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Parabolic

GOLD UPDATE 27-12-18Gold still manages to push further up. This is most likely due to the heavy volatility and uncertainty around the indices. Right now Gold is touching long term trend support that turned into a resistance after we broke it earlier this year. Next to that, the price has been moving up in a curve like structure which is never a sustainable move for the long term. Next to that, RSI is starting to near overbought areas and we are facing a very heavy resistance area soon. This resistance are is the area of bearish wave 2 that started at the previous interest hike of the FED. I would be very surprised to see this all break up. if it happens, it would be massive and we could be going to test 1300 again, even 1360 is possible then. For now I am bearish, I expect a bearish movement after we are reaching overbought prices and when the price reaches the heavy resistances that lie ahead. From there a move down to the parabolic support line where we go sideways up for some days. Eventually I expect a break of that parabolic support to continue for more down-movement.
TVC:GOLD
by Aurelius222
Trump-Bump CorrectionTrump's presidency was followed by a statistically significant increase in stock prices,(*) which climbed parabolically during anticipation of tax cuts and consequent economic stimulation. Even if Trump's agenda proves to stimulate the economy long-term, at this moment in time, and since February 2018, investors are less confident in their prior rosey economic forecasts and so prices are falling toward long-term 2009-2015 support, which held closer to real GDP growth. However well Trump's agenda fulfills its promises will determine which of these possible trajectories the future holds. (*) archive.is
DJ:DJILong
by iGoddard
New Call for the Bottom in BitcoinI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. For a variety of reasons I no longer believe that $2,718 will be the bottom of the 2018 Bitcoin’ bear market. I am now very confident that we will return to $1,000 before finding a bottom. That is due to Tyler Jenks’ hyperwave theory and the Point of Control on the Visible Range Volume Profile with > 2 year look back | Calling for $35 ETH before the end of 2018, however I do not believe that will be the bottom. Strongly expect ETH to return to single digits before the end of 2019. I thought that a breakdown from $6,000 to below $4,000 would cause capitulation and then I thought that support would be found slightly below $3,000. $2,718 to be exact. I was wrong. That definitely was not capitulation. Now I am very confident that we have a long way to go before find a bottom, falling to $2,718 would definitely not be enough. However I want to be very clear about the following: A return to phase 1 is not my call for a bottom in Bitcoin', it is Tyler Jenks' call. He has been saying this loud and clear for a long time and he has been mostly speaking to a deaf / angry audience. He continues to be right at each step of the way, yet the large majority continue to doubt / ignore / troll him. Including me, until recently. "As a technical analyst I know that nothing is 100%. I am embarrassed to say that hyperwave is 100% in terms of when you break a phase 2 that you go all the way back down to the phase 1. In this case it's $1,000. I would love it if this was the first time ever, out of 100's of examples, that this is not true." -Tyler Jenks at 17:28 in the following video: www.youtube.com I know enough about hyperwaves to have confidence in a return to phase 1 above anything else. I'm not shorting at these prices, stay tuned for the daily update to learn why, however I am also no longer a buyer from $2,700 - $3,000. This is a very important distinction and the explanation mostly lies within the risk:reward implications. There is one more distinction that I would like to make: the difference between bitching out on a great entry that you have waiting patiently for and the times when new information is presented and adjustments should be made accordingly. I have been planning on buying my Bitcoin back once the price got below $3,000 for months (sold $11,000 & $7,000). Those months felt like years and I have the gray hairs to prove it. However I know that I need to adjust my plans based on new information and I am confident that it isn't due to giving into any FUD. The main reason I am confident about that is because I have fallen victim to fear, uncertainty and doubt one too many times and I know what it feels like. The bottom line is I don't really sense any of that now and that is the main reason I feel like we have a long way to go before capitulation. Okay, enough of my input. Watch Tyler Jenks podcast on Youtube. Register for his upcoming webinar on Saturday. Then register for his presentation on hyperwaves at Tone Vays' Unconfiscatable conference in Las Vegas. If you do the latter then I will even buy you a beer after it is over and we can talk about all of the money we are going to make!
BITSTAMP:BTCUSDShort
by Sawcruhteez
6
BTCUSD: Long Term Support — I Suspect We'll See Lower PricesIt's really easy to get caught up in lower timeframe price action, especially when things are looking bullish. I want to play devils advocate here and point out a long term support line (purple) nobody seems to be calling out. We haven't touched this long term support since May of 2017, and usually do after a parabolic advance is violated. The parabolic advance of the epic bull run of 2017 was violated in December, and we have yet to wick our purple long term support. Taking a macro view, I suspect we'll see lower lows within a couple months.
COINBASE:BTCUSD
by modestmouse
15
Parabolic Acceleration / CapitulationAfter we hit target perfectly yesterday, I decided to extend my "bottom" theory a bit. Yesterday was not violent enough, it was still tradable and simply didn´t feel like bottoming. So I tried to figure out what would feel like a bottom? A very violent parabolic drop. I assume it´s possible the last wave could be a wick and mark the end of the 2018 consolidation. Let´s see! You will know it´s bottom if you can´t manually trade anymore.
BITSTAMP:BTCUSDShort
by Gl4diator
1
ETHERIUM, LONG TERM GREAT BUYING OPPERTUNITY.Hello traders! What we are seeing currently in alts market is the last stage of "despair" forming. This means the best buying oppertunity for a long time is coming/has come. I am looking at Etherium and it's looking great for a long term buy in now. 85%+ correction from ATH looks like we are in the last stage before slowly starting a new CYCLE. What i recommend is to buy with NO MARGIN or LOW MARGIN if you know what you are doing. We could still go lower you never know but anything bellow 230 looks good for long term. You need to hold for month's/years. BUY IN BUY ZONE! BE PATIENT! Could give alot of profit (100x potential) but could also give 0 if Etherium dies, you decide if you want to enter or not.
BITFINEX:ETHUSDLong
by Nirland