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Parabolic

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
Update: Is Bitcoin Going Parabloc? - YesLast time I made a similar post about Bitcoin's parabolic behaviour, we were still below 15k. Only 11 days later and we might already be hitting 17k soon. Bullish sentiment is higher than ever. Together with the stock markets, Bitcoin profits from the US elections and the reduction in uncertainty. Pair this bullish sentiment with the constant addition of USDT into the market and we have a recipe for parabolic growth. The next minor resistance is around 17k. Consider taking some profits there. If the price manages to beat the 17k resistance like it did with the 14k major resistance, there's nothing stopping Bitcoin from reaching 20k again.
Long
by FieryTrading
BTCUSD | New ATH coming in parabolic patternBitcoin and the aggregated crypto market are seeing growth as the stock market rallies. This comes shortly after Pfizer announced that their vaccine for the rapidly spreading virus has 90% effectiveness. This is great news for the stock market in terms of reducing global uncertainty and boosting the economy, but it is bad news for safe haven assets like gold – which have nosedived. Bitcoin is still steady in $15 000 - $16 000 region. Nevertheless, one of analysts believes a move past $16 000 is just a very beginning. You can see his Bitcoin price action forecast till the end of the November with a possible monthly displacement till December 2020. He found Bitcoin price action will confirm parabolic pattern in case of finishing 3rd consolidation base on November 15th at the area above $15 700. This scenario can lead the price to a new ATH around $23 600 level in case of burst which occurs after parabolic pattern completion. You can see risk management and target levels for the analysis at the chart Will Bitcoin reach a new ATH in the following months? It will be a miracle and a disaster at the same time. Last time Bitcoin grew enormously in parabolic pattern we had 2 years of depression at the cryptocurrency market. Anyway we cannot affect the market so let's just prepare a bag of pop corn and see how the situation develops! DISCLAIMER Do Your Own Research. The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances.
COINBASE:BTCUSD
by Skyrexio
AMZN: Arithmetic and Logarithmic Charts ExplainedIn this post, I'll be shedding light on the difference between arithmetic and logarithmic scale charts, and how to best use both charts to your advantage. Arithmetic Chart - The chart on the left is a chart that uses the arithmetic scale - This is the chart most common to us all, and one that's easiest for traders and investors to comprehend - An arithmetic chart represents price on the y axis, using equidistant spacing between the prices - This is demonstrated on the arithmetic scale above; the distance between 1 and 2, is the same as the distance between 8 and 9 - Arithmetic charts demonstrate absolute value Logarithmic Chart - The log chart on the right side has a different approach to interpreting price movement - The y axis uses equidistant spacing between designated prices - This is demonstrated on the logarithmic scale above; the distance between 1 and 2, is the same as the distance between 2 to 4, 4 to 8, and so on. - The logarithmic chart demonstrates the percentage change in the underlying asset's price Case Study: Amazon (AMZN) - We can take a look at Amazon's arithmetic and logarithmic charts, dividing them by significant phases to better understand the differences - We can first see that the area marked by 'extreme volatility' on the log chart, is much more drastically demonstrated than that of the arithmetic chart - This is because price fluctuations in terms of percentages were drastic at the time, due to the Dot-com Bubble. - For more information on the Dot-com bubble and today's stock bubble, you can check out my other analysis below: - However, because in terms of the absolute value changes during the Dot-com bubble are minuscule compared to the price fluctuations today, the phase of extreme volatility is barely noticeable in the arithmetic chart - In the period of a 'steady uptrend', we can see a clear and steady uptrend in the logarithmic chart, indicating that the stock moved up at a consistent pace, percentage-wise - The arithmetic chart, while not drastic in the uptrend's degree, demonstrates parabolic momentum building up - We then have the 'exponential growth' phase. Here, we see a move from $400 to $3,400 on the arithmetic scale. - However, the logarithmic chart merely demonstrates a steady uptrend without much volatility. - This is because while the absolute value of the stock has risen significantly over time, the percentage change in the rise was consistent. Conclusion While the arithmetic chart is more familiar for the average trader/investor, logarithmic charts help us clearly view long term data, especially when price points show immense volatility during the short term. As such, log charts can be effectively used in for technical analysis of cryptocurrencies, as well as volatile tech stocks with long price history. The understanding of the log chart is an effective tool, but it must be used with caution, since most people intuitively interpret a chart as an arithmetic one. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
NASDAQ:AMZNEducation
by Michael_Wang_Official
7
$JKS JinkoSolar Overextended - Bearish Options Activity$JKS JinkoSolar Holding Co. - RSI and volume trending down after a huge parabolic runup recently. Expecting a near term retrace sub-$50. Keep a close eye on the 20d ema line on the hourly chart. This has held up as support this entire run. A break below this line will confirm the downward move is underway. Recent Bearish Options Activity: 15k $55.00 strike (OTM) 10/16 puts traded last Friday (7x OI) for $2.4M in premium. Near term target: $44-$48 range
NYSE:JKSShort
by Triple_Barrel_Capital
5
Bitcoin 50 Week SMA Higher than EVER! I started publishing charts a year ago and all of my charts have stood the test of time. This makes me so happy! I love charting Bitcoin's macro trajectory and will keep doing so for years to come! Follow me for periodic insights you won't find anywhere else. I will point out things that NEED TO BE SEEN. Peace, Love, & Crypto, B166ER BULLISH: 1. 50 Week SMA is HIGHEST EVER and BUILDING SUPPORT UPON IT!!!!! 2. Building support on symmetrical triangle 3. Building support on $10.5k 4. Above 10K for almost 70 consecutive days 5. Weekly RSI above and bouncing off 55 6. Still on exponential growth trajectory 7. We are post-halving BEARISH: 1. Bearish weekly MACD cross
KRAKEN:BTCUSDLong
by B166ERcrypto
1