Parabolicmove
UMA/USD: NO Whammy NO Whammy! STOP! CASH? Pls?!What's Up my Financial Amigo's & Amigas:
Keeping it simple since I've had too much scotch at this point:
Shown here is a basic(ish) 3 Base Step Parabolic Curve Structure (or seemingly so despite a less than perfect step structure IMO - such may likely be worsened from the aforementioned scotch), Regardless: wherein, X mark'ith that M'Fing spot on that M'Fing plane, located just prior to largest leg up (thus far - Step 3).
Also, not TA per se...but my gut got a tingle this afternoon when I was walking my dog, so I bought some. Sometimes a gut is much more reliable than TA...and sometime you also lose money way faster lol. Gamble was and is easier said and done during bull markets I know, but the trend is ur friend, don't hate the playa, hate the game, yadi-yadi-yadi, where is my boat, etc.,
Also and essentially: I just think its time for UMA to move another leg up, or if not still, very close. It could also and very well go higher, but IDK, this is my first bull run so I am still unsure of how large gains can be----and honestly I am still burned a bit with have scars on my scars from last bear market...So 293% Profit will have to do...for now. Come get some!
If so... or even close to that, well honestly, I am gonna be the one who becomes parabolic if u know what I mean...get it...lol sorry but that joke was simply "too hard" to resist. ;)
Either way I'll prob sell sooner that my projection in order to pt those funds into another opportunity (since I am not a whale and still have bills to pay you arrogant trust fund babies in the chat room) JK, It's okay, I am jealous of that sort of financial freedom, but all good things come to those who wait right?!!? *** cough cough OXT cough cough ***
NOT financial advice. GL trading ladies and gents/people, etc.
Bitcoin is Tracking this Parabolic Bar PatternBitcoin has been following a parabolic trajectory similar to the trajectory from November/December 2017. A bar pattern is displayed which was taken up to the 2017 peak around $19400 USD. This is shown on a linear scale. I've been tracking this bar pattern since early February and it has been following pretty accurately. Take this with a grain of salt as it is just a fun indicator but should only be used as an idea with your own technical analysis. If this plays out, I think this would just be a local top and not the market cycle top. I believe there will be a global blow off top at the end of the year, or some time next year.
Matic Right now...WoWNot to discourage anyone from "pumping my bags" as they say, but seems like a serious correction is due. I am not selling as my cost basis is at the bottom of the chart 0.005-0.01-approx. Might add some on 20-30% dump from here. Comfortably hodling and will probably stake in the next few days. That is a hell of a parabola.
TSLA Bubble is close to bursting!Almost at the end of a large 5th Elliot Wave, will need to pull back hard to make Tesla healthy. This could be triggered by earnings tomorrow or soon after (It may approach 1000) Tesla is losing market share in Europe at a face pace to VW. Extremely overvalued at the moment due to people using it as an asset like BTC.
Target 1 Short - 364
Target 2 Short - 219
$780 TESLA!!!A PARABOLIC MOVE CONSISTS OF 4 BASES.
Refer to the link attach here: pixiutrades.files.wordpress.com
From the chart above we can clearly see all 4 bases and we are likely in the fourth base now that could probably send us to $780 to $800 range in days or weeks ahead.
But becareful, usually after base 4 is done, a massive pullback will likely happen. In this case, it could send Tesla back to base 3 at around $465!
Wish you all good luck! God bless! Remember to follow me for more updates ahead!
Merry Christmas everyone!
PARABOLIC BITCOIN MOVEMENT! 30K NEXT???A PARABOLIC MOVE CONSISTS OF 4 BASES.
Refer to the link attach here: pixiutrades.files.wordpress.com
From the chart above we can clearly see all 4 bases and we are likely in the fourth base now that could probably send us to $28,000 to $30,000 range in days ahead.
But be careful, usually after base 4 is done, a massive pullback will likely happen. In this case, it could send Bitcoin back to base 3 at around $20,000!
Wish you all good luck! God bless! Remember to follow me for more updates ahead!
Merry Christmas everyone!
Make Indicators Profitable AgainIf you have been in the market for some time, then you have probably tried a few different indicators. Some may have worked well, others not so much. However, just because the indicator's default version didn't work, that doesn't mean it doesn't have potential!
Parabolic SAR Default
We have tested the Parabolic SAR with its default settings, on ETH/USDT 4h chart, on Kucoin. Each trade was taken with 100% of the available equity, and resulted in a total profit of -89%. This means that you would have decimated your account if you had used the default Parabolic SAR. The default Parabolic SAR values on Tradingview are: "Start" 0.02, "Increment" 0.02 and "Maximum" 0.2.
Modified Parabolic SAR
By modifying the "Increment" and "Maximum" values to 0.002, you will create a version that has a total profit of 492%! This version even works on shorts. There are even more profitable versions of the Parabolic SAR strategies which you can use. We have just tested a few different values, but more extensive testing would almost certainly bring better results.
Although you can use this indicator for your entries and exits, it is better to use it as a filter. This version is a lot slower than the default one, and as such, it only catches the big trends. As mentioned earlier, it also works on shorts; therefore, it can identify bear markets accurately. Therefore, you can use this version as a filter to find the long-term trend, and then use another indicator that signals more often, such as the MACD, to find the appropriate entries and exits.
Riot to $9.75RIOT usually follows BTC. BTC is looking to hit 20k so Riot should start to push over $6.15 we go to $7.15. Over $7.15 we go to $8.70 before going to $9.75 over $9.75, i'll be looking to take RIOT up to the gap at $16.61, FOMO is kicking up on riot. As long as price stays above $5.86 then I am bullish.
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.
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.
ChainLinkThese are my areas of interest with Chainlink.
Bias:
Long term - Bullish
Short term - Bearish
This Crypto has been moving in a parabolic form, so I can only assume that there's a correction in the horizon for this asset. This particular crypto has caught my attention due to it's beautiful moves but what goes up must come down. I'll patiently wait for the drop, and if there isn't one then I'll wait for a B.A.R for certain levels I'll be watching.
We shall see..