Parabola
3 Touches and your done #BITCOIN is on Parabola watch.#Crypto creates many parabolic moves
as they are reflexive assets fuelled by Fear and Greed.
I am currently on alert that we may have a parabolic rise on our hands.
And we could #BTC double to reach very close to that $100K level
BEFORE summertime.
Our #Alts could go beserk
but we must have some sort of selling plan in place.
You need to come up with your own plan!
Follow the yellow brick road; a guide to inflation based on SPXThis chart shows 1) a potentially opposing perspective to the linked Dow Jones great depression 2.0 idea and 2) that whilst inflation took a lifetime to cause -90% damage for the boomers it now takes only about a generation for the zoomers to suffer the same damage a century later
LINKBTC - close to the bottomLINKBTC is near the tip of a falling wedge which have a bullish bias and it's very close to the daily 200 SMA.
We can see bullish divergence on almost all timeframes and the 23500 - 25000 range is a zone of major support.
The parabola for LINK/BTC is still intact and it's very close to it.
This all points to a reversal in the near future and looks like a great zone to accumulate for long-term positions.
Let me know what you think and best of luck with your trades!
Bitcoin (BTC) In The Trough Zone Can we Hold $40,000?We've been through this rodeo with Bitcoin many times. On a downtrend for the past 2 months and a nice 42% dump from new all time highs set November 11th. Oversold on the daily timeframes on the Stochastic RSI, RSI, and MACD showing signs of confluence. We could bet getting close to bottom soon and another parabola on Bitcoin has formed. We're still in a downtrend though and need to hold above $40,000. If we can't hold $40,000 then $37,000 is next the next destination.
Plotting the Future for the Altcoin MarketA continuation pattern of parabolas can be drawn
Leading to continual diminishing volatility
The first run was obvious the most bullish
The second (current) parabola will soon collapse into the next one, which I believe will reach an angle of 17° at peak
This is different to my other altcoin market analyses, it does seem more logical than the other, more bullish perspectives I have been throwing out..
For example below
The Bear-inatorThe Bear-inator or Bear market curve is a new theory i've been building upon while waiting for BTC to moon ! The general basis of this curve is the identification of similarities in each bull run and the potential indication that it points too .
I spent a while educating myself on the previous runs and noticed big wicked gaps creating a gapped like approach to each run. I had also noticed that most runs ended with a retest of resistance before plummeting to a low. I now identified similarities between runs however i had no way of linking these two ideas until ...
I discovered that pulling a curve from the 'pre-run gap' gave an indication to the current conditions to the market while also giving an indication as to where the marjor resistance may lie in the future. While this theory is yet to be tested in the future , it has been backtested on all previous runs ( par the black swan event ) and the same gap like features gives similar results.
Now while this is a good indicator in hindsight , we have started to follow the same pattern of gapping and ive noticed a few more similarities between this run and a previous run ! The 2018 run and the 2017 run both start with a wider distance from the curve and both result in a parabolic like leg. This gives me hope to a very bullish future while also potentially highlighting areas to watch for the future .
I will continue to monitor this idea and update it monthly while i continue to expand my knowledge - Oliver :D
Bitcoin parabolic curve formationI am watching for something like this in next 4 months. I think now we are at stage 1 and we will consolidate a little bit here before next move to the upside. Probably this stage 1 bottom could be around $43k in my opinion and next move could be around end of september or begining of octomber.
Ethereum bearish parabolic curveLong term I am bullish on crypto but it looks like we have a bearish parabola. From here I think that we have two options. We will either dump more until we find support. I think one of the first spots is the long term trend line which is around $1800. But if we break out of this parabola, parabolas usually retrace 50% or even up to 78%. So the fib levels are the targets. From there we would probably consolidate until we decide which direction we would want to move.
Bitcoin! But it’s different this time! (Really?)“To the moon!” shouts abound and hopeful rebound charts are everywhere. And as with all previous Bitcoin corrections, optimistic flames attempt to ignore the encroaching waters of reality.
Reality: Major corrections happen. Always have, always will.
Reality: Long-duration TAs trump short-duration TAs ... and the chart above is the longest Bitcoin Technical Analysis possible.
The are many versions of this 12-year logarithmic chart in the forums and I’ve always wondered: Are they formed from generic curves made to fit the Bitcoin's price action — or are they formed from mathematically-precise parabolas?
So, I decided to make my own chart. And since the vertex of a parabola is it’s most sensitive point, I spent a day researching the dates and prices of Bitcoin’s first transactions.
In the above chart, all 12 years of Bitcoin’s price history is captured between two parabolas. The horizontal axis of the outer/upper parabola is Bitcoin’s first published price: Y=0.000764. (Note: Some articles show the price as $0.00764. This is a typo. The correct price is $0.000764.)
The fact that one can find two parabolas that so nicely contain the highs and lows of *any* organic and seemingly chaotic process is rather remarkable. This is especially true of Bitcoin’s price history given its propensity to extreme price swings. And the chart confirms, I believe, that April 14th’s $64854 price was in fact an ATH and that Bitcoin's price will fall until it hits the bottom parabola — just as it has after all previous ATHs.
I’m sorry to be the bearer (no pun intended) of bad news, but one can drown in water -- especially if you don’t know it’s encroaching.
Unanswered question: Every previous ATH was a sharp-peaked mountaintop. This April’s ATH was a slow, 4-month-long curve. In fact, it formed a near perfect parabola. (See my May 16 post about this: )
Question is: Why? Why is the shape of this ATH different from all previous ones — and is this significant?
Comments are welcome.
Bullbearish
(I'm a Bull, but Bear happens.)
PS: Most BTC historic data records the daily closing price - not the day’s high or low. Or it is based on one particular exchange’s price. Such make studies like this one more approximate than desired.
PPS: I previously posted my belief that BTC will not fall below $30,000. I no longer believe this.
The Anatomy of a Parabolic TrendIn this educational idea I will explain the characteristics of a Curved Parabolic Trend using the chart of BNB:USDT (Binance Coin: US Dollar Token).
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What is a parabolic curve in a uptrend?
The parabolic curve chart pattern is one of the strongest uptrend patterns a financial asset can have. This type of pattern moves upwards at the fastest and furthest rate of any chart pattern. Each retracement or consolidation is quickly bought up by eager investors as more and more money flows into the market due to excitement.
The parabolic curve is named after the parabola, because the ascending curving trend line used to identify the potential support area looks like a parabola:
en.wikipedia.org
In a Bullish Market Parabolic Trends can often form the smaller timeframe trends making up larger timeframe swings. This pattern creates short term price range bases which are Reaccumulation Phases as described below. These accumulation ranges can form multiple times as it the price keeps going higher.
The price action pattern that creates the parabolic curve looks like a staircase. This pattern can last for weeks or months. The maximum point of financial risk comes in at the end of the formation after the final movement is negated and the price fails to hold the obvious Curved Structure. This usually ends in a price plunge that falls even faster than the price rose initially.
These patterns generally occur on financial assets that are market leaders or up and coming and emerging technologies or products in its sector. One important thing to note when identifying a Parabolic Trend is that the price may go much further then people anticipate leading to sellers rebuying their asset they sold initially due to "FOMO" Fear Of Missing Out, leading to the price to "Stair Step" higher and higher as more and more sellers are squeezed out of the Market, until eventually they regain control and the trend is lost.
The key in trading a parabolic trend is to treat it like a investment, identifying the trend and buying early, capturing as much of the move to the upside as possible until the trend is finally over.
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If you found the idea insightful you can show you support by liking & commenting, Thank you!
See idea linked below: "Market Cycles & Phases" to understand the topic of trend further.
AAVE BTC LONG position unless we break this current low Hello!
Above I have mapped out some targets based on multiple fib extension/retracements, previous trends, Gann fans and support/resistance lines. Everyone approaches charts differently, this is a rough estimation based on facts I gathered from the trend thus far on a technical basis.
I believe AAVE BTC will be in high demand, therefore it will be completing a small parabola here. AAVE is fundamentally strong. Always watch BTC incase of a sudden crash, as this could greatly affect this token⏫⏬🆗.
🛑🛑🛑🛑This is not financial advice🛑🛑🛑🛑
Always have a stop loss✋🛑💲
Thank you so much..
Any thoughts 💡, questions ❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments greatly appreciated!
Jazerbay 🤍
NEO/USDT might be forming a giant parabola ⏫Hello traders, was just checking out charts of NEO and noticed it looks like it could be forming a handle to a cup on the daily chart. After the handle is formed we would be looking for a giant up ⏫ to form a huge parabola. Very exciting😅😄, I guess we will see!! Let me know what you think in the comments.
Trade at your own risk
~Jazerbay 💕
XLM Next Moves?I have been shouting from the street corners "Doom, Dooom, Doooooom" for the past 2 weeks, and some, or many of you are probably thinking "Well if you scream correction everyday, eventually you're going to be correct." The issue is that I have been correct about corrections occurring, but woefully incorrect as to their actual targets. It took several days, and actually a couple weeks to see that .32 is only now coming into proximity, and that the weeks before were normal, consistent bounces that are expected from a Peak.
Dumping to .315 and then rocketing to .47 in a matter of days is expected. Retracing to .38, bouncing to .43 and trading sideways are all normal. The amount of time was unexpected, but the actual behavior, especially if converted to percentages is very expected. My problem, I recognize now of course, is that i expected things to happen at an accelerated rate because that has been the practice for the past few spikes in price. However, what wasn't anticipated was BTC's continuous rise, and subsequent bounce to slightly higher ATH. Now that BTC is firmly in it's channel it makes more sense that XLM would behave the way it has. That being said, BTC and XLM have been trading sideways, and with BTC failing to hit the top of the channel this last time, indicates a retracement to some degree, or at the very least a retest of the diagonal bottom of the channel. That potential is the move we have been waiting for with XLM, and we can reasonably expect the journey to .32 has officially begun.
There are more reasons for this. We just hit .438, then .425 and are retracing as we speak following the larger downward triangle trend. That trend has not broken in the past month, and will continue to remain true until we hit a double bottom. Will there be more bounces? Likely, is it a straight shot to .32? No. But the evidence is pointing to a double bottom before continuation, and this holds true for XLM as it does for BTC.
I think in the short term, even if we spike to .47 that would not invalidate this assessment. Crypto follows it's own set of rules, and although I do not pretend to know them, some truths have never been broken and the double bottom of Alt Coins is one of them!
TL:DR Our trajectory to .32 is locked.