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Parabolic

On Track for $BTC to $260k *The GREAT Accumulation has Begun*Here we see $BTC in its previous run-up gliding along the PURPLE trend line once it has hit its floor. $BTC has hit its FLOOR, in other words $BTC has BOTTOMED, in other words, $BTC isn't going lower than $3178 ever again Back to the analysis, it touches the PINK parabolic trend line breaching it for a moment and then going back to accumulation mode once again. We see this occur 3 times over the course of a year, and on the 3rd time BOOM goes that dynamite! Now here we are, in 2019, fiat on ramps have improved, market sentiment is vastly different than the MT. GOX era and institutional is primed and ready. We have completed the first accumulation push of the year, we will have two more if market psychology remains the same(which i believe it will). The market cycles also seem to be following the same patterns but in a much more drawn out fashion. In conclusion, the end of this year is going to be euphoric, especially if you have been accumulating through out the entirety of it. Think, Plan, and Enjoy the future! Cheers!
BITSTAMP:BTCUSDLong
by AllAboutTheFuture
$SPY - Daily Chart Extreme Overbought & Parabolic Snapback Setup$SPY - our $283 level of resistance finally broke over with the market busting over and gapping up this week. Spy currently sitting at $288.26 at time of post. Highs of market are at $293.85. 7th green day in a row, constant gap ups making it hard to get day trades with market breadth sucked out before market opens. In individual names, I have been take about 30% less trades than normal. Longs my hold time is about 1/2 of what it was a few months ago. Always have to adapt and find the trend with market conditions. $SPY - expecting a pullback sooner than later with stochastics now at 90.17. Market is due for a breather and pullback to at least 9ema, otherwise other notable level is $283 area again (for tap off support). Have a great weekend coming up!
AMEX:SPYShort
by BullsOnWallStreet
CRON Bubble Popped: Fibonacci Retracement InitiatedThis sure looks familiar, doesn't it? CRON has a lot more going for it than TLRY, but we still lack justification for this recent rush up. Too high maaaan, it got too highhhh. Notice the uptick in buying and selling volume here recently - this is typical in the end of a bubble cycle. Also notice the downward cypher pattern we are setup to form. Bought a 50 delta, March 1st put on it - expecting to hold till around the $16 level. If you hop on the short train, be ready and be careful; this is about to be a wild ride.
NASDAQ:CRONShort
by Derivati_Capital
3
Important: Macro Market Cycle - T.A VersionHey Everyone! First, here's a static picture of the chart we'll be discussing. Something I do very often is get lost in the charts, comparing old data to new, recycling old methods and even memeing technical analysis like the Wall Street Cheat Sheet based off psychology. Today, I decided instead of overlaying the two like I would usually do, was to just re create it. With some simple, yet effective technical analysis to understand why each of those points are labelled what they are. After diving into it, The following is very clear : 1) That this is only a possibility, it's a simple interpretation of a chart that is based off psychology. We could still be at any given point of this chart on the grand scheme of things. I've picked this time zone based off when $BTC/$USDT pairing became available on Binance. 2) That simple technical analysis lined up with emotion, made much more sense as to why the traders at the time would feel the emotions that they did. 3) That the general feeling in the market right now is that of a possible disbelief, which would mean the bottom may well just be in based off a psychological point of the market Let's zoom into each of these points and understand them more. On the way up.. Disbelief , after finally rallying ~ a head and shoulders formed and completed, sending price dropping quickly. buyers quickly jumped in and a healthy double bottom/adam and eve pattern followed.. leaving a nice big wick on the bigger time frames. After forming another small head and shoulders and dropping, buyers quickly stepped in at support, and price sky rocketed in Disbelief . See image here: Hope , after breaching above the previous high, price found a top just shy of a round number and then proceeded to form a successful bullflag.when sent price back up, which then formed a healthy double bottom/adam and eve pattern, which then found support above previous resistance and sky rocketed again. Once buyers were exhausted, another head and shoulders pattern completed sending price sky diving quickly. Traders had Hope that support would hold and the rally could continue, support was held and price bounced very quickly. See image here: Optimism , After finding a local top, price created yet another bullflag, sending price higher creating a new high. Once found, price started to form an inverse head and shoulders and completed it, sending price sky rocketing once again. Another local top was found, and a bullflag was painted, however it was a very erratic one, big movements within each candle, yet it was successful and price jumped yet again breaching the previous high. Once above, it failed to stay above and sharp volume sent price down quickly, but buyers stepped in and kept the candle body higher than the previous high's candle body, giving great Optimism for traders. Once price was back above the high, and found support, price again, sky rocketed. See image here: Thrill , After buyers were exhausted, a volatile sell off happened, which recovered and became yet another bullflag that completed. Once price reached the previous high, it formed another bullflag completed, found support above resistance, which would have sent a Thrill down bulls spines as their investment was now heading completely parabolic. See image here: Euphoria , The parabolic curved reached it's peak, everyone was in a state of Euphoria but most were blinded by greed. See image here: On the way back down.. Complacency , A higher high and low were finally reached. The brutal sell offs had finally stopped. Support will hold.. right? The majority were in a state of Complacency . See image here: Anxiety , After forming the higher high and higher low, we're struggling to get back above the first support we failed, What do I do now? What is going to happen? Am I going to make a mistake? What if price rockets after I sell? What if I don't sell and price drops. At this stage, the majority were feeling a lot of Anxiety . The head and shoulders that has been forming was looking to complete.. I had to convince someone I lived with at the time, it was finally time to sell before. He literally suffered from both FOMO and FONS at the same time. Denial , Support just failed. Most stared at their portfolios in Denial that we were heading down much further yet. Supports failing one after another. The momentum was so great and swift that most did not know how what the right move was. Denial that they hadn't sold earlier at the clear signals to exit. And were failing to see what was playing out right infront of them, a bearish pennant, and two failed double bottoms / adam and eves. See image here: Panic , Support failed, which turned resistance.. price can't seem to get back above.. but also won't drop below the current support.. a state of panic follows.. people began to Panic sell, and others were Panic buying thinking they were catching a falling knife chasing a dead cat bounce.. to only have price continue to drop past previous supports. See image here: Capitulation , No supports held long, emotions are high.. words like ponzi, scam, manipulation etc were used to describe the market movements as some were coming to terms that they had been in Denial and did not want to lose further funds so they sold to save the last of their portfolios finally surrendering to Capitulation . Price dropped 40% in less than a week. See image here: Anger , A dead cat bounce followed Capitulation . Climbing nearly 100% in exactly two weeks. It hit resistance hard but failed to get over, sending price back down, creating yet another double bottom / adam and eve and inverse head and shoulders which failed and sent price diving. Once a local bottom was found, buyers in large volume appeared in April, there was buzz back in the market. Joe Perl and I assumed April would be a target/local/temporary bottom for Bitcoin based off a large descending wedge that was also playing out. However, months went on, and lower highs kept forming and slightly higher lows also. Until a Death Cross on the 3 day chart seemed to be enough to throw us off the edge, sending us further down. Reaching $3,200USD. Price has since inclined and broken above long term trend descending resistance. See image here: Depression , With very few people left in the market in comparison to the major bull run, most with wounds of massive losses in both loss of profit and loss of funds left the market. and still call it a ponzi, scam etc. Some suffering from deep Depression , and a few even taking their own lives who were highly over invested or apart of elaborate scams.. I believe we're currently going through this phase. sooner or later, we'll start to reach a state of disbelief. I feel we're getting to that point now with many calling the market bottom, and many thinking we're going to leg down again. See image here: Once we reach Disbelief again, the cycle can start again. Just because we end a bear market though, does not mean we'll automatically resume a bull market. Something a lot of traders need to learn is "Price vs Time". There is no schedule other than Bitcoin's halving that may change price. Everything else comes down to supply vs demand. I hope breaking this meme psychology chart down shows you just how psychology, sentiment, technical and fundamental analysis impacts the chart. But, regardless of the all the fundamentals.. The chart never lies. Thanks for taking the time to read this. If you wish to join my community, check out my discord here: discord.gg There is a 'Paid/Premium' section to it also, which can be found here: 'https://www.bearbull.market/premium' If you wish to follow me on Facebook, find me at: https:www.facebook.com/tradertroy for my thoughts on the market/trading. And also https:www.facebook.com/cryptobearbull for my business page. My Twitter handle is: @Daemon_Crypto If you're reading this, then you already have access to my TradingView. And lastly, if you want to join a genuine Cryptocurrency community on Facebook, check out https:www.facebook.com/groups/cryptoforblokes
BITFINEX:BTCUSD
by The_Paradoxed_Prophet
1
Where's The Top?? Binance Coin (BNB)This is one of the few coins I've been observing over the last several months that has completely defied my speculation (and one of the few calls that I've gotten completely wrong, I'll admit). That said, in my last BNB analysis, I did say that we were unlikely to reach my lower targets after the sustained bounce from 12000. BNB has obviously not corrected as much as most other cryptocurrencies. This is due to fundamentals, its deflationary nature, its ability to reduce trading fees on Binance, and Binance itself. As you can see, we've gone completely parabolic. Using the pitchfork tool, you can also see that we may be forming a very large uptrend channel. Judging by the RSI and ultimate oscillator, we should in theory be near a top now. Anywhere between here and 50000 might be a good place to take profit into Bitcoin, if you've been in BNB for a while. As you can see, my green X at 50000 lines up nicely with a long term trendline. However, it's also possible that BNB continues to avoid a bigger correction, and it heads up to the very top of the channel, which means much much higher prices before a longer correction. That means anywhere between 0.008 and 0.013 would be in the cards. I think that would be possible if 50000 breaks. But what do I know? My last BNB analysis was totally off. On the short side, if we drop soon and break below the uptrend channel (around 20000-23000, depending on when we touch it), that would be a very strong sell signal, and BNB would experience a long correction. This could happen if we see another bull market soon (people taking profits into beaten down altcoins). It could also happen if the bear market extends further. This is not financial advice. This is just to see what may unfold. It's undeniable that BNB has one of the most bullish looking charts of any altcoin in the crypto sphere. -Victor Cobra
by VictorCobra
GOLD UPDATE 27-12-18Gold still manages to push further up. This is most likely due to the heavy volatility and uncertainty around the indices. Right now Gold is touching long term trend support that turned into a resistance after we broke it earlier this year. Next to that, the price has been moving up in a curve like structure which is never a sustainable move for the long term. Next to that, RSI is starting to near overbought areas and we are facing a very heavy resistance area soon. This resistance are is the area of bearish wave 2 that started at the previous interest hike of the FED. I would be very surprised to see this all break up. if it happens, it would be massive and we could be going to test 1300 again, even 1360 is possible then. For now I am bearish, I expect a bearish movement after we are reaching overbought prices and when the price reaches the heavy resistances that lie ahead. From there a move down to the parabolic support line where we go sideways up for some days. Eventually I expect a break of that parabolic support to continue for more down-movement.
TVC:GOLD
by Aurelius222