Parabolicmove
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.
looks like the same thing is about to happen for the 3rd time! FOLLOW ME EVERYWHERE YOUTUBE @ CRYPTO GANG @ TWITTER @1CRYPTOGANG!!!
$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
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:
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 :)
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.
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.
BABBTC Parabolic movement just finished, possible 50% gainsA very important thing I learned is that after almost every parabolic movement you will find at least an 80% correction, so guys I just spotted out this one in BABBTC. You can see that we have already closed outside of the parabola and the next confirmation in low time frame I will enter in a long position with the stop loss few pips below the grey box.
Bitcoin is Mooning Literally Parabolic, Look at It Go!I just drawed the yellow parabolic moon on Bitcoin
BTC/USD WHYimTheBesthope you understand with basic rules why this target in specific is the most heavy resistance in the chart
thank you all !!
Bitcoin's Possible Failure and RetracementCurrently, the price objective of the broadening wedge has not been hit, that is bitcoin's failure. If the top of the broadening wedge does not hold, then it will most likely retrace.
In White, there was a small ascending triangle/Double top on the 4 hour time frame, and it broke out to the down side, it is possible that BTC will retest the top of the broadening wedge, which is around 10100 to 10000, failure of this area to hold will most likely indicate a retracement to the 6k levels as previously mentioned. This would also void the previous analysis of the parabolic move.
There is still ample space in the 4hr RSI to fail, however, a bounce off of anything above 40 would still be indicative of bullish moment, however, if it fails to bounce in that region, then the daily must be analyzed to identify, whether bearish moment has seeped into a larger time frame. In addition, there is a bearish divergence, however, this may only be worth noting on this time frame.
Previous Analysis:
Bitcoin and Parabolas This pattern is not even close to being complete, and there is major upside potential as bears have shown extreme weakness at halting this move.
The parabolic pattern:
This is most likely a parabolic pattern and there have only been 3 bases to this parabolic move, this means that there is still a high probability that the price can at least double from the price given at the 3rd consolidation. The price of the 3rd consolidation is 7.5 which can be seen in green, thus, it is highly probable that the price objective is estimated to be approximately 15k, if the price triples, I'd expect to see a move to 21k, however, it is important to note that most parabolic moves end with at least a 60 percent retracement of price, this means that if price does move to 15-21k, a drop to 7k should not be out of the question (resembled in the white arrow), however, I suspect any price below 6k would mostly be untouched. The price range of the move can be seen in the light blue box, however, it is also important to note that this is only a conservative estimate of the price objective, we could see prices well beyond this before a decent retracement , in some of my other analysis, it would be close to 80k, but that is a distance away and seems highly unlikely so I wont be posting it. If there is popular demand to see that analysis, I could post it, but take it with a grain of salt.
The as for the broadening wedge, the current price is just under the price objective, where the price currently sits at 10900, the price objective is approximately 12k. I expect to see a small consolidation around 10-14k, and a possible continuation of the price movement.
No indicators are necessary until there is a strong signal against the trend with confirmation by price and volume. In situations like these use of them should be weary because they may provide signals that are only indicative of a small reversal as opposed to a large one. This can be proven repetitively.
Previous Analysis:
BITCOIN DID NOT FORM A LEFT SHOULDER BUT IT IS DOING SOMETHING!Everybody is claiming H&S pattern, but what most people forget to realize is that left shoulder is a fake left shoulder because of the market manipulation that FORMED IT! That is not a left shoulder it was someone who sold off 5000 bitcoin around May 16th to May 17th in an attempt to manipulate the market where shortly afterwards people bought the dip rather quickly because they KNEW and understood to buy those dips that quick. Don't get fooled by thinking this is a H&S pattern and be left out.
Imagine it for yourself remove the market manipulation and what does the chart / pattern look like now? YEAH, exactly! It's not H&S pattern. Just hope nobody gets left out and thought it was important to share this because a lot of people miss little details like that! WHALES are patient they set it up like a poker hand, and a lot of people are getting played right now. Don't get played for a potential short when it's not a short hand right now. I've give you the facts, and showed you first hand why it's not a H&S pattern. Don't be fooled. This is exactly what whales want... they want you to think it is a H&S pattern so you go short while they do the opposite and profit.
Of course don't use my advice for trading, and only trade what you are willing to lose. This is for my own purposes to learn and become a better trader at posting my thoughts and seeing a record of when I was wrong or right to become a better trader overall. Thanks for taking a look and read I appreciate the support! Wish everybody to have happy trades.
HERE IS WHAT WILL HAPPEN WITH BITCOINS PARABOLIC TREND!Bitcoin is in an obvious state. This is a parabolic uptrend, and we will soon be testing those higher resistance levels, but as in my other posts currently we are in a TINY bear down trend because we went up so fast we need to correct. Strongly think we will potentially bounce off of the 7200-7500 zone, but it is definitely possible to fall even below that into the 6000-6200 range. After which we will see a definite rally upwards because overall we are bullish at the moment. The volume is meh, but it will come very soon with October approaching sooner and sooner the FOMO becomes more of a reality. People don't FOMO ON October.. it's always before hence FOMO. Which is why we will definitely see that price go up before October and there is nothing that can stop that uptrend from happening.
Buy dips and accumulate because this is going to be an insane ride.
eos/usdt will go down from here !hello friends! according to my analysis eos/usdt will go down from here because it is at strong reisistance, parabolic support have been broke , divergence made with rsi . just wait for a good bearish candle and close buy position or take short position .
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disclaimer : I could be wrong please take trade at your own risk .
BTCUSD - Sheer Parabolic Madness. End Near?Personally, I've never participated in a parabolic move like this. As a student of Volatility Theory, my desire here is to analyze this move in shotgun marriage style with what limited information obtained about parabolic curves.
Admittedly, a few previous posts were not taken seriously by myself. In an effort to ameliorate and elaborate the analysis, I'd like to bring in a few notable points from Volatility Theory that leans on the usage Bollinger Bands and Distribution sets for a more tempered assessment of this absurd experience and moment in time.
Just the points though. If you'd like to learn about Volatility Theory, I'll post a link below. Great group of folks there and on SharkCharts.live. Special thanks for all the ideas floating around from the insightful minds there - especially DadShark, ACATwithcharts, and the many members.
Quick Legend :
BB = Bollinger Bands
StdDev = Standard Deviation
LOXP = Longest OverExpanded Period
Notable Points :
The origins of this parabolic move can be traced back to December (though it was unrevealed at that point for obvious reasons)
Price Action moved inside the 50 Weekly Distribution Set (350 BB on the Daily)
The present LOXP on the Daily is 70 and it's clearly trending above that after this 4th base
Moves like these seem to have 4 bases of contact on the arc/curve which appear satisfied in this analysis
What information I have found through simple search suggests that this post 4th move could be the last neck of this leg.
The top of this move is not yet known, so the parallel channel here is a projection
The top of the parallel channel has been generously assigned to the 1.25 StdDev Upper Band of the 50 Weekly Moving Average
The angle of the curve seems to direct itself quite nicely to the Upper Band of the 50 Weekly Bands @ 1.25 StdDev
There is a heavy order block in the same area that would constitute a top, though likely only mildly important with this euphoric move
A break of the channel 'mean' could be a good indication that this move is coming to an end
Projected and evidence based retrace from moves like these are anywhere from 62% - 79%, and have heard 50% retrace is a bit lower of a probability yet not out of the question.
The Daily LOXP Mean (70 @ 1.25 StdDev) is going to be traveling up to meet price, which may place it in the 50 - 62% area before all is said and done.
The 50 Weekly Moving Average is also starting to settle right around that 50% retrace value
Price generally trades to the mean (which it has already done) and laterally as defined by the same distribution set once it breaks inside, as it has here - (a break inside is a crossing of the 1.25 StdDev of the 50 Weekly BB or any distribution set for that matter).
Is it unlikely that we break the 50 Weekly 1.25 Upper Band? I think, no. It's entirely possible. I think for this trend to continue on a healthy path, a correction inside this 50 Weekly Band is probable and necessary.
This smaller distribution set has turned into a much larger distribution set, which is equivalent to turning off the road. The road does not go this way, as the upper slope of probability is downwards, not upwards (Mark Whistlers analogy, "Why do retail traders attempt to turn off the road with trading") - meaning, we're slightly against the grain here.
Again, I'm merely a student of the charts. If you know something about parabolic moves, please share. This idea is as wild as this price action but it has been quite an experience.
Good luck traders, may you find yourself on the profitable side of it!
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Reading: Mark Whistler - Volatility Illuminated
$XBT parabola and Current Situation. Here I am just marking supports and resistances for the Bitcoin Chart.
Last Idea of ours showed a major resistance which $BTC crossed and should be acting like Support now (S/R flip).
Unless the new volume comes in we'd see a correction soon .
Consensus is coming and so I am expecting some Alt runs. A lot of them making Rev H&S pattern.
Next big resistance is 69xx - 73xx, If Bitcoin reaches there, I'd expect a pullback. But to reach there we will need new volume. So team parabola, this is a chart for you using a parabolic support as well.
