10 September, 2018
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Bitcoin and Fibonacci Levels Charting
Study Bitcoin chart level with Fibonacci retracement.
We will swing low to high to see the price action and Fibonacci levels.
Manage your risk.
September 8, 2018 Bitcoin reach the peak at 20000
Reference to 2017 low, and the peak. Swing low to high, see chart, picture worth a thousand words. We see a gap from the low of the bitcoin and 78%. Let’s try to redraw the Fibonacci retracement again.
September 8, 2018 Bitcoin and Fibo Retracement
If we reference to the July low and swing high, we redraw the Fibonacci retracement. We see the low touch the 78%. See chart, picture worth a thousand words.
September 8, 2018 Bitcoin redraw the Fibo retracement
Study the chart, we see the price action is like a dead cat bounce. The price action is getting weaker and get close to the 78%. See chart.
We will study the price action using tools such as stochastic and MACD.
Moses US Stock Chart Analysis
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.