BITCOIN Technical Analysis Feb 16 2024
BITCOIN Technical Analysis Feb 16, 2024 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.
#BTC #BITI #MARA #RIOT #BITCOIN #ASX200 #sharetrading #averagedown #MovingAverage #CCI #CommodityChannelIndex #divergence
Become a PetesInvesting Patreon member with weekly scans on
https://www.patreon.com/petesinvesting
Multiple Indicator Strategy
https://youtu.be/2uGsgJ54DNw?si=XsoUZH1MbE-8DPw8
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.
-
8:23
Petes Investing
24 days agoGold, Silver and Bitcoin showing Divergence
1171 -
2:56:03
Laura Loomer
6 hours agoEP68: LIVE COVERAGE: 3rd Night of DNC Convention and Tim Walz’s VP Speech
51.1K64 -
1:36:24
Kim Iversen
11 hours agoWhy American Youth Are Embracing Communism | A Conversation With Communist Carlos L. Garrido
69K131 -
6:04:19
Drew Hernandez
17 hours agoWATCH PARTY: DNC ROAST DAY 3
133K43 -
1:07:34
Glenn Greenwald
10 hours agoRoving Independent Journalist Michael Tracey Takes on the DNC in Chicago | System Update #319
116K109 -
1:50:11
Tucker Carlson
8 hours agoBethany Hamilton: Men in Women’s Sports, Marriage Advice, and Why You Need to Homeschool Your Kids
191K93 -
1:06:56
Dr. Drew
1 day agoNicole Shanahan LIVE: The Future Of Robert F. Kennedy Jr's Presidential Campaign & Her Goals Of A "Healthy & Livable Planet" – Ask Dr. Drew
105K23 -
1:41:02
barstoolsports
16 hours agoCamp Barstool Day 2 - Water Games Presented By Mountain Dew
94.6K10 -
3:55:37
Due Dissidence
16 hours agoLIVE: DNC PROTESTS, DAY 3 - Chicago For Palestine March
104K36 -
1:10:52
Battleground with Sean Parnell
12 hours agoThis Ain’t Your Grandparents Democrat Party w/ Savage Rich Baris
174K34