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Parabolic

PENN-BARSTOOL become the face of all forms of legal gamblingThe current weekly chart is simply not parabolic enough for this partnership. The partnership of a generational media company already well versed in gambling combined with a brick and mortar casino company just blew the doors open. Current USA laws are now enemy number one for Dave Portnoy's bottom line. This will shift the tide of lobbying money behind the scenes along with already increasing numbers of how online products can increase brick and mortar numbers. Barstool sportsbook, barstool pizzerias inside casinos, barstool poker, barstool blackjack, the possibilities are endless with a battle tested following. This stock will quadruple in 5 years or less. First stop $50-$55
NASDAQ:PENNLong
by tigoee
1
Litecoin:BTC Push Through!Hello All, I am trying to be more consistent with my publishing and I wanted to post this since litecoin did break through the purple resistance. There was some sort of inverse head and shoulder, and it broke through the resistance, currently for the macro picture. it looks like it broke out of the descending channel in purple. This is really good as currently, it looks like litecoin is in a much larger descending channel and with the strong movements it had last run, I suspect that there will be a strong chance to reach the top of the channel which would be an approximate increase of 100% against bitcoin. I have marked all of the horizontal resistance regions with red rectangles (all of these areas are possible points of accumulation or reversal). Shorter Time Frame Analysis: In this image, there appears to be a complex head and shoulder, with two shoulders on the left, however, it is possible this left shoulder may not be symmetrical. If it is not, I would be suspecting strong moves through the resistance and a consolidation above it. If the left side forms a second shoulder because it is rejected at the resistance. I am looking for a retracement back to 6800 satoshi's. Best of Luck and Stay Technical! Previous Analysis:
by CuddlyCuddles
XRP holding strong with good supportMorning from sunny Arizona! Once again looking at the 4hr chart, we can see the 0.5 fib level created a lovely support for XRP at the .2340 mark. It has established a nice ascending channel which i believe XRP will follow until we have enough volume to make some sort of parabolic move. More so, we are well above the 200 MA which is very bullish in my opinion and most certainly establishing a long term trend reversal back to the long awaited bull market. Long way to go yet, but positive signs for HODLERS waiting to recoup their cash! Have a great day and an even better weekend.
BITFINEX:XRPUSDLong
by AZEB1A
2
Bitcoin Mini ExponentialHello All, For today, I wanted to talk about Bitcoins current price action. In my previous analysis of bitcoin we discussed the inverted head and shoulder and its price objective of 8500; in addition, I suggested that bitcoin would re-enter an uptrend. This analysis is a continuation of the previous, however, I will be analyzing shorter term movements. Keeping in mind the longer term objective, it does seem as if bitcoin is in a small parabolic move right now as the bases before each upswing is gradually reducing in duration. If bitcoin continues from this point as there is a possibility that there is a minor double top in this region with possible movement to 8300, it will be testing the horizontal resistance of 9400-9600 which was the previous support of the descending triangle. This is an important region to be analyzing because it was a strong support in that area, and it may be seen as a strong point of resistance. At this point it is likely that bitcoin will continue in the same direction until 9400-9600 (Expect to wick over this region), however, if price is rejected at this region, 8300 should hold as a shorter term buying point. Just to summarize, this mini parabolic move could go as far up as 11000 and 9400 is the point of the strongest resistance, so 9400-11000 is my interval for the price objective. On the daily I am really looking for a test of about 10k before there is a good solid rejection to for a strong consolidation something as presented below: Previous Analysis: Once again, determining tops for a parabolic is very difficult as most points of resistance seem to melt away as the mania heightens. For a more thorough analysis of parabolic movements please read my previous analysis: Best of Luck and Stay Technical!
COINBASE:BTCUSD
by CuddlyCuddles
When will BTC peak in the next parabolic rally?This is another iteration of a previously published chart, but simplified to drive the point home. Motivation Predicting the peak of BTC's next parabolic rally is critical for the profit-taking strategies of speculators and hodlers alike. For speculators, it's about knowing when to get out. For hodlers it's about how to grow your bags. Really, knowing the timing of the peak is more important than knowing the potential price levels. BTC is a deflationary asset. As market cap continually builds, flow is being squeezed on a pre-set schedule and real value continues to grow. So, we know price will rise. Whatever levels we may reach ($50K? $150K? $250K? 1 million?), taking profits requires knowing WHEN those peaks may be attained. Two Perspectives There seems to be two primary camps in the timing debate. In the first camp, there are analysts who note that the time between each previous peak has grown. For these analysts, the first all-time high of around $30 in 2011 is key. The subsequent ATH in 2013 of nearly $1,200 came only 2 years 5 months later (884 days). In contrast, the next ATH took 4 years and 1 month to arrive (1491 days). This 40% expansion in time between peaks logically leads some to believe we will see a similarly expanded time frame as we wait for the next peak, with many predicting peaks delayed until 2023 or even 2024. Such predictions, however, seem to discount or devalue the underlying architecture of BTC growth, the built-in halving cycle in which the flow of new BTC into the system drops every 4 years when the reward to miners is cut by 50%. The 2017 peak arrived 4 years and 1 month after the 2013 peak (1491 days). Was this a signal that the parabolic price cycle had become calibrated with the 4 year halving cycle? If so, the cycles seem to be offset by approximately 18 months, which would make the target for the next peak in or around December 2021, or some 18 months (1460 days) after the 3rd halving in May of 2020. The Upshot Obviously there are so many attenuating factors that can influence the market, and when and where we'll find peak price discovery is anyone's guess, but smart profit seekers would do well to monitor the market closely as we approach December 2021. Even if the peak is delayed, this should be a key profit-taking window for speculators. For hodlers, it will be an opportunity to strategically pull capital from overvalued BTC before the inevitable 75-85% retracement in which we can grow our bags with an eye to 2025 and beyond.
BNC:BLX
by DragonFish1969
WHY BTC WILL HIT 10k AREASo let's start with the similarities of these two charts.. After the end of the bear market of 2015 we see on the BLX chart that BTC also had a parabolic run similar to the one we are currently having . We notice on the BLX chart that between AUG 19 2015- NOV 4 2015 that the EMAs crossed up and over the 200 EMA and we started going parabolic shortly after, just like currently on my Binance chart. The MACD and RSI were also extended on the BLX chart before the blow off bear wick candle that ended the rally, just like our indicators currently look. Though our RSI has currently cooled off we could resume towards 90 again similar to how the RSI reacted on the BLX chart before the break down on NOV 4 2015. Now for some positive contrast... on NOV 4 2015, we saw a candle that showed us that a major pull back was eminent because of the bear wick. You could tell at that time that the sentiment was changing, people saw that we had made a higher high and that people obviously were taking profits, not buying up the pull back as if they were no longer bullish in general. It makes me think that currently we still have room to grow because you can see that in the last couple days the market is buying up the dips creating bull wicks like the 17th of May 2019. Currently candles have been finding support upon the 21 EMA , we have our lower EMAs crossed up and over the 200EMA. The dips are being bought up creating bull wicks, we are creating what seems to look like a ascending triangle pattern ( bullish ). The RSI has cooled off a little giving us a chance for another solid run upward, and the MACD does not look as if it wants to cross under the signal on the 1D Binance chart. Basically we look very bullish even though we have started to run up parabolic. Based off my analysis I see that we could hit the 10k area because it is the next major resistance, which we can find by looking left on the chart. I also caution everyone that in my opinion we would see a candle similar to the one on NOV 4 2015 soon, because we generally get some type of warning before a major pull back especially when we are moving up parabolic style. This is not financial advice just my opinion and observations on the market. -AZTEC-
BNC:BLXLong
by Tachycardia
2
Timing the Peak of the Next BTC Bull RunWhen will Bitcoin reach the peak of its next parabolic advance? Probably at roughly the same time it did in the last rally. This seems straight forward enough, but other trend analysis on this platform has variously projected the next bitcoin price peak from sometime just after the third halving in May 2020 all the way to sometime in 2023. While the earlier prediction is highly unlikely, the extended prediction is supported by the fact that, peak to peak, the third bull run of 2017 was much more extended (1491 days) than the previous bull run (884 days). Therefore, we may assume that subsequent parabolic moves will also play out over longer and longer time frames. However, the simplest answer is probably the best in this case. If we consider that the halvings are roughly 4 years apart, it is notable that the third peak came just over 4 years after the second peak. This suggests that in fact the peaks have become calibrated to the halvings and that the next all time high will come near the 4 year mark (or day 1460) as well. Bitcoin is unique in that the stock to flow ratio can be very precisely projected, unlike any other traditional market, making this rough prediction of the timing possible. This probably doesn’t help us predict price discovery, however. Government regulation, current events, technological disruption, etc., etc., all affect market sentiment and make it nearly impossible to guess where the price will go. That said, we do know that the halvings will become more and more priced into market valuations in the future as the market gains a greater awareness of the halving algorithm, and this process has probably already started. Futures markets (CME & Bakkt) will also act as tempering forces on BTC volatility (apparently the intention when futures trading was launched on CME in 2017). And as the value of BTC has become more tagged to store-of-value than currency utility, volatility and price discovery have naturally been tamed (relatively), a process that will also continue. This is to say that conservative predictions may fall closer to the mark. On the other hand, the mere fact that flow is dramatically cut after each halving as demand continues to grow gives BTC bulls a lot of hope. Whatever the peak of the next parabolic rally, it is likely to be tied closely to the halving cycle and stock-to-flow models, and trend lines will probably remain inside the general channel indicated by history. In other words, we're probably not going to the moon, but we are still holding the best performing asset ever seen. Hopefully these observations aren’t too obvious. They are just meant to help us all keep our eyes on the big picture as we hodl into the future. DF
BNC:BLX
by DragonFish1969