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Parabolic

BTC arriving at BIG resistance, early! but....I am bearish BUT, with bullish optimism and a possibility of big a big bull, based on current market momentum. This is actually a great place and likely place for it to pull back based on its prior pattern, but this momentum could prove otherwise. I am marking this neutral and no one wants to review neutral reviews they want to see bull or bear. The thing is we are at a pivotal point that will make the case for either a prolonged bull or bear market. I am not sure if we will break out or break down but I have painted the picture of how we are at that point right now. I will post again bull or bear once it seems to have committed to one or the other but otherwise just keep your eye on the trend lines. ------------------------------------------------------------------------- Here we are around $1000 less of $82.5k and we got here early. We are likely to have resistance here but breaking this line would be really significant and likely signal a parabolic crypto market to come, massive. The odds would put it at pulling back here as it has already twice in the past 4 years, and at minimum some resistance where it can consolidate potentially all the way up until late Dec before making a decision. It may still be December, but really the market feels like it might have enough fire to push through it real soon. ------------------------------------------------------------------------- Order books have actually been fairly range bound all year, we are at the high end but its nothing that screams some large increase in participation of day trading. Per CoinMarketFlow, global order books are around a -10% ratio on a 1d candle average at above 10% depth of market. This is actually ideal as it represents day traders with limit orders that expect the price to rise and less that expect it to fall. This is bullish ATM. I have been seeing lots of alts breaking resistance and converting it to support, lots of chance for jumps. Right now seems like a day traders paradise with 25%-50% sometimes 100% runs in a single day, from lower liquidity, low circulation coins especially. Right now the fire of the market makes me think we may break the resistance and truly fly to the moon. But the fact that order books have only grown by about 10%-15% or so over the last year, does make me question the durability of the run without more gas for the fire so to speak. If BTC breaks that 82.5k and proves it as support, it is as bullish as it gets, like hyperbolic potential. On the other hand, if we resist here again, as usual, then it could be a lot of prolonged pullback with a potential absolute low between $30k-$40k probably - based on this chart you are looking at now and considering a pullback like it did the last two times. So its more of a bearish layup that looks like it has the possibility to convert bullish. I would caution to be vigilant at or near this line and let it choose first before taking any real action. As usual DYOR but consider this trendline as one of your many things to watch to help you make more informed decisions.
by EncryptShawn
AVAX vs BTC | ALTCOINS | Life Changing IF This Pattern Plays OutFractals have been used for years as possible suggestions to map how money moves in the financial market. This is what gives them significance; they draw out a sort of map. The hard part about fractals though, is that they often appear cross markets and it is no easy feat to spot similarities on large scale. However, to the seasoned eye, fractal-spotting becomes easier over time. There is a misconception that fractals can only be used in the same timeframe. This is simply because, as with Bitcoin, there is a large history of candles (data) that plays out in an elaborate pattern. Daily candlestick patterns become lost in weekly patterns, even though the general direction / macro is the same. In the case for AVAX, a similar pattern has been observed in BTC before the COVID pandemic - and it has been playout out perfectly, so far. ______________________ BINANCE:BTCUSDT COINBASE:BTCUSD BINANCE:AVAXUSDT
COINBASE:BTCUSDLong
by CryptoCheck-
1
BTC - Do You Remember This? Now What?Hello TradingView Family / Fellow Traders, 📍Following my last BTC Monthly log view analysis on November 11, 2022 , we anticipated the bulls taking control after rejecting the lower green trendline and horizontal support. Currently BTC is approaching its all-time high! What's Next? 📈 If the current all-time high (highlighted in red) is surpassed, we anticipate a 254% increase, mirroring the last bull cycle. This aligns with the upper boundary of the green channel and the 200k - 250k round numbers. ⚠️ However, the journey may encounter bumps, leading to sharp correction movements to shake out weak hands. This bearish scenario, would mean retesting the lower green trendline before surging! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
BITSTAMP:BTCUSDLong
by TheSignalyst
22
Is this what going "parabolic" looks like?Everyone is well aware of the fact that the Fed will soon be cutting interest rates. That's a given. If so, I'll be interested to see just what affect this will have on the market. It's hard to argue that it won't be a positive, but as some would say, there's a reason why the Fed would feel the need to lower rates...a slowing economy! I am not a prognosticator by any stretch, but just a chartist, and as such, it's hard to ignore what is beginning to look like a parabolic feature in the Nasdaq market. How will we know? Once rates are lowered (if and when), we look for either a continuation of the steepest uptrend channel and break of the July high, or down we go with a break of the uptrend channel to support levels.
CME_MINI:NQ2!Long
by EdStewart
1
LRC, SONIC THE SEQUEL (LOOPRING) Here it is!! Price targets (sell targets) red/light red Two current trends that are fairly major, which were on the old chart. Parabolic curve meaning short term movement which can really pull the price in some crazy directions. However, be careful because I currently can't find a real number over 71 and I more real, 54 or so, which aligns with the trends and creates a nice pullback opportunity to retrace the price down to .2 Here is the thing, on the 4h we have a favorable buy with RSI and a number of indicators. However, on almost every other chart, the buy signal is bullish but overvalued, meaning, things are coming to a conclusion from this runup. The question is, did we see the final impulse to the rejection trend and now we need to head down and confirm support or will we see another impulse up and over trend taking us right to .79 and it can easily melt up higher from there. A new chart would be needed should we start pushing higher targets, overextending trends and all that fun stuff. I think there is potential with the coin, but I also think Dogecoin is better as a long term hold, along with ETH and BTC. However, like I said, there are lots of great things to buy but also remember, we just say an over 100% gain in a short period of time, which is A LOT, but not always a lot for crypto due to how fast the market moves since covid. So what does all of the above mean? Be careful buying this coin because there is downside showing on multiple charts and we are topping out, however, be greedy because there will be up and down movement and chances to make money, exit at profit, limit losses... whatever your trading style is, follow that. Unless you just lose all the time, then try something different haha. Final Short term: BEARISH PROJECTION MID/SHORT TERM: BULLISH MID TERM: eh, idk, probably bearish LONG TERM: BEARISH until confirming some price targets on the top side (new) or low side (old) LONGEST TERM: IF GME, big. IF not, RIP.
COINBASE:LRCUSD
by nicktussing77
2
AXS Analysis: Symmetrical Triangle Breakout and Market IndicatorThis analysis examines the recent price action of BINANCE:AXSUSDT AXS, focusing on the symmetrical triangle pattern and its potential breakout scenarios. 📉🔺Parabolic Move and Symmetrical Triangle: AXS experienced a parabolic price surge and subsequently entered a symmetrical triangle pattern. This pattern indicates a period of consolidation and uncertainty before a potential breakout. 🔽Breakout Scenarios: A breakout from the triangle could lead to two main scenarios: 1. Upward Breakout: A breakout above the triangle's upper resistance could signal a continuation of the upward trend. 2. Downward Breakout: A breakout below the triangle's lower support could indicate a bearish reversal and a downward movement. 📊🔺Market Indicators and Considerations: The direction of Bitcoin dominance and the Total Crypto Market Cap (TMC) index can influence AXS's price action. In the 4-hour timeframe, the 50 EMA is acting as a support level, potentially affecting price movement. ⛔Additional Considerations: False breakouts are possible, and traders should exercise caution and rely on confirmation indicators. Analyzing other technical indicators and market sentiment can help refine trade entry and exit strategies. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
Short
by solinash1
📈DYDX: Is it finally breaking out?🔥🔔🔍DYDX is finally breaking out of its consolidation range after 672 days. The price is currently trading above the supply zone and is supported by a well-defined curve. This could be the start of a parabolic move. ✅The fixed range volume profile indicator shows that we have broken out of the high-volume zone and are ready to start moving. The SMA25 indicator is also confirming the move and is moving along with the price. 🛒The current candle is a good opportunity to buy spot. We can enter after the candle closes. The stop-loss should be placed at $2.5, which is the previous low and the POC of the fixed range volume profile. 🚀For targets, I am looking at $7.8 and then $23.7 (ATH). However, I will not place sell orders now. I will wait and see how the price reacts to these levels. 📊One positive thing about this coin is that the volume has increased significantly during the recent move. This shows that traders are paying more attention to this coin. 💥The RSI oscillator is also entering the overbought zone. This increases the chances of a parabolic move. However, with the high buying volume, we can expect this move to be upwards. 🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
1
SHIB - About to go PARABOLIC ?🙀📉Hi Traders, Investors and Speculators of Charts📈 From the technical indicator in the weekly timeframe, we can clearly see how the price behaves when it is above the green trendline - parabolic. This means that if SHIBA can continue to close daily candies and the weekly candle ABOVE this trendline, the next likely price action is parabolic increases. The first three zones to watch will be : It's possible to expect corrections alongside the diagonal support line of higher lows. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck COINBASE:SHIBUSD BINANCE:SHIBUSDT
Long
by CryptoCheck-
6
📈 ICP Parabolic Pump ! Internet Computer (ICP) is currently exhibiting a parabolic movement, and the price action is approaching a crucial resistance zone at $14. This key level holds significance, and a successful breach could trigger a rapid and steep upward movement, potentially reaching $20. This analysis explores the parabolic structure and the implications of breaking through the key resistance zone. 🔄 Parabolic Trajectory: ICP's price movement is characterized by a parabolic trajectory, indicating an accelerated and steep incline in its value. Parabolic moves often suggest strong buying momentum and can lead to rapid price increases. 🎯 Key Resistance Zone at $14: The identified resistance zone at $14 is a critical level that has historical significance. Breaking through this zone is anticipated to be a decisive move that could trigger substantial buying interest and propel the price higher. 🚀 Potential Rapid Upside Move: The expectation is that if ICP successfully breaks through the $14 resistance zone, it could lead to a rapid and steep upside move. Parabolic structures are known for their potential to generate quick and substantial price increases, driven by increased demand and momentum. 🔍 Technical Significance of $14: The $14 level serves as a technical milestone, as it represents a significant hurdle that ICP has struggled to overcome in the past. A successful breach would not only signal strength but also attract attention from traders and investors looking for confirmation of a bullish trend. 💡 Trading Strategy: Traders should closely monitor the price action around the $14 level. A decisive break above this resistance zone may present an opportunity for bullish positions, with a target set at $20. However, caution is advised, and risk management strategies, including the use of stop-loss orders, should be implemented to navigate potential market volatility. 🔮 Future Outlook: The technical analysis suggests that ICP's parabolic movement could lead to a significant breakout if the key resistance zone at $14 is breached. Traders should remain vigilant for potential entry points and be prepared for rapid price movements. The cryptocurrency market's dynamic nature underscores the importance of adaptability and risk management in trading decisions.
Long
by AlexWhale