18 September 2022
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com. Last posting was at 8 August, 2022, we resume posting.
If There is Only One Chart. This is It!
The Moses Power Stock Chart.
Picture worth a thousand words. Trade what you see!
We Only Believe – Buy Support or Sell Resistance.
Ethereum Cryptocurrency
Some say when market is uncertain the demand of Gold will increase. True or true? What about Cryptocurrency? Up and up?? Trade with eyes open! Price Action shows the price action goes below 2017 and 2018 was peak for Crypto. Resistance turns Support. Time to buy? Wait, wait. Professional traders wait for confirmation, wait is the Holy Grail for professional traders.
Anyway there is a lot of uncertainty in the current market, with the war and super power struggle for more power. How to trade? Trade with your eyes!
We study the stock chart using GMMA, Woodies CCI, MACD, River, Ichimoku Cloud, Bollinger Bands and Moving Average, and wave patterns with the price action.
Moving Average is a great visual tool. MACD indicator is a easy to understand indicator. Support and Resistance is important and fundamental tool for buy sell.
When the price action continue to move higher but MACD is weaker, the price action may be change in direction. The opposite is true too, when price action is weaker, forming lower low but the MACD or MACD Histogram is forming higher low. Price action is also may be change in direction.
But remember indicator is like traffic light, it only provides you a heads-up for the possible upcoming change.
Manage your trade.
Just One Chart
1) Ethereum Crypto currency Price Action from 2016
Below 5000 USD was the peak in 2021, and it is the higher so far for Ethereum Crypto Coin. 2018 was it higher before the current peak, the price was 1,400 USD.
Now Ethereum has pullback to test the last peak at 1,400 USD. See chart, the price has gone below 1400 USD first before return to 1400 USD level.
Can you hold? Your heart are strong enough to hold to wait for the retest of the last high, near 5000 USD.
Do you think the Ethereum price will return to 5,000 USD and higher?
Manage your risk.
Remember to buy support and sell resistance.
2) Ethereum Crypto in USD and Ichimoku Cloud
Ethereum price is currently below Ichimoku Cloud, and supported at 1000 USD and rebounce. Many investors see their money vaporize so quickly. Wow!
Below Ichimoku Cloud, bearish.
3) Ethereum Crypto in USD and MACD
Moses Power Charting
Official AmiBrokerAcademy.com Charting
Disclaimer
The above result is for illustration purpose. It is meant to be used for learning buy or sell signals. We do not recommend for any particular stocks. If particular stocks of such are mentioned, they are meant as a demonstration of Amibroker as a powerful charting software. Amibroker is a charting software, it can program to scan the stocks for buy and sell signals. Or backtest for any trading strategy or technique.
We post script generated signals. Not all scan results are shown here depending on selection criterial. 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.
We learn from many past and present great traders. Kudo to these master.