BITCOIN Technical Analysis Aug 29 2023
BITCOIN Technical Analysis Aug 29, 2023 using Stochastic and Commodity Channel Index.
Welcome to Pete’s investing updates
in this strategy edition we will be talking about trading using the Commodity Channel Index Indicator with a weighted moving average, and applying a % Gain and Average Down approach.
#BITCOIN #ASX200 #sharetrading #averagedown #MovingAverage #CCI #CommodityChannelIndex #divergence
Become a PetesInvesting Patreon member with same day updates on
https://www.patreon.com/petesinvesting
Don't forget...
First always remember to review petesinvesting channel playlists
Updated every weekend I look at the charts of some select blue chip shares as well as some key world sharemarket indices.
As always click on the SUBSCRIBE button as well as the NOTIFICATION bell and LIKE this video to support this channel.
If you want me to review an Index a share, a commodity or a FOREX pair, put it in the comments and I'll cover it in a future video
Things
to consider:
•We track and trade on a Daily chart since we want to back test and see results of trades back during the GFC as well as Covid effects.
•We track and back test Revenue over Drawdown requirements
(as a %) to optimize our returns with less exposure.
•Brokerage is included in our back testing. I use $8 per transaction each time we buy or sell. Revenue shown may change slightly depending on your brokerage costs.
•Our Back testing transacts with $2,000 per trade. ie everytime you purchase $2k worth of shares in the instrument you want to invest.
To increase Revenue (ie returns) simply increase this. But beware this will also increase your Drawdown, so ensure you factor in this with your money management strategy.
Lets get started
Remember...
Don't forget to subscribe / LIKE and hit the notification bell and review the PETESINVESTING channel playlists for further reference.
-
10:07
Petes Investing
1 day agoSP500 NASDAQ GermanDax JapanNikkei VIX Technical Analysis Jun 19 2024
131 -
Steven Crowder
3 hours agoREBUTTAL: Jon Stewart is WRONG about Gun Violence
120K187 -
2:10:55
Matt Kohrs
3 hours agoStocks Are EXPLODING HIGHER, Nvidia is King & GameStop is Falling
29K6 -
1:28:50
Graham Allen
4 hours agoMega Church Pastor Forced to RESIGN! + Ten Commandments Back in Schools🔥
32.4K87 -
44:57
Rethinking the Dollar
1 hour agoGOP WANTS $500 BILL TO HONOR TRUMP | SIGNS OF GREATER INFLATION TO COME? | Morning Check-In w/ Mike
6.23K2 -
1:36:11
The Podcast of the Lotus Eaters
7 hours agoThe Podcast of the Lotus Eaters #941
42.1K30 -
1:17:47
jeffahern
3 hours agoThursday Thrash With Jeff Ahern (6am Pacific)
23K3 -
2:05:19
AP4Liberty
4 hours agoBorder Wars Breakout Between Kansas and Missouri... Again!
26.4K2 -
19:28
Stephen Gardner
10 hours ago🔴BREAKING: Biden’s RECKLESS new scheme fails with the PEOPLE!!
37.8K85 -
1:03:16
Kimberly Guilfoyle
3 days agoSlow Joe Hits a New Low, Plus New Case of Illegal Immigrant Crime, Live with Karoline Leavitt & Sen Tommy Tuberville | Ep. 134
103K92