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Parabolic

Ethereum's Massive Bull Run Has Just StartedEthereum is rising very rapidly in the last few weeks. Whereas the rising was more gradual at the start, it's starting to show signs of parabolic behaviour since a few days. This parabolic move blasted the price through the upward sloping channel, signaling more bullish movement to come. Since there aren't any big resistances in the vicinity, the price has a lot more room to grow. Resistance 1 and Resistance 2 are the first major areas of big selling pressure, therefore it would be wise to reduce your long position around there. If both resistances were to be beaten, nothing will stop Ethereum from reaching the $1000 mark or even targeting a new All-Time-High.
Long
by FieryTrading
1
CUP and HANDLE?Hey guys, Technical Analysis is a thing which represents the past and allows predictions for the future. Since Cryptocurrencies are a phenomenon and instituionals have not entered the market yet, it has hard to adapt such indicators and fractals into bitcoin. Even in classic markets like the stocks market, bonds & derivates, Technical Analysis is something which works, because people believe in it. And since everybody believes it, it works out for everyone! Nevertheless, we can try it out in crypto as well! :-) The Cup and Handle formation: As a stock forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities. It is worth considering the following when detecting cup and handle patterns: Length - Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms. (IS GIVEN) Depth - Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern. (IS GIVEN) Volume - Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high. (IS GIVEN) As you can see, this formation works! But careful, it does not mean it works out, because only some lines match with the idea od a Cup and Handle! I Hope you enjoyed this idea, let me know if you think this is actually good or absolutely garbage, your quality-trader
COINBASE:BTCUSDLong
by GER-Quality-Trades
4
BTC/USD- $30,000 (Dec-Jan) - $100,000 (Sep-Dec 2021)Hey traders, in this chart we highlighted the halving effect observing the the time to major ATHs after the halving event. After first halving on chart we could see it took bitcoin about 500 Days to reach an all time high of about $1000. After second halving same thing repeated we had another 500> days to hit an ATH of $20,000 Currently we sitting on the third halving and just est. 200days after last halving event, inasmuch as i believe we will surpass previous ATH of $20,000 before year end and a possible hit of $30,000 by January 2021 My expectations for a new ATH will be by next Autumn/Winter come September to December 2021. Do share your thoughts and let me know what you think.
BNC:BLXLong
by niclaxfx
5
DOGE/USDT Massive Parabolic Break-OutToday, DOGE has finally broken through the upward channel that it has been following for a few weeks. Not only did it break through, but it did so with a very strong few candles, accompanied with high volume. In the snapshot below you can see that the upper trend line was decimated, signaling a strong bullish move in the coming days. I expect Dogecoin to behave like it did in the past: strong bullish daily candle to start the parabolic movement, followed by even greater bullish daily candles. A move like this can keep going anywhere between two to five days. Consider taking some profits at either Resistance 1 or Resistance 2, since selling pressure is prone to be strong there. Tread very cautious when the price reaches above Resistance 2, it might reverse very strongly within the blink of an eye.
Long
by FieryTrading
Text-Book Quality Parabolic Rise on BTC/USD! - By Trading-GuruThis fantastic parabolic ascending on BTC/USD is simply of text-book quality. In this analysis I will walk you through the narrative of how this parabola was formed. I will show to you in retrospect the things we can learn from the price behavior at that time, so that we can take lessons from it and recognize such a pattern more quickly in the future. Furthermore, I show the bullish scenario of what will happen when this parabola holds. You can see that the price will increase exponentially, giving us a $19,000 prospect still within November of this year. Lastly, I want to highlight what can happen if the parabola breaks. I did some research into other historical parabolas along with the text-book explanation of what will happen in those cases. And the results aren't pretty, if it does break the price can go down very very rapidly. As exponential as it has increased. So tread carefully everyone. Here is the order of touchpoints on this parabola that with every step gave us slightly more evidence about the incoming increase in price: The first of the touchpoints on this parabola were from the 5th of September. We see that the price has hit a temporary low near the $10,000 mark after a big hit in the price coming from $12,000 The second touchpoint happened on October 8th. We can already see here that every time the price dips the bottom is a bit higher than it used to be. For the first time, you can start to see a bullish trend. From the 19th of October it becomes more evident that the price is rising, the touchpoint here was enough to let the price jump into the air. BTC is officially taking off, in just two days the price increased by 10%! Early November we see multiple interesting touchpoints. The price is still bullish but struggling. It reached around $14,000 three times in a row and it got rejected on every attempt. Then, when it hit the parabola the price jumped up again! And finally, the incoming last touchpoint in a few days. If the parabola holds we can expect the price to struggle around the $16,000 level for another 1.5 days. Then if it touches the parabola and it holds, we can expect the next jump in price. By end November this parabola predicts a price of over $19,000 for BTC! Bringing it close to the resistance of the all-time-high. If you're going in with a long position I suggest to take profit below the ATH as it is very unpredictable what will happen near that level Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSDLong
by Trading-Guru
22
Update: Is Bitcoin Going Parabloc? - YesLast time I made a similar post about Bitcoin's parabolic behaviour, we were still below 15k. Only 11 days later and we might already be hitting 17k soon. Bullish sentiment is higher than ever. Together with the stock markets, Bitcoin profits from the US elections and the reduction in uncertainty. Pair this bullish sentiment with the constant addition of USDT into the market and we have a recipe for parabolic growth. The next minor resistance is around 17k. Consider taking some profits there. If the price manages to beat the 17k resistance like it did with the 14k major resistance, there's nothing stopping Bitcoin from reaching 20k again.
Long
by FieryTrading
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.
COINBASE:BTCUSD
by Skyrexio