: (20, 60, 120, 30).
The Ichimoku Cloud is a chart used in technical analysis that shows support and resistance, and momentum and trend directions for a security or investment. It is designed to provide relevant information at a glance using moving averages (tenkan-sen and kijun-sen) to show bullish and bearish crossover points. (1)
Take a look at the video and always remember to never risk more than you can afford to lose!