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Parabolic

Bigger picture of where BTC is goingSome people keep asking me where we go, but the thing is as I previously explained, it is all about probability, no one can be sure on any of the time terms (If people really knew to predict every BTC move they would be very rich and famous in doing so), but my probabilities atm are: Short term? no one can be sure... we are in a symmetrical triangle as I showed previously... any break below it or above it will determine the short-mid term mood.. mid term? historical phases (last parabolic run, and the first time we hit 1k+ and had a big correction before the explosion) show that we have still a big correction, also the rise of the current parabolic was due to tether manipulation and exciting bots, also i didn't see real volume buying power, sentimental's aren't really that strong, and in fundamentals the technology is way behind so I don't see any institutions nor adaptation in at-least next 2 years... also if we explode with another parabolic move upwards then the crush is going to be much worst then I expect now, so mid term if we wont create ath, then we will see a 1-5.5-8.2k again (1-3 if tether dies, and 5.5 because we need to reset the current parabolic like we did with the previous, or at-least correct it to 0.7 fib' which is +/- 8.2k)... also excitement, and other values of moon boys give me the same vibes as it was when we got to 18k last time, and when we got to 1k for the first time way before that (both had long term corrections which no one believed could happen)... long term? I can see Bitcoin between 1-10m$ if the technology matures and succeeds, this is the stable zone for Bitcoin where 1sat = 1cent, when BTC replaces all fiat in the world (Or stays above all of them), when only multi billionaires can hold 1 whole BTC, when all BTC cap can hold all gold in the world and so on... Hopefully this answers your question.. Things can always change, by this is basically the vision which I hope to see..
BITMEX:BTCUSD.PShort
by Hedgehog_king
Parabolics, Channels, & EMAs: A LineupFor reference: EMAs 21, 55, 50, 200 Yellow, Orange, RED, GREEN Paying closer attention to the parabolic channel we've been in since the kick off enormous candle we received at the beginning of April, for the most part we've stayed inside it and when we veered outside, the correction was quick (within a week or so) to get back into the channel and keep following Looking into the confluence of the channel, along with the Symmetrical Triangle which is forming. This could also be argued as a Descending Triangle, but that would have the potential to violate the channel twice within a very short period of time which I place the odds of at <5% Observing now the chart on the right which has another symmetrical triangle between the channel and the top edge of the other triangle. First some history! When the MIDTERM TREND HAS BEEN BULLISH The 21 and 55 EMAs have crossed just before the 50 and 200 EMAs and historically when this has happened in the past there's a roughly 50% move upwards staying on top of the 21 EMA until the 21 EMA crosses the 50 EMA again. Measuring the potential maximum percentage gains when this has happened in the past from midterm low to new high is usually at least a 75% increase in price (lastly noted at ~9200, which would estimate just above 16k). This can be noted and measured at least 3 separate times since the beginning of April May 2nd - June 4th June 13th - July 1st (July 3rd - July 13th, but this was in a midterm BEAR market so the effect was mostly negligible but still positive at roughly 5%) And most recently Aug 1st - ??? The confidence on this bull market is based on several points of fact in recent days and weeks: The most recent bear market has been reasonably completed by retracing from 13.8 to 9.2 over the course of a few weeks, almost regardless of what low you're measuring by this should've hit very close to a Fib level (probably 0.5 or 0.618 for recent-ish lows in the previous months) Continuing devaluation and trade wars between the US and other countries such as China and Venezuela Increasing adoption and news coverage around Bitcoin and Crypto in general, mainstream news is picking up much more regular coverage and it's boosting us upwards at a decent pace The king reins supreme and is far away from it's current valuation even considering just 1 year away from today. The future is inevitably creepin' up on everyone else, we're still just the early profiteers of emerging technology which will see no less than 10x the current adoption rate in 10 years Though I don't know what one might need much of a stop loss for in this market... Good luck, happy trading, and as usual SET YOUR DAMN STOP LOSSES (but not too tightly (giggity))
BITSTAMP:BTCUSDLong
by SwiggitySwerve
BTC: Crazy and unlikely ATH prediction, vs an earlier predictionMore probable to just reach 20k by the end of this year. But here's my previous, and in my view, probably prediction of the next ATH using the LVDT dynamic guide bands/levels. (previously named "Bifrost Guide Bands") at the time. Target: ~280kUSD @ ~Feb 2021 In previous cycles, the bull market came in 3 phases. 1) The first phase is where the price remains range bound between the red LVDT level and the black 100 sma, 2) until it eventually breaks the red LVDT level and enters the 2nd Phase ( the start of the parabolic phase ) remains range bound between the red and the pink LVDT levels, 3) and finally it breaks the pink LVDT level and peaks when it hits the final orange LVDT level. However, for the current market cycle, we jumped straight into Phase 2!
BITSTAMP:BTCUSDLong
by cybernetwork
Bitcoin! 3 intersecting Parabolic Rises until $50k EOY?Hello everyone, I've got my contrarian hat on today, inspired by my previous idea on Litecoin. While everyone is expecting further retracement or re-accumulation phase for the coming months on Bitcoin, could this surprise all and continue it's parabolic rises? We present the 3 parabolas (yellow, purple then blue) that we see playing out, IF our contrarian view holds. You will notice how $BTC has been loving its 80-81% parabolic rises in each "step". Are we THAT bullish going into EOY? $50k if so! Please **do not trade based on this ** - this is a suggestion/idea based on a contrarian view that Bitcoin continues to be very bullish in Q3 and Q4 this year! Cheers, Leb Crypto
BITTREX:BTCUSDLong
by Leb_Crypto
Bitcoin Update #06 - Bullish parabolic was finally broke?Throughout of history of the markets, the eight moving average always was indicative of the Bull Run strength, as we can observe at the traditional assets in tendency. The break of SMA (8) in heavily charts, such as the weekly chart usually is a source of concern for funds and professional traders of traditional markets and well structured, after a broke and confirmation of weakening of the Bulls, the Bear tends to size up the position of their shorts. So we had the candle (1) broked at the SMA(8), candle(2) being the confirmation of the breaking that could be done by a fortification candle of the Bears or a weak candle of the Bulls, so we have the candle (3) being the reaffirmation of the Bears supremacy at this movement ( impulsing candle) looking for a next floor at $7.500,00. We are possibly going to have two weeks of a lot of volatility at the Bitcoin.
BITSTAMP:BTCUSDShort
by Igor-Silva
4
HD(Home Depot): All parabolic movements must come to an end What goes up, must come down. While this is not always true in this world, it's much more likely than not that a parabolic movement will eventually see a sharp, then lengthy, dwindling correction before it continues upward. This may seem like a crazy chart, but there are some unavoidable signs that the housing market is slowing down. Some experts are now predicting we may see some recession in 2020. Home Depot is a leading indicator of the hosuing market dropping off. Looking at the facts, Home Depot has increased its value 1186% since the market crash in 2009. To assume there will be no correction for this parabolic move will be foolish. The question is, when, and at what price? I think we may be reaching a top, if we have not already around $219. RSI has been moving bearishly against the price action on the monthly chart and is now in a nuetral/bearish range for the first time in nearly a decade. As of now we are still producing higher highs, but we did show one lower low. I believe if the next upward movement doesn't show a higher high (above $219.30) we might be at the peak and ready for some correction. This could easily bring price all the way down to the .5 FIB of its parabolic movement, or around $118. Am I suggesting you short Home Depot? Only if you're crazy. I like doing something out of the box once in a while though, so I'm going to play a small bag just for the sake of technical analysis.
NYSE:HDShort
by infbp22
We Just bounced off the previous ATH Picking up support were we did following the (Purple)Curve is a great sign. this could be a great time to buy if you haven’t already. theres not much resistance on the way up. RSI is low but volume says we have some time before the next big move. we should be looking at about a month of consolidation or retesting the support. Retesting this support agin anytime soon would not be a good sign at all IMO. It would be better if would went straight into a new bullish trend. only thing left to do is wait and see.
Long
by CryptoYak
3
BTC still has a decent bullish structure but ...Hi everyone While everyone is panicking, sometimes it's good to zoom-out and remind ourselfes that it's the bullishest asset in the world :) If we break the blue supertrend after closing in daily, then I'll look very closely at the CTI (green/red) weekly if it will hold or not Failing to hold the CTI will result in our dreams of lambo to be annihilated by Satoshi (= Craig Wright ? #joke) himself. Actually that' s where TA can kick-in... after a move up, I often aim for the zone between the 61.8 and 76.8 retrace level at least to buy back When we'll hit it, your nocoiner neighnours and hyperwave favorite gurus will call for BTC to 1K and even to negative USD value (you'll have to give USD to Satoshi... true but sad story). Not financial advice but it has often been profitable to counter trade bears during bull market (as far as I know, still backtesting the idea as we speak with my own account, will update when rekt but not likely to happen anytime soon :p) Jokes apart, if we break the green CTI and hit my green rectangle, please wait for your own reversal signal before jumping back in. The reason we don't like catching failing knifes is because ... it cuts and that's leaving us bleeding and... that's not nice.... We prefer seeing other bleed instead and fest on their fear and tears... right ? I'll update this SWING idea if I get a bullish signal confirmation (my nice green diamonds and triangles on the chart) or if you should start considering telling your family there won't be any summer holidays this year. Either way, I'll try to prevent us from being rekt (because TA works... sometimes) Dave
BITSTAMP:BTCUSDLong
by Daveatt
Bitcoin Rally is Over: Next Stop 5,363 USD, Then 30k USD!D4rkEnergY was the one calling the bottom at 3.2k! D4 also presented you for Evidence for the Bitcoin Parabolic Bull Run Already back in April and May. If you dont remember, then take a look here... I even mentioned it in my interview with TradingView, which you can see in the Show-category. I also said we would go to 30k USD, and it will happen, but we need to take a detour first. Bearish Signs - The price structure is very bearish - Bullish Volume is decreasing - Bearish momentum is increasing - MA20 about to cross MA10 on the Daily. Has already happened on ETH - A lot of Longs, which means they are still in denial - We are most likely on the C-Wave (Volume Distribution match this scenario) Bullish Opportunities -A Triangle ABCDE Pattern,or a combination WXY-pattern, but it seems more and more unlikely when we are dropping hard without any smaller correction to the upside. - Whales and Exchanges are the bulls only hope. What will happen now? -30K USD Incoming Short term we will maybe go a bit hgher to around 12.2k, and then drop. We might also drop right away. But dont worry, everything will be alright. Remember we came from 3.2k USD, so the chart looks overall very bullish still, and we will most likely go to 30k USD after hitting 5,363 USD which is equal to 78.6% Fibonacci Retracement. The reason is simple. There are so much money in this business, that the rich, which are controlling the market, will not let BTC die. Whales and exchanges will keep pushing again to attract new retail investors and to create a new Bitcoin Hype so it will become Mainstream. Just continue to follow D4, and I will help you make money!! And please SMASH that LIKE-Button, like a BOSS! D4 Loves You <3
BITMEX:BTCUSD.PShort
by D4rkEnergY
130
BITCOIN in a wedge up. Soon $1000 p/day?BITCOIN in a wedge up. Soon $1000 p .day? Bitcoin is following this wedge so nicely. If we break above the recent top we can see another nice parabolic pump. Maybe up to 17k This price can accumulate with $1000 pday again. All ALTS are bleeding now because of the BTC dominance. ALTS are getting chances soon but first Bitcoin needs to reach a higer price. If we fell out this wedge we can see a retest of te gap around 8500?!. Share your idea please! Please also dont forget to follow me and like this post if u agree. Goodluck my bulltraders. #BTC100k
BITMEX:BTCUSD.PLong
by Mikki0416
BTCUSD is in an essential stage. The road is rocky - wear shoes!BTCUSD has broken out of the triangle formation while retesting the middle line of it and is now sitting on the neckline of the inverted head and shoulders chartpattern in the vicinity of the 1.6 Level at around 12000. This level will be eyed as a very importent key level by many of the professional traders. They will expect a break above and a clear retest of it for a bullish progression. A break below after a break above (candles have to close) will be considered as a bearish setup and traders will eye for a short opportunity. Let us see where BTCUSD will go and we will follow it. The targets for the h and s pattern is the height of the head and its middle line. Do not forget the 1.6 and the prior high as profit zones. Better be defensive since this stock can move very fast. Please check out George Beaulieu on Youtube if you want to learn more about technical analysis. smilingly heish
BITSTAMP:BTCUSD
by MeruEU