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Parabolicmove

BTCUSD | New ATH coming in parabolic patternBitcoin and the aggregated crypto market are seeing growth as the stock market rallies. This comes shortly after Pfizer announced that their vaccine for the rapidly spreading virus has 90% effectiveness. This is great news for the stock market in terms of reducing global uncertainty and boosting the economy, but it is bad news for safe haven assets like gold – which have nosedived. Bitcoin is still steady in $15 000 - $16 000 region. Nevertheless, one of analysts believes a move past $16 000 is just a very beginning. You can see his Bitcoin price action forecast till the end of the November with a possible monthly displacement till December 2020. He found Bitcoin price action will confirm parabolic pattern in case of finishing 3rd consolidation base on November 15th at the area above $15 700. This scenario can lead the price to a new ATH around $23 600 level in case of burst which occurs after parabolic pattern completion. You can see risk management and target levels for the analysis at the chart Will Bitcoin reach a new ATH in the following months? It will be a miracle and a disaster at the same time. Last time Bitcoin grew enormously in parabolic pattern we had 2 years of depression at the cryptocurrency market. Anyway we cannot affect the market so let's just prepare a bag of pop corn and see how the situation develops! DISCLAIMER Do Your Own Research. The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances.
COINBASE:BTCUSD
by Skyrexio
AMZN: Arithmetic and Logarithmic Charts ExplainedIn this post, I'll be shedding light on the difference between arithmetic and logarithmic scale charts, and how to best use both charts to your advantage. Arithmetic Chart - The chart on the left is a chart that uses the arithmetic scale - This is the chart most common to us all, and one that's easiest for traders and investors to comprehend - An arithmetic chart represents price on the y axis, using equidistant spacing between the prices - This is demonstrated on the arithmetic scale above; the distance between 1 and 2, is the same as the distance between 8 and 9 - Arithmetic charts demonstrate absolute value Logarithmic Chart - The log chart on the right side has a different approach to interpreting price movement - The y axis uses equidistant spacing between designated prices - This is demonstrated on the logarithmic scale above; the distance between 1 and 2, is the same as the distance between 2 to 4, 4 to 8, and so on. - The logarithmic chart demonstrates the percentage change in the underlying asset's price Case Study: Amazon (AMZN) - We can take a look at Amazon's arithmetic and logarithmic charts, dividing them by significant phases to better understand the differences - We can first see that the area marked by 'extreme volatility' on the log chart, is much more drastically demonstrated than that of the arithmetic chart - This is because price fluctuations in terms of percentages were drastic at the time, due to the Dot-com Bubble. - For more information on the Dot-com bubble and today's stock bubble, you can check out my other analysis below: - However, because in terms of the absolute value changes during the Dot-com bubble are minuscule compared to the price fluctuations today, the phase of extreme volatility is barely noticeable in the arithmetic chart - In the period of a 'steady uptrend', we can see a clear and steady uptrend in the logarithmic chart, indicating that the stock moved up at a consistent pace, percentage-wise - The arithmetic chart, while not drastic in the uptrend's degree, demonstrates parabolic momentum building up - We then have the 'exponential growth' phase. Here, we see a move from $400 to $3,400 on the arithmetic scale. - However, the logarithmic chart merely demonstrates a steady uptrend without much volatility. - This is because while the absolute value of the stock has risen significantly over time, the percentage change in the rise was consistent. Conclusion While the arithmetic chart is more familiar for the average trader/investor, logarithmic charts help us clearly view long term data, especially when price points show immense volatility during the short term. As such, log charts can be effectively used in for technical analysis of cryptocurrencies, as well as volatile tech stocks with long price history. The understanding of the log chart is an effective tool, but it must be used with caution, since most people intuitively interpret a chart as an arithmetic one. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
NASDAQ:AMZNEducation
by Michael_Wang_Official
7
Bitcoin: Short Term Parabolic Trend 1H (May 15)X Force Global Analysis: Bitcoin has broken out of a bullish ascending triangle pattern, after a significant corrective wave. In this analysis, we explore the current technicals demonstrated by Bitcoin's hourly chart. Analysis - We have broken out of major resistance zones of 9.3k and 9.5k - We have also broken through the descending trend line resistance with great momentum - The most reliable support trend line demonstrates a parabolic trend for Bitcoin - The technicals demonstrate bullish momentum too - Relative Strength Index (RSI) shows a clear uptrend, with higher lower and higher highs as a sign of trend strength - The Moving Average Convergence Divergence (MACD) also demonstrates a clear uptrend, with strong bullish momentum - However, we have learned from history, that parabolic trends are not sustainable - After breakouts from more or less four base levels (phases of consolidation), a break down the parabolic trend line takes place, leading to a corrective pattern - Our last remaining resistance zone is at the previous local high, 10K Market Sentiment: The market sentiment is extremely bullish, with long short ratios at 73 to 27. What We Believe Whether this bullish move will mark the beginning of a new bullish rally, or whether it's merely a means to eliminate high-leveraged late shorts and provide liquidity in the market for bigger short positions remains murky at the moment. A break and close above 10K levels could confirm a bullish rally up to new highs, while a rejection at those levels could signal a bearish double top formation. Trade Safe.
BITSTAMP:BTCUSD
by XForceGlobal
1
Don't Mind Me Just Trying To Predict The Future Quick explanation here for our bulls and bears out there. (This is my unbiased view,i personally expect us to break out the bottom of this channel, but i'm not willing to deny a pattern until its invalidated) Inverted Head and Shoulders: The move will push us down to ~215B total cap followed by a quick recovery. (Puts bitcoin down to ~7.9-8.1K depending on BTC.d at that moment in time) Cup and Handle: A move to test our above Bear trend "Represented in red". If we are successful in breaking the trend and out of our channel the handle will be completed. A measured move puts us up to ~330B on our total market cap. (Putting bitcoin up to ~11k, once again depending on BTC.d at that given time) *Fractals may not pan out according to plan, as they are only there to represent place holders for the measured moves* I'm most likely to only post charts related to our total at this time, until we break out of this ~195-245B pitchfork channel and choose a direction. As always DYOR and safe trading.
CRYPTOCAP:TOTAL
by CapitulationCalls
6
I'll Take "What Is A Bear Trend" For 500 AlexHello all, This is just an update from my last chart better representing levels, just in case we continue our bearish trend. This chart, compared to our last, is charted on the daily rather than the 4 hour time frame. We have touched basis with our trend and rejected, if we don't make another move to break out in the next week i suspect we will be descending deeper/ possibly retesting our lows in 2018, but that is unlikely as of now. (At this moment in time my last chart is still active, but if our total drops below ~228B we are most likely continuing our bearish trend) Grey Lines represent Fib levels. (Fib levels starting point is December 2018 Lows/ ending point June 2019 Highs) Red lines Represent Support and resistance zones. If we fail to break out of our long standing bearish trend, represented by the Red line directly above our candle stick patterns, we will most likely head down for lower lows during February-March. In my opinion it is not wise to be over leveraged in either direction at the moment as we are at a turning point in the market. Feel free to comment and share your views. As Always DYOR and safe trading.
CRYPTOCAP:TOTAL
by CapitulationCalls