November 23, 2018
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Bitcoin in US Dollars Daily Charting
We believe in Buy Low Sell High
In other words Buy Support Sell Resistance
Study Bitcoin chart.
Remember to trade with eyes open. Next H M Gartley is always a great reference to trade.
Use the great visual tool, moving averages. Use high, low and close and 34 period moving averages, See chart, picture worth a thousand words. The price action closed below river and stay below river.
We see price action moves in zigzag, and the price action has a clear AB leg, and BC leg, except the CD leg was not really showing the AB=CD pattern. So, many may have thought the game is over and the next pattern might be in the cooking. For those experience trader, they are just waiting. The smart one may add a tradeline that support the price action and waiting for the breakout. Finally, the price action breakout below the trendline. So, see a nice H M Gartley movement again.
Trade with your eyes open.
Manage your risk.
November 22, 2018 Bitcoin and River and H M Gartley 222
if you can see the full chart, “press Ctrl and -” to zoom out and see the entire chart.
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.