19 December, 2018
Think think got more things.
Thanks for visiting the site.
BTC-USD Bitcoin Daily Chart
We believe in Buy Low Sell High
in other words Buy Support Sell Resistance
Cryptocurrency, Bitcoin, we see price action closed below 200 MA and price action resisted by 200 MA.
Thereafter, MA begin to slopping down.
6000 dollars seems to be the stable level for sometime before crashing down again, see chart.
Now the price action is testing the low of 3500 dollars.
Imagine you invest your bitcoin at the peak of the price. Bitcoin has crashing down from 20,000 dollars.
There were a saying, an estimate of $400 billion were wiped off the value on Bitcoin since the start of the year.
Trade with your eyes open.
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
Zoom out and study the chart from IPO, see chart picture worth a thousand words.
We could see the price action after the low in 2016, the price close above the 200 MA and price action supported by 200 MA before the price action begin the rally rapidly.
Is the price action topping? Will the market emotion seem to be topping, check Dow Index. We could see H M Gartley pattern, the price action goes bear.
We see narrow channel too. Trade with eyes open.
Moses US Stock Chart Analysis
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.