BITCOIN: parabolic reversal to ATH in spring 2019?This one is really interesting. Not only did we cross again the 40 mark on the daily RSI (repeating wave pattern), but also we bounced off the 6k support line which not many people had expected. Market always finds a way around the opinions of the masses. This time I want to show you, how a parabolic reversal back to ATH could look like. Its matched with the news of Bakkt and some ETFs that will be approved or denied. A possible scenario is the alt reversal to previous median prices during september to november, then when Bakkt opens the door for many institutions as Starbucks and Microsoft for example (already signed a deal) I expect BTC to take the turn around and leaving alts behind for once again, like many times this year.
This is just some though play I had lately while observing other similar crashes of cryptomarkets. We have approx a 2x to 3x speed increase cause of more volume and media attention than any other market crash. This means, faster dumps.. but also faster recovery.
Let me know what you guys are thinking. Tomorrow is the first ETF decision.. (which is only a tracker ETF tho, nothing too important and should be approved in my opinion, cause there are many tracker products already in place).
For people who are not sure how to handle those difficult times, but are already in coins, why not tether up some % of your folio? Then either buy in again while its going up, or wait till bottom out and accumulate if you still believe in the project.
Cheers
Parabolic
End Of Industrial Revolution Parabolic AdvanceIt appears that the end of exponential growth the economy has enjoyed since at least the Industrial Revolution is due to end. Price target after breakdown is set at 70%, although the window to hit is so wide (~30 years) that it is unimportant other than to indicate that a major bear trend is on the horizon. Luckily, downward movement should not begin until 2019 at the earliest so there is time for further analysis. Will continue to update with any major changes / supporting (and dissenting) evidence
Possible predictions as milestones in the near futureFIRST OF ALL: LOOK AT THE NEXT SNAPSHOT, AS THE CHART CAME OUT UNPROPORTIONED AFTER PUBLISHING AND MY CROSSING POINTS ARE NOT CORRECT BECAUSE OF THAT
(OR, YOU CAN STRETCH THE CHART JUST A LITTLE BIT BY SLIDING THE MOUSE UPWARDS ON THE PRICE AXIS ON THE RIGHT...UNTIL THE CROSSING POINTS ARE IN THE MIDDLE OF THE YELLOW CIRCLES... DON'T TOUCH THE TIME AXIS AND DON'T ZOOM, JUST LOOK AT IT !)
BECAUSE OTHERWISE THE PARABOLES WILL NOT LINE UP WITH THE POSITIONS I INTENDED.
It might look or sound weird or supersticious and it looks like an astrological chart, but anyways...
This time I used 5 different parabolas and drew, repositioned them over and over, and after an hour or 2...
AFTER.. with no intention initially, I looked at patterns and detected by accident the remarkable crossings of the parabolas.
I tried to find a pattern which could predict the near future. Of-course it is only with the history available, so don't take it too seriously (otherwise we could all predict the future)
Though I found 3 remarkable crossing points. It are no moving or exponential moving averages, but just parabolic movements which connect multiple points and create some kind of pattern.
It is the weekly chart, so the dates I will be mentioning are not exact, so could be about 3-4 days max. off-set. ( I didn't look up the exact date)
All gathered data is after the all time high.
At Jan 1, there is a lower high, and right after the market turns bearish; this is the exact crossing point of 2 parabolas
At Febr 5, there is a lower low, and right after the market turns bullish; this is the exact crossing point of 2 parabolas
At May 21... there is nothing :-) the only thing I can find that it was the exact same price as now... and this should be a support level ! maybe this should have been something more... who knows
At June 18, we had the LOWEST LOW ! and after the market turns bullish again !!
NOW... what you're all waiting for if ... you have some room left in your head for some potential 'hocus pocus' ... what will the future bring?
AUG 27 : CROSSING POINT OF 2 PARABOLAS (this is also the crossing point of 2 major trendlines (ascending and descending) which I drew somewhere in previous chart
SEPT 17 : CROSSING POINT OF 3 PARABOLAS ! this could be reversal point?
OCT 1: CROSSING POINT OF 3 PARABOLAS !
I have no idea what will happen then...
One more thing... what is remarkable that I don't have any crossing point between June 18 and now... maybe we're still in a bear market, but it looks kinda strange as aug 27 is the next crossing point and at the same time a crossing of 2 major trendlines at the level of 7800 usd !
I have a feeling we will get to that level again in the next couple of weeks...
But... we never know of-course... to me a drop under the 6800 usd level, is passed the 61.8 % retrace and looks kinda bearish to me... but.. there must be an upside at some time and we should break above the large falling wedge one time.
cya
AMZN story is that there Long term Debt to equity 141% The best part of the AMZN story is that there Long term Debt to equity 141% wow that's higher then, GooG, FB, Etc.
They keep having to spend more money into Debt to keep this going.
I love how they hide there numbers in there quarterly reports and you can only find this information on there annual reports. Under Long term Leases
Target 800 minimum
Trading Strategy for Parabolic Markets [Part 2]In Part 1 I outlined an approach that I have been working on that's aimed towards trading parabolic markets. Now we look at some trades!
Amazon
Daily
Notes: Hyperwave Phase 4 if it supports throwback to prior ATH’ | 10 MA > 50 MA > 200 MA | Daily ADX recently crossed 25 | Weekly ADX = 37 and is currently crossing +DI | Daily RSI = 61.46 & Weekly RSI = 74.78 | Cluster of support at $1,720 from: prior horizontal resistance, 50 day MA, phase 4 hyperwave, the weekly and daily TDST levels, weekly Tenkan-Sen and the daily Ichimoku Cloud.
Q-2 Earnings Report: Expected earnings per share: $2.49 vs $5.07 actual earnings per share for a +103% surprise.
Time Analysis: Horizontal meets trend on 8/6/18
Possible Entries: Blind order at $1,720 | Buying consolidation at horizontal + trend + 50 MA + cloud support | Waiting for green 2 to trade above green 1 on the daily
Microsoft
Weekly
Notes: If it supports throwback to prior ATH’ then phase 3 is confirmed | 10 MA > 50 MA > 200 MA | ADX > 25 | Weekly RSI = 71.14 | Daily RSI = 59 | Cluster of support at $102 from: prior horizontal resistance, 50 day MA, phase 4 hyperwave, daily and weekly TDST levels, weekly Tenkan-Sen and the daily Ichimoku Cloud.
Q-2 Earnings Report: Expected earnings per share: $1.07 vs $1.13 actual for a +5.61% surprise.
Time Analysis: Trend meets horizontal support on 8/10
Possible Entries: Blind order at $103 | Buying consolidation at horizontal + trend + 50 MA + cloud support | Waiting for green 2 to trade above green 1 on the daily.
Risk: 5.31%
Potential Return: +92.5%
Risk:Reward = 18.5:1
Alphabet
Notes: Tyler Jenks said that he is waiting for new ATH, throwback and new ATH to confirm phase 4 of the hyperwave (pink dotted) | 10 MA > 50 MA > 200 MA | Support cluster at $1,196 from: prior horizontal resistance, phase 4 of the hyperwave, daily and weekly TDST level, weekly Tenkan-Sen & Kijun-Sen and daily cloud.
Q-2 Earnings Report: Expected earnings per share: $9.45 vs $11.75 actual earnings per share for a +24.34% surprise. Better than expected earnings despite $5B fine. $32.66B in Q-2 revenue vs $26.01B during Q-2 of 2017. Expected: $6.7B income on $25.6B in revenue. $8.27B in revenue and $4.54 earnings per share.
Time Analysis: Horizontal support meets hyperwave on 9/17 | Green 3 > Green 2 on the weekly indicates 6 weeks left to the upside.
Possible Entries: Blind order at $1,198. Buy consolidation with reversal candles at support cluster. Wait for green 2 to trade above a green 1 on the daily.
Risk: 10.5%
Potential for return: +92.5%
Risk:Reward = 8.8:1
The Boeing Company
Notes: Hyperwave phase 4 | 10 MA > 50 MA > 200 MA | ADX < 20 while price consolidates inside triangle | Currently getting support from daily cloud and 50 day MA | Weekly RSI = 64 | Daily RSI = 55.61
Q-2 Earnings Call: Expected earnings per share: $3.45 vs $3.33 actual earnings per share for a -3.48% surprise. $4.7B of operating cash and repurchased $3.0B of Boeing stock. Paid $1B in dividends, reflecting a 20% increase from last year. Q-2 Revenue = $24.3B with a higher volume of commercial deliveries and a favorable mix of services and defense contracts.
Time Analysis: Triangle will be 66% completed on 10/30 and that is the most likely time for a breakout to occur.
Possible Entries: Breakout of $380 that is supported by volume | Throwback to $380 on decreasing volume | Green 2 > Green 1 after breaking out from $380
Risk: 9.16%
Potential Reward: If triangle is a bull flag and 9/5/16 to 2/12/18 is the pole then the target = $617 or +64.53%
Risk:reward = 9.16%:64.53%
Saved the best for last and ran out of room. Will have to make this a three part post.
Trading Strategy for Parabolic Markets [Part 1]I recently watched this podcast with Tone Vays. Tyler Jenks was the guest and he started out by saying:
"This is the greatest opportunity I have seen in financial markets."
It just so happens that I have been studying parabolic theory as it relates to hyperwaves. I am using that information to develop a trading strategy that is aimed towards capitalizing on parabolic moves. I will be using Tyler Jenks' hyperwave and consensio theories, Welles Wilder’s RSI, ADX and Parabolic SAR indicators, as well as Parabolic theory from Spyfrat’s Call. The TD' Sequential and Ichimoku Clouds will also be used to a much smaller degree. Below I have outlined the indicators/theories that are being used, my approach to entries, four options for a trailing stop loss in a parabolic market and a rudimentary price target calculation.
If you are not interested in the minutia of my approach then feel free to skip straight to part 2 where positions will be outline. I have identified 5 stocks that are currently in a parabolic state and one that is primed to start one. Entries, stop losses and risk:reward calculations are provided for each. Three strategies for implementing trailing stop losses have also been included.
Consensio
Used to identify bull and bear markets. If price is above the MA’s and the shorter term MA’s are all above the longer term MA’s then it is a bull market. If the price is below the MA’s and the shorter term MA’s are below the longer term then we are in a bear market.
Hyperwave
Parabolic Burst Continuation
30-prd RSI is used rather than the more commonly used 14-prd RSI
If 30-prd RSI reaches 70 level, stock is in parabolic status
The best setup is when both Weekly RSI and Daily RSI reach 70 with the weekly RSI > Daily.
If both weekly and daily RSI are in parabolicy state but the daily RSI overtakes the weekly RSI the asset is said to be in a ‘Parabolic High Risk’ (PSR') state. Indicates that asset is at a high risk of a major correction (paraburst)
If both weekly and daily RSI > 80 (regardless if w > d), the asset is said to be in ‘Extreme Parabolic High Risk’ (ePHR) state.
Source
ADX and DI
ADX measures the strength of the trend. If < 20 then no trend exists. If > 25 then strength of trend is building. Horizontal lines can be drawn on the ADX to indicate when the move is becoming exhausted.
Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), together these measure trend direction. If +DI > -DI then trend is bullish. If +DI < -DI then trend is bearish. Crossover in the -DI and +DI can indicate a change in the market trend.
Entries
I will always line out a minimum of three entries. That is because I believe in entering into positions in thirds or fourths, only adding when the price moves in my favor. This allows me to minimize risk and emotional decision making.
Trailing Stop Losses
Bill Williams Fractals - Set slightly under most recent down fractal (if long).
Parabolic SAR - Set slightly under most recent weekly SAR' or slightly under the previous 2 daily SARs.
ADX - If > 50 on weekly and/or > 60 on daily
RSI - If weekly and daily are > 80
Price Targets
This is still a work in progress. I have noticed that each phase tends to go +90% - +95% from prior phases high. That can be used to give us a rough idea in order to calculate the risk:reward, however there is a lot more backtesting that still needs to be done. If you have significant data about the % ROI' each phase will return on average then I would be very interested in collaborating!
Now that you understand the approach be sure to check out part 2 where 5 possible possible positions are outline
S&P 500 on the next leg of it's parabolic movePrevious analysis /position: Made a post with a long entry on July 13th. I did not like the bearish doji (daily) from yesterday that came right after we broke resistance and had bullish price fill on the TD'. Very happy to see current bullish marubozu with another green 2 above a green 1. Long from $2,808.35.
Patterns: Going parabolic. Approaching all time high reminds me of the infamous double top on 2008.
Horizontal support and resistance: S: $2,816 R: $2,850
9 & 21 EMA’s (calculate % difference): 9: +0.45% 21: +0.67% | Bullish cross
50 & 200 MA’s: 50: +1.10% 200: +2.59%
FIB’s: 1 = $2,873
Candlestick analysis: Bullish marubozu (daily, weekly, monthly)
Ichimoku Cloud: Fully bullish (daily, weekly and monthly)
TD’ Sequential: Green 2 above a green 1 (monthly) | Green 3 above a green 2 (weekly) | Green 3 above a green 2 (daily)
Visible Range: Last significant volume profile was $2,830
Bollinger Bands: At top of daily band. At top of weekly band (this is when it has made it strongest moves over the past year).
Trendline: Parabolic line starting in July 2010. Bottom of May 2nd to bottom of June 28th could be the next wave.
Daily Trend: bullish af’
Fractals: Broke up: $2,815 Top: $2,878 Down: $2,787
On Balance Volume: Weekly shows a small bear div'. Monthly has a bull div' with volume at a new all time high
Chaikin Money Flow: Bear div' on monthly. Weekly and daily look healthy.
Conclusion: Very confident that we are in for new all time highs. TD’ Sequential shows this run has plenty of room to go and the volume profile shows very little built up resistance. Buying right now doesn’t feel like the best entry to me but it could be justified with the TD’ Sequential. A pullback to $2,820 feels likely at some point and setting an order there would make me feel more comfortable. As it stands I am fully positioned and don’t plan on taking profits until a 9 on the TD’ sell setup.
BTC PARABOLIC SAR Started EARLIER THIS YEAR. PARABOLIC SAR and the EXPONENTIAL Growth CURVE of DISRUPTIVE INNOVATION.
LAST YEAR: The first dot underneath indicating the parabolic start of the BULL RUN appeared on July 31st 2017.
That was the first mass bear massacre.
THIS YEAR: The first dot underneath indicating the parabolic start of the BULL RUN appeared on July 16th 2018. Earlier.
Much earlier. The bull run has begun.
This will be the second mass bear massacre.
I am new to TA. I am studying to become a full stack web developer and majored for a time in information technology.
I have studied disruptive innovation extensively.
The growth rate of Disruptive Innovation takes on a parabolic or exponential growth curve.
The growth rate of information technology also takes on a parabolic or exponential growth curve.
This has been documented since Clayton M. Christensen first began researching his theory on disruptive innovation. He is a Harvard Business Professor and world renowned for this theory. Here is a link to an article for further reading: hbr.org
Bitcoin is not only a disruptive technology.
Bitcoin is a disruptive information technology.
The parabolic growth curve, that Bitcoin, will then take, is unlike anything that anyone can conceive of.
My theory of this growth also stems from Ray Kurzweil's theory on the technological singularity where once more, the study of exponential growth rates of disruptive information technologies is plotted throughout history and analyzed.
More reading on this theory on this here: bigthink.com
Conclusion:
I believe the graph I have plotted is indicative of the path bitcoin will take in the coming months.
Best,
MFINITI
DIGITAL ALPHA BTC - HODL TIL $53,000!This is the type of analysis I enjoy more than runny eggs on a jellied biscuit - while on vacation. that is some serious enjoyment.
The past week was spent scouring through various stock charts, ETFs, benchmarks, and more. It was not until I stumbled into commodities did I start to see the type of pattern I was on the hunt for. Gold rung the bell harder than any other chart. In fact, there is no better comparison better for BTC than GOLD.
Gold is mined and the more you mine it, the more it costs to get the next unit of gold (diminishing rate of return). Same with BTC. Gold backed/was the peg to our monetary system. BTC is the pegged currency to our decentralized economy system. Gold and BTC have limited quantities (unless you have the philosopher's stone!)...and MOST importantly we denote them both with the color yellow. This list can go on for a while, so I'll end the boredom since we are all here for chart analysis, not philosophical talk.
(Random thought: Is Satoshi's middle name THOTH?)
Above is the GOLD chart with the most history, starting in 1975. Around 1980 Gold went on a run similar to Bitcoin's run in 2017. The retracement and the accumulation phase show similar patterns as well. So I kept digging. Gold took off after ETFs began. There was some insider buying before this took place. The run was in full effect and did not stop until August 2011 at $1800. Wow. Gold's previous high was $700. Keep in mind the ability to buy Gold was limited before ETFs were available (note this is a futures chart and it took 3 years before Gold boomed). So new buyers ARE necessary to take Bitcoin higher.
So the ETF is what we need to get to $50k Using fib levels from Gold's highest close to its lowest close (after the all time high) and using the 3.618 level, we hit $1800. Using this same methodology for BTC, we arrive at $53k. Also, there is rumor of an ETF coming in September 2018. This timeline matches up with the timing of when Gold's ETF happened, relative to its chart pattern.
Now for some second level..
2008 the financial crisis hit, stocks took a smashing, Gold stayed strong. In fact, after a quick correction Gold went parabolic to $1800. The reason I bring this up is the Dow Jones appears to be at a point where a markdown is on the horizon. We hit the ATH (26600) and now seem to be bouncing lower and lower with support at 23500 (higher volume happens during selloffs - bearish sign). If the Dow breaks 23500 you can expect a major correction. I'm not saying economic collapse or any of that, just a healthy correction. The fact that salaries are stagnant while the price of goods are rising alludes to this. Not to mention the savings rate is equal to interest rate..another harbinger..and some policies relating to US trade..one small bit of bearish news near the 23500 mark will take the price south quick. I bring this up because Bitcoin might be the gold during this period. Folks have been yearning for a new financial system ever since 2008. Fiat is backed by nothing, debt is rising to unfathomable levels, and accountability seems to be out the window. Bitcoin brings with it the potential to improve this situation and if we see Bitcoin (with an ETF) hold strong during a financial correction, fasten your seatbelts, we will be going parabolic.
Keep in mind I tried to match up the peaks and valleys with gold. I had another alternative where the ETF might occur Q2 in 2019 and $50k just before 2020. I'll post a photo of that below just for your viewing pleasure..Mmmm biscuits
Have a great day everyone. I will be updating this graph as time progresses during this accumulation period. My main focus will be bitcoin blockchain data. More specifically, volume of BTC moving across the blockchain. When insider buying occurs we will witness this on the blockchain, not the exchange. Seeing an uptick here will mean news of an ETF approval might be coming.
DA BULL
NFLX [Long-term analysis]It seems NFLX has gone parabolic over these past few months and it's obvious that it should pull-back as it is overvalued. The reason it has gone so high is because it is in an Ending Diagonal within a Ending Diagonal, to make it even more confusing the bigger one is a variant of the Ending Diagonal called a "throw-over", they tend to trap bulls because they think a new resistance turned support has been made as it breaches the upper boundary of the Ending Diagonal line; only to "throw itself over" the upper boundary line shortly after. The rise can be comparable to Bitcoin's rise in 2017 and that is because Bitcoin was also in an Ending Diagonal; I have copied a fractal of the Bitcoin 2017/2018 crash which happened shortly after the upper boundary was breached so you may compare it to NFLX's current price action. Keep in mind Ending Diagonals have a very volatile and vicious nature, which tends to whipsaw many traders out of their positions as it bounces through the boundaries; it being close to the apex (converging boundary lines) we should see our throw-over happen fairly soon. According to Elliot Wave theory we should have a wave 2 retracement of our whole 5 wave impulse/motive wave, the fibonacci ratios have been plotted - 61.8% is typical for a wave 2 but wave 2 can also retrace up to 100%; no more than that.
Year of the Bear -> Ice Age -> Moon ? (Long term)Blow off top in 2017, need to have capitulation yet and have even hodlers doubt themselves feel long, intense pain and want to die, then "slowly" (relatively) build back up to just go parabolic again to 100,000+. Upon reaching 20,000 again I wouldn't doubt a sell off to 15,000 but then shoot to the moon, maybe 500,000, then crash to 50,000, rinse and repeat.
MA: Double ABCD completionBack in April I was talking about using the elevated volatility to buy some cheap July put spreads on MA with the recognition that we might be early to game. Well...there appears to be a double ABCD completion in progress and I am keeping my fingers & toes crossed. Just a reminder, not only is this an expensive stock, it is a parabolic price action. Hope springs eternal!
The Biggest Pattern We're Following with BTCAs you can see on the chart, this might be an obviously huge pattern we're following on the weekly candles. If we are following this pattern, currently we are in the beginning of the number 3 cycle on the chart. We haven't had the 2nd and 3rd cycles after the big parabolic rise to get into the huge crash in 2014 again yet, assuming we're following this pattern.
To make things clear:
1-We've first started with a parabolic move until the 4 months of crash in 2013.
2-Although, the crash ended and it took about 4 months again to reach the previous all time high in 2013.
3-Another little(!) parabolic leg upwards forming a new ATH at the end of 2013.
4-We've been into a bigger correction which started a new parabolic cycle until the all time high of 20k in 2017 and then been into a correction going on for 4 months, from which we've broken out recently.
5(soon)- The crash has ended and it will take about 4 months from last month-until August- to reach our previous all time high in 2017
6(soon)-Followed by another little(!) parabolic leg upwards forming a new all time high at about 100k$~ (Probably September to December)
and finally; 7- After we reach 100k, we might have an uber crash until 12k which will take years to form.