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Parabolic

Bitcoin Update #06 - Bullish parabolic was finally broke?Throughout of history of the markets, the eight moving average always was indicative of the Bull Run strength, as we can observe at the traditional assets in tendency. The break of SMA (8) in heavily charts, such as the weekly chart usually is a source of concern for funds and professional traders of traditional markets and well structured, after a broke and confirmation of weakening of the Bulls, the Bear tends to size up the position of their shorts. So we had the candle (1) broked at the SMA(8), candle(2) being the confirmation of the breaking that could be done by a fortification candle of the Bears or a weak candle of the Bulls, so we have the candle (3) being the reaffirmation of the Bears supremacy at this movement ( impulsing candle) looking for a next floor at $7.500,00. We are possibly going to have two weeks of a lot of volatility at the Bitcoin.
BITSTAMP:BTCUSDShort
by Igor-Silva
4
HD(Home Depot): All parabolic movements must come to an end What goes up, must come down. While this is not always true in this world, it's much more likely than not that a parabolic movement will eventually see a sharp, then lengthy, dwindling correction before it continues upward. This may seem like a crazy chart, but there are some unavoidable signs that the housing market is slowing down. Some experts are now predicting we may see some recession in 2020. Home Depot is a leading indicator of the hosuing market dropping off. Looking at the facts, Home Depot has increased its value 1186% since the market crash in 2009. To assume there will be no correction for this parabolic move will be foolish. The question is, when, and at what price? I think we may be reaching a top, if we have not already around $219. RSI has been moving bearishly against the price action on the monthly chart and is now in a nuetral/bearish range for the first time in nearly a decade. As of now we are still producing higher highs, but we did show one lower low. I believe if the next upward movement doesn't show a higher high (above $219.30) we might be at the peak and ready for some correction. This could easily bring price all the way down to the .5 FIB of its parabolic movement, or around $118. Am I suggesting you short Home Depot? Only if you're crazy. I like doing something out of the box once in a while though, so I'm going to play a small bag just for the sake of technical analysis.
NYSE:HDShort
by infbp22
We Just bounced off the previous ATH Picking up support were we did following the (Purple)Curve is a great sign. this could be a great time to buy if you haven’t already. theres not much resistance on the way up. RSI is low but volume says we have some time before the next big move. we should be looking at about a month of consolidation or retesting the support. Retesting this support agin anytime soon would not be a good sign at all IMO. It would be better if would went straight into a new bullish trend. only thing left to do is wait and see.
Long
by CryptoYak
3
BTC still has a decent bullish structure but ...Hi everyone While everyone is panicking, sometimes it's good to zoom-out and remind ourselfes that it's the bullishest asset in the world :) If we break the blue supertrend after closing in daily, then I'll look very closely at the CTI (green/red) weekly if it will hold or not Failing to hold the CTI will result in our dreams of lambo to be annihilated by Satoshi (= Craig Wright ? #joke) himself. Actually that' s where TA can kick-in... after a move up, I often aim for the zone between the 61.8 and 76.8 retrace level at least to buy back When we'll hit it, your nocoiner neighnours and hyperwave favorite gurus will call for BTC to 1K and even to negative USD value (you'll have to give USD to Satoshi... true but sad story). Not financial advice but it has often been profitable to counter trade bears during bull market (as far as I know, still backtesting the idea as we speak with my own account, will update when rekt but not likely to happen anytime soon :p) Jokes apart, if we break the green CTI and hit my green rectangle, please wait for your own reversal signal before jumping back in. The reason we don't like catching failing knifes is because ... it cuts and that's leaving us bleeding and... that's not nice.... We prefer seeing other bleed instead and fest on their fear and tears... right ? I'll update this SWING idea if I get a bullish signal confirmation (my nice green diamonds and triangles on the chart) or if you should start considering telling your family there won't be any summer holidays this year. Either way, I'll try to prevent us from being rekt (because TA works... sometimes) Dave
BITSTAMP:BTCUSDLong
by Daveatt
Bitcoin Rally is Over: Next Stop 5,363 USD, Then 30k USD!D4rkEnergY was the one calling the bottom at 3.2k! D4 also presented you for Evidence for the Bitcoin Parabolic Bull Run Already back in April and May. If you dont remember, then take a look here... I even mentioned it in my interview with TradingView, which you can see in the Show-category. I also said we would go to 30k USD, and it will happen, but we need to take a detour first. Bearish Signs - The price structure is very bearish - Bullish Volume is decreasing - Bearish momentum is increasing - MA20 about to cross MA10 on the Daily. Has already happened on ETH - A lot of Longs, which means they are still in denial - We are most likely on the C-Wave (Volume Distribution match this scenario) Bullish Opportunities -A Triangle ABCDE Pattern,or a combination WXY-pattern, but it seems more and more unlikely when we are dropping hard without any smaller correction to the upside. - Whales and Exchanges are the bulls only hope. What will happen now? -30K USD Incoming Short term we will maybe go a bit hgher to around 12.2k, and then drop. We might also drop right away. But dont worry, everything will be alright. Remember we came from 3.2k USD, so the chart looks overall very bullish still, and we will most likely go to 30k USD after hitting 5,363 USD which is equal to 78.6% Fibonacci Retracement. The reason is simple. There are so much money in this business, that the rich, which are controlling the market, will not let BTC die. Whales and exchanges will keep pushing again to attract new retail investors and to create a new Bitcoin Hype so it will become Mainstream. Just continue to follow D4, and I will help you make money!! And please SMASH that LIKE-Button, like a BOSS! D4 Loves You <3
BITMEX:BTCUSD.PShort
by D4rkEnergY
130
BITCOIN in a wedge up. Soon $1000 p/day?BITCOIN in a wedge up. Soon $1000 p .day? Bitcoin is following this wedge so nicely. If we break above the recent top we can see another nice parabolic pump. Maybe up to 17k This price can accumulate with $1000 pday again. All ALTS are bleeding now because of the BTC dominance. ALTS are getting chances soon but first Bitcoin needs to reach a higer price. If we fell out this wedge we can see a retest of te gap around 8500?!. Share your idea please! Please also dont forget to follow me and like this post if u agree. Goodluck my bulltraders. #BTC100k
BITMEX:BTCUSD.PLong
by Mikki0416
BTCUSD is in an essential stage. The road is rocky - wear shoes!BTCUSD has broken out of the triangle formation while retesting the middle line of it and is now sitting on the neckline of the inverted head and shoulders chartpattern in the vicinity of the 1.6 Level at around 12000. This level will be eyed as a very importent key level by many of the professional traders. They will expect a break above and a clear retest of it for a bullish progression. A break below after a break above (candles have to close) will be considered as a bearish setup and traders will eye for a short opportunity. Let us see where BTCUSD will go and we will follow it. The targets for the h and s pattern is the height of the head and its middle line. Do not forget the 1.6 and the prior high as profit zones. Better be defensive since this stock can move very fast. Please check out George Beaulieu on Youtube if you want to learn more about technical analysis. smilingly heish
BITSTAMP:BTCUSD
by MeruEU
Trading the Parabolic Curve PatternA stock moves parabolic at the end of extreme uptrends, and this pattern is seen when panic buying sets in and prices are driven almost to a vertical point. During a parabolic uptrend, there is a near-complete absence of sellers, which creates a vacuum that permits nothing else but buying activity. As prices rise, more buyers flock in. Fear is conveniently left behind as more traders rush into the trend just to get a piece of the action regardless of price. Moves that occur in parabolic fashion can make the largest price moves in the shortest amount of time, but are very dangerous places to enter long positions when the party is about to come to an end. When an asset moves parabolic, it often marks the end of a move with prices not returning to the ultimate highs again for a long time.
BITMEX:XBT
by NAKETAKA-SAN
BITCOIN GOES ORBITAL: REVISED ESTIMATES - $50,000 IN 2 YEARSBased on recent price action and a clearer parabolic picture, I've revised my estimate upwards from $30,000 in two years to $50,000 in two years. Nothing in this post is a prediction. Traders should be very very very careful with this instrument. High volatility is to be expected if it hits $15,000 or $18,000 - which could come by the end of the week. I've not traded Bitcoin recently. It's one thing to speculate where price may be going, and quite another to put your real money on it! I wasn't going to take the risk. I'm not a gambler - end off. Hats off to gamblers who made money. Enjoy. No - I'm not green at all. Yeah really! FAT DISCLAIMER: This post is not intended to encourage anybody to buy Bitcoin or trade it. If you happen to be influenced and you invest or trade, your losses are your own. In other words, sue yourself if you lose your money!
BITFINEX:BTCUSDLong
by Captain_Walker
2
Patch forming on the dailyAs expected we bounced of some fibs and then patch took control of the bulls. Common to see a patch of this volume break to the upside Still waiting to see how the rsi preforms under patch intimidation Patea Maori Club indicator showing strong poi E Here is my heart indicator showing strong levels of Jake and Beth Heke The RSI indicating that Beauden Barrett is primed and ready to take off 2019 world cup Use stop losses Don't forget to take profits
BITSTAMP:BTCUSD
by UnknownUnicorn2014765
Potential head & shoulders pattern on the 30 minute chartAfter an insane 1 day candle that pumped its way above every resistance on the chart except 2 but then ultimately couldn't stay above the always magical 61.80% fibonacci retracement level at 13600, we witnessed price action plummet a whopping 10% to the 11.6k range in under a minute and then quickly jump its way back to the 13k range liquidating shorts and longs alike! Once it got back up above 13k most have now assumed the correction is over and the bull run will now resume however we are currently forming this head and shoudler top pattern on the 30 minute chart which if triggered could drop us to 9.7k and reveal the correction is much more than just a 10% correction. We've been long overdue for the normal 31-41% percent correction that most bull runs tend to get much sooner than this far into the bull run so its very possible this may be the beginning of hat level of correction. In fact, a 39% dip from our current top would take us right back to our strong red horizontal trendline at 8504. Not only that, but the 1 day 50ma (not shown here) happens to be currently overlapping the 8504 trendline and creating double reinforced support with it so it would likely create a huge rebound bounce up in price if price action were to dip 39% to test it. One more confluence with that zone is that it was at 8500 or so where the gap up was found on the CME Futures chart and those kind of gaps tend to always get filled before too long so a revisit to the 8k zone is not out of the question. Of course 10k could provide enough support to prevent that or we could also already be done correcting entirely. Because all these possibilities are currently on the table his idea will be marked neutral but these are all zones to watch indeed.
BITSTAMP:BTCUSD
by DrDovetail
Trading Bitcoin in a Parabolic Curve - Possible $30,000 TopFirst off, I'd like to shout out a fellow trading view analyst @filbfilb who predicted with high accuracy a $20,000 top and a regression to the mean of $3,000 in December of 2017 by using a similar style chart of analyzing a parabolic curve on Bitcoin. I'm taking his concept and applying it to the current trend and 2019. There are so many macroeconomic events that are creating a bullish vaccum for Bitcoin right now: - Weakening world fiat currencies - Trade tensions - Federal Reserve Interest Rates - S&P500 looking toppy. - Economic sanctions. - Yield curves on bonds moving upwards. From the parabolic chart, it appears that we are currently breaking out of the Base 3, which is one of the fastest acceleration points for an asset. In 2017, we saw multiple 40% corrections in Bitcoin during its ascent to $20,000, but for 2019, we haven't had a single correction over 30% so far. This can be attributed to a lot of reasons, but a parabolic trend is where there are no sellers left as price rises due to supply/demand and it creates a vacuum where there is only buying pressure. You will see slight profit taking at different levels as each person/institution will have a set target range for them to exit an asset, but new buyers will typically step in. Based on Google trends, there is barely an uptick in retail interest so far, which means that this is being driven by institutional interest and not so much retail. I derived $30,000 top from my Fibonacci levels that I created over a year ago, which lines up with the 29.034 Canfield Fibonacci level. I had previously been anticipating a cycle high at the 46.979 fibonacci level at $52,000, which may be the cycle top. So to be clear, I am not claiming that $30,000 will be the cycle top for now, but will be a strong resistance level where we should see some strong profit taking and a potential parabolic break to the downside towards the .618 fibonacci retracement level around $13,500. If you don't remember those fibonacci zones, I derived them from the following equations beyond the 4.23 to track long term assets in an uptrend. • 6.854 = Any number in the sequence / 3rd number prior in the sequence • 11.090 = 1.6185 = Any Number / 4th number prior in the sequence • 17.944 = 1.6186 = Any Number / 5th number prior in in the sequence • 29.034 = 1.6187 = Any number /6th number prior in the sequence • 46.979 = 1.6188 = Any number / 7th number prior in the sequence • 76.013 = 1.6189 = Any number / 8th number prior in the sequence • 122.992 = 1.61810 = Any number / 9th 2.88% number prior in the sequence. This also coincides with an intermediate cycle top that corresponds to Positive Crypto's golden ratio multilpier as well that Crypto Hamster took and made into an indicator on Trading View (just search Golden Multipler) Strategy: Ideally, you stay in a long position until the trend breaks and if you are looking to short, I would do it with 1X at the resistance levels outlined above to create a 'synthetic cash' position to hedge yourself with a stop loss above each resistance point. RESISTANCE ZONES: $16,800 and $28000-$30000. Let me know what you think of my work and if you want to support me, give this idea a like and leave a comment below. Thanks!
BITSTAMP:BTCUSDLong
by jacobcanfield
96