Parabola
VeChain Parabola Resistance |2.618 Fib Target|Increasing VolumeEvening Traders,
Todays Analysis – VeChain- trading above its macro double top resistance, the next logical target, daily resistance.
Points to consider,
- Structural Resistance Breached (Double Top)
- 2.618 Fibonacci Target (Daily Resistance Confluence)
- Valid Parabola (Strong Bull Impulses)
- Increasing Volume (Volume Climax Node, Temporary Top)
- Oscillators Over Extended (No Divergences)
VeChain has put in a Technical Higher High by taking out its Double Top, confirmation will be on the next candle close.
The next probable target is the 2.618 Fibonacci Extension, which is in confluence with the Daily Resistance.
VeChains trend has multiple bull impulses, a clear sign of being in a parabola. A volume climax node will indicate a Temporary Top being set, likely to happen at Technical Targets.
Oscilators are over extended but with no valid divergence, further development will give us a directional bias.
Overall, in my opinion, VeChain is likely to test at least the 2.618 Fibonacci Extension, a volume climax node will indicate a temporary top.
What are your thoughts?
Please leave a like and comment,
And remember,
“You become fearful the moment you identify with fear. But once you begin seeing it as an impersonal changing phenomenon, you become free.”
― Yvan Byeajee
Bitcoin Bubble ComparisonDisclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Sawcruhteez Strategies: How to BUY THE DIP | Advanced Dollar Cost Averaging Methods
Welp the last fractal didn't quite turn out as I had hoped : /
This was primarily a result of my belief that the log growth curve would hold as support leading into the halving. When $7,500 broke down a month ago it left me waiting on the edge of my seat for further development. I hope that everyone has been managing risk and staying safe themselves! For those who haven't I hope that you are learning from the experience and moving forward : )
After the S&P experienced a major selloff the rest of the markets followed. Bitcoin hasn't traditionally been an asset that is coupled with traditional markets, however Bitcoin has never experienced an S&P bear market. When stocks are selling off it creates an extremely risky environment and the riskiest assets generally selloff the hardest during a flight to safety. Furthermore the riskiest assets usually experience the weakest dead cat bounces after the first leg down.
After what we have seen over the past month I have become more bullish on Bitcoin than ever.
I do believe that the S&P is currently in the complacency stage of the bubble cycle and I remain worried about what may happen to Bitcoin if the S&P really melts down. That being said what we have seen over the last month has given me sufficient reason to believe that Bitcoin will repeat history with or without an S&P bull market.
Bitcoin is a unique asset class for at least one reason, and I am starting to believe that there are multiple aspects that make this market unique. First is the halving. There is no other asset that shares this characteristic and I believe this is the most important fundamental trait of Bitcoin. If that outweighs a S&P bear market then I believe it would lead to the biggest bubble that the world has ever experienced. That would be enough to gain mainstream adoption and if there is only one, or two (gold), assets going up while everything else is going down then it would create FOMO of unprecedented proportions.
Before the past month this was a complete fantasy in my mind. I refused to believe that the riskiest asset in the world would benefit from the riskiest possible environment. Now I can see the light.
The second thing that may be unique about Bitcoin is the extreme conviction of the remaining market participants. Bear markets separate those who truly believe in the underlying asset from those who are primarily motivated by getting rich(er). It also separates the true believers who know how to manage risk from those who do not. Capitulation happens when the strong hands become sellers. The move down in March was capitulation.
This results in a liquidity spike that will blow out the large majority of market makers. This is the do or die moment when supply and demand is truly tested. If there are more panic sellers than the market can support then it can drop to $0 in the blink of an eye. Anyone that watched the recent action in oil knows just how true this is. In 12 hours it fell from $10 to negative prices and this is the something that the economy fundamentally requires to function!!! This isn't true about 95%+ of other assets. If oil can go to $0 then anything can.
Anyone who didn't sell on that move down is not likely to sell anytime soon. The person, or persons, who were the biggest buyers below $5,000 likely aren't planning to sell anytime soon either. This creates a major (perceived) imbalance in supply vs demand. I am expecting a very choppy period over the next 2 - 3 months and I do expect price to retest below $6,000. This is where I will be looking to accumulate some heavy bags. I am very interested in buying spot from $4,5000 - $8,000. It's a big range and it will be a risky position to build but I believe that the risk is well worth the potential reward. Over the past few years my target for the next top has been $150,000. At this time I am starting to consider some significantly higher targets. If price proceeds in a similar fashion to the chart above then I will become more and more confident in the adjusted measurements.
ETH 12HR RSI Triple TopETH has had a great run since the $90 low in March 2020. But as we approach $200 it seems to be losing steam a bit and may be due for a correction. I don't like calling tops or fighting trends but there is some compelling evidence to indicate that $195 is a good short opportunity.
The RSI on 12HR has clearly triple topped and price has been consistently dragging against the parabola uptrend for the last couple days with weak bounces off it. It would not be hard to imagine crashing through the parabola for a short-term ~10% TP target at $175.
$195 is also right at the resistance level where we previously crashed through on March 11th 2020.
Bitcoin ( $BTC 12h) parabola strike again !Cryptocurrency is a wild market.
During the recent rally I was monitoring the price, waiting with cash on the side line to "buy the dip" and like always the dip never came.
Instead I now identifie what can be said to be a parabola.
Meaning that buyers becomes more and more impatient and cocky.
I speculate that like all parabola it will end in an extrême price action with excessive buying from retails (Fomo) and selling from insider (Dump).
This is not a fully technical analysis, just an update on price action. Due to the May halving hype everyone should be managing risk now more than ever.
As time goes by, I will keep you updated on the evolution of the asset price, so make sure to follow me on Tradingview
Disclaimer : This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said and done from the chart.
Due to the volatile nature of the market, everything can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.
XTZ - Short the top call Hey everyone,
This is the time to pay attention
Volatility up = volatility down
XTZUSDT has been following a crazy parabola and I think this is the time to call for an end - at least for now.
Expect a retrace to the 0.5 Fib but my most rational self is actually targetting a retest of previous resistance as support @1.7853 around the 0.236 Fib retracement.
Let's see how this plays out
Take care,
Vlad the Crypto Trader
Tezos XTZ Parabola possible breakdown. XTZ has broken out of a parabola curve, which predicts an 80% retracement of the advance. Personally I'd expect a retracement to the rectangle formation that Tezos originally broke out of. R/R is bad for a short setup, but if I owned any, I would consider liquidating or hedging here. Also might be worth looking at XTZBEAR tokens.
Bitcoin Halving ComparisonDisclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Sawcruhteez Strategies: How to BUY THE DIP | Advanced Dollar Cost Averaging Methods
In my previous post I called for Bitcoin to retest $16,000 before the halving. From there I expected to see a multi month correction back to $11,500 where support would be waiting from a horizontal and trendline. After further analysis I think that is a very good roadmap for the months to come.
In the charts above I compare the current price action with what we saw in the second half of 2016, which was the last time that Bitcoin halved. We are currently three months from the expected halving date and last time around BTC pumped 80% in the 6 weeks before the rewards decreased. It started to correct two weeks before the halving occurred and proceed to fall 40%. If history repeats itself then that would indicate price rallying to $18,000 by the end of April before correcting back down to $10,800 in the following months.
I put together a fractal to illustrate that potential path and used a parabola to connect to the lows instead of a trendline. Regardless of what happens these next few months should be very interesting indeed!
BTCUSD OVER 10K! Parabola | Blow of top?| .618 Fibonacci!Hello Traders!
Today’s chart update will be on BTCUSD where we have a parabola forming, closing on a key Fibonacci retracement level indicating a probable blow of top.
Points to consider,
- Trend broke key resistance - .382 Fibonacci
- Structural resistance in confluence with .618 Fibonacci
- Strong support from 20 week MA
- RSI entering overbought
- Stochastics in upper regions
BTC managed to break key resistance with a valid retest confirming the S/R flip on the .382 Fibonacci level before taking of further. The structural resistance can be the potential target for the parabola as this level is in confluence with the .618 Fibonacci.
The RSI has broken key resistance and now has entered overbought conditions on the daily timeframe. The Stochastics is currently in the upper regions, it can stay trading here for an extended period of time, however lots of stored momentum to the downside.
The 20 week Moving Average as a very good visual guide as it has held significance as support since bitcoins initial bull move, a break will essentially indicate a probable reversal.
Overall, in my opinion, BTCUSD is in the latter part of the parabola, its apex ends exactly at the .618 Fibonacci where the potential reversal may occur. The 20 week MA is a strong indication of the current direction of this trend, a break of this will greatly increase the probability of a correction, which is imminent at some point.
What are your thoughts?
Please leave a like and comment,
And remember,
“Trading mastery is a state of complete acceptance of probability, not a state of fight it.”
― Yvan Byeajee
Bitcoin (2020-01-25) Accumulation above 200 DEMA + Parabola
I would have at least 25-33% of speculative funds in a HODL position in case Bitcoin goes parabolic due to world fears of Coronavirus and upcoming Halvening.
Potential parabolic line is being formed.
Demand is buying up supply above the 200 Daily Exponential Moving Average and not piercing through it.
Bear Volume is decreasing as price is declining = Bullish Divergence... speculators are waiting to buy at lower prices (hence lower trade volume), but institutional investors may be front-running the expected drop by most traders.
Break of Parabolic Line and 200 DEMA will invalidate Bullish Analysis!
Don't Mind Me Just Trying To Predict The Future Quick explanation here for our bulls and bears out there.
(This is my unbiased view,i personally expect us to break out the bottom of this channel, but i'm not willing to deny a pattern until its invalidated)
Inverted Head and Shoulders:
The move will push us down to ~215B total cap followed by a quick recovery.
(Puts bitcoin down to ~7.9-8.1K depending on BTC.d at that moment in time)
Cup and Handle:
A move to test our above Bear trend "Represented in red".
If we are successful in breaking the trend and out of our channel the handle will be completed.
A measured move puts us up to ~330B on our total market cap.
(Putting bitcoin up to ~11k, once again depending on BTC.d at that given time)
*Fractals may not pan out according to plan, as they are only there to represent place holders for the measured moves*
I'm most likely to only post charts related to our total at this time, until we break out of this ~195-245B pitchfork channel and choose a direction.
As always DYOR and safe trading.
Dow 1932 Market Bottom, Parabola, What Can Be LearnParabola exists in almost everything. The boom and bust cycle always exist even things that is not related to economics.
So, it is important to understand the existences of Parabola and how to make money from Parabola.
Looking through data of hundred of stocks and assets for the past hundred years indicate the presence of Parabola or Parabolic Move.
For example, Dow first Major Parabola peaked in 1929, that's since the inception of Dow.
And by default, the assumption is always that after the parabola, then crash, then a formation of a BIGGER parabola in the future.
That has always been the assumption since the world population is growing and economy will EVENTUALLY recover and grow.
Plus, the whole financial system is DESIGNED to be INFLATIONARY and so money purchasing power declined over time. That is another reasons why stock market is going up over the long run, sometimes in Parabolic fashion.
Why do many people miss out in a bull market? Because they make the wrong ASSUMPTIONS about market. The first major assumption is that stock market has always been going up over the long run. Because that's how money works, how capital works. Just ask yourself question, where do smart money put their money? In something. And whatever the thing smart money is putting on is what going up.
During the Great Depression of the 1930's. dow rallied 400% from 1932 bottom to 1937 top, and then forming another 50% correction before grinding higher and higher and higher.
This is one of the characteristics of EARLY PARABOLIC FORMATION, it has always been slow and very volatile. The market is very INDECISIVE and people always often sell the rally and go back to cash.
It continue like this until eventually the Parabola is ready for its major move, which begins in 1950 for Dow Jones, then it will move much faster.
However, this parabola is a bit weak and didn't throw away all its forces, peaking in 1966 and then stay sideway for another 14 years until 1980 while commodities and Gold are making its own parabolic move. which indicates a shift in capital and capital flow into something else during that time.
That obviously can happen, but yet again, due to the sideway market of the 70's, most people miss out on the 1980-2000 bull market and parabolic move, because yet again, by default, people always assume that market will crash and we will go back to great depression.
Parabola works until it doesn't, and it is much better for the whole market to go up over the long term, because if the market crashes, then it will be great depression and not the time you want to live.
Parabola is the only way to make a lot of money and to become rich, and has been demonstrated by all the big gains in innovation and disruption.
Tesla is latest example of Parabola. It is not that hard to make money in Parabola, buy the dips and follow the trend until it is over or reach its blow off/melt up phase. Which means either going long or holding cash. But most people insist on doing short term trading to make a lot of money.
I wish people can be more long term minded and see the obvious thing, but not, people are too short sighted.
This current parabola in the US stock market will be missed by many people and many people will miss out on the big gains by disruptive and innovative companies, just as they missed out on all the 100 baggers or more for the past 100 years.