DgbUsdt possible scenario and buying opportunity....Traders , after a 15% correction from our last top , we 're still sitting on a crucial fib level . A consolidation around this area could lead us to more than 50%move to the upside . I'm not familiar with the A-E waves but following our fibs and our curve , the result could be around the corner. Don't be fooled , a possible re-test of the 0.382fib at 0.02044 is a possibility. NO LEVERAGE is the best play on this pair .If this scenario is validated , TP around 0.034 .Trade safe .This is not a financial advise . Ben.
Parabolic
Parabolic Breakout or Adam & Eve Double Bottoms Hello Traders;
BTC is currently located at decisive area for next weeks. We're kissing potential major resistance line while expecting parobolic breakout.
It's high risk to long here because we also have Adam & Eve Double Bottoms Pattern and we may see another drop to complete saucer.
Please share your thoughts for this idea.
Thanks.
TSLA is in the Thrill/Euphoria stage. Be cautious. -TSLA is in a very strong, parabolic uptrend. In my opinion, this stock has entered the Thrill/Euphoria phase of the market cycle. This is a good time to be cautious and evaluate the situation accordingly. Lots of indicators are suggesting this stock is very ahead of itself, and it is only a matter of time before the chickens come home to roost. TSLA is a not a stock to short as we've seen the last several weeks, but if you're long, how much more does it have in the tank? These are important questions to ask yourself as price is in the Thrill/Euphoria stage. I attached a link to the Wall Street Cheat Sheet (Psychology of a Market Cycle) below that has a nice infographic that shows where I think TSLA may be at the moment.
-If you guys recall, I made a bullish tradingview post when TSLA was around $180 several months ago. If you'd like to check it out, the link is here:
-The Wall Street Cheat Sheet (Psychology of a Market Cycle): wisecryptos.com
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Everyone Else Makes Up S**t On Here & Dumb Predictions Yeah so looks like get your moon hats or whatever ready because we are going to $46k+ very soon, yes any minute we are going to Moon and mass adoption is with us......
I know all because I drew some magic lines!
Reality is 99% of people on here in the crypto sphere talk shit and are just making it all up.
Crypto is one giant circle jerking casino, play it with that knowledge and get out when you can.
BTC Very LongBTC has bottomed out and is preparing for its long waited rally to the skies.
As you can see on the left chart, whenever BTC price has touched the lowest growth curve it was followed by a long term bull run and we are at the lowest point possible as of now.
Also the price on the left chart is forming a humongous triangle which in my opinion is a precedent to the next all-time highs. Expect the next parabolic bull run after the price breaks out of the triangle closer to June or July.
NEO now has parabolic potential on the daily chartI have no emotional attachment to this coin one way or another. If you look back a few weeks ago, we shorted it to the low 11s. However, given the recent resurgence of those lows, NEO clearly has a shot at a parabolic movement upwards. Maybe it will coincide with the platform upgrade to 3.0. It is very important to have a stop loss, maybe if the coin dips under 10 (break of parabolic advance) for a few consecutive daily closes, because these things can go either way. The R/R definitely favors a heavy long here.
Tezos XTZ Parabola possible breakdown. XTZ has broken out of a parabola curve, which predicts an 80% retracement of the advance. Personally I'd expect a retracement to the rectangle formation that Tezos originally broke out of. R/R is bad for a short setup, but if I owned any, I would consider liquidating or hedging here. Also might be worth looking at XTZBEAR tokens.
ETH taking a breather on its 2020 parabolic tearToday's pullback in ETH, influenced by BTC's, looks to be a short rest before resuming a heavily bullish parabolic rise. Since January 1, ETH has exploded with around 130% gains. The rejection at the .718 Fib retracement level, which correlates with BTC's at its .618, is healthy as RSI was very overbought. After a recharge, I anticipate the rise will resume and find ETH back at its previous 2019 high by the end of this month. Continuing along this parabolic curve would find ETH retesting its all time high around the time of the BTC halving.
Will Ethereum rocket to $421.00 or pullback to $246.00 ?As a follow on from a previous analysis on Ethereum, we can see the 1st target at the rectangular blue box has been hit.
ETH has pierced the fib level at 1.618 on the smaller fib retracement indicator and also the purple trend line shown by the green down arrow.
We will wait to see if today's candle closes above both of these levels. If so, ETH could get to the fib level 3 @ $422.00 based on a theory I have with parabolic curves in past crypto markets.
Was expecting a retrace at the 1.618 fib level ETH just pierced which would be in line with my parabolic curve theory. If ETH doesn't retrace the market usually propels to the 3 fib level without much resistance.
The EMA 55 also just crossed the MA 200 shown by the red up arrow, which is also a bullish indicator.
However, as always we aren't all one way minded and according to my curve (not the best at drawing parabolic curves I must admit) there is room for ETH to retrace back to the curve.
Also, if you look at the RSI, the red horizontal line is usually the peak ETH gets to on this daily chart. ETH has hit this mark or close to it so a pullback is still possible.
Today's candle will reveal which way ETH will go for now.
Happy trading legends!
HTBB
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SHOPIFY- land gracefully and REFUEL for more HIGH-FLYING ACTWho doesn't like the high-flying act? Sometimes, the proper rest is needed in order to soar even higher.
Shopify needs a deep pullback in order to draw in more trigger-scary investors who wait on the sideline.
Such parabolic movement is not sustainable with RSI hovers above 70 since early 2017 on the monthly timeframe.
Only one red bar in the last 14 monthly bars... It needs to cool down a bit.
For positional and long-term traders, check my pro & con list below.
Give me a like and follow me if you find my analysis useful. Much appreciated :D
Pro-
Strong CAGR
Dominate the e-commerce platform market by capturing the 31% market share
Growing gross merchandise volume- The value of all products sold by merchants on Shopify’s platform
Growing gross payment value through Shopify payment, creating an more integrated platform
Strengthened the Shopify fulfillment network with the acquisition of fulfillment automation company
Con-
Square partners up with UPS
Overvalued according to financial metrics (EV/EBITDA, P/S, P/E)
High burn rate that prioritizes growth over profitability (Weak EPS)
Negative free cash flow despite not heavily invest in R&D
#bitcoin - 3D, no reversal signs just yetHello there,
it´s been a while since the last Bitcoin update. After we have broken the last massive Resistance Cluster around the Yearly Pivot ($8137 and P-Q also) and leaving behind the former
corrective downtrend parallelchannel, we are now slowly reaching areas, that are significant again for Bitcoin´s further development this year.
Fired also by many external factors, Bitcoin could be pumping up to the resistance of the well-known major triangle, before next decision point is meeting the next battle between fear & greed.
Just to mention a break out now instead of testing the support leadline again, could be seen as absolutely pre-mature, hopefully not ending in a fake-out and decline.
Patience is key. This ride has been initiated by the inverted Head & Shoulders as bottom pattern at the lower end of the former parallel downtrend-channel.
Also Bitcoin has finalized the End-to-End (Ichi-Cloud) whilst now turning it into bullish favours. Can this be tested again? Certainly.
To make sure you are aware of possibilities here (assuming you like to trail stops and rebuy lower) I have as usual tried to mark anything important to help you making your own decisions.
There are currently no major since of decline just yet, so no acute reason to dump open long positions, it´s similar to ETH and Gold, try and let it ride, if you got in early enough.
Best wishes and happy trading,
Neru