LEND.BTC (Y20.P3.E3.v2).Gems in the making.No.2Hi All,
*** This is a continuation of the previous post, or an update of the link below, Price Action explained ****
I constructed this chart prior to the drop. But the macro approach doesn't change.
The title is related to a few coins, Gems in the making will focus on specific coins that have demonstrated a clear parabolic curve pattern.
No. 1 goes to LINK.BTC, which I had a previous post with this as part of its title.
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ANYONE INTERESTED
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The vision:
I would like to build a team, a community maybe, limited no. where we work as a team on TA of the charts and we all benefit.
There is a criteria, you have to have the same values and mindset with the team. It won't be easy to build this team but why not start.
For now, its only a thought but if you interested let me know, and I can start planning the platform or forum to do this.
The vision, we work together going through the list of crypto, do quick summary of each and routinely review them together.
The criteria is that you know the basic fundamentals of TA and demonstrated it (by publishing your works where I can have a look).
I don't just want anyone but people who have the same mindset and are willing to do the work as a team.
For now, its just the planning I would like to do.
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Now for LEND.BTC
As a student in the art of TA more precisely price action and chart structure, I am very interested to building my knowledge base.
What really is frustrating is time and what can be achieve while this anticipated macro bull run is in the making.
Here is a new subject i'm trying to get good at and its identifying Parabolic (curve) structures.
LEND.BTC definitely falls into this as demonstrated on the chart.
So lets begin in point form >
> LEND has demonstrated 4 bases
> It has an increasing support trend-line, which the angle increases after each base completion
> Respecting the 21/34 EMA along the daily
> Climax ending\extention after base 4
> Pullback complete to 0.5 fib level
> ****** The KEY thing here, its done a double top *********
> The double top is what I'm playing my bets on, and that fractal is from BTC 2017 bull run, a similar structure even prior to 2017.
I'll put a sample here.
MY THOUGHTS:
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This is going to be a difficult thing to explain and even to implement, but if you do it right, you compound your earnings.
Scenario lay-ed out:
> We noted that when BTC rises quickly, the ALTS and their pairing fall back\behind of that impulse wave.
> We have noted, when BTC hits its resistance in an uptrend, the ALT pairing bounce quickly behind.
> However if BTC makes a break, like this likely position of 12 K, you can be sure that the ALT pairings will drop significantly.
> We have noted that the BTC dominance level is approaching the 0.618 retracement based on my chart reference (refer to previous BTC dominance post, link below)
So you can expect the ALTs will take a hit, but after that, the ALTS will rise especially those DeFi and ETH the most.
With that scenario in mind, where we enter LEND is critical, otherwise you can take a hit because of the above points, so you must be quick to react.
The safer play is have only BTC and ETH until we hit $12500 or $13800 for bitcoin OR $465 to $508 for ETH
Otherwise roll the dice with me and buy up LEND, KAVA, SOL, LINK who have demonstrated parabolic structure.
Some are about to finish and start a pullback while others are looking to start the 2nd leg.
The BTC fractal associated with this chart and potential direction
The next project > SOL.BTC
Paraboliccurve
LINK.BTC (Y20.P3.E4).Rare Gems and the Parbolic Curve PatternHi All,
**** This is a continuation of the previous post > LINK-BTC-Y20-P3-E3-TA-on-the-Macro-structure, link below ****
As I am still a junior in this field, I have however learnt something new this week and today to confirm something that just dawned on me, the Parabolic curve pattern.
FYI. I was trying to work out when to sell. Help me if you can?
I don't know much about it besides what I have seen recently on google to know this is it and that it is likely to have 4 base levels.
The issue I have is working out the target.
Some time back (post below) I got the Editor's Picks of the week (and will feature on the page www.tradingview.com). 1st time.
What I didn't know was actually doing a good job at getting the target right (I think, maybe more).
If I had know about this pattern I would have traded it much more successful.
I'm sharing this for others to benefit and to share the thrill of getting things right.
Now if any of you know where I can find out more details about this topic, I would much appreciate it.
For now, I saw a video that stated that the selling point is equal to the Base of (3) x 2.16
If this is correct, then we have 2.16 x 0.00016004 = 0.00034568
and that the Base of (3) x 0.79 with give the base of (4) = 0.0002865
Cheers,
S.Sari
PREVIOUS POST that came to work out OK.
ONT/USDT 1h (Binance Fut.) Parabolic curve trend continuationFA: Ontology is quite bullish with that partnership with Elrond and that Neo pump.
TA: It just made a new high, let's see if we can catch a dip to follow the up-trend!
Current Price= 0.8333
Buy Entry= 0.8303 - 0.8103
Take Profit= 0.8607 | 0.9030 | 0.9892
Stop Loss= 0.7799
Risk/Reward= 1:1 | 1:2.05 | 1:4.18
Expected Profit= +29.58% | +60.48% | +123.54%
Possible Loss= -29.58%
Fib. Retracement= 1.4145 | 1.618 | 2
Margin Leverage= 6x
Estimated Gain-time= 120h
NASDAQ | Parabolic Curve | V-Shape Recovery | Blow-Off Top Todays Chart – Nasdaq 100 Index – Trading in blue-sky territory respecting the parabolic curve.
Points to consider:
- V-shape recovery
- Respecting parabolic formation
- Bullish trend- consecutive higher lows
- Fibonacci extension target approaching (4.236)
- RSI above 50
- RSI bearish divergence
- Multi confluence support (200 EMA + .618 Fibonacci retracement + structural support)
Conjuring a V-shaped recovery, NDX is looking to put in a blow-off top as the finale to what has been quite the euphoric bull run.
Despite the 30% market crash, NDX continues its higher low projection, respecting the parabolic formation as it approaches the 4.236 Fibonacci extension target.
The RSI is above 50, showing strength in the market immediate market, however, there is a technical bearish divergence indicating weakness in the forthcoming months.
Historically, NDX has retraced to the 200 EMA during bear markets which is indicative of a reversal to the 200 EMA being eventual. Furthermore, the .618 Fibonacci retracement (pulled from the 4.236 extension) is in confluence with structural support, thus a retrace to the support zone is probable.
Overall, in my opinion, Nasdaq needs to put in reversal price action (lower highs, lower lows) to validate a short trade to the technical target below.
Bigger picture of where BTC is going (Part 2)Just wanted to add to my last view: as many of you know me already, only when we pass 10,500$ with confirmations from OBV and other indicators, only then I will turn to be mainly focused on full parabolic bull run on my trades.
Meanwhile I keep accumulating BTCs on my long term portfolio investment (I guess I will stop around 14k), and I keep on focusing on shorting the market at important resistances, only after we break the first most important resistance at 10500 with a bullish trend to break the big-term bearish move, only then I will start to longing the market at important support levels (And not only bottoms like on the last Corona crush)...
I love how the market works out so nicely with my expectations on most times. remember guys, always have a plan, always play by your own rules, and always learn what you can improve, avoid FOMO, avoid emotions, avoid chasing.
Also don't forget, I'm a speculator trader, a probabilities trader, my way doesn't fit everyone out there... as I usually recommend you should always focus on finding the mid-term trend and stick to it, this will give you most wins and the best steady profits out there with less risks, try to avoid leveraging, always use SLs, and you should be fine.
PS: If you wonder what are these numbers, these are the monthly candles which I calculate for each run (personal calculations), you will also see them on my previous update.
Bigger picture of where BTC is goingRemember my first "Bigger picture of where BTC is goin" which I posted on TV? (I posted these even before I had TV)
I decided to post yet another one today.
This is my dose of for the price prediction and when I start being fully bullish on BTC on my trades (Also when I start to TP my long term investment portfolio):
* Since BTC is maturing from halving to halving, it only means that it also slows down in the big movement, I think this is necessary if we ever want to see world adaption and BTC above 1m$, because then it will be part of the global economy, and won't be as volatile as it was until today.
- The curve from first bottom price on the big trend line (Purple), and until peak price, is getting smaller (I find it with my own math)
- Which also means that the % growth on the parabolic runs is getting also smaller, and the % correction as well.
- It takes more monthly candles to transcend important highs (Also we create more highs as resistance)
- And we create more and more rising trend lines to ignite the next parabolic run
- The fib' target levels getting more and more realistic to the profits range levels (I think this parabolic run won't go above it like on last 2)
- A big confirmation should be with the OBV going above ATH as well, this will show that smarter money is entering the market
(Each phase we have smarted money, first we had the geeks, then we had the black market, then we had the average person, institutional money and fomo of the rich people should be next, and then gov''?)
* My overall idea is to split it into 3 target areas:
1. TP1: 30k-50k$ - should be at-least 60% out of Crypto
2. TP2: 55k-70k$ - should be at-least 85% out of Crypto
3. TP3: 75k-120k$ - should be at-least 90-98% out of Crypto
Lets see how my chart will follow in next few years <3
Parabolic curve pattern And The Ascending Broadening Wedge
The objective is 183 the fibo 0.618.
Here we go before bullrun
BTC bottomed at 7300?What is Parabolic Move?
In purely mathematical terms, a parabolic move is an exponential rise. Parabolic Curve chart patterns are generated when steep rise in prices are caused by irrational buying and intense speculation. Parabolic curve patterns are rare but they are reliable and are generated in mega bull trends. These patterns trend gradually making higher highs and lower lows in the beginning stages but can be volatile in the exhaustion and reversal stages.
Irrational buying in the public generates a strong rally to push prices vertically, followed by a steep sell off. Examples of this market types are the NASDAQ bullish markets during 1990–2000 (retraced 80%) and Gold prices from 2000–2011 (retraced 62%).
Parabolic curve is a reversal pattern and has a very predictable outcome. Although they are predictable, they are relatively difficult to trade since the market sentiment is bullish and may be relatively tough to point reversals to trade. Most Parabolic curve patterns have a significant correction of 62–79% of its price rise (from the top).
The basic ideas behind Parabolic curve patterns:
— Pattern is easy to spot but difficult to trade with excessive volatility.
— Most Patterns retrace to 62–78% of its rise. 50% retracement is first target.
BTC moved from 3.337 to 13.868 = $10.530 with %315.49 increase
From $13.868 to $7296 = $6.572 with %48 (correction) retracement.
Are we done here or there is another %30 drop coming?
Bitcoin Parabolic Since 2013, but this months close could??As you can see on the chart Bitcoin has been in a monthly parabolic curve since 2013. This months candle is testing the trend and the close will tell are we going up or finally break the six year curve. Let me know your thoughts!
Lunyr ~12 Dollars August 2020 refer to .45 cents as bottom.My chart is kind of a mess, but i did over 4 hour of TA so i thought i might as well give you guys a peek, here's the rundown of my analysis.
First pitchfork its based off the monthly candles, in return they don't correspond to areas that intersect with candles, based on the daily chart.
Second Pitchfork Corresponds to the bottom of the first PF, as well as (0) and (A) on the ABCDE Elliot Wave.
The third and Final PF is a Modified Schiff Pitchfork Corresponding to the bottom of the second PF, as well as (E) on the ADCDE Elliot wave, and a wick near the ~4.6 Dollar mark.
KEY:
Blue Arrows:
Signifies possible movement by Lunyr.
Red Arrows:
Signifies End Of Movement TA
Black Opaque Arrows:
Signifies Trend Lines
Black Candle Sticks:
Represents Strong Resistance/ Deviation From Trend
Purple Triangle:
Represents ABCD Triangle Pattern
Red Triangle, Near Bottom Of Graph:
Corrective Move Back Up To ABCD Triangle
Red Triangle:
Not To Scale, Refer to ~.46 Cents As The Bottom
Time Frame:
~12 dollars in August is speculative
Target Is Still The Same, Time Is Relative.
Targets And Stop Losses:
To Enhance/ Give Relative Targets To the Corresponding Channels
SHORT TERM SHORT
LONG TERM LONG
Will Update Chart If And When Lunyr Re-Enters the Lower Channel/ Re-Enters The End Of ABCD Triangle Purple Triangle
NOT AN EXPERT DISCLAIMER.
As Always DYOR and Good Luck.
Trading Bitcoin in a Parabolic Curve - Possible $30,000 TopFirst off, I'd like to shout out a fellow trading view analyst @filbfilb who predicted with high accuracy a $20,000 top and a regression to the mean of $3,000 in December of 2017 by using a similar style chart of analyzing a parabolic curve on Bitcoin.
I'm taking his concept and applying it to the current trend and 2019.
There are so many macroeconomic events that are creating a bullish vaccum for Bitcoin right now:
- Weakening world fiat currencies
- Trade tensions
- Federal Reserve Interest Rates
- S&P500 looking toppy.
- Economic sanctions.
- Yield curves on bonds moving upwards.
From the parabolic chart, it appears that we are currently breaking out of the Base 3, which is one of the fastest acceleration points for an asset.
In 2017, we saw multiple 40% corrections in Bitcoin during its ascent to $20,000, but for 2019, we haven't had a single correction over 30% so far.
This can be attributed to a lot of reasons, but a parabolic trend is where there are no sellers left as price rises due to supply/demand and it creates a vacuum where there is only buying pressure.
You will see slight profit taking at different levels as each person/institution will have a set target range for them to exit an asset, but new buyers will typically step in.
Based on Google trends, there is barely an uptick in retail interest so far, which means that this is being driven by institutional interest and not so much retail.
I derived $30,000 top from my Fibonacci levels that I created over a year ago, which lines up with the 29.034 Canfield Fibonacci level. I had previously been anticipating a cycle high at the 46.979 fibonacci level at $52,000, which may be the cycle top.
So to be clear, I am not claiming that $30,000 will be the cycle top for now, but will be a strong resistance level where we should see some strong profit taking and a potential parabolic break to the downside towards the .618 fibonacci retracement level around $13,500.
If you don't remember those fibonacci zones, I derived them from the following equations beyond the 4.23 to track long term assets in an uptrend.
• 6.854 = Any number in the sequence / 3rd number prior in the sequence
• 11.090 = 1.6185 = Any Number / 4th number prior in the sequence
• 17.944 = 1.6186 = Any Number / 5th number prior in in the sequence
• 29.034 = 1.6187 = Any number /6th number prior in the sequence
• 46.979 = 1.6188 = Any number / 7th number prior in the sequence
• 76.013 = 1.6189 = Any number / 8th number prior in the sequence
• 122.992 = 1.61810 = Any number / 9th 2.88% number prior in the sequence.
This also coincides with an intermediate cycle top that corresponds to Positive Crypto's golden ratio multilpier as well that Crypto Hamster took and made into an indicator on Trading View (just search Golden Multipler)
Strategy:
Ideally, you stay in a long position until the trend breaks and if you are looking to short, I would do it with 1X at the resistance levels outlined above to create a 'synthetic cash' position to hedge yourself with a stop loss above each resistance point. RESISTANCE ZONES: $16,800 and $28000-$30000.
Let me know what you think of my work and if you want to support me, give this idea a like and leave a comment below.
Thanks!
