a weekly price action market recap and outlook - nvidia #2Good evening and i hope you are well.
Last time i talked about Nvidia was 1 week ago and Nvidia at 610. Time to revisit and adjust.
If you took the trade, you made about 51 points. I anticipated a much bigger and longer sideways to down move than we had but that is not important because i said buy and it was buy and it's still buy.
So what's next for the stock?
I still don't care if you are Jensen himself and you still think this stock is overbought. My guess would be that most Nvidia employees who are not c-level, sold their stock way below 600 and probably calculate their "loss" in missed gains on a daily/weekly level. Does that mean the stock will stop going up in a parabolic way or even down anytime soon? Guess .
The thing about FOMO rallies is, no one knows where it will end and it can go so much higher and longer than anyone would have ever guessed. That does not mean it can't go the other direction for a quick 10% in a matter of hours as well. Why? One reason for this behavior could always be that most traders who are long in them, think this rally is a gift from the heavens and keep a tight stop. So if we get one big bear bar, we might as well get a couple or at least sideways movement. What more perfect occurence that the next earnings release is only 13 trading days away.
Enough bearish talk. This stock is just going up and there is no reason why this can't continue for another 1-2 weeks. I have painted some rough targets above where some profit taking could occur. Big round numbers are always good for that.
I have some calculated targets around 700. If market keeps giving, 800 is not out of the question and there is also a "complete insanity move" target at around 900 but if you bet on that... Don't know what to tell you. That's the hail mary throw of throws.
short term: up
medium-long term: I try hard to push any bias aside an focus only on the price action for this parabolic rally. It's unsustainable and will require some sort of correction the next weeks to months but when and how deep? No. One. Knows. So i won't pretend i do. You have to wait until it happens and then see how it unfolds to calculate targets. If you try to pick tops here, you are as good as broke.
Have a great sunday
Parabolic
1000x GRINCH TOKEN GEM 🚀 Grinch Token: Unwrapping a Potential 1000x Gem! 💎🌈
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btc dominance doing jsut as i said yesterday!I mean seriously, look at it, exactly as predicted!
Hope this information finds you well and is helpful!
original post:
"This support and Resistance Line has been relevant for over half of the crypto markets life span. I believe this a final retest before going parabolic!
What an exciting time!
Comment let know your thoughts
If you like my content please follow"
#BTC Will history repeat itself? - Hunting for ARCSThe Bitcoin chart showcased illustrates the characteristic parabolic arcs that in the past heralded significant market turning points. These arcs depict periods during which the price of Bitcoin rose sharply, only to experience equally vigorous corrections. Such patterns raise the question - will the current price movement of Bitcoin conclude with a similar parabolic arc? This visualization aims to direct investors' attention to these potentially key formations, which could act as signposts for predicting future price movements. Recognizing these arcs becomes a "hunt," where traders endeavor to discern potential warning signals before market history repeats itself.
WARNING: Prices in financial markets are subject to change and may be volatile. Predictions are based on historical data and may not accurately reflect current market conditions.
Will History Repeat Itself? - Hunting for ARCSThe Bitcoin chart showcased illustrates the characteristic parabolic arcs that in the past heralded significant market turning points. These arcs depict periods during which the price of Bitcoin rose sharply, only to experience equally vigorous corrections. Such patterns raise the question - will the current price movement of Bitcoin conclude with a similar parabolic arc? This visualization aims to direct investors' attention to these potentially key formations, which could act as signposts for predicting future price movements. Recognizing these arcs becomes a "hunt," where traders endeavor to discern potential warning signals before market history repeats itself.
🚀 MNT Skyrockets: From Head and Shoulders to Parabolic PUMP 🚀 In the thrilling realm of crypto, Moneta (MNT) has orchestrated a captivating comeback, executing a grand Head and Shoulders reversal pattern beneath its all-time low. Currently, the charts portray a mesmerizing ascent as MNT dances within an ascending channel, resembling the onset of a parabolic rise.
Chart Analysis: Head and Shoulders Resurgence Leads to Parabolic Momentum
Head and Shoulders Triumph:
Moneta orchestrated a substantial Head and Shoulders pattern beneath its all-time low, signaling a powerful reversal in market sentiment.
The completion of this pattern acted as a catalyst for a profound bullish upswing.
Ascending Channel Dynamics:
MNT is currently navigating within the confines of an ascending channel, reflecting a sustained bullish momentum.
Ascending channels often precede parabolic movements, suggesting the potential for a robust upward surge.
Anticipated Scenarios: Ascending to New Heights
Parabolic Growth Anticipation:
The presence of an ascending channel is indicative of an accelerated price movement.
Traders and enthusiasts are eagerly awaiting whether Moneta is poised for a parabolic ascent, possibly reaching new heights.
Strategic Approaches: Riding the Wave of Momentum
Entry Strategies:
Traders might consider strategic entry points based on the ascending channel dynamics.
Given the potential for parabolic movement, early entry with proper risk management could be a key strategy.
Monitoring Critical Levels:
Critical levels within the ascending channel should be closely monitored for potential breakout or breakdown scenarios.
Continuous assessment of MNT's price action is crucial to adapt to changing market conditions.
Conclusion: Moneta's Resurgence into the Stratosphere
Moneta's journey from a Head and Shoulders reversal to an ascending channel paints a compelling narrative of resilience and bullish enthusiasm. As MNT flirts with the prospect of a parabolic surge, traders and investors are on the edge of their seats, eagerly watching whether Moneta will carve its path to new heights.
🚀 Head and Shoulders Revival | 📈 Navigating the Ascending Channel | 🌌 Envisioning Parabolic Heights
❗See related ideas below❗
Share your insights on Moneta's exciting developments, and join the conversation on the potential for a parabolic rise in the near future. 💚🚀💚
AVAX - PARABOLIC Next Bullrun🐮+400% TPHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
AVAXUSDT is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade. As we see the markets current trading in the accumulation phase where range trading is common, I'm expecting sideways trading between the support zone and the resistance zone. We can then expect the final low volume selloff, as per Wyckoff Method Phases.
Interested in another altcoin that's trading under it's first ATH? Check out Litecoin :
Remember to hit 👍 and follow if you love money !
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XRD & GFAL 💎Don't Sleep on these ALTS!Hi Traders, Investors and Speculators of Charts📈📉
In today's analysis, I present to you 2 gems altcoins with great setups and great upside potential - XRD and GFAL .
Let's take a look at ideal buy zones and future upside potential in this quick video analysis.
Don't forget to check out this update on LINK:
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CRYPTO:GFALUSD MEXC:GFALUSDT BITFINEX:XRDUSD KUCOIN:XRDUSDT
XRP Monthly Breakout to happen by 2025XRP Monthly Breakout to happen by 2025
Here are some targets I expect to see with my XRP bags in the next 2-3 years tops.
Ripple Stock Market IPO, BTC Halving, Providing Economic Solutions to Liquidity Crisis, and Regulatory Compliance will all be reasons XRP has thee most anticipated runs of all history.
Brad G has kept his confidence in the community and team, with rumors of an Escrow Burn (I dont think will happen) It could bring the price to even higher levels than shown in my NFA prediction.
The community is in fear due to the SEC continuing to keep their noses too close to our industry, but what people don't seek to understand is why they're still here.
XRP has passed BTC before in Market-cap and regulators became worried back then.
The community has continued to grow and support the team which makes me think the SEC speculation is merely FUD. They are worried about potential overtakings of the Swift system and they don't want to make any stands because then they would lose the grey area they're currently trying to exploit. The lawsuit had something to do with Ripple, XRP is totally different.
XRP is a utility token trying to solve thee biggest problems such as our financial system. The SEC and democratic party are okay with printing money to stifle innovation in America.
When this begins to happen again, flood of money should flow out of the government who is acting off of mainly borrowed money because they're broke and people will begin to lose trust and faith.
FDIC concerns could also cause banks to require XRP in order to help with liquidity!
Always do your research and never click random links !!!
Keep your wallets safe this bull run and be smart!!
GDC - Bull Flag Consolidation to WatchGDC has ran up over 400% after coming out of nowhere to ascend parabolically over
the past several trading days. Relative volume is about 5-10X the normal average volume
in the past months. Price action consolidated as the early buyers took their profits.
Consolidation is shown on the chart as a regression channel bounding the fade.
This pattern is suggestive of a high and tight flag pattern on an narrow time span.
I see this as worth watching especially if price can breakout of the channel especially
if with an engulfing green bar ( big ass candle/ e line strike) confirmed with a volume
spike over the running average. If so buckle up and be careful in riding the
volatility.
Be mindful, this could be a pump and dump. It is up 10X= 1000% I cannot find any
news or catalyst. It may be in the mining and land development realm. This
would be in the Calgary Canada area possibly building out whole new communities
near mining or oil drilling operations. This could be manipulation.
by insiders. No matter traders may pile into this. So far as I can tell it is
difficult to short and no options. This is speculation. Probably only for
the nimble to get in watch for a quick 100-200% return and get out to sell to
the next wave of buyers stepping in.
BAKE going fractalobolicYou say FRACTAL I say BINANCE:BAKEUSDT !
Just look at this! 30m TF right before and 1h TF at newest formation, the same structure with the volume, almost the same FIB.
Adding to the fact that we're about to break the Long going trendline
AND the fact that it has just announced a partnership with BASE L2 blockchain
We might see the very parabolic move. Are we gonna see next 200%? It's a matter of days if we'll see it.
High Risk. High Volatility. Probable High and quick reward.
$DXY Dollar Index Can Go ParabolicTraders and Investors,
No matter what the media and general consensus say, simply look at the charts and trade what you see.
The dollar made a huge sharp move down recently which made the majority think and post about the "Dollar Crash". I saw 1000s of posts on social media including some from institutional analysts. But almost immediately the dollar has recovered and is back at the same level of 102.5. 🙂 This effect has been witnessed in commodities and equity markets.
As I write this on Aug 12, 2023, the dollar is showing great strength in the chart pattern formation. The pattern is kind of 75% complete so this analysis post is kind of an early warning. This early warning was sent to private clients a little while ago.
This pattern if finds momentum generally ends up in parabolic movement. Having said that there are a few things that we must consider:
1. This is a higher time frame analysis (daily/weekly chart) and picture so it may take its own time. Keep things in perspective.
2. There are 200 sma (daily time frame) along the way (yellow line) that can act as resistance. That is a good barrier to this pattern.
3. There are several levels and zones along the path to the ultimate target around 109-110. Over time DXY may go up and down on the relatively smaller time frames around these zones as a market never goes up in a straight line. Not DXY anyway 🙂
4. There are several gaps that were left unfilled to the upside. DXY usually does not leave any gaps open. There are a few gaps to the downside as well.
5. Watch USDJPY and USDCHF with it.
Please support this analysis by liking and sharing. 👍🙂
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade setups, and updates on this analysis
✅ Don't hesitate to share your ideas, comments, opinions, and questions.
Take care and trade well
-Vik
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📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
XLM Decision making time!XLM broke out of its bearish downtrend after a 100%+ move from the XRP case verdict. After this breakout, it had a solid pump and is now sitting right below resistance. Ii can see XLM pump up to .1670 before being rejected but if it fails here I would wait for the purple line below to get retested again before entering a long trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
AGLDUSDT Going Parabolic??Hard to find any clear direction for the crypto market at the moment but one crypto of late that looks interesting may be found in Adventure Gold. Or AGLD to USDT more specific. It has pumped almost 100% but since then has fallen back down and now finds itself at a fairly nice deep retracement spot.
A major level of interest for me for a long would be found between $0.66 and $0.63. If the overall bullish momentum we've seen thus far is any indication, its my belief that AGLDUSD is in the midst of going parabolic with $2 being the price it could test in the coming weeks.
Bitcoin - Parabolic phases (1 million USD in 2044)
As per my calculations, the price of Bitcoin will be 1 million USD in 2044, which is 21 years ahead. And it's still a pretty optimistic price target, in my opinion.
Please do not expect some big parabolic phase to reach 500,000 USD in the next few months or years. This is not going to happen because you are too late for the party.
In 2017, the crypto bubble popped, and phase 2 of the parabolic phase ended. 2017 was historically the biggest year for altcoins and bitcoin. Everything went up, including scam coins, and it will never be like this again. Now Bitcoin is in phase 3 / phase 4. Phase 3 is not sustainable because otherwise Bitcoin could hit 100 million USD in 10 years. Just calculate the market cap; it doesn't make any sense. That's why I am sober all the time and focus on realistic price targets.
Bitcoin is still a good investment, and you can trade the major cycles. Buy low, sell high. It's easy to say, but it's not that easy for the majority of market participants.
If phase 4 of the parabolic cycle breaks, then it's likely for Bitcoin to go sideways for 5–10 years, but in my opinion, it's not going to happen because the trendline of the parallel channel is pretty low, and with the current date, Bitcoin has to drop below 4700 dollars, which is not going to happen.
This is a very realistic technical analysis. 1 million USD in 2044 is not impossible, but the majority of retail trade thinks that 1 million should be hit in a few years.
In approx. 2140, all Bitcoins should be mined, and there will be no new BTC mined at all. Miners will receive rewards from the transactions of chain users.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
📉 Falling Wedge Alert on $BTC! Parabolic Trend Holds Key! 💹🚀Hey traders! Today, I want to share an exciting chart pattern I've identified on CRYPTOCAP:BTC (Bitcoin). Let's dive into the falling wedge pattern while considering the significance of holding the parabolic trend. 📊💡
Pattern: Falling Wedge 📉🔽
Symbol: CRYPTOCAP:BTC 💰
Overview:
A falling wedge is a bullish chart pattern characterized by converging trendlines, with the upper trendline sloping downward and the lower trendline sloping upward. When combined with holding the parabolic trend, it could indicate a potential reversal and continuation of the upward trend. Let's explore the falling wedge pattern on CRYPTOCAP:BTC in more detail. ⚡💹
Key Features of the Falling Wedge on CRYPTOCAP:BTC :
Converging Trendlines: Observe how the upper trendline connects the lower highs, while the lower trendline connects the higher lows. This pattern suggests a potential shift in market sentiment. 📈📉
Parabolic Trend Support: Pay attention to the fact that CRYPTOCAP:BTC is holding the parabolic trend, indicating a strong bullish bias. This support adds weight to the potential reversal signal. 🚀📈
Breakout Expectations:
A falling wedge pattern often precedes a bullish breakout. Traders typically anticipate a decisive move above the upper trendline for confirmation. It's important to wait for a clear breakout before considering any trades. 🚀📈
Trading Strategy:
Entry Point: Consider entering a long position once CRYPTOCAP:BTC convincingly breaks above the upper trendline of the falling wedge pattern, supported by the parabolic trend. This breakout may suggest a potential trend reversal and continuation of the upward momentum. ⬆️💰
Stop-Loss: Set a stop-loss order below the lower trendline to manage risk and protect against potential downside. ⛔️📉
Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈
Risk Management:
Remember to implement proper risk management techniques, including position sizing, stop-loss orders, and adherence to your trading plan. It is crucial to carefully manage your risk exposure while trading CRYPTOCAP:BTC or any other cryptocurrency. ⚠️💼💡
Disclaimer: Trading cryptocurrencies carries risks, and it is important to conduct your own analysis and seek professional advice before making any investment decisions.
#FallingWedge #Bitcoin #BTC #Cryptocurrency #TechnicalAnalysis #TradingStrategy #ParabolicTrend #BullishReversal #RiskManagement
In conclusion, the falling wedge pattern identified on CRYPTOCAP:BTC , along with holding the parabolic trend, suggests a potential bullish reversal. However, exercise caution and wait for a confirmed breakout before making any trading decisions. Stay tuned for further updates on $BTC! 💹🚀
(Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚