BITCOIN Technical Analysis Dec 06 2023
BITCOIN Technical Analysis Dec 06, 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 weekly scans 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.
-
7:44
Petes Investing
7 days agoPlatinum Crude Oil Copper Iron Ore Technical Analysis Jul 10 2024
49 -
1:01:20
The Breanna Morello Show
7 hours agoLIVE from the RNC | The Breanna Morello Show
41.7K5 -
1:08:23
Donald Trump Jr.
7 hours agoPeter Navarro released from prison, heads straight to the RNC, Exclusive Interview
203K259 -
LIVE
The Charlie Kirk Show
3 hours agoJ.D. Vance's Big Debut: LIVE at the Republican National Convention, Day 3
20,657 watching -
2:02:25
2 MIKES LIVE
4 hours ago2 MIKES LIVE #92 DEEP NEWS BREAKDOWN WEDNESDAY! SPECIAL GUEST JAMES PEIPER!
49.7K2 -
1:47:07
The Big Migâ„¢
6 hours agoTrump Assassination An Inside Job? w/ Craig ‘Sawman’ Sawyer
48.9K12 -
2:02:57
Laura Loomer
6 hours agoEP59: Trump Unifies the Country at RNC Convention Following Assassination Attempt
109K38 -
20:54
Bearing
11 hours agoTrump FALLS OVER After LOUD NOISES at Pennsylvania Rally
39.3K65 -
33:38
Michael Franzese
7 hours agoBulger and Epstein's Brutal Murder EXPOSED
59K28 -
2:09:58
Racketnews
4 hours agoRNC Day Three Biden Emergency Tucker Carlson, more
39.9K19