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Parabola

XLM CorrectionBTC seems to be taking its time in correction or retracing before making up its mind about what it wants to do. Coupled with the fact that institutional investment hasn't slowed it seems that our Bull Run has in fact been the result of institutional investing more than anything else. This means the long awaited Alt Coin Rally is still a ways off but that when it does hit, it will be driven to astronomical heights thanks to the institutional investments that began around August of last year, or perhaps earlier. What does that mean for XLM? In the short term the most reasonable price point is the previous low of .314 to have a 47% retracement to continue on the parabolic trend like it has for the previous two legs. Otherwise the next options are the Major supports at .27 and .182 respectively. Those values being 44.5% and 70% retracements respectively. These values would coincide with breakdowns with BTC movements, and previous behaviors from ATH levels of which are quite reminiscent of the 2017 rally. If that is the case then the most logical bottom for XLM is actually just over 18 cents. This could happen in a very short amount of time such as a couple weeks or about 4 months. Once that level is reached, depending of course which level, it will either go back to previous ATH at around .608 or skyrocket by a factor of 50 to $7.40. All that to say this, I am setting buy points at .32, .27 and .182 and will be adjusting them if I am awake to do so based on whatever BTC chooses to do. BTC may very well break down to the 40k range or even 20k ranges in short order, which would push XLM to the .20's and teens. Unfortunately, every ounce of price action that we can predict from XLM is 100% reliant upon the actions of BTC. So if BTC retraces and bounces back early then so will the retracement of XLM take longer. XLM must meet the .32 - .314 threshold first in order to continue its parabolic pattern, otherwise it would have done so already... beyond that is anyone's guess, and up to the BTC community to decide... What do you guys think *Not financial advice*
COINBASE:XLMUSDLong
by Sephiroth4269
16
XLM Parabolic Run and CorrectionGreetings everybody! I have been hesitant to write for the past few days despite carrying out the idea I am going to enumerate upon. I hesitated because to be perfectly honest I am not as familiar with parabolic or bull run movements as my entire experience with crypto has been bag holding since 2018 haha! That being said, I have been making some successful trades here and there with this bull run and especially since XLM hit the ATH of .608. To that end I noticed something that I have brought up in other ideas previously that seem to carry true no matter what and I would like to share those with you all! One thing I had assumed during all of this is that the low point for XLM, if this is to be a parabolic continuation, must hit at least .32 before bouncing back up. That occurred last month during the initial dip that took approximately 7 days to achieve. However, we didn't immediately begin the rise to new ATH did we? That is because there is a period of accumulation, FOMO, and other behaviors that would ultimately drive the prices up to a local high and then come right back down. Why would this happen? Again, it is the FOMO, bounce behavior, etc. There is another reason though: there must be a double bottom before a continuation can occur. That is the bottom line and it has held true for the last 2 peaks and every other bull movement we have had in this market. It is true for BTC it is true for XLM, XRP, ETC, etc. However, I did have my doubts when we hit .47, I let fear take hold of me as well as disbelief and I did not capitalize on that movement as I should have because I thought "surely this is the continuation occurring early?" Turns out there is no such thing or possibility, only the illusion. The XLM rise to .47 was a bull trap, or perhaps a bear trap I am not as well versed with the terms as I would like to be but it certainly was a trap and I certainly fell for it haha. In either case the price dropped and stayed at relatively low ranges building a pattern that was very similar to the previous crawling behavior of the last parabolic rise, which gave rise to more fear and FOMO. Ultimately, it would peak at .438 and the rest is history. Now the only place for an of the cryto coins to go is their previous local bottom: or lower. The issue here becomes: is the Parabola still in effect, or are we in a deep correction? I do not have the answer to that question. I know if we hit .32 and maybe a little lower but stay above .3 for a day that is a strong indication that the parabola is still in play. However, if we dip into the upper .20's or lower then it is likely we will see a 70% or greater retracement that will last a week or 2 and be a race to the bottom. What I can say is this with a very strong sense of surety: we will hit .32, we will likely dip below that, but in my opinion the Parabola is still in effect until we dip below .27 then it's likely a race to the bottom. What do you guys think? *Disclaimer* Not financial advice, trade at your own risk!
COINBASE:XLMUSDShort
by Sephiroth4269
4
XLM Next Low Then Parabolic Continuation?XLM has been wanting to correct heavily this entire time but BTC traders keep pushing the entire market up. It is definitely artificial, the question is why? Why keep raising the price of BTC if it is going to crash in the end? Are they hoping to buy in raise it 5% for a profit then crash the coin? That sounds like something institutions or whales would do, so that is what I am planning on. However, everything is going to point to a price, and trend reversal up until the very moment it doesn't. Just like when XLM pushed hard to .54 and fell off a cliff... I still think we have a reversal coming but I couldn't honestly say when it would happen, or what the local peak would be. I have my eyes set on .43 and .45 as the next high, from the low of .31, with a retracement back to: ____. I want to say .31 but I only knew we were going to hit it once due to the fractal of retracing 47% from High, before moving forward. Usually that happens right before the next pull back, if that is the case, and although we hit it once already then it is possible that we hit the ~.32 range and then immediately setting off to the parabolic rise again. TL:DR Next High: .43 - .45, next low before Parabolic continuation ~.32. What do you guys think?
COINBASE:XLMUSDShort
by Sephiroth4269
10
ETHUSDT Daily Time-Frame Parabola – Swing High Objective Points to consider, - Bullish Order Block Respected - Weekly S/R Flip Confirmation - Swing High Clear Objective - RSI Bullish Control Zone ETHUSDT, maintaining its consecutive Higher Lows in a Price Action Parabola, no valid Volume Climax’s are present which is indicative of further upside potential. Price Action as of now has a greater probability of testing this recent S/R Flip Zone, allowing for long biased entries. ETHUSDT Price Action Chart Preluding to the chart above, Price Action is in a clear strong Bullish Volatility Expansion with successive Higher Highs and Higher Lows being established. This is indicative of a strong bull trend that is backed with bullish volume impulses, evident on the Volume Profile. The initial Order Block was back tested, confirming an S/R Flip Retest that led straight into the All-Time High region. Price Action failed to break its All- Time high on three consecutive attempts, each rejection lead to a Higher Low, again proving resilience in Ethereum at the time. On the fourth attempt, a Bullish Engulfing candle successfully broke the resistance that led a strong impulse towards a new high. As of current, Price Action is still trading in discovery with an established Swing High being set as the current objective. Taking this level out with increasing volume will greatly increase the probability of continuing this current Parabola. Higher targets will be associated such as the key Psychological $2000 level. ETHUSDT Daily RSI Observing the present RSI, we can see a healthy deviation back into its Bullish Control Zone from Overbought Conditions. This has reset the RSI into more of a neutral zone where holding these regions is deemed highly bullish. Penetrating the lower Bearish Control Zone will signal a potential correction for Ethereum as this has not occurred through the entire Bull Run. To conclude, ETHEREUM remains highly bullish with the immediate objective being the Swing High. Price Action is trading in a clear Parabola that has not topped as there are no signs of a valid Volume Climax. The RSI is signaling strength as long as the current region is held; the probabilities are greater for further upside. Hope this article helps in making discretionary trading decisions.
Long
by CoinGape
1
DECRED WILL OUTPERFORM MOST CRYPTOS IN 2021Hey. Not gonna go deep into this. I was studying cycles, patterns, fractals a lot in 2020, and now that cryptocurrencies are heating up, I see this scenario on $DCR. There are many other good cryptos that will do well, but this coin should be in top 5 if not 1st place by the gains that it will create for investors. TARGETS : $ 1700 / $3700 Do what you think is best with this fractal and information, this is not a financial advice. Enjoy 2021, God bless!
POLONIEX:DCRUSDLong
by Patrikas10
11
BTCUSD - crack of parabola I mentioned that broken parabolas retreat on average 80% when measuring the movement from where the parabola started, to the very top / crack of the parabola. The figure of 80% is "average". And then here I shared a few examples of parables from various markets, as well as BTC parables that happened before and how much those movements retreated before growth continued. I also mentioned that some minimum withdrawal is in most cases 60%. Ie. the cracking of the parabola causes a pull of 80-60% of that movement. In most cases it is a minimum of 60%. It is not engraved anywhere that it has to be so much, it can be less, but here we are guided only by statistics on how it has happened several times so far in various markets, including crypto.
BITSTAMP:BTCUSDShort
by Johnny994
Moving in on the All-Time High - What Will BTC Do Next In my previous ideas I showed you how BTC is following a perfect parabola at the moment. It hasn't broken in months now. If we keep following this parabola we can expect that the price will break through the all-time high in only a few days. It is very difficult to come up with a sane trading strategy if it does. A common strategy that I like in such situations is to trade with a trailing stop-loss. Essentially you keep dynamically increasing your stop loss every time the price goes up. You have the infinite potential of a coin that's mooning while having your risk capped at the same time. A great win-win. The resistance on the all-time high is incredibly important though. If the all-time high breaks, we can expect a lot of external consequences as well. For instance, more news articles will be published about the breaking of the previous all time high. Subsequently, we can expect more attention drawn to bitcoin, increasing the demand while keeping the supply stable. This creates a second influx of demand that can be great for the price. Expect that if BTC breaks above $20,000 we will see an immediate secondary response of another easy +10% gain. -Trading-Guru
BITSTAMP:BTCUSDLong
by Trading-Guru
14
[BTC/USD] The Road To Reaching $20,000+! - By Trading-GuruHi everyone, in this detailed technical analysis I will walk you through the most important technicals on BTC/USD at the moment. Most importantly, I will discuss the parabola that has predicted the previous increase in price very nicely. Then, I will explain what things you need to take into account when the price reaches the horizontal resistance of the previous all time high. I always try to make the chart as self-explanatory as possible, but here is a more in-depth written explanation if you want to understand the narrative better. Parabola Here is the order of touchpoints on this parabola that with every step gave us slightly more evidence about the incoming increase in price: The first of the touchpoints on this parabola were from the 5th of September. We see that the price has hit a temporary low near the $10,000 mark after a big hit in the price coming from $12,000 The second touchpoint happened on October 8th. We can already see here that every time the price dips the bottom is a bit higher than it used to be. For the first time, you can start to see a bullish trend . From the 19th of October it becomes more evident that the price is rising, the touchpoint here was enough to let the price jump into the air. BTC is officially taking off, in just two days the price increased by 10%! Early November we see multiple interesting touchpoints. The price is still bullish but struggling. It reached around $14,000 three times in a row and it got rejected on every attempt. Then, when it hit the parabola the price jumped up again! And finally, the last recorded touchpoint. My previous idea was published around this level and we saw that this parabola holds future value as well as historic value. It beautifully responded to the parabola support, and helped us to predict another rise in price. Technical analysis becomes way more interesting if it can predict causal relationships! If the parabola holds we can expect the price to struggle around the $18,500 level for another 4 to 5 days. Then if it touches the parabola and it holds, we can expect the next jump in price. Will that be the jump to propel BTC above the previous resistance? By end November this parabola predicts a price of over $20,000 for BTC! Bringing it close to the resistance of the all-time-high. The resistance itself has many ways to trade it. To decide on the exact level of the resistance I looked at the all time high. The highest level that BTC/USD ever traded on on Bitstamp was around $19660. We obviously expect resistance around this level. Horizontal Resistance Level of the ATH Be mindful of the consequences of this level beyond technical analysis. If the all-time high breaks, we can expect a lot of external consequences as well. For instance, more news articles will be published about the breaking of the previous all time high. Subsequently, we can expect more attention drawn to bitcoin, increasing the demand while keeping the supply stable. This creates a second influx of demand that can be great for the price. Expect that if BTC breaks above $20,000 we will see an immediate secondary response of another easy +10% gain. The parabola support has been very interesting recently. Perhaps we need to start considering adding an alert for it on 100eyes too. Now that you understand all the possible consequences in depth it's time to start placing your orders. Best of luck in your trading! Follow me for consistent high-quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru
BITSTAMP:BTCUSDLong
by Trading-Guru
17
BTC/USD- $30,000 (Dec-Jan) - $100,000 (Sep-Dec 2021)Hey traders, in this chart we highlighted the halving effect observing the the time to major ATHs after the halving event. After first halving on chart we could see it took bitcoin about 500 Days to reach an all time high of about $1000. After second halving same thing repeated we had another 500> days to hit an ATH of $20,000 Currently we sitting on the third halving and just est. 200days after last halving event, inasmuch as i believe we will surpass previous ATH of $20,000 before year end and a possible hit of $30,000 by January 2021 My expectations for a new ATH will be by next Autumn/Winter come September to December 2021. Do share your thoughts and let me know what you think.
BNC:BLXLong
by nicholasilechie
5
Text-Book Quality Parabolic Rise on BTC/USD! - By Trading-GuruThis fantastic parabolic ascending on BTC/USD is simply of text-book quality. In this analysis I will walk you through the narrative of how this parabola was formed. I will show to you in retrospect the things we can learn from the price behavior at that time, so that we can take lessons from it and recognize such a pattern more quickly in the future. Furthermore, I show the bullish scenario of what will happen when this parabola holds. You can see that the price will increase exponentially, giving us a $19,000 prospect still within November of this year. Lastly, I want to highlight what can happen if the parabola breaks. I did some research into other historical parabolas along with the text-book explanation of what will happen in those cases. And the results aren't pretty, if it does break the price can go down very very rapidly. As exponential as it has increased. So tread carefully everyone. Here is the order of touchpoints on this parabola that with every step gave us slightly more evidence about the incoming increase in price: The first of the touchpoints on this parabola were from the 5th of September. We see that the price has hit a temporary low near the $10,000 mark after a big hit in the price coming from $12,000 The second touchpoint happened on October 8th. We can already see here that every time the price dips the bottom is a bit higher than it used to be. For the first time, you can start to see a bullish trend. From the 19th of October it becomes more evident that the price is rising, the touchpoint here was enough to let the price jump into the air. BTC is officially taking off, in just two days the price increased by 10%! Early November we see multiple interesting touchpoints. The price is still bullish but struggling. It reached around $14,000 three times in a row and it got rejected on every attempt. Then, when it hit the parabola the price jumped up again! And finally, the incoming last touchpoint in a few days. If the parabola holds we can expect the price to struggle around the $16,000 level for another 1.5 days. Then if it touches the parabola and it holds, we can expect the next jump in price. By end November this parabola predicts a price of over $19,000 for BTC! Bringing it close to the resistance of the all-time-high. If you're going in with a long position I suggest to take profit below the ATH as it is very unpredictable what will happen near that level Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSDLong
by Trading-Guru
22
XMRUSDT is testing the ascending scallop 🦐XMRUSDT is testing the ascending scallop. If the price will break the parabola and break the daily support According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
XShort
by InkyGrip
10
BITCOIN - THE LAST BULL STANDINGDear Traders and Hopeaholics alike, as the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) I gave you this chart... Right now AGAIN they are going to be reading this post and shouting HA HA HA HA HA everywhere I go. But as the President and Founder of HOPEAHOLICS ANONYMOUS, don't let me be the one to have the last laugh...again... ALL THE WAY TO THE CRYPTO BANK!!! If you are in the industry (Crypto one that is) like me, you know that CRYPTO BITCOIN offers HOPE, it offers the possibility of a more secure and transparent future of money, one that is fully traceable, one that allows you to hold and secure it yourself without relying on a third party that may or may not be there in the future. IT ENABLES FULL CONTROL OF YOUR MONEY! THE TECHNICAL STUFF PARABOLIC CURVE - STEP-LIKE FORMATION At the end of the 'X' symbol, as shown on the chart, bitcoin could double in price in the shortest period of time. In ELLIOTT WAVE THEORY - we are currently in WAVE 2 - heading into WAVE 3. Wave 3: In Elliott Wave Theory, wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity (not crypto) markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to “get in on a pullback” will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three’s midpoint, “the crowd” will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1 Wave 3 rally picks up steam and takes the top of Wave 1. As soon as the Wave 1 high is exceeded, the stops are taken out. Depending on the number of stops, gaps are left open. Gaps are a good indication of a Wave 3 in progress. After taking the stops out, the Wave 3 rally has caught the attention of traders. ********************************************** NOW ASK YOURSELF THIS - IS THIS SATIRE OR ENTIRELY POSSIBLE? I'll let you make that decision for yourself, as you are pushing the buttons. BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!! SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS! ********************************************** If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns. So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED! And remember, there is NO RIGHT OR WRONG in trading - just money management! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not a financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
Editors' picks
BITFINEX:BTCUSD
by LisaNEdwards
293
RVN Structural S/R Flip| Pivot Point| .618 Fibonacci| RSI WedgeEvening Traders, Today’s Analysis – RENBTC – trading above structural level with Fibonacci confluence, RENBTC is likely to rise up validation of this level. Points to consider, - Structural S/R Flip (Retest) - Technical Confluence (Trade location) - RSI Falling Wedge pattern - Bull Impulses (PA validation) RENBTC is re-testing its structural S/R flip; further candle closes will solidify the level. This is a key support with technical confluence; market structure, key Fibonacci level (.618) and a Fibonacci Extension. This indicates a true trade location and a pivotal point on the chart The RSI is in a falling wedge pattern, breaking in either direction will dictate the overall trend. Stochastics are over extended, can stay trading here for an extended time, momentum is stored to the upside upon a valid buy cross. Overall, in my opinion, price action will dictate the overall trend, strong bull impulses will be a sign of a probable parabola. Validating support will be very bullish, RENBTC will likely rise to Fibonacci targets. What are your thoughts? Please leave a like and comment, And remember, “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Long
by AzizKhanZamani
9