14 July, 2019
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As promise we are doing more analysis on bitcoin. We use box, Moses Box to find the strong level. See chart for more.
BTC-USD Bitcoin Stock Charting
Study Bitcoin Stock chart and Boxes.
See chart, picture worth a thousand words.
We look back to see the price action from the high the price at near 20,000 dollars to present. See chart, six or seven thousand dollars seems to be the strong level where the price action stop.
One possible thing is the price action may pullback to test the six or seven thousand level before continue to move up.
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.