Hi All,
**** This is a continuation of the previous post > LINK-BTC-Y20-P3-E3-TA-on-the-Macro-structure, link below ****
As I am still a junior in this field, I have however learnt something new this week and today to confirm something that just dawned on me, the Parabolic curve pattern.
FYI. I was trying to work out when to sell. Help me if you can?
I don't know much about it besides what I have seen recently on google to know this is it and that it is likely to have 4 base levels.
The issue I have is working out the target.
Some time back (post below) I got the Editor's Picks of the week (and will feature on the page tradingview.com/ideas/editors-picks/). 1st time.
What I didn't know was actually doing a good job at getting the target right (I think, maybe more).
If I had know about this pattern I would have traded it much more successful.
I'm sharing this for others to benefit and to share the thrill of getting things right.
Now if any of you know where I can find out more details about this topic, I would much appreciate it.
For now, I saw a video that stated that the selling point is equal to the Base of (3) x 2.16
If this is correct, then we have 2.16 x 0.00016004 = 0.00034568
and that the Base of (3) x 0.79 with give the base of (4) = 0.0002865
Cheers,
S.Sari
PREVIOUS POST that came to work out OK.
**** This is a continuation of the previous post > LINK-BTC-Y20-P3-E3-TA-on-the-Macro-structure, link below ****
As I am still a junior in this field, I have however learnt something new this week and today to confirm something that just dawned on me, the Parabolic curve pattern.
FYI. I was trying to work out when to sell. Help me if you can?
I don't know much about it besides what I have seen recently on google to know this is it and that it is likely to have 4 base levels.
The issue I have is working out the target.
Some time back (post below) I got the Editor's Picks of the week (and will feature on the page tradingview.com/ideas/editors-picks/). 1st time.
What I didn't know was actually doing a good job at getting the target right (I think, maybe more).
If I had know about this pattern I would have traded it much more successful.
I'm sharing this for others to benefit and to share the thrill of getting things right.
Now if any of you know where I can find out more details about this topic, I would much appreciate it.
For now, I saw a video that stated that the selling point is equal to the Base of (3) x 2.16
If this is correct, then we have 2.16 x 0.00016004 = 0.00034568
and that the Base of (3) x 0.79 with give the base of (4) = 0.0002865
Cheers,
S.Sari
PREVIOUS POST that came to work out OK.
Note
Recently I noticed this as well.Note
Based on some method I picked up. Here is my guess to the target levels as its a parabolic curve and hence over extension is expected.Note
Looking at SOLBTC...very similarNote
Note
this is as perfect as I can make this chartNote
I have updated this chart to know how parabolic curves behave. To be studied later.s3.tradingview.com/snapshots/c/C78soNCu.png
s3.tradingview.com/snapshots/l/LMwTUhpC.png
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.