LEND.BTC (Y20.P3.E3.v2).Gems in the making.No.2Hi All,
*** This is a continuation of the previous post, or an update of the link below, Price Action explained ****
I constructed this chart prior to the drop. But the macro approach doesn't change.
The title is related to a few coins, Gems in the making will focus on specific coins that have demonstrated a clear parabolic curve pattern.
No. 1 goes to LINK.BTC, which I had a previous post with this as part of its title.
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ANYONE INTERESTED
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The vision:
I would like to build a team, a community maybe, limited no. where we work as a team on TA of the charts and we all benefit.
There is a criteria, you have to have the same values and mindset with the team. It won't be easy to build this team but why not start.
For now, its only a thought but if you interested let me know, and I can start planning the platform or forum to do this.
The vision, we work together going through the list of crypto, do quick summary of each and routinely review them together.
The criteria is that you know the basic fundamentals of TA and demonstrated it (by publishing your works where I can have a look).
I don't just want anyone but people who have the same mindset and are willing to do the work as a team.
For now, its just the planning I would like to do.
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Now for LEND.BTC
As a student in the art of TA more precisely price action and chart structure, I am very interested to building my knowledge base.
What really is frustrating is time and what can be achieve while this anticipated macro bull run is in the making.
Here is a new subject i'm trying to get good at and its identifying Parabolic (curve) structures.
LEND.BTC definitely falls into this as demonstrated on the chart.
So lets begin in point form >
> LEND has demonstrated 4 bases
> It has an increasing support trend-line, which the angle increases after each base completion
> Respecting the 21/34 EMA along the daily
> Climax ending\extention after base 4
> Pullback complete to 0.5 fib level
> ****** The KEY thing here, its done a double top *********
> The double top is what I'm playing my bets on, and that fractal is from BTC 2017 bull run, a similar structure even prior to 2017.
I'll put a sample here.
MY THOUGHTS:
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This is going to be a difficult thing to explain and even to implement, but if you do it right, you compound your earnings.
Scenario lay-ed out:
> We noted that when BTC rises quickly, the ALTS and their pairing fall back\behind of that impulse wave.
> We have noted, when BTC hits its resistance in an uptrend, the ALT pairing bounce quickly behind.
> However if BTC makes a break, like this likely position of 12 K, you can be sure that the ALT pairings will drop significantly.
> We have noted that the BTC dominance level is approaching the 0.618 retracement based on my chart reference (refer to previous BTC dominance post, link below)
So you can expect the ALTs will take a hit, but after that, the ALTS will rise especially those DeFi and ETH the most.
With that scenario in mind, where we enter LEND is critical, otherwise you can take a hit because of the above points, so you must be quick to react.
The safer play is have only BTC and ETH until we hit $12500 or $13800 for bitcoin OR $465 to $508 for ETH
Otherwise roll the dice with me and buy up LEND, KAVA, SOL, LINK who have demonstrated parabolic structure.
Some are about to finish and start a pullback while others are looking to start the 2nd leg.
The BTC fractal associated with this chart and potential direction
The next project > SOL.BTC
Parabolic
LINK.BTC (Y20.P3.E4).Rare Gems and the Parbolic Curve PatternHi 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 www.tradingview.com). 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.
BTC/USD: Parabolic rise must cool downIt's true that bull markets can take you by surprise and be irrational for longer than you expect. But it's also true that parabolas don't last forever.
This rise to 11.4k was parabolic. Bitcoin got more overbought on the daily, by my own calculations, than at any time since April 2019. The last time it hit these levels before that was Oct 2017, and only for one day each time.
So (it seems to me) one of two things must happen, on a daily timescale:
1. A retrace to some kind of support level, like the local ones highlighted in green on the chart, or at least the 0.382 or (much) better the 0.5/0.618 Fib retracements, and then continuation. I just don't think the quick touch of 10575 is enough. I could be wrong.
2. A sideways corrective pattern for a few days, like a flag but not necessarily that obvious, during which we get a daily oversold signal (probably just one) on my Price Action Trend | Simple indicator.
I'm totally bullish on Bitcoin and will long the heck out of either of these two when they occur.
Let's not forget there's also the CME gap, highlighted in yellow on the chart. Note that while I believe it's overwhelmingly likely that this will fill on the BTC1! chart, a spike down there wouldn't necessarily match the price on other exchanges, so you can't translate the exact levels.
Finally, since everyone and his dog are now bullish, we can't rule out a good old-fashioned stop-hunt.
#notadvice
Trade safe, everyone.
WARNING TO GOLD PERMABULLS!Yep - I missed the parabolic pump and I'm sooo happy!
There could be trouble ahead. Gamblers late in the game go right ahead!
Those gamblers who made their killing could be getting out. You never know.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
NWC in parabolic curve - path to 20c (300%)Hi
I just came across an idea that growth of NWC coin is just the beginning of parabolic cycle.
Few things indicates that:
1. NWC is making HH, HL which indicates healthy uptrend
2. Parabolic curve touched and price skyrockets when touched it.
3. Integration news and partnerships were all true. Also team promised few more for next week
So buying a rumor before announcement is usually a good idea. Last month team did an amazing job, and with few more integrations like they made could
bring even more attention to this low cap altcoin. Usually my predictions are in BTC pair, but Bitcoin is uncertain right now, could moon, or sink, NWC wasn't affected by Bitcoin's movement lately
so it makes more sense to make a prediction is usd value this time.
After integration of paypal, visa, mastercard, I'm really eager to see what's next move from Newscrypto.
regards
ZAP/ USDT supports and resistanceAN idea about where the emerging supports and resistances appear to be in the recent slow down of the parabolic moves that ZAP has made in the past few weeks.
#Gold - #XAU/USD - Unpopular chart looking at this on monthly we are in the parabolic run, if I have learned anything from trading #Bitcoin this doesn't end well.
I don't think we will be able to break above the previous high, we are printing Bearish diversions on the weekly timeframe, sooner or later this is gonna dump down hard!
depending on the HIGH of this rally i will target at least 0.705 Fib level for take profit, will keep you posted in the timeline
The descending triangle that we have broken has targets of 2076 but I think we will dump first before reaching that target
CRO -Resuming Parallel Channel Uptrend after parabolic blowoff-CRO has resumed trading in its parallel ascending price channel after a brief explosive break out upwards. Unlike the Related Idea below for MCO tokens, CRO has been an excellent buy as this platform offers staking some CRO with an impressive 18 percent yield, add that to the incredible price appreciation we have seen, you are going to need all of that to offset all your losses on MCO tokens. Cryto platform referrals are welcome if my chart helps you make a hard decision in the short term. Referral: 3pfx3etpmk
READY TO FLY?!i have marked and highlighted everything in chart..
just look at MACD and RSI and SAR
its time for a little correction before flying, make sure you are ready
resistance cant stand after that correction..
XTZ needs this fly..
and of course everything depends on bitcoin so have an eye on it..
Apple - Dire WARNING - DANGER ZONEThis post addresses basic cycle theory. Parabolic curves and parabolic trends.
Yesterday the world laughed at Bitcoin and said that it was a BUBBLE and a PONZI scheme.
Today the whole world is in a bubble and the entire financial world is a ponzi scheme. Ironically we only need to look at examples of yesterday (Bitcoin) to understand how this is going to play out.
In this chart I simply analyse a very clean cut, tidy looking and VERY obvious parabolic trend. I cannot tell you when this is going to happen, or how far up this is going to run because that would be attempting to "time the market", as everyone knows this is a fools errand. But what i can allude to is that which is VERY likely going to be the outcome.
Anyone looking to play leveraged trade positions up here.......... is akin to a game of Russian-roulette with 5 chambers loaded.
Please scroll down for accompanying information and examples.
Please feel free to share your own examples of similar Parabolic trends and their outcomes. The community would love to collate this kind of information in one place.
Happy trading, stay safe. Don't be over exposed.
Picking the top or being humbledOverstock has definetly gone parabolic, 2500% in 5 months.
- Double Top
- RSI massively oversold and in line with previous parabola (though slightly early)
- Massive weekly panic buying candle
Perhaps the more disciplined play would be to wait for bearish RSI Divergence (yellow lines) but it feels like when this goes it will be fast.
MBL paraboilc Chart! Bullish Indicators!Hi everyone,
MBL is moving really bullish.
- Downtrendlines broken
- RSI over 50
- MACD moving up
And some more:)
This Coin can easily move 100% in days.
Trade at your own risk.
Hyphens Pharma-bigger trend in the making? (warning:speculative)Let me qualify myself first. This is a penny stock and highly volatile, hence do not take this trade if you cannot take the volatility.
This stock has the hall mark for a stock in the beginnings of a bullish trend: a base formation that lasted 2 years and now finally breaking above the 0.305 long term resistence strongly on 28 May, hit high @ 0.38 before violently giving way to profit taking. However during the violent fall, it stopped short @ 0.305.A break out of base formation and then a retest of the break out level - classic opportunity to enter near this level with initial stop just below 0.305 (we are talking about a 9-10% Stop loss when entered at this level hence be mindful and do not take undue risk with oversized positions). Volume is still not as high as I would like hence possibility of failure is there. Play it safe and not for the faint hearted!
Initial profit @ 0.39 (retest of recent hi) with potential to go higher eventually (trailing stops). Let's see if it works out
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
NASDAQ - update with parabolic bandsAs I identified in my last post, the nasdaq has reached a channel and parabolic line resistance. Even with all the asset price and market manipulation, the next step should be down. The caveat is obviously the US election craziness and the new Chinese market manipulation... where you now have competing market bubbles stoked by foreign actors. Stay safe everyone and love your gold (reflation/hyperinflation).
ZIL Retracement Price Action Post Parabolic AdvanceZIL has had a brilliant couple of months, thus creating a very nice price trajectory in a parabolic advance trend, that now needs to be worked out next.
Seems like the $0.0215 level is lost for good, so I will for the time being discount any possibility to revisit it. BUT if this level is broken and closed above, straight up continuation is more likely.
$0.0173 Level has given the expected reaction already, so if this level is to be re-tested it is more likely than not to be broken, and so would create reason to test either $0.0160, or $0.0141 or both. There is likely to be a good reaction of this level and even a possibility of resumption of the uptrend, but IF broken and closed below, traders watching this pair should look down below.
The levels this chart has below the strong median support at ~$0.0150 are around the $0.0121 mark, down to $0.0083. Any of these levels could realistically be revisited and offer a great opportunity to enter, although the latter level is LESS likely.
Since the weekly did not manage to close a candle above $0.025, I'm afraid a deeper pullback is in play and therefore have my eyes nearer the lower values. As always, however, watching local levels play out will eventually show us where support is gained and a change of trend will happen. Till then NO BIAS and just watching the price action.
Remember that anything can happen, and trading is just a game of probabilities.
So do plan accordingly, and trade safe.