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Simple MACD strategy with 90% accuracy

We’ve all waited for the right time to buy/sell a stock when the MACD gives us the respective signal, however, most of the time the signal that we receive is either a false signal or the price action turns against our favour. Before we start with the topic let us recap a bit and understand…

Drawing accurate support and resistance levels

Often at times after taking up a trade, you would have experienced a huge profit at first (while the price action is yet to hit your target), but then suddenly the price action reverses and hits your stop-loss. Sad right? So what went wrong? Why was there an instant reversal and why did the price…

Which is the best time frame for intraday trading

If you’re just a beginner and have started foraying into the world of trading and investing, you might have heard of the term ‘intraday trading’. ‘Intraday trading’ is also known as Day trading. Since the inception of the internet and especially discount brokers, day trading has seen a huge surge in the number of traders…

Four useful strategies for range trading markets

Range bound markets are pretty common in the markets. Trading in a range-bound or ‘choppy’ market is a bit of a task in itself and many times, it so might happen that you can book an unforeseen loss, rather than an expected profit. This is because of the missing ‘trend’ which essentially tells the trader…

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Bytemine automatically scans the markets and analyses data across multiple timeframes to provide actionable buy and sell suggestions based on emerging chart patterns and key levels, eliminating the subjectivity from chart analysis and the interpretation of technical indicators.