Parabolic trend in BitcoinIs there a longer-term parabolic trend in bitcoin? If so, we ought to be able to see some evidence for a series of tangents that can inform the construction of an concave-upwards parabola.
This chart uses the regression lines to construct those tangents, and incorporates the recent price correction by way of a tangent line that serves to flatten the implied parabola.
Parabolic
TRON 400-700% RETURN GAINS NEXT FEW DAYS, AS MENTIONED BEFORE.BINANCE:TRXBTC
with all the fake news fabricated through American news media i.e. CNBC, FOX AND MORE. the news was discovered to be false.
increasing the trust in crypto once gain, after news has been removed from the mainstream tube.
partnership news starts to get released as soon as the storm is over, now on a clear path to a full 400% break out as stated before.
these numbers may see incredible but anything is possible in crypto.
this signal was given days ago on my channel.
god bless and thank you for following me.
BTCUSD - Parabolic Move and What Comes NextWe can see that the wick touched the 0.786 retracement level which is in confluence of 20 period moving average.
But then the candle went back up again and is sitting pretty above fibonacci retracement level 0.618.
If it closes below the 0.618 level, see you in 8k.
If we close the weekly candle like this, parabolic is still intact and we can easily see 25k in the next few weeks.
Apparently, the recent dip was caused by the BTC Futures contracts expiring that's why there has been a sell off.
BUT
What I'm really worried about is the MACD. It's so steep and it's on the verge of diverging into bearish territory.
At this point, traders must be cautious and set tight stop loss.
RSI must not go below support which is 54, otherwise, parabolic ends and that's where doomsday begins.
Good luck!
Parabolic trend on logarithmic scale and Jan Dump 2018Starting with 2014 on the logarithmic chart we can see the cycles BTC had from DUMP to DUMP.
The cycle is getting shorter starting with March 2017. If we measure from the starting of the movement till the bottom we see that at the moment the drop is ~41%. Although the last drops were around ~32.9% average this time we surpassed this with ease, but still we are not near the drop levels we can see in August - September 2015 - 46.75% or January 2015 - 45.24%. We could actually see another mini drop here.
I believe this time the fall was accentuated by more FUD than usual and also by the euphoria in Q3 and Q4 that pushed bitcoin higher than it was needed. Bitcoin and Crypto are becoming mainstream, this means more click bait and less good information that you can base your decisions on. Yesterday was like the pinnacle of this.
Also when a glimpse of hope appeared wave 2 of bad news appeared. Bitconect fall. Some of us understand that it was a ponzi since the beginning but a lot of uneducated people are losing faith fast in crypto because them, or their friends, lost their money in the Bitconnect fiasco.
I believe last night CNBC was actually recommending Tether as a good investment. You can say what you want about Tethers. I believe they are beautifully ugly but they come and will come to save the day until parts of this ecosystem or all of it will be regulated and mass adoption will be here. Everybody should freak out if tether.to is raided and closed. We will probably see a 60-70% drop in 30 minutes or 1 hour.
More will follow and as the market goes through it’s almost natural cycle more news well synchronize with it’s BHLD Pattern. Peter Brandt has a great chart on this pattern twitter.com
We need less scams, more good UX and technology to make this fly more securely. Also every time you feel this technology is a bubble, never forget Facebook is worth 518 billions :)
Bitcoin parabolic reboundBitcoin is under a lot of FUD, panic selling from noobs who did not study the tech and FOMO'ed in. The dip is strong, the sentiment is bearish. Remember, sentiment turns even faster then price. Big bankers and government use those dips to their advantage: they attack bitcoin, making it hard on uninformed brains.
The tech is robust. It's here to stay! go back to last years, this period of the year is historically the worst.
See here in perspective:
gyazo.com
Parabolic support is strong. It is highely unlikely that it breaks. Interest for crypto and blockchain has never been that high. As people realise what the tech is capable of, bitcoin will be sitting on new all time highs, as solid as ever!
Use your time wisely: study the tech, understand it, understand alternative use cases: you will have strong hands among the strongest ones.
Stay safe fam, BTFD!
I'm just here for the parabolas.Im pretty grossed out by what this market has become lately. Everything is so stupid, everybody is talking about it, Kodak has a scam miner, companies add blockchain to their name and it pumps, KFC has bitcoin buckets. I watched my friends and others disregard my interest and do no research from 200$ to 10k$ and then start throwing money at it, having still done no research, when it hit 15k. The idea that they get to be rewarded for that is why I am very skeptical of an immediate bullish continuation. I am open to it of course but all of this parabolic talk seems like the kind of thing I've been expecting to have to contend with at an actual top. I've expected complacency to come with the most bullish expectations to date, (straight to 100K!). Parabolic, just like Amazon, unprecedented network will have unprecedented behaviors and unprecedented access to the world. Well there actually is a precedent worth noting, it happened in April 2013. But this is a different market now! Maybe... I guess we'll find out and this chart can serve as a measure of just how different the market is now. We're all gonna be rich!...........................
The proportions are very similar relative to the main upper trendline, both as an extension for the trendline break and as a fib measurement of the whole move. Had I been paying better attention to this chart I might have gotten a better exit than I did. Been watching it for a long time. I bailed at 16k and fumbled some coins around in the chop for a while but I've booked my gains for this rally. I'm open to this going higher here but that would mean I have to take the same investment position as people who have no idea what this shit even is.
Here is a zoomed out version:
I put neutral because I honestly don't know or want to act like I do. I just know that bitcoin punishes hard.
EOS long - parabolic channel - spittled in two with support I believe there are two scenarios, either it stays for another two days in the upper part of the channel or falls slowly trough fibonacci levels till the second support. It can touch the lower purple bottom channel just in case of another big FUD - exchange related, political or bitcoin/ethereum FUDs.
Really noob at charting and lets say TA. Any mistake you see, opinion or idea is appreciated as I could improve my skills.
LTC $695 - Parabolic Break Out - Last Chance For Discount PricesLTC has formed the strongest and most assured breakout pattern - the Parabolic Breakout and Symmetrical Triangle - with a breakout target of $600. This parabolic breakout pattern represents some of the largest gains possible.
A successful breakout is almost guaranteed - failure is rare and most often occurs between 50% and 75% into the contracting wedge.
According to Elliot Wave Theory we should see a bullish upward breakout with this pattern
Its been a long bumpy ride but at this point the weak holders are finishing up selling and, we have gathered the accumulation and interest for the next leg. Dip buyers will rush to the market while the price is cheap and there should be a massive increase in volume on the breakout.
We will be looking for a drop in volume and will be guided by the moving averages.
Dip buyers can get start getting now while the price is cheap.
Breakout buyers can wait for confirmation by verifying volume or a price spike (say 3%) after breaking the upper resistance line which is currently trending downward from the upper 280s as the approach toward the apex nears.
Break out target is set by measuring distance of the widest part of the triangle, which will different by exchange.
Bit stamp had a high of 375 was which time the lower resistance line was 162 which gives a triangle height of 213 when added to the previous 375 high gives a target of 588.
Coinbase/GDAX has a high of 420 at which time the lower resistance was around 145 giving a breakout target of 275 above the previous 420 high to a target of 695.
More details on the pattern here: ibankcoin.com
Details on picking a price target: stockcharts.com
For LTC BTC tradders, a parabolic breakout pattern has formed as well but not as strong as this one but a substantial gain against BTC is expected.
START COIN SHOWING STRONG BULL ACTIONStart coin is showing massive strength on the up trend. at under 2500 stats this coin is ready to move up and break out to new highs.
BUY UNDER 2300- CUT LOSS 1900 - SELL AFTER FOMO ;D BITTREX:STARTBTC
Bitcoin maintaining parabolic trend along with a bullish pennantBitcoin has been forming increasingly steep trend channels, producing it's parabolic ascension in price. It show's no sign yet of breaking this ascending curve pattern. It is now forming a bullish pennant pattern after retracing 61.8% on it's last impulsive move. I would expect Bitcoin price to break up out of this pattern and continue to trend up in it's latest channel.
If it were to break down further, it would need to find support on top of the previous resistance of channel 2, indicated in blue, in order to preserve it's parabolic market structure. If it breaks below, back into the previous trend channel, we'll need to reassess the parabolic curve.
ETH prices about to CRASH!!!Over the past few weeks, we have seen the price of ETH go parabolic. Anytime the price goes parabolic, the price will always experience a substantial correction. The question is not whether it will crash - it definitely will crash - but when is the peak. There are several signs that this is the top.
1. Bearish Divergence on MACD and RSI
The prices are rising higher, but the histogram and the RSI fail to increase. This means the trend is losing momentum; the price just isn't increasing as fast previous upticks (when you zoom in and look at the last 20 or so candles). It could indicate that there isn't enough future buyers to sustain the same price growth. And without enough buyers, the price plummets.
2. Rising Wedge Forming
In the last day and a half, the price has been forming a rising wedge. The prices seem to be squeezed in an upward triangle (purple lines). Although the prices are rising, the resistance line is rising slower than the support line, indicating that the bulls are struggling to push the price higher since the prices are climbing slower and slower. The bears have shown strong resistance and will soon take over once the support line breaks.
3. 5 Elliott Waves completed
Uptrends tend to travel upwards in 5 waves. 3 of the waves go up (impulse wave), and 2 of the waves go down (corrective wave). Waves 1, 3, and 5 are impulse waves, while waves 2 and 4 are corrective waves. Each impulse wave can be divided into 5 subwaves. After the five waves a correction occurs, the price usually retraces between 38.2% to 61.8% of the 5 waves combined. The percentages come from Fibonacci ratios that commonly occur in nature (and in the prices).
I have drawn out the Elliott Waves, and ETH just completed or is almost done the five waves. Note that subwave 3 was extended.That means we will retrace 38.2% to 61.8% or down to the $650 to $950 range.
We have also completed the 5 sub-subwaves within the 5 subwave.
What if this analysis is wrong?
We are never certain in trading, and I could wrong. Perhaps, Ethereum will experience only a minuscule correction before skyrocketing to the moon. It may develop an extended fifth wave. That is why I set stop losses. However, with these signs, I think that a crash is the most probable course of action. In trading, we trade based on probability, not certainty. Most similar setups in the past have led to a crash. *cough* Bitcoin to $20,000 *cough* Litecoin to $330 *cough*
Conclusion
A temporary top for Ethereum is definitely near. If Ethereum doesn't drop within the next day or so, it will eventually collaspe in the following days. The price has simply gone up too quickly too fast. It's better to not be greedy and buy back during the dips.
For daring and adventurous traders, I have outlined a short setup with the target and the stop. Please note that this is very risky as we are still in the uptrend for the time being.
SYS holds potential for explosive parabolic gainI have been watching SYS for nearly a year, assessing its technicals and fundamentals. The iron is hot.
Chart shows many chances for notable gains provided to traders through 2017. For long term investors, it has been, and continues to be a lucrative hold. Current technicals and fundamentals look positive.
Technicals
The red resistance line established through 2017 has been broken as of late December
A convergence of support exists at current level
Marked increase in volume average
When BTC began its new rise early October, SYS demonstrated resilience beyond many other cryptos (but of course continued to display its own kind of inherent volatility). It finally gave-in a bit in early December during BTC's parabolic move, but not for long at all. It began a reversal ~Dec 14th which broke long term resistance.
Target: 22k sats
Fundamentals
Syscoin project has been in existence since 2014, has a well-established development team. Their product is functioning, and is updated and expanded regularly. They have a good history of delivering on their roadmap, including the first functioning decentralized marketplace entirely on blockchain.
Upcoming deliverables include:
Masternodes: Ability for transactions-per-second performance to scale-out with added nodes (theoretically 100k TPS per 1000 Masternodes, 300k/3k masternodes, etc). Return on investment is promising. In later releases, masternodes will also process smart contracts and facilitate sharded+encrypted offchain file-storage (with onchain anchors), among other touted functionality. They should also result in steadying the price movements - less volatility during sideways times as holding will be incentivized.
Blockmarket Web: This brings their existing decentralized marketplace to the web, enabling ease of use without downloading a wallet or waiting for sync.
Anonymous transactions: via mixing/shuffling at user-specified denomination. Afterwards, additional tech will be added in near future which will further compound the degree of anonymity provided.
Integrated crypto exchange utilizing Flypme and Changelly (Exchange back and forth between 20+ cryptos, including SYS, directly within wallet)
Instant Send: Send and receive transactions instantly. Similar sending capability as DASH, but a step beyond: A type of backend node locking will allow an instantly received sum to be sent immediately, without delay, and without network risk of double-spend.
Rebranding currently underway, and the promise of a significant marketing campaign to be launched leading up to Core 2 release.
Over 1 million SKUs to be added to Blockmarket through their Merchant Pilot Program (NDAs in place as to who these merchants are).
Ethereum Virtual Machine: Will run ethereum contracts much cheaper and faster at a fraction of the Ethereum gas price.
Syscoin's parent company, Blockchain Foundry, plans to soon go public as an IPO on a Canadian stock exchange. The company objective is to promote full use of Syscoin as a DApp platform by providing blockchain solutions to businesses, organizations and institutions. As such, the Syscoin team tends to avoid hype or other questionable activity common in this market, because they must pass a certain level of scrutiny to be accepted on a Canadian stock exchange.
I could actually add more points to the fundamentals, but I'm tired.... anyway, the fundamentals are good as you can see.
Enjoy, and trade/invest responsibly! You are responsible for your own trading decisions!
What if...?I will stop doing proper TA until this bull run is over...I mean really over coz we've been mislead looking short term and comparing to actual crypto global market cap but we know the big monies justed got started flowing in. leaving a lot of potantial for this market cap to grow.
Now if you check LTC and ETH biggest bull run in 2017 you will notice price multiplied by +/-60 in 2/3 months depends where you take it from... Here is what happens should we apply it to XRP... and it is not that crazy as some would believe. Food for thoughts
EOS breakout upcoming!EOS is backed by some good technology and thus has huge potential for the future. Today I'm looking at short and long term. What you can see, is that both short and long term are looking great. Nice triangle on short term, backed with a very strong parabolic support line on the long term. I will keep you up to date for price target.
Humaniq 28-12-2018: Parabolic growth curveI dont know much about this coin fundamentally and Bitcoin seems to be very weak right now as every possible pattern it can make will end up being bearish this and next week.
Alts will drop if BTC drops or if it moons, so ur better of not holding any alt coins. HOWEVER I wouldnt sell HMQ right away, stop loss it beneath support but dont sell it yet.
Base 4 and the upper target (Base 5) arent there yet.
Take every alt coin prediction with a grain of salt next week.
BTC Parabolic realized with Sinus Function Midtime Target 7000$Idea from Peter Brandt, the Bitcoin -1.05% (BTC/XBT) is rising in parabolic function, so i try to use the sinus function and fit the parabolic gradient to the chart.
Maybe this Experiment works, otherwise i have hopefully found a way to save my chart´s in public without to must buy the Pro Version of Tradingview.
@Tradingview Creator, maybe it is possible to sell in the future a student version, would be great.
Every feedback is welcome, i see every advice as a possibility to get better.
Twitter:
Dipl_Ing2k17
PeterLBrandt
₿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