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Parabolic

₿TC Filling Positons & Keeping a 27k By New Years TargetI am filling my positions throughout this area with stops set at $10,900, this is Bitfinex BITFINEX:BTCUSD so adjust your own markets as I do accordingly. Use proper risk management always, I set my stops and don't touch them once price action begins , if the stop hits and then rebounds I don't FOMO, I simply relax and look for my next entry. 4 hour BITFINEX:BTCUSD If the Daily closes below 11,125 I expect a test of 10k, BITFINEX:BTCUSD if we break that then hard fall to the Ichimoku cloud (Senkou) top. We did cross the Kijun-sen (Base Line in pink) so I do expect some quick dips creating some nice bid positions in the bottom of my range. I am not adjusting my year end target for $27,000, if we break down below 11k again and close on the daily then I will take a look at readjusting my target. Since parabolic trends seem to have suddenly been discovered by some new day traders here is our accurate trend for perspective. Big range there, support could be adjusted to reflect the last rise but I never updated it because a correction was badly needed. I posted this on twitter but not TradingView when I saw the drop coming: twitter.com These are extremely dangerous conditions if you do not know what you are doing with leverage, I highly recommend to stay away from leverage if you have under a year of day trading experience. Even then I am using low leverage due to higher volatility, don't get greedy and enjoy the ride whichever direction we break, look how far we have come, I have a pinned tweet showing a video of price action from 2012, my message with it still applies. I am not stressed, quite the opposite. Corrections are good, and truthfully..... this is nothing, ₿itcoin has seen way worse . twitter.com Playing this song below on repeat for awhile ;) www.youtube.com
BITFINEX:BTCUSDLong
by Nick_Core
8
Update: Mayer Multiple ReversionThis is an update to a previous post noting the resemblance of the Mayer Multiple breakout to the trend in early 2013. Unfortunately, that post and several others were apparently in violation of TradingView rules because I had linked to my twitter account and emails. Anyways, since then the multiple has reverted back to the 2SD line. I'm increasingly convinced that technical analysis fails to predict where we go from here because of complex social and political factors. Still, it's interesting to note the resemblance, and the indicator is a good way to keep track of the parabolic trend.
BITSTAMP:BTCUSD
by UnknownUnicorn1513138
1
Cardano Doubles in Price since Breakout - 12-18-2017Cardano ($ADA) has gone parabolic and to the moon! Price has more than doubled since the breakout on 12/16. As new all time highs are made, it is very difficult to predict a short term target as there is not any history or pullbacks to adequately project this. Therefore, I have used the 4 hour chart and the pullback from Sunday to project a target of 3069 Satoshis, based on an equi-distant move of the height of the triangle. This target does coincide with the outer Bollinger Band (2.5x STD DEV) and so I feel it is as good a target as any. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Long
by GoldBands
7
BTC/USD quick analysis and projection BTC has been in the spotlight with its recent parabolic movement. Using trend analysis we have a short 24 hour break to the upside making new ATH on Coinbase/Gdax at roughly $19,726. Forming a consolidation pattern that is desperately needed. Fibonnacci retracement has support at $14,075 that needs to hold to stay in pattern. This is also a buy entry level to add to current long BTC/USD position. If .618 Fibonnacci retracement level/support level holds it is also a potential buy entry for opening new BTC/USD long position with a target of $21,843. StochRSI is oversold but there is very little volume coming in so caution is warranted for opening new BTC/USD long positions. Look for extra confirmations of continuing support at that level or price channel holding/uptrend forming with higher lows and higher highs. Let me know what you think! More to come :) Thank you!
COINBASE:BTCUSDLong
by lauren522
2
BTC: The Parabolic MoveThe parabolic move is undoubtedly the most sought after pattern for traders and investors with huge upside in a short space of time with followed by a blow off top. Typically there are several periods of consolidation or 'bases' which are established with increasing range between each of the moves. The final phase is a usually the most violent in its upside before a strong correction which breaks several of the previous levels of support. I think its fair to say Bitcoin is within such a move and most likely coming to the end. Im calling top at a maxout of this move being $20k but could end sooner. A collapse could see bitcoin return to somewhere between $2 and $3k- i would lean towards $3k Im certainly not bearish quite yet, but we saw some serious volatility at $10k - imagine what it will be like at $20k. A lot of people will have made a lot of money and profits will be taken: Just to put this in to perspective, lets say you bought 100 BTC at the start of the year for $100k. By $20k/BTC this will be $2m in holdings. This is enough for any average man to retire upon. Watch how quickly the libertarian hodl attitude melts away when they are literally kissing goodbye to their lottery ticket. The panic will be significant and is probably underestimated due to the euphoric feeling we all have today. My advice would be not to short this beast. There is plenty of potential to nearly double in price. Take some profits on the way up.. You can’t go bust by doing that. Hope you found this useful. All the best. FILBFILB
BNC:BLX
by filbfilb
155