27 February, 2019
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Think!
There is a reason to have a new currency. Think.
But, too many people think too much and want to get rich quick. You and I may not see this new currency in a practical market. Many next generation, or next next generation.
Do you know? I don’t.
Too many people bet too much, see chart. The price drive from below one thousand a bitcoin to near 20000 dollars a bitcoin in just less than a year. Wow! Please say wow!
Those whom thought the are too late and rush in, near the top, all got trapped. Be aware!
BTC-USD Bitcoin Stock Charting
Study Bitcoin stock charting.
Let’s see can the price action can reversal. Try read bar by bar.
In November 2018, the bar breakout below a nine months low. Nine months, therefore the breakout must be very very powerful. See chart. This breakout got to be real, it is more than 50%. See chart.
There after the price action continue to stay below, and continue for three months. This bear must be very huge.
Trade with eyes open. Be practical, do not expect the bear going to turn bull in the short term.
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.