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Short Term Trading Weekend Lounge: 22-24 Feb, page-28

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rick64

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24/02/19

13:43

Post #: 37546545
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Originally posted by peejayhercules: ↑

STTCOMP DCC TA LONG

Bitcoin appears to have bottomed around $3,000, and has risen recently to around $4,000.
What has been missing from the worlds of bitcoin / blockchain / cryptocurrency has been mainstream acceptance of the technologies.
A major step towards this acceptance is likely to be made with Samsung's release of the Galaxy S10, which is being launched with a cryptocurrency service.

https://www.forbes.com/sites/billybambrough/2019/02/23/bitcoin-is-rocketing-heres-why/#72ada05b4954
https://www.forbes.com/sites/billybambrough/2019/01/25/samsungs-new-galaxy-s10-could-give-surprise-boost-to-bitcoin-adoption/#199dd35a6010
https://www.sammobile.com/2019/01/23/samsung-blockchain-keystore-galaxy-s10-leaked-images/

I've mentioned Louise Bedford's "Charting Secrets" a few times recently, which offers some interesting strategies to try and turn all that technical hoo-ha into something simple that can help us make some money.
One of those strategies is the use of Moving Averages crossing - in the instance of DCC I've used 15 and 30 day SMAs, which gave us a golden cross recently. There has also been a noticeable increase in volume around this time of crossing, suggesting that a bottom might be in.

A clear level of resistance is up ahead at 7.5 / 7.6 so that would only give us a run of around 33%, and this type of investment has burnt a lot of people over the last year, so DYOR.

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Hi @peejayhercules What is your definition of a Golden Cross please?

XAO Value at posting: 6,241.9
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Short Term Trading Weekend Lounge: 22-24 Feb, page-28

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Cauldron Energy reports "excellent" uranium assays in latest drill run

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

NRW Holdings inks $109M deal with BHP for works at Jimblebar

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The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

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Short Term Trading Weekend Lounge: 22-24 Feb, page-28

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