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Parabolic

$BTC sickly manipulatedYou might be a Bitcoin believer or not but you can't deny the fact that these days $BTC bull run was mostly (if not completely) manipulated. Let's face it. Interest on bitcoin (especially within the media) was gone. New fuel (new "investors" joining) were less and less. Overall prices were going down slowly with huge amounts of long "bets" posted at irrational price levels (19k$ for example). The only possibility for those people that invested by the mantra of "buying the dip" at every single drop of price since Dec 2017 was to have a sort of bull run kicked off in order to be able to liquidate some if not all of their irrational positions acquired during the bear market of cryptocurrencies. The last few days we have seen a parabolic advance curve forming on the common BTC/USD cross. Volumes picked up and the price jumped from 5k to 7k and more. Now what? well, this market NEEDS a pullback. RSI shows overbought signs in almost all time spans. Be careful....a drop is coming and it's going to be a huge one in my opinion. ***AS usual, not an investment advice, merely my opinion for informational and educational purposes only***
BITSTAMP:BTCUSDShort
by SteveEnnom
3
BTCUSD - Sheer Parabolic Madness. End Near?Personally, I've never participated in a parabolic move like this. As a student of Volatility Theory, my desire here is to analyze this move in shotgun marriage style with what limited information obtained about parabolic curves. Admittedly, a few previous posts were not taken seriously by myself. In an effort to ameliorate and elaborate the analysis, I'd like to bring in a few notable points from Volatility Theory that leans on the usage Bollinger Bands and Distribution sets for a more tempered assessment of this absurd experience and moment in time. Just the points though. If you'd like to learn about Volatility Theory, I'll post a link below. Great group of folks there and on SharkCharts.live. Special thanks for all the ideas floating around from the insightful minds there - especially DadShark, ACATwithcharts, and the many members. Quick Legend : BB = Bollinger Bands StdDev = Standard Deviation LOXP = Longest OverExpanded Period Notable Points : The origins of this parabolic move can be traced back to December (though it was unrevealed at that point for obvious reasons) Price Action moved inside the 50 Weekly Distribution Set (350 BB on the Daily) The present LOXP on the Daily is 70 and it's clearly trending above that after this 4th base Moves like these seem to have 4 bases of contact on the arc/curve which appear satisfied in this analysis What information I have found through simple search suggests that this post 4th move could be the last neck of this leg. The top of this move is not yet known, so the parallel channel here is a projection The top of the parallel channel has been generously assigned to the 1.25 StdDev Upper Band of the 50 Weekly Moving Average The angle of the curve seems to direct itself quite nicely to the Upper Band of the 50 Weekly Bands @ 1.25 StdDev There is a heavy order block in the same area that would constitute a top, though likely only mildly important with this euphoric move A break of the channel 'mean' could be a good indication that this move is coming to an end Projected and evidence based retrace from moves like these are anywhere from 62% - 79%, and have heard 50% retrace is a bit lower of a probability yet not out of the question. The Daily LOXP Mean (70 @ 1.25 StdDev) is going to be traveling up to meet price, which may place it in the 50 - 62% area before all is said and done. The 50 Weekly Moving Average is also starting to settle right around that 50% retrace value Price generally trades to the mean (which it has already done) and laterally as defined by the same distribution set once it breaks inside, as it has here - (a break inside is a crossing of the 1.25 StdDev of the 50 Weekly BB or any distribution set for that matter). Is it unlikely that we break the 50 Weekly 1.25 Upper Band? I think, no. It's entirely possible. I think for this trend to continue on a healthy path, a correction inside this 50 Weekly Band is probable and necessary. This smaller distribution set has turned into a much larger distribution set, which is equivalent to turning off the road. The road does not go this way, as the upper slope of probability is downwards, not upwards (Mark Whistlers analogy, "Why do retail traders attempt to turn off the road with trading") - meaning, we're slightly against the grain here. Again, I'm merely a student of the charts. If you know something about parabolic moves, please share. This idea is as wild as this price action but it has been quite an experience. Good luck traders, may you find yourself on the profitable side of it! www.futuresmag.com www.guppytraders.com steemit.com Reading: Mark Whistler - Volatility Illuminated
BITSTAMP:BTCUSDShort
by MrJEB
Retrace to 5500-5300 on BTCWe have been in overbought territory on the daily for quite some time, now we are overbought on weekly and the move became so parabolic I don't see it being sustained for much longer. Bitfinex is trading at a discount, bitmex funding returned to 0.01%, so this may be the end of current rally. Be advised though, shorting parabolic moves is very dangerous and volatility is high, so if you are not experienced, don't. Better buy the dip when we correct. In red you can see the 50 weekly moving average, I extrapolated it's path so we can guess where a retest can happen if it is to come. It coincides with a 0.5 fibonacci retracement of the whole move from lows. Correction aside this was a very bullish move, which tells us that the bearmarket is definitely over, so plan accordingly. We may not see the levels we wanted a retrace to. PS: If you short here, I'd take 10-20% off at 6400, another 50% at 5800 and the rest at 5300 if it comes.
COINBASE:BTCUSD
by MidnightOne
BTCUSD 1D chart (5/9/2019)Good morning traders. Price continues to move as expected, notching a new 2019 high at $6099 on Bitstamp last night. I am zooming out to the 1D chart today to give my thoughts. I don't really have much to add to what I've been saying for the past 4 months, but I would like to reiterate what I'm thinking. Not too long ago I discussed this parabolic "pop" as a growing possibility (dotted purple curve). I have added in wave counts to let you know what I'm looking at from this larger TF. As you can see, I do believe we are in the fifth subwave of wave 3. However, where it ends remains a question. My belief, at this time, is that we will see it end between $6800 and the daily R3 pivot at $7475. Which level depends on how hard this next push is (should be subwave 3 of subwave 5 of wave 3). As always, I'll outline my thoughts with fibs, etc. during this morning's video update. Everybody else thought that price would get rejected hard at $6000 yet we see price consolidating on top of it, much like what we saw at $5600. This suggests another good push up which aligns with my thoughts. A parabolic move like we are seeing should result in a blow-off top at the end of wave 5. My current wave 5 target (blue line) is based on the wave 3 target shown and happens to be the weekly pivot. However, if wave 3 targets the R3 pivot instead, then the wave 5 target becomes the red line around $10,000. Retail traders continue to remain in disbelief at this year's rally and are ignoring the accumulation that occurred as well as the FOMO that will continue to flood in as price rises above $6000, making these targets more and more likely. However, this does not guarantee that we will reach them. At this point, there are many variables which makes it hard to pinpoint a really likely scenario. So, risk management remains the name of the game, folks. A breakdown from the recent high would likely see price retracing toward the $4350-$5000 level. That is the 61.8%-78.6% extension area. We would have to see how price moves at the beginning of that breakdown to figure out which is the most likely retracement target. My initial soft target for wave 3 remains the $6300-$6500 level, with an increasing likelihood that we will see it tap that $6800 level. But I will be watching price action and volume because the more this plays out as it has been, the more likely those higher targets of ~$6800 and ~$7400 are becoming. Looking at the pivots and price action, we would normally expect price to blow off around the R5 pivot as it is, which only gives more credence toward those higher wave 5 targets. If wave 5 targets $8000, then we would expect a retracement toward $4900-$5600 which is the sideways movement during April. If wave 5 targets $10,000 then we would expect a retracement toward $5800-$6600. In either case, the expected larger wave 2 retracement would find support at key levels before beginning the larger wave 3. 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. Remember, 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.
BITSTAMP:BTCUSDLong
by Chris_Inks
19
Is $NANO The Next $BNB / $BAT / $RVN?$NANO/BTC looks like it has been forming the perfect base for an imminent parabolic surge . Notice how pressure has been building while nearing the 0.5 Fib during the last 3 weeks. Both price strength and volume seem to confirm. What's more, when pressure started to build at the beginning of this month, OBV broke the zero line into positive area and is now already at the same level as the August 2018 high, while price has yet to follow. First target is the 100% Fib level at the August 2018 top. The blue curve line reaches that level by the end of June 2019. At that point a correction might occur, forming a handle for the cup. That said, I expect price to stay above the blue curve line and even deviate away from it once this cork pops. In that case we'll probably break the August 2018 top and hit the 1.272 or even 1.618 Fib level before a major correction occurs. If NANO can confirm its strength and trend during the next couple of weeks, its future surely looks bright towards this year's Q4! This information is not trading advice, but for educational purposes only.
NLong
by TaoCrypto
BTC current resistance and future parabolic runAs you can see in this chart, BTC has some confluences in resistance with the green parabolic curve and the red down trend line. I'm convinced that if we do fall from here, and IF we have already bottom, the next drop will be the best buying opportunity before the next run up. However, I am currently sitting in a BIG SHORT from 5240 and will ladder more if price has one more small push up because the next fall will be a corrective wave and not another wave for lower low. I don't think BTC will hit the 6000 range though from this continuation without a correction. Moreover, we can see that the purple line is still effective since the 2015 bear market and it is currently preventing BTC from going higher at this price. Just my thought process.
BITSTAMP:BTCUSD
by hightableandy
EURO/USD update 2 for this weekHello all ^^ we touched the first liquidity zone and a cool pullback into a very nice lvl for buy euro with tight stoploss! if we dont break that structure dealing range we can hit the next target around 1.138 :) in case we break that structure " Closing below and agressive price action to the downside " we cut the long and start selling stops where my zones are at targeting blue line first objective. i remain short term bullish after hit my first tp zone , but we must wait for what the market wanna do next and swimg the wave
by Betmore66
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