Are there any specific ichimoku cloud settings that work well for short-term trading in the cryptocurrency space?

1 answers

• May 06, 2022 · 3 years ago
  As an expert in the cryptocurrency space, I can tell you that the ichimoku cloud indicator is indeed popular among short-term traders. While there are no specific settings that are guaranteed to work well for everyone, many traders find success by using shorter time periods for the conversion line and base line, such as 9 and 26. This allows for more precise signals in fast-moving markets. Additionally, adjusting the lagging span to a shorter period, such as 9, can help identify potential reversals. However, it's important to note that the effectiveness of these settings may vary depending on the specific cryptocurrency and market conditions. It's always a good idea to backtest different settings and to combine the ichimoku cloud with other indicators for a comprehensive trading strategy.
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