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Parabolic

BTCUSD 1D chart (6/13/2019)Good morning, traders. After yesterday's $300 pop, price has been retracing as expected. At this point, it appears that price should be about ready to start moving up again as it has bounced around the $8050 level which was the general resistance area prior to the pop. However, we are going to zoom out to the daily once more and take a look at the Coinbase chart. I've mentioned before, but will again, I do not believe this to be a head and shoulders pattern. Most other professional traders that have been around for a number of years appear to agree with me as well, not the least of which is Peter Brandt. The amateur traders, however, have been littering social media (Tradingview included) with the H&S nonsense. The green box is the weekly order block from around the first week of November 2017. I've pointed it out before and am doing so once more because I believe that price will not drop below this level. It took a terminal shakeout to get price below it last November and now that it has been done it won't be done again. Currently, price has made it back above the red line which is the monthly pivot. It is also above the 21 EMA. The dashed line just above price is the 2018 TR's EQ. We can see that the daily pivot also has held as support so far. Furthermore, the daily RSI is attempting to break through its resistance and Stoch RSI has recently left oversold. Both have a lot of room to run. All of this is bullish. Stop concentrating on the 15 minute TFs right now. Price is also at the top of the month-long TR and a break above $8388 on this chart will signal that price has moved above the TR's resistance which means all it has to do is close above the swing high at $9090 to signal further upside. The purple curve shows that price is possibly still parabolic and, if so, then we shouldn't be surprised to see price top out around $14000-$18000. But if it's going to do so, then it would be expected to do so sooner rather than later. In a parabola, the last push up is the most violent and often produes 100% growth over the pattern's 3rd base which is what appears to be printing at this time. This current consolidation area really seems no different than the previous one at $5000, which I've pointed out numerous times. The longer it plays out the more similar it becomes. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
COINBASE:BTCUSDLong
by Chris_Inks
1
Update on the btc parabolic moveThe patterns can be read both bullish and bearish currently. Overall I see these options. Option A: Parabolic curve was already broken Volume has been decreasing continuously, 3D and Weekly momentum is exhausted, NVT and Money flow are giving sell signals The large upward channel has been broken to the down side, large rising wedge has been broken, bear flag forming for further downside, HS potential Parabilic moves tend to correct more strongly (and the flash crash is not to be counted as a proper correction). The main question is whether the parabolic curve is actually broken and we are now progressing to the previous parabolic curve trend line before moving down. With 70% I believe this is the case. In my previous post I assumed we would go up to this level of ~$8.8k I slightly updated the form of the curve since my last post, also the drop targets Option B: Parabolic move is in tact Volume is decreasing but will increase for the next bush up following a very similar pattern to the period April 25th to May 8th. I.E.: break out from larger rising wedge and bear flag setup followed by volume increase and move up. The hourly and daily momentum still shows strength. See this 30% likely.
BITSTAMP:BTCUSDShort
by ThoTA
If you want to be a bull clap your hands *clap clap*All I can say is if it is the case bears are in disbelief, a break of 8400 (recent highs) for me signals the end of a bear market and this hasn't been a bull run but is in fact still the beginnings of a bull market. This could possibly be a cool strategy to follow as a birdie told me a certain man named Trav wants the retail buyers interested in a new parabolic trend. The name's Bill Hicks, life is just a ride and we are the imagination of ourselves. This prediction could be right but is most likely wrong.
BITMEX:BTCUSD.PLong
by CryptoHicks
Is BTCUSD ready for a big move? Three triangles confined in one!Hi, during the past month we have seen a significant move to the upside for BTCUSD. It has made its parabolic move to the upside and is now approaching the last triangle of the bigger triangle pointing towards its respective goal. After reaching it I expect it to move contrary to the trend in a strong move to the downside. That the correction will take place it the next couple of days will be very likely, however I want to make clear that this formation does not provide a trading entry. It is highly advisable to wait for a breakout in the expected direction and that one acts accordingly. If the move will be a correction I expect it to touch the area between the two orange lines, showing the 50 and 61 % retracement of the parabolic price action towards its respective goal. Sell: wait for the breakout to the downside or set sell order near the next major resistance. Buy: the dips inside of the uprising triangle. Trade the edge with care and wait for confirmations on lower timeframes. Feel free to comment or like and I will be posting more in the future. Be happy and patient Heish
BITFINEX:BTCUSDShort
by MeruEU
BTC parabolic rise could lead to 20k in extreme caseI don't think that yesterdays dump was the end of this parabolic rise. BTC stabilized too fast for it being the end of this move. Plus, the perfect parabolic shape is just too painfully obvious to ignore. I see two important resistance zones, the upper monthly bollinger band at 12-13k, and the ATH resistance at 20k. There are of course other resistances, but those two are very strong. So, in the most bullish case, BTC could indeed go to 20k by the end of June. Then a few months of sideways after the dump, and drawing a nice giant cup and handle with the ATH. In the normal bull case, we'll see 12-13k as the intermediary top, dump to 7-8k, and consolidate at these levels until the upmove resumes. This all is highly interesting, and we could see BTC do something which it has not done before. A move to 20k directly from here, would not have a precedent, there is no fractal which is similar from the timing and velocity of the move. I find it highly fascinating. But the parabola still has one hole month left until going vertical, and we all know what can happen in one month :)
BITSTAMP:BTCUSD
by SebastianofMoon
23
About time we had a correction.It’s been a while since I’ve posted anything, like anyone, life gets hectic. But I’ve managed to still keep my eye on things. We’ve had some MASSIVE gains with BTC, moving 181% from its lows in Dec. Now’s probably the time to take a step back and re-evaluate. As we can see, BTC went full parabolic, making it all the way up to around $8,300, a quick sell off to $6,800 before going again to $9,000. Since then, BTC seems to have lost its momentum, as we are now hovering around the $8,500 area. As shown, it has broken through the parabola with the tip of the climb forming a rising wedge (shown in blue). RSI has broken through support (yellow line) and MACD also seems to be making a move downwards. Screenshots in updates. As the old adage goes, “What goes up, must come down” and after Bitcoin’s massive run, I believe we’re overdue for a move down, in a BIG WAY! I believe BTC will drop down to at LEAST the $6,500-$6,600 area, with even a test of the $5,800 area if we have a lot of panic sellers. As anyone trying to help others out, this is not financial advice, only my opinions. Always DYOR and play with what you’re willing to lose. Trade safe everyone!
BNC:BLXShort
by Curdled_Jelly
1
Bitcoin Pullback and Parabolic comparisonI see a lot of comments at the moment regarding pullback or retest. 'Ooh it's rising too steep, it's gonna crash!'. 'It hasn't pulled back, it won't go much higher'. So here is a quick comparison from 2017 on the left and current price on the right. in 2016-17 we saw an increase from 600 to 1200 with a pullback to 750 Then up to 1300 and another pullback to 900. However, after that the price doubled to 1850 with only a small pullback before rocketing up a very steep curve to 2700 before a larger pullback. Please keep this in mind when trying to catch the top shorting this. If a similar pattern happened now, the pullback to 6600 could hit 12000 before another retest.
BNC:BLXLong
by paulflint
1
NEXT STOP: BITCOIN Will Go to 10,000 USD Now - Here is The Path!So Bitcoin continues up! Its unstoppable - After this move I would say we have a huge change to see a New All Time High (ATH) in 2019!! We are not seeing any selling pressure. Its clear, that both Smart Money and Whales have decided that IT IS now. I was hoping yesterday, that the Whales would Stop Hunt down, just to bring some indecision in to the game and make a bit more money, but I guess that it was too difficult and risky of a move. MEDIA WILL PICK UP ON THE STORY Now Its all about getting new people into the market. We WILL go above 10,000 USD now (80% likely) - It will not make any sense if we dont. The reason is simple. Whales/Smart Money want your friends, your mom and dad, and your colleagues to talk about Bitcoin again, and bait them into the market and buy on the 5th wave. And then the greed and euphoria will come back, until it suddenly ends. Nobody has a clue right now how high the greed can take us. It can be 25k, or 30k. Short Term This looks like a normal 3rd wave ( I wish it would have been a bit longer - its less than the Golden Ration 161.8% of the 1st wave). Right now we are having an normal consolidation, which is the 4th wave. It could very well be a triangle ABCDE Pattern. I will zoom in later and show you. BITCOIN 2019 - A Year You Wont Remember Not only will Bitcoin fare amazing, but if we look at the Traditional Markets like Dow Jones, its obvious, with a big MASSIVE Head and Shoulder Formation, that we will see a Bear Market and Financial Crisis within a year. And it is definitely not unlikely that will see at least 500B USD going into the Global Crypto Market from Stocks. So guys - the future is really bright! D4 PS. I just got an invitation from TradingView, and I will be in their TV show called TradingView Sessions. They choose Top Traders, and let them talk about their TA approach. Also I will be talking about Market Psychology. It is on Friday. Please give a LIKE, my friends!
BITMEX:BTCUSD.PLong
by D4rkEnergY
16
4 Hour Looking BullishThe higher time frames are looking bullish to me, if you go back to 2015 on the log scale this break out looks similar to the one before the bull run of 2017 (right after that bull market) same sort of set up. If we do what we did then, it seems like going to $10,000 is in play after this breakout, which would probably be followed by a 30-35% retrace before resuming the trend upwards (if history rhymes). Looking like a bull flag, don't know if we will make it to the end of the triangle before the breakout though. In the 4 hour we have time to continue the trend upwards (probably with a parabolic burst after this coil).
BITFINEX:BTCUSDLong
by zwa2
XBT and BTCUSDT 4H charts (5/22/2019)Good morning traders. As mentioned yesterday, price did bounce off the drop through the bottom of the diamond. Will it continue higher? Short TF looks like price may have printed a double bottom which would provide a short term target of around $7980 if we can get a close above $7830/40. This would take price to the top of the local TR once more after printing, what appears to be, a spring (with the second bottom shortly after being a test). Supply on the orderbook remains heavy through $8400 at this time. How much of that supply is just there to convince retail traders to sell into the professional hands, though, before price takes off to finish the parabola? When looking at the various exchanges, we see that price hasn't broken that parabola on the daily chart yet. For exchanges like Bitstamp, we may have to ignore that sharp drop down to $6000 recently as it is an outlier and the rest of the exchanges hit a low of around $6600-$7000 or so. I know everyone has these low targets of $10,000 or less, but if we are about to hit the final leg up of a parabola then it makes more sense that we hit $14,000-$15,000 at least. The last thrust of a parabola usually produces multiple large candles in succession as continually, quickly rising price leads to strong retail FOMO thereby printing an overextended 5th wave (the longest of the series). If that's the case, and our 3rd wave was from ~$3300-$8300, then we see that this final wave is likely to target $15,000 or higher. Of course this is all highly speculative, but such is the nature of parabolas making them extremely difficult to trade effectively. Everyone will be tempted to try to ride it up as far as it goes, and even when it gets to that point, most traders will continue to hold while hoping that it heads up higher. Is it possible that we could see price top out near the ATH? Believe it or not, that is a possibility, especially since we understand that the 2018 correction was a corrective wave and the first subwave of the next wave set usually tops out around the previous wave's top. I'm certainly not trying to cause any FOMO, but laying out the case for extreme moves possibly coming so that traders aren't caught unaware. For now, I have the Bitmex and Binance charts to give traders an idea of the differences across the exchanges. As I have been mentioning, the May 16th-18th low is too varied across the exchanges to have price drop from here, I believe. So my expectation continues to be up further and I remain long. We can see price possibly printing a pennant or flag at this time with the 4H pivot continuing to provide support. RSI remains bullishly above 50 and Stoch RSI just bounced in oversold and is currently printing a bullish cross. If price breaks the descending resistance, then traders can likely look for price to at least target the daily R5 pivot around $9300-$9400, depending on which exchange you are looking at, with $10,000 normally being a strong psychological level, and the weekly R1 pivot printing around $12,850-$13,050. Additionally, we have the large descending wedge target around $14,600. Those would be the big levels that I would watch. Daily RSI is below overbought at 66-67 and Stoch RSI is in oversold. So there is room on these larger TFs for a final large push up. As I have mentioned all along, I'm looking for clear bearish divergence on the daily TF to indicate that this wave set has completed. All this bullish talk being what it is, there is the possibility that we are printing a large double top. If that's the case, and we close below that May 16ht-18th swing low, then I would be looking for price to find support around $5000-$5300. I'm not sure how the 4H Stoch RSI could sustain such a drop at this point but I am watching just in case. My final thought to share with y'all is that Memorial Day weekend is coming up in a couple of days in the U.S. It is likely that most traders in the U.S. will be taking trips and spending time with family for the extended weekend. Memorial Day weekend is usually Saturday-Monday, however many people take Friday off as well. As such, there's a case to be made for a strong move up between today and Friday, or during the weekend when significant volume is often absent from the market. Traders should remain especially vigilant. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITMEX:BTCUSD.PLong
by Chris_Inks
1
BITCOIN-EVIDENCE: Parabolic Bull Run Will Happen!!There is a 70 % Chance that we will see a Parabolic Bull Run like we saw it 2017 within a month - Not even that: This time it will most likely be even more crazy. Its a fact, that already now, we have been going steeper and faster than before. EVIDENCE 1. Price Volume Trend Convergence 2. Bullish Volume Record 3. Global Bullish Market Sentiment (has decreased a bit lately but always happens at key levels) 4. The Bullish Momenum (Greed) keep increasing (MACD Histogram) 5. BTC-Dominance Movement is similar with what happened before the bull run in 2017 (for instance: First a crazy increase in BTC-Dominance, then a sharp fall, a consollidation and then we expect another drop) 6. Our Elliott Waves match extremely good with this scenario, COMBINED with... 6a ...what we can expect the whales wish happens, and also how they will be able to take advantage of the situation. 6b ...the Psychology of the Market Cycle, and how we can expect that people will behave. Just one example could be, that when we reach just above 10,000 USD Main Stream Media will pick up on the story, and this will engage new players to come into the market again. There are no doubt, when you look at the technical aspects of it, this is the most likely scenario. Short term we MIGHT see a Stop Hunt very soon to the downside first, before we will go up again and continue our Bull Run! D4 Please give a LIKE!
BITMEX:BTCUSD.P
by D4rkEnergY
51
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
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
Bitcoin major play forecast $BinanceBTC is inside a channel going parabolic, drawing several ghost bars from the early phase and looking to history, Gann fan and other factors takes me to believe we will achieve 10k before we have a major correction, if there will be one at all, but it makes sense to shake out things a little. We are bullish, and we are going 12k - 15k this time, don't be fool to thin otherwise. The boxes on chart serve as reference of possible scenarios, the most probable is in fact the blue one, a retrace to 50%, 61.8% of all move which match with a lot of supports and then back up for the 12k and 15k. Worst case scenario is still good, although very low, it also make sense and very possible to reach bottom channel of Gann fan. Best scenario possible is flirt with 8k - 10k for a while and once price touches the Gann fan channel should be ready to start another amazing uptrend, parabolic again I would say, tho this scenario for me is not the most probable for now and BTC is indeed in need of a correction, even more if goes 10k. ***No financial advice*** Do PM me if you'd like to have daily updates and more charts. - The trend is your friend and patience a virtue. Peace
Long
by Jnsane
3
MUST SEE: BITCOIN Might Go Into Crazy, Parabolic Bull Run!Let me start saying, that I hate being the one calling a NEW crazy Bitcoin Parabolic Bull Run - But something has happened in the market lately that we cannot ignore. It has even surprised me, the whales, and pretty much everyone. You guys already know, I spotted the Whales Plan when we went from 5,000 USD to 8,400 USD. And Our FAMILY made a lot of money on this when everyone were short. BUT what surprised me, AND even the whales, was how fast everything went. And how EASY it was. I can reveal for you, that what is happening right now at 8,000 USD, going back and forward, stop hunting and killing Shorts and Longs was probably already meant to happen around 6,000 USD, where we also have huge liquidity pools. The Whales Initial Plan Might Be Ruined - and changed! And here it is: The whales definitely succeeded in their first Short Squeeze, which I mentioned before. But Im pretty sure they are surprised how fast everything went. And THAT can in fact mean, that their initial plan now has changed. Their initial plan was to convert the Dumb Money to go LONG (Which they also are now) and then pull the sledge hammer and drag us down important support at 6,000 USD. But here is the problem - right now we are still at 8,000ish, and we are no longer in range. So instead The Whales might have begun an UNSTOPPABLE parabolic Bullrun. Retail investors might come in now, Dumb Money too, and TA will no longer really apply because it all basicially comes down to how GREEDY we are. What Is Pointing in This Direction: 1. It's pretty clear from the fractals that we have a similar parabolic movement like we had in 2017. 2. Price Volume Trend Convergence supports this. 3. The Bullish Momentum (MACD) clearly shows its getting bigger and bigger. 4. The RSI also supports this idea with a strong move on a potential 3rd Wave, which allow us to make Regular Bearish Divergence on the 5th Wave. 5. Last but not least. The Global Bullish Sentiment we have seen the last couple of days - BTC-Dominance has dropped from 60.1% to 56.6%. So please keep an eye on the price movement at my Crucial Area, and see how it evolves. Something big and Unstoppable might be under way!! D4 PS. Please give a LIKE!
BITMEX:BTCUSD.P
by D4rkEnergY
21