Bitcoin! 3 intersecting Parabolic Rises until $50k EOY?Hello everyone,
I've got my contrarian hat on today, inspired by my previous idea on Litecoin.
While everyone is expecting further retracement or re-accumulation phase for the coming months on Bitcoin, could this surprise all and continue it's parabolic rises?
We present the 3 parabolas (yellow, purple then blue) that we see playing out, IF our contrarian view holds.
You will notice how $BTC has been loving its 80-81% parabolic rises in each "step".
Are we THAT bullish going into EOY? $50k if so!
Please **do not trade based on this ** - this is a suggestion/idea based on a contrarian view that Bitcoin continues to be very bullish in Q3 and Q4 this year!
Cheers,
Leb Crypto
Parabolic
ETH/BTC and BTC/USD comparative analysis my forecastI guess Ethereum have atleast one shot against Bitcoin in next cycle.
best scenario if ETH/BTC reach my target ETH/USD 4.000 USD
other scenario is ETH/BTC reaches lower high and ETH/USD top at 1.000USD
wrost scenario is ETH goes all time low on ETH/BTC chart slowly.. and sideways around 300-400USD
Good Luck.
Bitcoin Update #06 - Bullish parabolic was finally broke?Throughout of history of the markets, the eight moving average always was indicative of the Bull Run strength, as we can observe at the traditional assets in tendency. The break of SMA (8) in heavily charts, such as the weekly chart usually is a source of concern for funds and professional traders of traditional markets and well structured, after a broke and confirmation of weakening of the Bulls, the Bear tends to size up the position of their shorts. So we had the candle (1) broked at the SMA(8), candle(2) being the confirmation of the breaking that could be done by a fortification candle of the Bears or a weak candle of the Bulls, so we have the candle (3) being the reaffirmation of the Bears supremacy at this movement ( impulsing candle) looking for a next floor at $7.500,00. We are possibly going to have two weeks of a lot of volatility at the Bitcoin.
HD(Home Depot): All parabolic movements must come to an end What goes up, must come down. While this is not always true in this world, it's much more likely than not that a parabolic movement will eventually see a sharp, then lengthy, dwindling correction before it continues upward. This may seem like a crazy chart, but there are some unavoidable signs that the housing market is slowing down. Some experts are now predicting we may see some recession in 2020. Home Depot is a leading indicator of the hosuing market dropping off. Looking at the facts, Home Depot has increased its value 1186% since the market crash in 2009. To assume there will be no correction for this parabolic move will be foolish. The question is, when, and at what price? I think we may be reaching a top, if we have not already around $219. RSI has been moving bearishly against the price action on the monthly chart and is now in a nuetral/bearish range for the first time in nearly a decade. As of now we are still producing higher highs, but we did show one lower low. I believe if the next upward movement doesn't show a higher high (above $219.30) we might be at the peak and ready for some correction. This could easily bring price all the way down to the .5 FIB of its parabolic movement, or around $118.
Am I suggesting you short Home Depot? Only if you're crazy. I like doing something out of the box once in a while though, so I'm going to play a small bag just for the sake of technical analysis.
We Just bounced off the previous ATH Picking up support were we did following the (Purple)Curve is a great sign. this could be a great time to buy if you haven’t already. theres not much resistance on the way up. RSI is low but volume says we have some time before the next big move. we should be looking at about a month of consolidation or retesting the support. Retesting this support agin anytime soon would not be a good sign at all IMO. It would be better if would went straight into a new bullish trend. only thing left to do is wait and see.
BTC still has a decent bullish structure but ...Hi everyone
While everyone is panicking, sometimes it's good to zoom-out and remind ourselfes that it's the bullishest asset in the world :)
If we break the blue supertrend after closing in daily, then I'll look very closely at the CTI (green/red) weekly if it will hold or not
Failing to hold the CTI will result in our dreams of lambo to be annihilated by Satoshi (= Craig Wright ? #joke) himself. Actually that' s where TA can kick-in... after a move up, I often aim for the zone between the 61.8 and 76.8 retrace level at least to buy back
When we'll hit it, your nocoiner neighnours and hyperwave favorite gurus will call for BTC to 1K and even to negative USD value (you'll have to give USD to Satoshi... true but sad story).
Not financial advice but it has often been profitable to counter trade bears during bull market (as far as I know, still backtesting the idea as we speak with my own account, will update when rekt but not likely to happen anytime soon :p)
Jokes apart, if we break the green CTI and hit my green rectangle, please wait for your own reversal signal before jumping back in.
The reason we don't like catching failing knifes is because ... it cuts and that's leaving us bleeding and... that's not nice.... We prefer seeing other bleed instead and fest on their fear and tears... right ?
I'll update this SWING idea if I get a bullish signal confirmation (my nice green diamonds and triangles on the chart) or if you should start considering telling your family there won't be any summer holidays this year.
Either way, I'll try to prevent us from being rekt (because TA works... sometimes)
Dave
No Bullish signal. Now its time for ALT coin. BTC might possibly go for sideways for couple of day and today will possibly close the DAY CANDLE at 11180 or below.
And the week candle will decide whether we have strength for run up.
we may just try scalping between $11500 - $11300 short but too risky with this uncertain situation because in longer term, to go upwards btc have to retrace 30%-40% and we may expect SEP 2019 $20 K. and in DEC 2019 $30K +
Bitcoin Rally is Over: Next Stop 5,363 USD, Then 30k USD!D4rkEnergY was the one calling the bottom at 3.2k! D4 also presented you for Evidence for the Bitcoin Parabolic Bull Run Already back in April and May. If you dont remember, then take a look here...
I even mentioned it in my interview with TradingView, which you can see in the Show-category. I also said we would go to 30k USD, and it will happen, but we need to take a detour first.
Bearish Signs
- The price structure is very bearish
- Bullish Volume is decreasing
- Bearish momentum is increasing
- MA20 about to cross MA10 on the Daily. Has already happened on ETH
- A lot of Longs, which means they are still in denial
- We are most likely on the C-Wave (Volume Distribution match this scenario)
Bullish Opportunities
-A Triangle ABCDE Pattern,or a combination WXY-pattern, but it seems more and more unlikely when we are dropping hard without any smaller correction to the upside.
- Whales and Exchanges are the bulls only hope.
What will happen now? -30K USD Incoming
Short term we will maybe go a bit hgher to around 12.2k, and then drop. We might also drop right away.
But dont worry, everything will be alright. Remember we came from 3.2k USD, so the chart looks overall very bullish still, and we will most likely go to 30k USD after hitting 5,363 USD which is equal to 78.6% Fibonacci Retracement.
The reason is simple. There are so much money in this business, that the rich, which are controlling the market, will not let BTC die. Whales and exchanges will keep pushing again to attract new retail investors and to create a new Bitcoin Hype so it will become Mainstream.
Just continue to follow D4, and I will help you make money!! And please SMASH that LIKE-Button, like a BOSS!
D4 Loves You <3
BITCOIN in a wedge up. Soon $1000 p/day?BITCOIN in a wedge up. Soon $1000 p .day?
Bitcoin is following this wedge so nicely. If we break above the recent top we can see another nice parabolic pump. Maybe up to 17k
This price can accumulate with $1000 pday again. All ALTS are bleeding now because of the BTC dominance. ALTS are getting chances soon but first
Bitcoin needs to reach a higer price.
If we fell out this wedge we can see a retest of te gap around 8500?!.
Share your idea please!
Please also dont forget to follow me and like this post if u agree.
Goodluck my bulltraders.
#BTC100k
BTCUSD is in an essential stage. The road is rocky - wear shoes!BTCUSD has broken out of the triangle formation while retesting the middle line of it and is now sitting on the neckline of the inverted head and shoulders chartpattern in the vicinity of the 1.6 Level at around 12000. This level will be eyed as a very importent key level by many of the professional traders. They will expect a break above and a clear retest of it for a bullish progression. A break below after a break above (candles have to close) will be considered as a bearish setup and traders will eye for a short opportunity.
Let us see where BTCUSD will go and we will follow it.
The targets for the h and s pattern is the height of the head and its middle line. Do not forget the 1.6 and the prior high as profit zones. Better be defensive since this stock can move very fast.
Please check out George Beaulieu on Youtube if you want to learn more about technical analysis.
smilingly
heish
Trading the Parabolic Curve PatternA stock moves parabolic at the end of extreme uptrends, and this pattern is seen when panic buying sets in and prices are driven almost to a vertical point. During a parabolic uptrend, there is a near-complete absence of sellers, which creates a vacuum that permits nothing else but buying activity. As prices rise, more buyers flock in. Fear is conveniently left behind as more traders rush into the trend just to get a piece of the action regardless of price. Moves that occur in parabolic fashion can make the largest price moves in the shortest amount of time, but are very dangerous places to enter long positions when the party is about to come to an end. When an asset moves parabolic, it often marks the end of a move with prices not returning to the ultimate highs again for a long time.
BITCOIN GOES ORBITAL: REVISED ESTIMATES - $50,000 IN 2 YEARSBased on recent price action and a clearer parabolic picture, I've revised my estimate upwards from $30,000 in two years to $50,000 in two years. Nothing in this post is a prediction.
Traders should be very very very careful with this instrument. High volatility is to be expected if it hits $15,000 or $18,000 - which could come by the end of the week.
I've not traded Bitcoin recently. It's one thing to speculate where price may be going, and quite another to put your real money on it! I wasn't going to take the risk. I'm not a gambler - end off.
Hats off to gamblers who made money. Enjoy. No - I'm not green at all. Yeah really!
FAT DISCLAIMER: This post is not intended to encourage anybody to buy Bitcoin or trade it. If you happen to be influenced and you invest or trade, your losses are your own. In other words, sue yourself if you lose your money!
Patch forming on the dailyAs expected we bounced of some fibs and then patch took control of the bulls.
Common to see a patch of this volume break to the upside
Still waiting to see how the rsi preforms under patch intimidation
Patea Maori Club indicator showing strong poi E
Here is my heart indicator showing strong levels of Jake and Beth Heke
The RSI indicating that Beauden Barrett is primed and ready to take off 2019 world cup
Use stop losses
Don't forget to take profits
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.