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Parabolicmove

XRP Bottom is in - heading towards 0.44$ and beyondHey everybody. Xrp has bottomed out and I expect parabolic move from now on. Looking at smaller picture, I have 3 rectangles over here. Yellow - Monthly supply zone. Blue - Weekly. Purple - Daily. As you can see we had perfect retest of daily supply at 0.283 zone TWICE. This shows a strength in the market. After this retest we can easily pierce other levels and try to reach upper line of MS @0.44$. I also added dates, don't look at them too seriously, just trying to work on date pivots. Keep in mind, that when XRP pops, it doesn't retest any supply's in the later stages of bull market. We are shifting from BEAR to BULL. Perfect situation for long term positioning and holding. We will reach new ATH sooner than most ppl think. 0.44 could be a short stop before things get crazy. This idea is for educational purposes only! Have a great weekend everybody.
BITSTAMP:XRPUSDLong
by Patrikas10
1
BTC dominance is about to raise more, bad news for altcoinBTC dominance (BTC.D) runs in a parabolic curve since April 2019. After got over 32.8% and 50% Fib. retracement (considered as resistances) at around 58% and 65%, BTC.D is now heading to the 61.8% Fib. retracement (at around 72%), which is the strongest resistance. I expect a strong correction of BTC.D when it reaches the 61.8% Fib., from now to then BTC.D will easy of moving straight toward that resistance. As mentioned in the previous post, when BTC dominance is quite high, there is not a good time for altcoin, then altcoins will suffer more selling pressure on the next days. As BTC dominance is quite high, any big move of BTC in any directions will lead to a big dump of altcoins.
CRYPTOCAP:BTC.D
by Batrachotoxin
$BTC to $60k EOY with blowoff top similar to 2017?Hi everyone, Seeing the powerful parabolic rise of this year, I decided to look at 2017 and try to extrapolate an idea. It's a wild idea, I get it, but it's nice to see for some perspective of how powerful this year's parabolic rise "could" be and how big of a crash we could expect if it does actually play out. AB= April to Sept 2017 CD= Sept to Feb 2017 AB = CD in 2017 puts the target at $6.7k, which is the 78.6% fib retracement from ATH (blue line). That was Bitcoin's realistic target for EOY. However, Bitcoin being very parabolic in Q4 2017, it decides to go for a moon shot another 184% to the upside, prior to quickly going back down to consolidate upon its intended target of $6.7-6.8k (the 78.6% fib!) Could the same AB = CD repeat for this year, given the similar powerful 2017ish parabolic rise we're seeing? AB = Jan - June 2019 CD = June - Dec 2019 If so, we'll see Bitcoin reach just shy of $60,000 EOY, than plunge back down to the 78.6% fib at around $20.5k! This means that Bitcoin's previous ATH will actually become a strong support for the continued 2-3 year bull rally. We could also note that by that time, the NVT indicator will probably be flashing a big sell signal, justifying the 60-65% quick plunge from the $60k blowoff top. Hope you enjoyed! Cheers, Leb Crypto
COINBASE:BTCUSDLong
by Leb_Crypto
Bitcoin Loves Exponentials: Analysis on shorter time frameBitcoin loves the "parabolic" pattern, here is an analysis of one on a shorter time frame. This is likely to lead to insights on this much intermediate parabolic pattern. Within this pattern, we can see accumulation occurring at the base, which can be identified by the trendline occurring in the RSI, this occurred in a very similar way to our exponential growth within march off the 2-3 month base. As the RSI continued to rise, the price was range bound. Once the second base was made, it was clear that the RSI had made a new trendline showing the increased structure of the rising demand within the smaller time frame on bitcoin. On the third base, the price of bitcoin increased by 6-7 percent, this is important to note because, although we cannot double the price of the third base, if we turn into percentages the rise in price can be compared. From the third base, within the same amount of time to form the 2 initial bases, the price increases by 11-12 percent, which is nearly double that of the third base. The price action hits a relative high of ~12850 and then it drops to the .6 fib. it then retests the price and falls once again. Please note: this analysis does not assume that it will currently fall further as the longer time frames would need to take precedence for that to occur. This analysis corresponds with:
COINBASE:BTCUSD
by CuddlyCuddles
ETHUSD just charming...Quick TA on ETHUSD We see ETH price action testing the lower bounds of the upward channel Looking like it is priming for a parabolic advance, so hold on to your seats all you bulls. HOWEVER, watch out for a breakdown from the upward channel, with the lower bound at the 200-240 range. Bearish divergence on the RSI is forming, signalling bearish impulse and potential of a reversal. - Watch for critical levels at 200-240 - Watch for retest of the 350 range - Watch for sudden surge in volume Happy trading y'all :)
BITFINEX:ETHUSD
by gingerbre4d
3
Bitcoin is still in parabolic move, next target $16K if ...I appreciate your support by liking/sharing this post if you see value in it. Thanks, A long time ago, I drew a Fib Circle for BTC Long - Short chart and I have kept tracking it. So, far it has played out very well and we are on track (still following those Fib Circles). Right now the BTC long-short is heading down and this is a bullish sign as Long/short or long-short chart is known as a reverse indicator. That means, when the majority of people think we go down we will actually go up and vice versa! I know it sounds very crazy but it is a fact! My guess is the Long-short chart keeps moving down towards the next Fib Circle and will bounce back up. Note that I am talking about the overall trend move and not a short-mid term trend. In addition, after the short correction we had on June 27th, we are moving sideways so far (check out smaller time scales like 3-4 hr charts). If we keep moving sideways for the next 2-3 days, I will be VERY bullish and will buy in that dip too (I have already bought in around $11k). If that plays out and we break previous highs ($12,900-$13,000, the close price on June 26th. Note that this number is exactly the next pitchfork level, the light purple line) our next probable target will be around $16,000. This number is the 78.6% retracement level (green line) as well as the middle of next pitchfork channel (the dash line). Also, take a look at the similarities between current move and previous moves in both price actions and Stochastic RSI (note that the current move is faster and shorter. As we get closer and closer to the top, the cycles are getting shorter and shorter in a parabolic move.) Good Luck.
BITSTAMP:BTCUSDLong
by walekiller
2
Is Bitcoin bull market closing to endBitcoin goes parabolic as shown by the steep pushup early this week, breaking above 14000 dollar for the first time in 2019. The huge volume in leading derivative exchanges indicate the market has reach a point of frenzy that is illustrated by media coverages and vigorous new investors pouring in. The pull back yesterday, in any sense, is expected and well-deserved since anyone, with some trading experience, will realize that parabolic momentum can't sustain itself indefinitely. A sell off, therefore, inevitably follows . Anyway, the 3000 dollar pullback is a remainder that we're in a bull market, and in chart we can see buys are starting to come back when the price drift to 10000 level, which is an important support leven, psychologically and technically. The rebounce near 10300 make the relatively steep uptrend beginning at 8000 intact. That being said, We concluded that the market is still very strong and shows significant resilience, and new buyers are still pouring in to provide liquidity to crypto assets. Technically, the bull trend has yet over, and we won't prematurely assume the top is 14000 since the trendline holds steady against selling pressure. Nevertheless, we expect some days of consolidation before the market gain steam and resume momentum.
COINBASE:BTCUSDLong
by UnknownUnicorn3838311