30 June 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
We will use 1) Ichimoku Cloud, 2) Support Resistance (using box), 3) River (moving average), 4) GMMA and Woodies CCI, 5) Bollinger Bands and Moving Averages, and 6) MACD to analyze the stock chart. See your reading of price action.
We read what the price action tell us, ie Picture worth a thousand words.
1) BTC-USD | Bitcoin Crypto and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool. In 2021 January, we see the Tenkan Sen cross below Kijun Sen and zip up again.
Ichimoku Cloud is a multi-dimensional indicator designed to offer support and resistance levels, trending, and entry and exit points. Price Action after test the high and pullback to close below cloud. Price Action stay below cloud, ie bear trend.
Trade what you see.
Manage risk is a key in trading.
Moses Free Charting
2) Bitcoin Crypto and Quarter High Low Support Resistance
Price Action goes from low to high, ie price action goes from bottom left to top right.
We use box to box quarter high low to see the major level. See chart. Two quarter low have been on the same level, strong support. But can the support hold the fall. Will see.
Trade what you see. Manage your risk.
3) Bitcoin Crypto and River
Moving Average is a great visual tool. Raghee uses high, low and close 34 EMA to form a band to determine the wave direction. Price action is currently close below 34 EMA and 34 EMA slopping down, bear trend? Trade what you see.
Down trend seems strong, price action close below River. River cross below 200 MA, dead cross.
From a different view, we see price action supported by support.
Manage your risk.
4) Bitcoin Crypto and GMMA and Woodies CCI
Price Action goes down under of Slow MA (red), Fast MA (green) has close under Slow MA (red) too. Price Action is resisted by both Fast (green) and Slow (red) MA. Can the price action retrace above MA again? Will see. Trade with eyes open.
5) Bitcoin Crypto and Bollinger Bands and Moving Averages
Price Action and moving averages:
BTC-USD, Bitcoin crytocurrency price action has closed below its Short time (20 period) moving average.
Short time (20) moving average is currently below mid-time (50), AND below long time (100) moving averages.
20 and 50 MA are current blow 200 longer time moving average, but 100 MA remain above 200 MA.
Bollinger Bands:
BTC-USD, Bitcoin price action has closed above bottom band.
Bollinger Bands are narrower than normal.
Manage your risk.
6) Bitcoin CryptoCurrency and MACD Divergence
We see price action continues to go higher before the price action close below the last two higher low, and suddenly the BTC lost the energy to push price action higher then the last high. Remember all these can not come without any early signals. If you look down to MACD, we will see MACD forms lower high. MACD Divergence. Trade with what you see. Manage your risk.
Don’t take MACD information lightly.
Moses Power Charting
Official AmiBrokerAcademy.com Charting
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.
We learn from many past and present great traders. Kudo to these master.