31 July, 2019
Welcome to AmiBrokerAcademy.com. Thanks for visiting the site. We did a study of BTC-USD in July 14. Now let’s review the price action again.
BTC-USD Bitcoin Stock Charting
Study Bitcoin Stock chart and Fibonacci.
See chart, picture worth a thousand words.
Let’s use Fibonacci to check the possible resistance. Remember, we ask two weeks back, will 78% be the resistance to stop the price action from going up further. See chart, price seem to stop and going down. Price Action try to test the high again but fail short.
We add GMMA, to see the trend change, see chart.
Moving Average is a great visual tool, two sets of moving average can add to the visual effect. See chart.
Manage your risk.
Trade with your eyes open.
Moses Stock Observation
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.