March 8, 2018
The hottest traderable financial instrument in town today, Bitcoin. The bitcoin price is so high currently, in 2016 bitcoin was trading below 500 Euro. What a great jump!
What is Bitcoin?
Just in case you do not know what is bitcoin, from google result, “a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.”
Please also know, “operating independently of a central bank”.
Bitcoin Chart Analysis
Bitcon BTCEUR and Fibonacci Retracement From High to Low
See chart for more, in this analysis, we swing High to Low, we see the price action has an near 38% pullback. The price resisted by the 38%.
Manage your risk!
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. Anything, finance ticket you could download from Yahoo! Finance you could plot them, those you are interested all in a chart, so you could analyse them. See chart below like the popular Bitcoin.
March 7, 2018 Bitcoins vs Euro and Fibo Retracement Seing High to Low
Bitcon BTCUSD and Channel and MACD
See chart for more. MACD and MACD Histogram are now above zeroline, Bullish bias. Manage your risk.
20180307 Bitcoins vs Euro and MACD and Channel
Moses
AmiBrokerAcademy.com
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.