BABBTC Parabolic movement just finished, possible 50% gainsA very important thing I learned is that after almost every parabolic movement you will find at least an 80% correction, so guys I just spotted out this one in BABBTC. You can see that we have already closed outside of the parabola and the next confirmation in low time frame I will enter in a long position with the stop loss few pips below the grey box.
Parabolicmove
Bitcoin is Mooning Literally Parabolic, Look at It Go!I just drawed the yellow parabolic moon on Bitcoin
BTC/USD WHYimTheBesthope you understand with basic rules why this target in specific is the most heavy resistance in the chart
thank you all !!
Bitcoin's Possible Failure and RetracementCurrently, the price objective of the broadening wedge has not been hit, that is bitcoin's failure. If the top of the broadening wedge does not hold, then it will most likely retrace.
In White, there was a small ascending triangle/Double top on the 4 hour time frame, and it broke out to the down side, it is possible that BTC will retest the top of the broadening wedge, which is around 10100 to 10000, failure of this area to hold will most likely indicate a retracement to the 6k levels as previously mentioned. This would also void the previous analysis of the parabolic move.
There is still ample space in the 4hr RSI to fail, however, a bounce off of anything above 40 would still be indicative of bullish moment, however, if it fails to bounce in that region, then the daily must be analyzed to identify, whether bearish moment has seeped into a larger time frame. In addition, there is a bearish divergence, however, this may only be worth noting on this time frame.
Previous Analysis:
Bitcoin and Parabolas This pattern is not even close to being complete, and there is major upside potential as bears have shown extreme weakness at halting this move.
The parabolic pattern:
This is most likely a parabolic pattern and there have only been 3 bases to this parabolic move, this means that there is still a high probability that the price can at least double from the price given at the 3rd consolidation. The price of the 3rd consolidation is 7.5 which can be seen in green, thus, it is highly probable that the price objective is estimated to be approximately 15k, if the price triples, I'd expect to see a move to 21k, however, it is important to note that most parabolic moves end with at least a 60 percent retracement of price, this means that if price does move to 15-21k, a drop to 7k should not be out of the question (resembled in the white arrow), however, I suspect any price below 6k would mostly be untouched. The price range of the move can be seen in the light blue box, however, it is also important to note that this is only a conservative estimate of the price objective, we could see prices well beyond this before a decent retracement , in some of my other analysis, it would be close to 80k, but that is a distance away and seems highly unlikely so I wont be posting it. If there is popular demand to see that analysis, I could post it, but take it with a grain of salt.
The as for the broadening wedge, the current price is just under the price objective, where the price currently sits at 10900, the price objective is approximately 12k. I expect to see a small consolidation around 10-14k, and a possible continuation of the price movement.
No indicators are necessary until there is a strong signal against the trend with confirmation by price and volume. In situations like these use of them should be weary because they may provide signals that are only indicative of a small reversal as opposed to a large one. This can be proven repetitively.
Previous Analysis:
BITCOIN DID NOT FORM A LEFT SHOULDER BUT IT IS DOING SOMETHING!Everybody is claiming H&S pattern, but what most people forget to realize is that left shoulder is a fake left shoulder because of the market manipulation that FORMED IT! That is not a left shoulder it was someone who sold off 5000 bitcoin around May 16th to May 17th in an attempt to manipulate the market where shortly afterwards people bought the dip rather quickly because they KNEW and understood to buy those dips that quick. Don't get fooled by thinking this is a H&S pattern and be left out.
Imagine it for yourself remove the market manipulation and what does the chart / pattern look like now? YEAH, exactly! It's not H&S pattern. Just hope nobody gets left out and thought it was important to share this because a lot of people miss little details like that! WHALES are patient they set it up like a poker hand, and a lot of people are getting played right now. Don't get played for a potential short when it's not a short hand right now. I've give you the facts, and showed you first hand why it's not a H&S pattern. Don't be fooled. This is exactly what whales want... they want you to think it is a H&S pattern so you go short while they do the opposite and profit.
Of course don't use my advice for trading, and only trade what you are willing to lose. This is for my own purposes to learn and become a better trader at posting my thoughts and seeing a record of when I was wrong or right to become a better trader overall. Thanks for taking a look and read I appreciate the support! Wish everybody to have happy trades.
HERE IS WHAT WILL HAPPEN WITH BITCOINS PARABOLIC TREND!Bitcoin is in an obvious state. This is a parabolic uptrend, and we will soon be testing those higher resistance levels, but as in my other posts currently we are in a TINY bear down trend because we went up so fast we need to correct. Strongly think we will potentially bounce off of the 7200-7500 zone, but it is definitely possible to fall even below that into the 6000-6200 range. After which we will see a definite rally upwards because overall we are bullish at the moment. The volume is meh, but it will come very soon with October approaching sooner and sooner the FOMO becomes more of a reality. People don't FOMO ON October.. it's always before hence FOMO. Which is why we will definitely see that price go up before October and there is nothing that can stop that uptrend from happening.
Buy dips and accumulate because this is going to be an insane ride.
eos/usdt will go down from here !hello friends! according to my analysis eos/usdt will go down from here because it is at strong reisistance, parabolic support have been broke , divergence made with rsi . just wait for a good bearish candle and close buy position or take short position .
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disclaimer : I could be wrong please take trade at your own risk .
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
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Reading: Mark Whistler - Volatility Illuminated
$XBT parabola and Current Situation. Here I am just marking supports and resistances for the Bitcoin Chart.
Last Idea of ours showed a major resistance which $BTC crossed and should be acting like Support now (S/R flip).
Unless the new volume comes in we'd see a correction soon .
Consensus is coming and so I am expecting some Alt runs. A lot of them making Rev H&S pattern.
Next big resistance is 69xx - 73xx, If Bitcoin reaches there, I'd expect a pullback. But to reach there we will need new volume. So team parabola, this is a chart for you using a parabolic support as well.
BTCUSD - Fail TA Parabolic HumorHere is some more fail TA that I found on the internet - basic search told me this would happen.
Careful folks, it's crypto..
EOSBTC: When moon?Now, that I have your attention.
When this breaks down:
EOS will dip then possibly moon. I am quite literal here because I believe that if BTC dips below 3800 it will keep falling for a bit. EOS being the top gainer recently, along with other altcoins, will be seen as a speculative valuable investment asset that has the best gain potential out there. Out of greed, many investors will take this chance and the price will start to fly... I would give it a few days. This may be a bubble, but it is undoubtedly parabolic. (Entertainment Only) (DYOR)
BTT/BTC swimgtrade spring-summerswimgtrade parabolic move
green box buy zones
19 18 17 16 15 14 sats
ETHUSD - Fresh Cup of Bullish Hopium, Cup and Handle?Please excuse the Spillage, but how about a Fresh Cup of Bullish Hopium. Is ETHUSD Displaying a Cup and Handle ? Previously I have been riding a Bullish Butterfly Pattern rather hard, and in addition - on attempting to relate to the recent minor parabolic moves , this pattern has emerged. Enter Cup and Handle?
The most anticipated Hard Fork has gone live, and the price action hasn't snapped the handle off just yet.
Price action is presently caught under the EMA Ribbon on the 4-Hour Chart, but what's new? Minor uptrend lines are being challenged by the Bears Daily, but Bulls are in the mood for buying dips. Long Positions are still holding ground on Bitfinex.
We have a nice and stubborn Trading Range of $10 here with dump and dip buying on both sides. If this is a Cup and Handle, it'll be set to boil over and up the handle, should it meet the requirements and validate: " The duration for the formation of a handle is usually from 1 week to several weeks. The handle should be considered reliable only when it is formed in the top half of the cup formed... "
Something to watch, and something to read:
tutorials.topstockresearch.com
Good Luck, Traders. May you find yourself on the profitable side of it!
See my posts on Bullish Butterfly, as this pattern has yet to invalidate and is something to watch as well.
Please Sir can I have some more?Now for some optimism in this era of anticipated FUD and panic. The technicals might be bearish but just consider the divergence between the actual Bitcoin price and all of the pipeline institutional developments on the horizon for Q1 2019. Consider that Bitcoin might actually be printing a parabolic arc and is very very close to the actual bottom. This parabolic arch makes sense based on what's still to come and based on the trough aligning with our weekly SMA200 which many believe to be our last line of defense before capitulation.
If you look at our SMA200 resistance on the daily chart (SMA1200 on the 4H), you'll see this is around our $6500 resistance which acted like an iron curtain during our extended stay during the $6ks. I think a daily close above the SMA200 should signal the beginning of a strong new uptrend which could potentially set us up for a golden cross between SMA50 and SMA200. If this arch plays out, then the general pattern could fit quite well within a large ascending channel where resistance is formed by connecting the 15 October swing high to the height of the arch, which gives us an upside target of $15-$16k.
SMA200 on the daily chart also coincides with 29 December, the SEC's decision date regarding the Van Eck bitcoin ETF. An approval might just be what we need for a close above the daily SMA200 and since the decision has carried so much weight in the media these past few months, a rejection or deferral to 28 February could be the catalyst for capitulation, in which case the price could reach $1k based on the 168.1 fib extension from the 200 week SMA.
If we do have capitulation, we still have Bakkt bitcoin futures launching on 24 January, Fidelity launching their institutional platform for Bitcoin sometime early next year, and if the SEC decision regarding the Van Eck bitcoin ETF is deferred to 28 February 2019, then this might be the catalyst since it is the very final decision date and the Van Eck apoplication has carried a lot of weight in the media these past few months.
Good luck and happy trading!
