Parabolic Setup on the Mining JuniorsThis is a very asymmetric trade setup with nearly blue skies to 100 if it can catch some momentum in the coming sessions.
We also have a nice little fractal that shows us the path upward, should we break 49.
I would not front-run this one and would wait for 50+ daily close before a serious entry. With this level of confirmation in pocket, I'll be taking a rather aggressive stance.
Its a clear magnet-move to 100 - if for no other reason than it being one of the only decent plays available.
=PigMagnet
AMEX:GDXJ
TVC:GOLD
TVC:SILVER
MCX:GOLD1!
MCX:SILVER1!
ASX:GOLD
AMEX:GDX
NYSE:GOLD
Parabolicmove
Parabolic PauseThese are runs for Mastercard and Microsoft
Both of them are massive parabolas
During times of intense bull markets, price has to pull back occasionally and this is what we get.
These pause are often sharp/rounded and quick down moves followed by a quick reversal
It is very surprising how far these parabolic structures can grow
Monthly and Weekly timeframe respectively
Daily Short Parabolic Stock Ideas for my followers!! Follow Me I decided to start this new format to take advantage of short opportunities that arise when a week stock has gone parabolic.
I have some criteria to sift through opportunities and choose the best:
1) The company is relatively unknown (normally belongs to the OTC market) and financially weak (medical companies normally satisfy these criteria)
2) The company has been on a long downtrend
3) The company has made a large move to the upside (greater or equal to 15%; NEVER SPECULATE ON A COMPANY THAT HAS RISEN LESS THAN THAT IN FIRST DAY OF EXPLOSION). Also consider that the green explosion has to be from a relatively full green candle.
4) Before the upside movement, the chart should have formed a falling wedge (which it has broken after the first great upward movement)
5) After several days, an inversion pattern should form (most usually a double top) and that pattern can be used to short the stock according to standard rules
Short stocks to keep an eye on for short opportunities:
1) KALA
2) KAVL
3) COE
4) LBPS
This is happen 🐻📉📈🐂😎I am always bullish in bitcoin because of this 🚀🤙....you just accumulate more & more & you always become's super rich ...so don't panic if btc crash 90% it's just crash 😌🔻not end ! ... 10000% I am sure btc take parabolic after this is happen 💥🤛 so get ready ( & follow for more 🤝 )
SANDUSDT next leg of parabolic move up?Can SAND continue it's parabolic run?
With monster gains since October we can break the movements of SAND down into 2 cycles of 3 phases - and if history repeats (or rhymes) it would lead us up, up and away.
This one's just for fun but anything is possible in a parabolic move up like this, often a sharp move down is just the buying pressure taking a breather before resuming.
This is not financial advice, you're responsible for your own trading decisions.
Leave a like and follow for more!
CTXC ready parabolic move?CtXc the and only decentralized blockchain platform that supports Artificial Intelligence (AI) models to be uploaded and executed on the distributed network
TESLA - Steadily declining volume in the rally (NOT a good sign)Among my friends and acquaintances, I have been known as a Tesla perma-bull for years. So far, this has been quite a comfortable position. Today, however, I noticed something in Tesla's macro chart that has me a bit worried. On the one hand, my Parabolic Exhaustion Indicator hit the alarm at the high in both the Daily and Weekly. This alone indicates with increased probability at least a temporary correction. But what I consider more dangerous is that the rally since March 2020 (70 USD to over 1200 USD) has taken place under steadily declining volume. As early as the 19th century, Charles Dow established the theorem in his Dow Theory that a trend should be confirmed by rising volume.
I will not switch from the bull to the bear camp now - I personally would not short Tesla. However, I am now much more cautious with new positions in the stock. The danger of a selling cascade is given.
What also makes me question the sustainability of further rising prices, is the absolutely no more increaseable hype around Tesla and Elon Musk in the social media. Who is still buying? Are not ALL long Tesla already? Many with a larger position size than they should? Tesla stock is highly emotional, and that in itself already carries an increased risk for high volatility.
At least something to think about, despite all the bright visions of EVs, autonomous driving, robo taxis, turning the energy market around, etc. and the fantastic execution.
TRON probably started its parabolic really Now!!Technical analysis: #TRON (Daily update)
* TRXUSDT is already BREAKOUT the downtrend and retested is also done, the beginning of an uptrend is expected from here.
*The price is trading ABOVE both MA's (50- MA and 21 MA) as well as trend line ,
* LOOK too bullish when ever its trade above the both MA's as well as downtrend but need to break the rising wage pattern to take parabolic raid.
* RSI above the 53 that's means bulls are upper hand and already breakout its resistance, it will take momentum from here..
Take Profits,
TP1= @ $0.18124
TP2= @ $0.24563
TP3= @ $0.39360
TP4= @ $0.52585
TP5= @ $0.60689
next to the moon lol
SL=close BELOW $0.082 on daily bases.
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#TRON #CRYPTO #BULLISHRUN #ALTCOIN #UPTREND
LUNA HUGE PARABOLIC MOVE IDEA!LUNA is such a great project and has such a good ecosystem with mass adoption.
Based on the LUNA CHANNEL and EXPONENTIAL growth it could reach $600-900 with a blow off top at 2.272.
Any project with network affect has huge growth potential and I believe this is so undervalued.
NFA!
BCH ready to blast, probably parabolic really coming soon!! Technical analysis: #BitcoinCash (Daily update)
. Symmetrical Triangle Upside Breakout ✅
. BTCUSDT is breakout confirmation done as well as trading above the both MA's (21 & 50-
Day MA), and the beginning of parabolic uptrend is expected.
. The RSI is also TRYING to breakout its downtrend, if it could happen which give momentum bch from here.
. Golden cross could happen very soon that's means bulls are in full control the market.
Take Profits:
TP1= @ $809.5
TP2= @ $1176.4
TP3= @ $1649.6
TP4= @ $2282 and then it could really more then $5000
SL= below 500 usdt on daily closed bases
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#bitcoincash #crypto #nextmove #bullmarket #dailyclosed
XMRUSDT wants to retest the 0.618 Fibonacci level 🦐XMRUSDT wants to retest the 0.618 Fibonacci level. Now the price is testing the parabolic trendline. According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Update on Apr.2 idea: "Soon it will be Litecoin's time to shine"Check out my original idea here:
From previous idea:
My targets for Litecoin valuation in USD are based on FIB levels, and are done by comparing current fib extensions of both BTCUSD and LTCUSD to fib extensions in previous bull cycles. The LTC/ BTC chart also suggests these price targets.
In my opinion, LTCUSD might go above my marked targets if this move doesn't happen soon. The longer BTC keeps going higher while leaving LTC behind, the higher the price of LTC can go.
LTCUSD usually outperforms Bitcoin and makes parabolic moves in the last 2W candle of the bull cycle. I am suspecting we might have our top soon, and the LTC/ BTC price chart seems to agree with this. It is possible we go a little lower, but I think we are already in the beginning of the last phase of this cycle.
There is a chance that we reach my main targets next week, IF we manage to break ATH soon.
Though, I think it is more likely we get another pullback. Either a small one where we will trade sideways below ATH, that last for 5-12 days, OR we get a sharp but quick pullback to shake out over-leveraged traders. Therefore, you probably should not increase your margin. Watch liq price, or monitor closely with stop loss.
Anyways, this trade has been very lucrative, and we still haven't had the real breakout yet. Once we get into price discovery phase - The 12h candles will look absolutely crazy. Remember to take your profits along the way. You might get a euphoric feeling and want to keep your position longer and longer, as it will seem there is no stopping the growth. DO NOT fall into this trap. We are already greedy with this trade, so remember to take your profits, and dont let yourself get too greedy and end up getting rekt.
If you went long with me sub 200, I would probably at least take a little bit profit around 450-500 level, just in case the rocket gets smashed down earlier than we expect.
Next price level I will take profit at is 600-635 area. At this point one should have taken enough profit that no matter what happens, one is still in profit.
Next price levels we should pay attention to ( potential profit taking ), are:
700-720 area and 870-900. The last target is right below the 4.236 fib extension (which lays at approx 1020usd), although at this point I should have exited, if not all, almost all of my position already. I would be surprised if we overshoot 1000USD by a lot with this next leg up.
KEEP AN EYE ON THE LTC/BTC CHART! This will be one of the important determining factors in which price target we are going to. IF BTC/USD stays at this price level, while LTC/USD keeps climbing, I HIGHLY DOUBT we will reach the highest targets. In this case it is smarter to sell a bigger portion of the position in the lower LTC/USD targets. If BTC/USD suddenly starts rallying soon, it will give more room for LTC/USD to grow.
I have added some dotted lines of potential important levels.
Good luck :)!
Not financial advice. I am not responsible for anyone else action. Do your own research.
Like this idea if you found it interesting, and please check out some of my other ideas.
The Anatomy of a Parabolic TrendIn this educational idea I will explain the characteristics of a Curved Parabolic Trend using the chart of BNB:USDT (Binance Coin: US Dollar Token).
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What is a parabolic curve in a uptrend?
The parabolic curve chart pattern is one of the strongest uptrend patterns a financial asset can have. This type of pattern moves upwards at the fastest and furthest rate of any chart pattern. Each retracement or consolidation is quickly bought up by eager investors as more and more money flows into the market due to excitement.
The parabolic curve is named after the parabola, because the ascending curving trend line used to identify the potential support area looks like a parabola:
en.wikipedia.org
In a Bullish Market Parabolic Trends can often form the smaller timeframe trends making up larger timeframe swings. This pattern creates short term price range bases which are Reaccumulation Phases as described below. These accumulation ranges can form multiple times as it the price keeps going higher.
The price action pattern that creates the parabolic curve looks like a staircase. This pattern can last for weeks or months. The maximum point of financial risk comes in at the end of the formation after the final movement is negated and the price fails to hold the obvious Curved Structure. This usually ends in a price plunge that falls even faster than the price rose initially.
These patterns generally occur on financial assets that are market leaders or up and coming and emerging technologies or products in its sector. One important thing to note when identifying a Parabolic Trend is that the price may go much further then people anticipate leading to sellers rebuying their asset they sold initially due to "FOMO" Fear Of Missing Out, leading to the price to "Stair Step" higher and higher as more and more sellers are squeezed out of the Market, until eventually they regain control and the trend is lost.
The key in trading a parabolic trend is to treat it like a investment, identifying the trend and buying early, capturing as much of the move to the upside as possible until the trend is finally over.
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See idea linked below: "Market Cycles & Phases" to understand the topic of trend further.