Get started

Parabolic

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
Trump-Bump CorrectionTrump's presidency was followed by a statistically significant increase in stock prices,(*) which climbed parabolically during anticipation of tax cuts and consequent economic stimulation. Even if Trump's agenda proves to stimulate the economy long-term, at this moment in time, and since February 2018, investors are less confident in their prior rosey economic forecasts and so prices are falling toward long-term 2009-2015 support, which held closer to real GDP growth. However well Trump's agenda fulfills its promises will determine which of these possible trajectories the future holds. (*) archive.is
DJ:DJILong
by iGoddard
New Call for the Bottom in BitcoinI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. For a variety of reasons I no longer believe that $2,718 will be the bottom of the 2018 Bitcoin’ bear market. I am now very confident that we will return to $1,000 before finding a bottom. That is due to Tyler Jenks’ hyperwave theory and the Point of Control on the Visible Range Volume Profile with > 2 year look back | Calling for $35 ETH before the end of 2018, however I do not believe that will be the bottom. Strongly expect ETH to return to single digits before the end of 2019. I thought that a breakdown from $6,000 to below $4,000 would cause capitulation and then I thought that support would be found slightly below $3,000. $2,718 to be exact. I was wrong. That definitely was not capitulation. Now I am very confident that we have a long way to go before find a bottom, falling to $2,718 would definitely not be enough. However I want to be very clear about the following: A return to phase 1 is not my call for a bottom in Bitcoin', it is Tyler Jenks' call. He has been saying this loud and clear for a long time and he has been mostly speaking to a deaf / angry audience. He continues to be right at each step of the way, yet the large majority continue to doubt / ignore / troll him. Including me, until recently. "As a technical analyst I know that nothing is 100%. I am embarrassed to say that hyperwave is 100% in terms of when you break a phase 2 that you go all the way back down to the phase 1. In this case it's $1,000. I would love it if this was the first time ever, out of 100's of examples, that this is not true." -Tyler Jenks at 17:28 in the following video: www.youtube.com I know enough about hyperwaves to have confidence in a return to phase 1 above anything else. I'm not shorting at these prices, stay tuned for the daily update to learn why, however I am also no longer a buyer from $2,700 - $3,000. This is a very important distinction and the explanation mostly lies within the risk:reward implications. There is one more distinction that I would like to make: the difference between bitching out on a great entry that you have waiting patiently for and the times when new information is presented and adjustments should be made accordingly. I have been planning on buying my Bitcoin back once the price got below $3,000 for months (sold $11,000 & $7,000). Those months felt like years and I have the gray hairs to prove it. However I know that I need to adjust my plans based on new information and I am confident that it isn't due to giving into any FUD. The main reason I am confident about that is because I have fallen victim to fear, uncertainty and doubt one too many times and I know what it feels like. The bottom line is I don't really sense any of that now and that is the main reason I feel like we have a long way to go before capitulation. Okay, enough of my input. Watch Tyler Jenks podcast on Youtube. Register for his upcoming webinar on Saturday. Then register for his presentation on hyperwaves at Tone Vays' Unconfiscatable conference in Las Vegas. If you do the latter then I will even buy you a beer after it is over and we can talk about all of the money we are going to make!
BITSTAMP:BTCUSDShort
by Sawcruhteez
6
BTCUSD: Long Term Support — I Suspect We'll See Lower PricesIt's really easy to get caught up in lower timeframe price action, especially when things are looking bullish. I want to play devils advocate here and point out a long term support line (purple) nobody seems to be calling out. We haven't touched this long term support since May of 2017, and usually do after a parabolic advance is violated. The parabolic advance of the epic bull run of 2017 was violated in December, and we have yet to wick our purple long term support. Taking a macro view, I suspect we'll see lower lows within a couple months.
COINBASE:BTCUSD
by modestmouse
15