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Parabolic

BITCOIN GOES ORBITAL: REVISED ESTIMATES - $50,000 IN 2 YEARSBased on recent price action and a clearer parabolic picture, I've revised my estimate upwards from $30,000 in two years to $50,000 in two years. Nothing in this post is a prediction. Traders should be very very very careful with this instrument. High volatility is to be expected if it hits $15,000 or $18,000 - which could come by the end of the week. I've not traded Bitcoin recently. It's one thing to speculate where price may be going, and quite another to put your real money on it! I wasn't going to take the risk. I'm not a gambler - end off. Hats off to gamblers who made money. Enjoy. No - I'm not green at all. Yeah really! FAT DISCLAIMER: This post is not intended to encourage anybody to buy Bitcoin or trade it. If you happen to be influenced and you invest or trade, your losses are your own. In other words, sue yourself if you lose your money!
BITFINEX:BTCUSDLong
by Captain_Walker
2
Patch forming on the dailyAs expected we bounced of some fibs and then patch took control of the bulls. Common to see a patch of this volume break to the upside Still waiting to see how the rsi preforms under patch intimidation Patea Maori Club indicator showing strong poi E Here is my heart indicator showing strong levels of Jake and Beth Heke The RSI indicating that Beauden Barrett is primed and ready to take off 2019 world cup Use stop losses Don't forget to take profits
BITSTAMP:BTCUSD
by UnknownUnicorn2014765
Potential head & shoulders pattern on the 30 minute chartAfter an insane 1 day candle that pumped its way above every resistance on the chart except 2 but then ultimately couldn't stay above the always magical 61.80% fibonacci retracement level at 13600, we witnessed price action plummet a whopping 10% to the 11.6k range in under a minute and then quickly jump its way back to the 13k range liquidating shorts and longs alike! Once it got back up above 13k most have now assumed the correction is over and the bull run will now resume however we are currently forming this head and shoudler top pattern on the 30 minute chart which if triggered could drop us to 9.7k and reveal the correction is much more than just a 10% correction. We've been long overdue for the normal 31-41% percent correction that most bull runs tend to get much sooner than this far into the bull run so its very possible this may be the beginning of hat level of correction. In fact, a 39% dip from our current top would take us right back to our strong red horizontal trendline at 8504. Not only that, but the 1 day 50ma (not shown here) happens to be currently overlapping the 8504 trendline and creating double reinforced support with it so it would likely create a huge rebound bounce up in price if price action were to dip 39% to test it. One more confluence with that zone is that it was at 8500 or so where the gap up was found on the CME Futures chart and those kind of gaps tend to always get filled before too long so a revisit to the 8k zone is not out of the question. Of course 10k could provide enough support to prevent that or we could also already be done correcting entirely. Because all these possibilities are currently on the table his idea will be marked neutral but these are all zones to watch indeed.
BITSTAMP:BTCUSD
by DrDovetail
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!
BITSTAMP:BTCUSDLong
by jacobcanfield
96
$BTCUSDBITSTAMP:BTCUSD Posible patrón de parábola formándose en esta criptomoneda. Está en un rally incontrolable y recién acaba de cruzar los 12K marcados como resistencia psicológica de número redondo así como también por la línea de extensión de Fibonacci de 0,5. Ya pasamos la mitad de la caída y se está acelerando la tendencia alcista del Bitcoin. Desde los últimos días que subió de manera muy rápida desde los 9K y prácticamente sin correcciones tal como lo haría en el 2017. En caso de cumplirse este patrón podríamos espera que en los próximos días salte hasta 14K para luego ir a buscar los 17K. Si, demasiado bullish es el pronóstico, seguramente es demasiado difícil de creer. Si no guiamos por el MACD, también se indica una continuación de la tendencia alcista en la compresión diaria. RSI da sobrecompra hace ya unos días aunque no está en valores que no haya tocado anteriormente, por lo que indicaría que tenemos todavía unos días de suba hasta una posible corrección que no cambiaría la tendencia de largo plazo
BITSTAMP:BTCUSDLong
by TradingToro
ABBV Sell Vacuum - Understanding Climaxes and VacuumsABBV is selling off this week in a third leg down from the buy climax and all time high. Although it looks strong at first glance, this is more likely a sell vacuum (sell climax) than the start of a strong bear breakout. A vacuum is created when strong bulls step aside and wait for prices to reach a location they want to buy, and the strong bears continue to hold for the same price level (and some continue to sell). This creates a temporary one sided market. This sell off is likely a test the previous converging triangle, and middle of the trading range preceding the bull breakout. The bulls will look to form some sort of double bottom which could be a failed breakout below the 60 or 50 lows, or an actual double bottom. If there is a reversal up next week, it would form a parabolic wedge bull flag, bears will look to take profits and bulls will look to re-establish longs. If instead there is continued selling and a strong breakout below the 50 low, the bears will likely get a test of the opening tight trading range around 40. If you found this helpful please like! Feel free to comment or ask questions.
NYSE:ABBV
by tradersmentality
Comparison of parabolic moves in BitcoinGiven the recent parabolic move in Bitcoin, I thought I would take a look at previous parabolic moves. Disclaimer: The below is by no means an exact calculation, but more some things I noticed and wanted to share. Also, the dataset is way too small to get to any exact conclusions. Also, this is my first publication ;-) PAST I started with identifying all the parabolic moves I could find on the daily or weekly timeframes and draw best fitting arcs (yellow A-G), making sure the arcs would only move up and right (no down or left movement allowed). Then I added the measurements of the move up and the following maximum move down (white dashed arrows), giving me percentages. Now, the markets are not exact, so these measurements should me looked at in a rough way. What I first noticed, was that the bigger the parabolic movement up, the bigger the crash afterwards (percentage wise). Let's see if we can more details on that. First, I looked at A and B. They are very similar in the up move (200 vs 250%), and also quite similar in the down move (50-55% respectively). Let's just say for simplicity that a 250% parabolic up move results in a 55% down move. Then I looked at C and D. Very similar up moves (roughly around 2000%), and very similar down moves (roughly 85%). Now we get to E: the move up is only about half of A or B, and also the down move is less: about 40%. So, if the up move is twice as big (120 vs 250%), the down move is only about 15 percentage points bigger (40 vs 55%). Did I already mention that these numbers are not exact, and that I'm rounding them a lot? ;-) Now let's compare C & D with A & B: An up move of about 8x bigger (250 vs 2000%), results in a down move that is 30% percentage points bigger (85 vs 55%). Now, I looked at F, the mother of all bull markets in BTC. This curve show an increase of roughly 5500%, more than 2.5 times the increase of C & D. We don't know what the full down move is, since we're not sure the bear market is over. Now for simplicity's sake, let's just assume it is 2x the increase (way off, but this is just to illustrate an idea). So: E: 1x up move = -40% A & B: 2x up move = -55% (-15% extra) C & D: 16x up move = -85% (-30% extra; 8x compared with A & B, 16x compared with E) F: 32x up move = ? Now, looking at the above, one would conclude that the drop after F is probably larger than the drop after C or D, because the up move is also bigger. How much? Well, it's not linear and it has to be less than 100%, so let's see what we can find. I decided to plot the few datapoints we have in a graph, drawn by hand ;) To me, it looks like a parabolic curve, although more datapoints would be better. PRESENT AND FUTURE As you can see in the graph, the projection for the drop of our parabolic F move hardly fits on the graph, but the estimated drop would be something like 90-95%. I drew some orange arrows in the chart from the top of F to 1830 and 1360 levels, and those ended up being 90-93%, both likely targets (long term). We already dropped 84% to the 3000 area, which was also an area of support. Now we have started another parabolic move from 3k upwards, and as of writing we are at the 11k level. So far that is a 260% move up. Where will this move end? I decided to draw a best fit trend line (magenta) from 2012 through 2017 and right through the point where we dropped from 6k to 3k. Right now we are very close to this trend line and I think this will be big resistance, just like the diagonal trendline (in red) was when we got to 20k. If this magenta trend line happens to be the top of this parabolic move, and comparing with the previous parabolic moves, I expect a drop of about 55%. Targets of 6k (50%) and 5k (60%) are likely support areas here. Now what will happen in the future... nobody knows, but based on the parabolic curves I can see at least a bullish and a bearish scenario, assuming that we can't break the magenta trend line: BULLISH We drop about 55% from around the 11k level and stay above the green supporting trend line. This could set us up for another parabolic move, just like we got a big move F after E. This could take us to 250-500k bitcoin in a couple of years. BEARISH We drop about 55% from about the current 11k level and eventually drop below the green support line. I think it is then very likely we go to 1800-1300 levels and we'll have some more bear market for some years to come. If we happen to drop 85% from the current parabolic move (G) we end up at the 90-95% target for curve F (but that doesn't fit the idea).
BITSTAMP:BTCUSD
by sandervdberg
1
Will this key fractal play out and end the parabolic run for BTCI've tried to make this as visually comprehensible as possible by tracking each move, thus giving us a possibility of a third fractal playing out to end our parabolic run. As noted in the chart, we may not compete the entire fractal and end midway. Each fractal seems to exist within it's own channel before ascending out of it into a new one. That would make sense as a parabola. I've given two scenarios, one in blue (breaking into another channel) the other in magenta (staying in current channel). Also the 4 hr ichimoku cloud JUST flipped green giving us the go as we have established good support below us for several weeks now. Let's see how this plays out.
COINBASE:BTCUSDLong
by BTCilyKandinsky
4
UNREAL BITCOIN in EVEN MORE Crazy Bull Run Than 2017! Must SEE!The D4-Army Will Continue to grow - We will be bigger for every day like Bitcoin! We are so far 27,000 followers, and D4rkEnergY Loves All of You! Didnt I promise you, that this YEAR is OUR Year? Trust D4rkEnergY and he WILL Make You Money - He will Show you the Way. He will tell YOU what to do - He is YOUR Commander. He is THE unstoppable Force in the Universe, that makes EVEN SPACE it self expand. And also Accelerate. And STOP! Its time, to look at Bitcoin... Even Bigger Parapolic Move Than 2017 - Here is The Evidence 1. Price Volume Trend Convergence 2. Bullish Volume Record 3. Global Bullish Market Sentiment (has decreased after the Binance Bomb, but more people will probably leave alts and go into BTC, which makes BTC EVEN Stronger. 4. The Bullish Momenum (Greed) keep increasing ( MACD Histogram) 5. BTC-Dominance Movement is similar with what happened before the bull run in 2017 before the Binance News 6. Our Elliott Waves match extremely good with this scenario, COMBINED with... 6a ...what we can expect the whales wish happens, and also how they will be able to take advantage of the situation. 6b ...the Psychology of the Market Cycle, and how we can expect that people will behave. Just one example could be, that when we reach just above 10,000 USD Main Stream Media will pick up on the story, and this will engage new players to come into the market again, and then will all the dumb Money Buy the 5th Waves as ALWAYS and the Whales who have accumulated since 3kish USD will Sell! My Friends. My Army - Lets do this together. 2019 is our YEAR! We WILL Make a NEW ALL TIME HIGH, and D4rkEnergY Will Show You the WAY... D4 Knows Everything! PS. If You Are Part of the Biggest growing community on TradingView, the D4-Army Hit That Like Button, like a boss!
BITMEX:BTCUSD.PLong
by D4rkEnergY
4
Ethereum In Parabolic Bull Run - And something about adapting!D4rkEnergy - Better than Ever - is back, and he is happy to have his D4-Family with him on this JOURNEY! Did you see that Bitcoin call yesterday? This is going to be an amazing year for crypto!! D4 is so happy that you guys are with him, and nobody can stop the D4-Army! We are Untsoppable, and D4 will help YOU Make Money.. Just follow D4s advice.. Things Has Changed After The Binance Bomb Before I begin let me just say, and let me stress, that it is COMPLETELY OK to change your bias. Don't be that guy who ever says: But for 2 days ago you said.... Or: 1 year ago you said... If you want to become a good trader rule number is: **Never stick to a fixed narrative**. We obviously dont want to change all the time, and we dont want to change when we have made our analysis and made the trade (of course there are exceptions, but usually we will let the trade run out). Adapting is important So when you hear new traders keep saying that, just shake your head. We NEED to change our bias when times go and when we get more information. We need to adapt when we see changes. Remember: For every second, minute, hour or day there goes by THE MARKET gives us new information. So to tell me, that I shouldnt use that information in my trading is insanity. ETHEREUM IS STRONG - Parabolic Bull Run Ethereum here is showing a lot of strength. And let me just put it out there - right now it seems like, we already have begun our 5th wave. And that 5th wave can take us really high! Its not completely over, we still need to cross my red dotted line, but so far it looks like we had a 335 Flat Running ABC-structure. We will most likely see a small correction, and they we will go up! D4 Knows Everything! PS. Please give a LIKE if you are part of the D4-Army and D4 will help you here on TradingView to Make Money! This year is OUR year!
BITMEX:ETHUSD.P
by D4rkEnergY
42