BAKE going fractalobolicYou say FRACTAL I say BINANCE:BAKEUSDT !
Just look at this! 30m TF right before and 1h TF at newest formation, the same structure with the volume, almost the same FIB.
Adding to the fact that we're about to break the Long going trendline
AND the fact that it has just announced a partnership with BASE L2 blockchain
We might see the very parabolic move. Are we gonna see next 200%? It's a matter of days if we'll see it.
High Risk. High Volatility. Probable High and quick reward.
Parabolic
$DXY Dollar Index Can Go ParabolicTraders and Investors,
No matter what the media and general consensus say, simply look at the charts and trade what you see.
The dollar made a huge sharp move down recently which made the majority think and post about the "Dollar Crash". I saw 1000s of posts on social media including some from institutional analysts. But almost immediately the dollar has recovered and is back at the same level of 102.5. 🙂 This effect has been witnessed in commodities and equity markets.
As I write this on Aug 12, 2023, the dollar is showing great strength in the chart pattern formation. The pattern is kind of 75% complete so this analysis post is kind of an early warning. This early warning was sent to private clients a little while ago.
This pattern if finds momentum generally ends up in parabolic movement. Having said that there are a few things that we must consider:
1. This is a higher time frame analysis (daily/weekly chart) and picture so it may take its own time. Keep things in perspective.
2. There are 200 sma (daily time frame) along the way (yellow line) that can act as resistance. That is a good barrier to this pattern.
3. There are several levels and zones along the path to the ultimate target around 109-110. Over time DXY may go up and down on the relatively smaller time frames around these zones as a market never goes up in a straight line. Not DXY anyway 🙂
4. There are several gaps that were left unfilled to the upside. DXY usually does not leave any gaps open. There are a few gaps to the downside as well.
5. Watch USDJPY and USDCHF with it.
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Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only.
Not financial advice or signal. Please make your own independent investment decisions.
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XLM Decision making time!XLM broke out of its bearish downtrend after a 100%+ move from the XRP case verdict. After this breakout, it had a solid pump and is now sitting right below resistance. Ii can see XLM pump up to .1670 before being rejected but if it fails here I would wait for the purple line below to get retested again before entering a long trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
AGLDUSDT Going Parabolic??Hard to find any clear direction for the crypto market at the moment but one crypto of late that looks interesting may be found in Adventure Gold. Or AGLD to USDT more specific. It has pumped almost 100% but since then has fallen back down and now finds itself at a fairly nice deep retracement spot.
A major level of interest for me for a long would be found between $0.66 and $0.63. If the overall bullish momentum we've seen thus far is any indication, its my belief that AGLDUSD is in the midst of going parabolic with $2 being the price it could test in the coming weeks.
Bitcoin - Parabolic phases (1 million USD in 2044)
As per my calculations, the price of Bitcoin will be 1 million USD in 2044, which is 21 years ahead. And it's still a pretty optimistic price target, in my opinion.
Please do not expect some big parabolic phase to reach 500,000 USD in the next few months or years. This is not going to happen because you are too late for the party.
In 2017, the crypto bubble popped, and phase 2 of the parabolic phase ended. 2017 was historically the biggest year for altcoins and bitcoin. Everything went up, including scam coins, and it will never be like this again. Now Bitcoin is in phase 3 / phase 4. Phase 3 is not sustainable because otherwise Bitcoin could hit 100 million USD in 10 years. Just calculate the market cap; it doesn't make any sense. That's why I am sober all the time and focus on realistic price targets.
Bitcoin is still a good investment, and you can trade the major cycles. Buy low, sell high. It's easy to say, but it's not that easy for the majority of market participants.
If phase 4 of the parabolic cycle breaks, then it's likely for Bitcoin to go sideways for 5–10 years, but in my opinion, it's not going to happen because the trendline of the parallel channel is pretty low, and with the current date, Bitcoin has to drop below 4700 dollars, which is not going to happen.
This is a very realistic technical analysis. 1 million USD in 2044 is not impossible, but the majority of retail trade thinks that 1 million should be hit in a few years.
In approx. 2140, all Bitcoins should be mined, and there will be no new BTC mined at all. Miners will receive rewards from the transactions of chain users.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
📉 Falling Wedge Alert on $BTC! Parabolic Trend Holds Key! 💹🚀Hey traders! Today, I want to share an exciting chart pattern I've identified on CRYPTOCAP:BTC (Bitcoin). Let's dive into the falling wedge pattern while considering the significance of holding the parabolic trend. 📊💡
Pattern: Falling Wedge 📉🔽
Symbol: CRYPTOCAP:BTC 💰
Overview:
A falling wedge is a bullish chart pattern characterized by converging trendlines, with the upper trendline sloping downward and the lower trendline sloping upward. When combined with holding the parabolic trend, it could indicate a potential reversal and continuation of the upward trend. Let's explore the falling wedge pattern on CRYPTOCAP:BTC in more detail. ⚡💹
Key Features of the Falling Wedge on CRYPTOCAP:BTC :
Converging Trendlines: Observe how the upper trendline connects the lower highs, while the lower trendline connects the higher lows. This pattern suggests a potential shift in market sentiment. 📈📉
Parabolic Trend Support: Pay attention to the fact that CRYPTOCAP:BTC is holding the parabolic trend, indicating a strong bullish bias. This support adds weight to the potential reversal signal. 🚀📈
Breakout Expectations:
A falling wedge pattern often precedes a bullish breakout. Traders typically anticipate a decisive move above the upper trendline for confirmation. It's important to wait for a clear breakout before considering any trades. 🚀📈
Trading Strategy:
Entry Point: Consider entering a long position once CRYPTOCAP:BTC convincingly breaks above the upper trendline of the falling wedge pattern, supported by the parabolic trend. This breakout may suggest a potential trend reversal and continuation of the upward momentum. ⬆️💰
Stop-Loss: Set a stop-loss order below the lower trendline to manage risk and protect against potential downside. ⛔️📉
Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈
Risk Management:
Remember to implement proper risk management techniques, including position sizing, stop-loss orders, and adherence to your trading plan. It is crucial to carefully manage your risk exposure while trading CRYPTOCAP:BTC or any other cryptocurrency. ⚠️💼💡
Disclaimer: Trading cryptocurrencies carries risks, and it is important to conduct your own analysis and seek professional advice before making any investment decisions.
#FallingWedge #Bitcoin #BTC #Cryptocurrency #TechnicalAnalysis #TradingStrategy #ParabolicTrend #BullishReversal #RiskManagement
In conclusion, the falling wedge pattern identified on CRYPTOCAP:BTC , along with holding the parabolic trend, suggests a potential bullish reversal. However, exercise caution and wait for a confirmed breakout before making any trading decisions. Stay tuned for further updates on $BTC! 💹🚀
(Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
BBBYQ Inverted Parabolic CurveHad to repost this idea since BBBY had a ticker change (Q). Inverted parabolic curve breaks and a "retreacement" would send BBBYQ to the motherland.
Parabolic SAR Indicator ExplainedThe parabolic SAR (Stop and Reverse) indicator is a tool used in trading that helps to show when to buy or sell a stock. It looks like a series of dots on a graph that follow the direction of the stock price.
When the dots are below the stock price, it means you should buy the stock. When the dots are above the stock price, it means you should sell the stock. The dots move closer to the stock price as time goes on, and they can help you decide when to get in or out of a stock.
Think of it like a game of "hot or cold." When the dots are far away from the stock price, it's like you're far away from finding the right answer. As the dots get closer to the stock price, it's like you're getting warmer and closer to the right answer. When the dots are right on top of the stock price, it's like you've found the answer and you should either buy or sell the stock depending on whether the dots are above or below the stock price.
💠Trend following: One common trading technique is to use the parabolic SAR indicator to follow trends. When the dots are below the stock price, it indicates an uptrend, and when the dots are above the stock price, it indicates a downtrend. Traders can use this information to enter long or short positions accordingly, with the goal of profiting from the trend.
💠Stop loss placement: Another way to use the parabolic SAR indicator is to set stop loss orders. When a trader enters a long position, they can place a stop loss order below the parabolic SAR dot. Similarly, when entering a short position, a stop loss order can be placed above the parabolic SAR dot. This helps to limit potential losses if the trade goes against the trader.
💠Reversal trading: The parabolic SAR indicator can also be used to identify potential trend reversals. When the dots change position from above to below the stock price, it indicates a potential reversal from a downtrend to an uptrend. Similarly, when the dots change position from below to above the stock price, it indicates a potential reversal from an uptrend to a downtrend. Traders can use this information to enter positions in the opposite direction of the previous trend, with the goal of profiting from the reversal. The start of the downtrend or uptrend levels can also be used to indicate stronger directional changes
Remember that no trading technique is foolproof, and it's important to practice risk management and to have a solid understanding of the market before trading with real money.
---------------------------------------------
How the parabolic SAR is calculated :
The calculation of the indicator is based on two main factors: the price of the stock and the acceleration factor (AF).
The AF is a starting value of 0.02 that increases by 0.02 every time the price reaches a new high (or low) until it reaches a maximum value of 0.20. The AF is used to increase the speed at which the parabolic SAR moves closer to the price.
The calculation of the indicator is done in two steps:
Finding the first parabolic SAR value: The first parabolic SAR value is equal to the lowest low of the stock over the past "x" periods, where "x" is the length of the period used in the calculation. This value is used as the starting point for the indicator.
Updating the parabolic SAR value: After the initial value is found, the indicator updates each period based on the previous period's parabolic SAR value. The formula for updating the parabolic SAR value is:
Parabolic SAR (n) = Parabolic SAR (n-1) + AF *
Where:
-Parabolic SAR (n) is the value of the indicator for the current period.
-Parabolic SAR (n-1) is the value of the indicator for the previous period.
-EP (Extreme Point): EP is the highest high or lowest low of the current trend, depending on whether the trend is up or down. It is used in the calculation of the parabolic SAR value for the next period.
Trade school: Parabolic moveThe ETF for home builders went parabolic last week, mostly because of an earnings blow-out from DR Horton (DHI). This chart is one to watch to see how dangerous parabolic moves can be. ITB faded intraday after stretching well above its upper Bollinger Band (BB). The BBs define an expected price range. So when price goes well above the upper-BB, the stock, ITB in this case, is "stretched" and due for a cooling period if not an outright pullback. I am watching this one closely as I am a perma-bull on housing.
BATUSDT - Parabolic Fractal +740%🦇Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
For the longer term , Basic Attention Token is another altcoin I am extremely bullish on - and it's currently trading in an ideal accumulation zone ! What I expect for BATUSDT is similar to a scenario that played out in November 2020 - April 2021. Notice that this occurs over a longer period, where the price of BAT went from $0.16c parabolic to $1.64 at its highest point. Therefore, the price must first fall lower towards the bottom of the support zone where there is a large demand zone . In other words, DOWN first, then UP.
Interested in Litecoin / LTCUSD ? Check out this idea, which is currently playing out 👀
Why LTCUSDT Can Increase Another +50% 📈
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OMGUSDT - OmiseGo Ready to go ParabolicHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
OMGUSDT is looking extremely bullish after a period of consolidation. The last time after OMGUSDT consolidated around the support zone and continuously tested this resistance without falling lower, it was a literal OMG moment and the price went parabolic to $9.92 in July 2020.
I think a big bounce on this zone is likely, and a near term 275% increase seems more likely than an immediate 500% increase. Ultimately, depending on your patience and trading strategy, 500% is a realistic increase for altcoin markets during a bull cycle.
The potential at this level is confirmed by HIGH volume the previous two times that the price traded around this level. A quick look at OMGBTC also shows bullish price action is most likely after a long period of consolidation against BTC .
If you're looking to get a step ahead on Bitcoin, check out this idea 👀:
These three charts together give away hidden information about where the price of BTC could be going next.
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EYPT EyePoint Pharmaceutics LONGEYPT is now on another breakout on the 2h chart similar to what occurred
from mid-December to mid-January. On the indicators the MACD shows
the K/D lines on a steep upward slope. For me, what set off my interest
was a relative volume scan that produced this stock on the list.
The relative volume this week and consequential accumulation triggered
the breakout with those volume spikes
Fundamentally, EYPT had a catalyst as it completed one phase of its
FDA clinical trials for a treatment for macular degeneration, a
debilitating eye disease of the elderly. The potential market
is several multiples of the stock's current market cap.
This company is a takeover candidate as it is young without
a big pipeline but with upside potential.
The relative volume of 4X to 8X is a sure sign that buying
pressure will move the price. Price has crossed the SMA50 just as it
did last winter. The price is up 40% or more this week. Could this be
a pump and dump? Maybe. For sure it is a speculation play just like many
NASDAQ penny biotech stocks For mem the price action of last winter
with a 120% gain in one month is reassurance for this time around
with some hopeium thrown into the mix with the technical analysis.
I will buy a call option under the current price with the 4/21
expiration and leverage the speculation a bit. In the past day,
this option rose 67% based on the price surge of the underlying stock.
$ODAI $O Childhoods EndFreedom and Stability
O Price Live Data
The live Childhoods End price today is $0.000033 USD with a 24-hour trading volume of $118,219 USD. We update our O to USD price in real-time. Childhoods End is down 0.93% in the last 24 hours. The current CoinMarketCap ranking is #3567, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
$QOMUSD Shiba Predator QOM is the Shiba Predator, it is a community token whose function is to flip the Shiba Market cap.
QOM Price Live Data
The live Shiba Predator price today is $7.84e-8 USD with a 24-hour trading volume of $1,010,516 USD. We update our QOM to USD price in real-time. Shiba Predator is up 5.39% in the last 24 hours. The current CoinMarketCap ranking is #423, with a live market cap of $47,015,780 USD. It has a circulating supply of 599,886,333,333,333 QOM coins and a max. supply of 1,000,000,000,000,000 QOM coins.
headed toward multitimeframe long term resistancethis stock has exploded to the upside, retraced a decent consolidative amount, and taken aim for that high. there is a large uptick in the fair value calculation that makes this a strong bullish move. there are different scenarios. one is that we set a lower high on an overbought 4 hr level. another is that we go straight for the high and taper off, and the other is that we break the highs and head for the long term area high right over $34.
CVXUSDT : Cup & Handle Pattern Can X4Hi Traders, Investors and Speculators of the Charts 📈📉
CVXUSDT is another altcoin with massive upside potential. Infact, after consolidating for such an extended period, a parabolic move to the upside is very possible.
In the chart, I've pointed out 3 take profit zones based on candle wicks (supply zone and demand zone) , but you can always add more TP points depending on your trading strategy and your patience. The 0.618 Fibonacci Retracement is always a very likely target during any bull market, therefore that would be my ultimate target for this season.
I'm not using any technical indicators today, as I am doing a longer term outlook on CVX. I believe there is an important balance between trend line analysis / chart analysis / chart patterns , and technical indicator analysis. I find that trend analysis ( trend lines , Fibonacci Retracement , patterns , support zone and resistance zone ) is really helpful for longer term, whilst technical indicators can be very useful for the shorter term.
Here's my bullish outlook on Bitcoin 👀
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The Bollinger Bands are Squeezing the Juice out of GrainsSoybean short swing trade:
The Bollinger Bands width has narrowed to 2.56% of price which is a level not seen in over a year. A new 6-month or greater low in bandwidth indicates that a volatility squeeze breakout is likely upon us. Similar volatility squeeze situations exist in wheat and corn but they both broke to the downside significantly last week. Wheat was -6.42% on the week, corn -4.21%, and soybeans lagged at -0.20%.
Soybean price reached the lower parabolic SAR which is a signal to short the volatility squeeze. The stop loss is positioned at the upper SAR for this trade. A stop above the 20-day SMA would be more conservative.
The overarching price pattern is a rising wedge with what appears to be a fake breakdown in late January. If we hold below the 20-day SMA it will roll over in 3 days.
Wheat shows a similar setup already occurred a couple weeks ago but it was a head fake to the upside. There is risk in wheat being at the recent low pivot for the 3rd time. It could moon from here like gold did after making a triple bottom. Note the gigantic head and shoulders.
Wheat:
Gold:
Note the lack of a Bollinger Band squeeze at the pre-moon triple bottom:
Corn also shows a similar setup, but there was no head fake, it just broke down out of the band squeeze.
Corn:
Soybean Crush spread:
It appears positioned for a big move in either direction. Seems likely to bounce back up in concert with a soybean drop. It’s in volatility squeeze territory as well.
Oil:
The mother of all commodities has an inverse head and shoulders continuation pattern suggesting more downside:
tldr; short soybeans
$QOMWETH Shiba Predator QOM is the Shiba Predator, it is a community token whose function is to flip the Shiba Market cap.
The live Shiba Predator price today is $1.02e-7 USD with a 24-hour trading volume of $4,162,720 USD. We update our QOM to USD price in real-time. Shiba Predator is up 30.55% in the last 24 hours. The current CoinMarketCap ranking is #381, with a live market cap of $61,291,329 USD. It has a circulating supply of 599,886,333,333,333 QOM coins and a max. supply of 1,000,000,000,000,000 QOM coins.