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Parabola

LINK: Macro Analysis Part 2- Parabola BrokenHello everyone. I recommend to read part 1 of this analysis before continuing if you have not. If you a follower, then welcome back, and I just wanted to say thank you to my new followers as well who have been waiting for this one. To put it simply, my original EW count has been invalidated by this gruesome price action over the weekend where no doubt many stops were hunted and some pain was felt on both sides. However, those who have been following me will remember that this is a macro analysis, and I did indeed have a plan B for what if that failed. Well you can see this post as just a restatement of that previous point! I mentioned that for the macro EW count to be valid, wave 4 must not intersect with wave 1, which means we could go as low as 2 dollars and 8 cents and bounce there, and the 5th wave targets would STILL be in play. I truly believe this whole move is bullish for LINK in the long term, and some real institutional money is coming in. That being said, we've just had a lot of what I would call "reddit money" moving in as well, which is normally a sell signal :^). That being said, let's examine what we see on the daily chart here. Firstly, the daily candle of yesterday gave us a DISGUSTING false breakout of the triangle (Thanks CZbots) and the close now looks something like a bearish shooting star candle or a doji of some sort. It really shows lack of strength from the bulls who were trying to buy up everything without waiting for a pullback. As a result, my friends, what we are now seeing is a bearish MACD crossover on the daily chart which is in my opinion a pretty big sell signal. If you traded with this strategy of buying when it crosses up, and selling when it crosses down, which is a very common strategy, you would have bought at between 1 or 2 dollars and be selling right now. There is a pretty good case for trying to do this rather than selling at the top because it is more reliable although there is less ROI than trying to sell the top. This is not really my style of trading but many people will be selling now because of that. My final point that I would like you to know about is the 11 MA is ticking down, as well as the RSI which was already at resistance. So my target to buy would be where that green horizantal line is, which fits with the 0.5 retracement level at exactly 2.87 USD. This would be a very healthy retracement and create a double bottom if we bounce there. The other scenario is that the bulls manage to create a huge downwards wick in the green buy zone and push above the upwards sloping trendline in order to liquidate the bears. I would personally be happy with either option, but I'm really doubting the bulls have that much fuel to throw at it right now. My buy signal will be either a daily close above the green zone, or a bounce off the 0.5 fiv level. Log chart, showing the break of the parabola and symetrical triangle. Please don't forget to leave a like! There is much more to come. Previous analysis:
BINANCE:LINKUSD
by Etch1234
6
LINK Targets $6.85! Parabolic Macro-EW Count for CHAINLINK!Hello everyone, I'm back from my holiday! It's good to be back. I missed looking at the charts and making new analyses, but I did keep up with reading the news in the space. Let's get into the chart. What you are looking at is the log chart for chainlink on the 4 hour. This means that unlike the linear chart, it increases by orders of magnitude rather than 1 point at a time. The implications of this are that the further up the price goes, the less it will show on the chart. It is often used for long term analysis. I'm sure you are already aware that a straight line on the log scale that goes across multiple points would not work on the linear scale, which is the default for tradingview. Yes, that means that a straight line on the log scale is the same as a parabolic line on the linear scale. So do we have some straight lines here? Yes, some, as it is forming a triangle formation right now which is also clear on the linear scale, as it is in the short term. But what is interesting here is that if you zoom out (click and drag on X axis on the chart) then actually what I am seeing is that we are PARABOLIC ON THE LOG CHART going all the way back to 42 cents. This implies a very strong parabolic move of parabolic moves, and actually we just saw a bounce off of it on the 4 hours chart. Now we seem to have completed 2 out of 3 impulse waves of this 5 wave move which looks like a fantastic setup so far to go long on wave 5. Wave 4 seems to be the ABCDE triangle correction wave that forms this white triangle on the short term. The parabolic line can even be afforded a wick down to touch the bottom of the triangle as it is only a vague line and not possible to draw exactly to the point. Another scenario is we don't touch the bottom of the triangle and just assume that E is done already. So assuming we have finished 4 already, and we are about to start 5, we can get the targets of wave 5 by using a trend based fib extension from the start of wave 1 up to wave 3 and extended from the bottom of wave 4. IF LINK DOES BREAK OUT UPWARDS, I expect it to continue following the parabolic line in the near term, and possibly even reach the 1:1 extension. MACD still hasn't crossed over, so if you want to be a bit more conservative you can wait for that on the 4 hour. On the other hand the daily MACD is still above, and RSI is very high, which indicates we could either still continue sideways for a little bit, or if we do pump now then afterwards I expect a big correction. Parameters for this trade: -Entry: 3.3- 3.7 -Target 1: 5.49 -Target 2: 6.09 -Target 3: 6.85 -Stop loss: 3.23 (Below triangle bottom) So this a 17:1 risk reward guys, pretty happy with this. I really do see a big move up OR down coming on the macro level, both from fundamentals and technicals. Also possible to make a sideways break of the triangle, which I'd also see as bullish consolidation. If it does drop below the triangle, the EW count could still be valid as a really big wave 4 as long as it doesn't cross below the top of wave 1 at $2.08, which would also be interesting to see in the long term. Please don't forget to leave a like and let me know what you think! I appreciate the support. -Etch
BINANCE:LINKUSDLong
by Etch1234
4
Bitcoin: Is this the end of the parabola?BTCUSD is currently making the biggest decline of 2019, having pulled back by more than -25% since last week's High. Even though the 1W bullish trend is intact (RSI = 68.528, MACD = 1367.700), 1D neutral (RSI = 51.683) and about to turn bearish (Highs/Lows = -54.6254). A quick comparison of the current 1D parabola with the parabolic behavior of the previous bullish cycle (on the 1W time frame) shows some similarities both on the candle action and the RSI pattern. According to the 2018 candle action, the price should pull back near the last red candle before the peak (was 6000 then, is 9000 now) and then consolidate within a Descending Triangle, cross the MA50 sideways before making a final dive to touch the MA200. That test marks the rebound and continuation of the long term bullish trend. The time frames are of course different but the similarities of the parabolic behavior quite obvious. At this stage buying those 2 dips should work well on the long run.
BITFINEX:BTCUSD
by InvestingScope
7
Will this key fractal play out and end the parabolic run for BTCI've tried to make this as visually comprehensible as possible by tracking each move, thus giving us a possibility of a third fractal playing out to end our parabolic run. As noted in the chart, we may not compete the entire fractal and end midway. Each fractal seems to exist within it's own channel before ascending out of it into a new one. That would make sense as a parabola. I've given two scenarios, one in blue (breaking into another channel) the other in magenta (staying in current channel). Also the 4 hr ichimoku cloud JUST flipped green giving us the go as we have established good support below us for several weeks now. Let's see how this plays out.
COINBASE:BTCUSDLong
by BTCilyKandinsky
4
This chart is why I am wiring money to Gemini tomorrow morning Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Sawcruhteez Strategies: Comprehensive Trading Strategy - Consensio | Comprehensive Trading Process | How to BUY THE DIP | Advanced Dollar Cost Averaging Methods I am not recommending that you do the same, and I will also be waiting for confirmation. In the mean time I want to be in ready position with fiat that is ready to convert to crypto. I do not believe in the fundamentals of Ethereum, or other alt coins, but the ETH:BTC ratio is at historical support and I intend to buy spot ETH if the bull flag confirms and then convert to BTC when the ratio rallies and / or gets overbought. If you are inclined to buy ETH because of this chart then you had better have a clear cut stop loss and take profit strategy. I intend to buy all the way down to the 200 day EMA and exit if there is a death cross with the 50.
BITSTAMP:ETHUSDLong
by Sawcruhteez
6
ETHEREUM ON TARGET TO REACH $350 AND BEYONDHey Everyone, ETHEREUM seems to be in a sideways forever pattern but if we look Ethereum has out performed Bitcoin with a massive 240% profit compared to BTC 175% since our Parabolic rise started in December 2018. ETHEREUM has one more push here and then another correction and after that we should again have a strong push higher to $350 and beyond. If we also have a close look at the ETH/BTC pair we can see that ETH is currently holding strong in comparison. REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not 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
BITMEX:BETH
by LisaNEdwards
11
Parabola exhaustion imminentBased on the current momentum of the parabola, we should be at $20k by April 28th 2019, assuming we go back in time. If we do, that's great, everyone will be rich today assuming we go forward in time after we roll back. If we continue to go back in time, we could honestly be at $100k by December 17th 2017, back when BTC originally topped out at $20k. In all seriousness, this parabola is getting exhausted. The two white lines I have drawn indicate at what point the parabola goes literally beyond 90 degrees, something impossible in mathematics as there can only be one output for every input. Then again this autistic parabola I've drawn isn't exactly derived from a mathematical equation to begin with. It's just a curve.
BITMEX:BTCUSD.PShort
by steven76
XBT and BTCUSDT 4H charts (5/22/2019)Good morning traders. As mentioned yesterday, price did bounce off the drop through the bottom of the diamond. Will it continue higher? Short TF looks like price may have printed a double bottom which would provide a short term target of around $7980 if we can get a close above $7830/40. This would take price to the top of the local TR once more after printing, what appears to be, a spring (with the second bottom shortly after being a test). Supply on the orderbook remains heavy through $8400 at this time. How much of that supply is just there to convince retail traders to sell into the professional hands, though, before price takes off to finish the parabola? When looking at the various exchanges, we see that price hasn't broken that parabola on the daily chart yet. For exchanges like Bitstamp, we may have to ignore that sharp drop down to $6000 recently as it is an outlier and the rest of the exchanges hit a low of around $6600-$7000 or so. I know everyone has these low targets of $10,000 or less, but if we are about to hit the final leg up of a parabola then it makes more sense that we hit $14,000-$15,000 at least. The last thrust of a parabola usually produces multiple large candles in succession as continually, quickly rising price leads to strong retail FOMO thereby printing an overextended 5th wave (the longest of the series). If that's the case, and our 3rd wave was from ~$3300-$8300, then we see that this final wave is likely to target $15,000 or higher. Of course this is all highly speculative, but such is the nature of parabolas making them extremely difficult to trade effectively. Everyone will be tempted to try to ride it up as far as it goes, and even when it gets to that point, most traders will continue to hold while hoping that it heads up higher. Is it possible that we could see price top out near the ATH? Believe it or not, that is a possibility, especially since we understand that the 2018 correction was a corrective wave and the first subwave of the next wave set usually tops out around the previous wave's top. I'm certainly not trying to cause any FOMO, but laying out the case for extreme moves possibly coming so that traders aren't caught unaware. For now, I have the Bitmex and Binance charts to give traders an idea of the differences across the exchanges. As I have been mentioning, the May 16th-18th low is too varied across the exchanges to have price drop from here, I believe. So my expectation continues to be up further and I remain long. We can see price possibly printing a pennant or flag at this time with the 4H pivot continuing to provide support. RSI remains bullishly above 50 and Stoch RSI just bounced in oversold and is currently printing a bullish cross. If price breaks the descending resistance, then traders can likely look for price to at least target the daily R5 pivot around $9300-$9400, depending on which exchange you are looking at, with $10,000 normally being a strong psychological level, and the weekly R1 pivot printing around $12,850-$13,050. Additionally, we have the large descending wedge target around $14,600. Those would be the big levels that I would watch. Daily RSI is below overbought at 66-67 and Stoch RSI is in oversold. So there is room on these larger TFs for a final large push up. As I have mentioned all along, I'm looking for clear bearish divergence on the daily TF to indicate that this wave set has completed. All this bullish talk being what it is, there is the possibility that we are printing a large double top. If that's the case, and we close below that May 16ht-18th swing low, then I would be looking for price to find support around $5000-$5300. I'm not sure how the 4H Stoch RSI could sustain such a drop at this point but I am watching just in case. My final thought to share with y'all is that Memorial Day weekend is coming up in a couple of days in the U.S. It is likely that most traders in the U.S. will be taking trips and spending time with family for the extended weekend. Memorial Day weekend is usually Saturday-Monday, however many people take Friday off as well. As such, there's a case to be made for a strong move up between today and Friday, or during the weekend when significant volume is often absent from the market. Traders should remain especially vigilant. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITMEX:BTCUSD.PLong
by Chris_Inks
1
Organigram Holdings: A great investment in the Cannabis Sector.OGI is one of the market leaders of the cannabis sector, trading on the All Time High zone. The 1M outlook is incredibly bullish (RSI = 71.765, MACD = 1.690, Highs/Lows = 1.9471), the 1W very stable (RSI = 62.331, MACD = 0.850, Highs/Lows = 0.1564) trading within a parabolic pattern that aims at 13.00 towards the end of 2019/ beginning of 2020. They most optimal long entry will be when the price enters the parabolic supporting channel (lower trend line - dashed trend line) as every time Organigram Holdings has touched or entered this zone, it has made new Higher Highs. We are bullish long term on this stock. See below a similar cannabis stock we've picked: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
OLong
by InvestingScope