Bitcoin, Ethereum & Google Present Buy Opportunities
Check out Bitcoin, BTCUSD, GBTC, Ethereum, ETHUSD, ETHE, & GOOGL.
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Bitcoin · BTCUSD · GBTC
The Bitcoin price entered the buy zone!
Here is the PIMM Trading System review:
P: Good. The dot is below the price in the daily and weekly charts; this is support.
I: Good. The price is above the cloud in both the daily and weekly charts; this is strength.
M: Good. The value is positive and the lines are sloping upward.
M: Good. The price is above both the 50-day and 200-day moving averages.
Summary: Bitcoin is proving itself strong by starting to get out of the aggressive buy zone and entering the buy zone. The buy zone is the price range with the highest likelihood of success.If you are not comfortable buying cryptocurrencies, you can consider buying the GBTC stock.
Ethereum · ETHUSD · ETHE
Disney reported good earnings before the open.
Here is the PIMM Trading System review:
P: Good. The dot is below the price in the daily and weekly charts; this is support.
I: Weak. The price is halfway through the cloud in the daily chart; it’s fighting its way into strength. The price is below the cloud in the weekly chart; this is weakness.
M: Good. The value is positive and the lines are sloping upward.
M: Promising. The price has been above the 50-day moving average for a couple weeks but no it jumped above the downward trend line; this is a sign of strength. It is still below the 200-day; this is a sign of long-term weakness .
Summary: The price is showing a character change. Give it a few days to prove itself. It’ll be much stronger if it can get above the $2,120. Read the post below to learn why. If you are not comfortable buying cryptocurrencies, you can consider buying the ETHE stock.
Google · GOOGL
Today presents a buy opportunity since it bounced after the dip.
Here is the PIMM Trading System review:
P: Mixed. The dot is above the price in the daily chart; this is resistance. The dot is below the price in the weekly chart; this is support.
I: Weak. The price is below the cloud in both the daily and weekly charts; this is weakness.
M: Weak. The value is positive, but seems to be going negative. The lines are sloping upward, but one of them is flattening out.
M: Weak. The price fell below the 50-day moving average yesterday and it is still below the 200-day.
Summary: This is a very aggressive buy solely based on buying a bounce after a dip. Read the post below to learn why it works and whether you are comfortable with this technique.
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Disclaimer: The author is not a financial advisor. The information provided herein is not financial advice and should not be construed as such. This content is intended solely for educational purposes. The author will not be held liable if you decide to used this material as a basis for any financial decision-making. Investing involves risk, including the potential loss of your invested capital. Only invest what you are willing and able to lose.