Ethereum has broken it's parabolic advance and is now likely to complete an 80% or more decline. ETH's breakout looks similar to BTC's 2017 bubble pop (with the difference being that it did not reach a new all time high). To be clear, by an 80% decline, I mean an 80% decline of the advance, not an 80% drop in price.
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...
Hello everyone. I recommend to read part 1 of this analysis before continuing if you have not. If you a follower, then welcome back, and I just wanted to say thank you to my new followers as well who have been waiting for this one. To put it simply, my original EW count has been invalidated by this gruesome price action over the weekend where no doubt many stops...
Hello everyone, I'm back from my holiday! It's good to be back. I missed looking at the charts and making new analyses, but I did keep up with reading the news in the space. Let's get into the chart. What you are looking at is the log chart for chainlink on the 4 hour. This means that unlike the linear chart, it increases by orders of magnitude rather than 1...
Ethereum Classic follows the parabola quite nicely. I'm in :)
Looks a lot like a parabolic setup with 2 bases established and the 3rd in the making. A break lower than $9800 would possibly invalidate.
Parabolic advance likely to resume. You better stay around the corner. New highs for confirmation
BTCUSD is currently making the biggest decline of 2019, having pulled back by more than -25% since last week's High. Even though the 1W bullish trend is intact (RSI = 68.528, MACD = 1367.700), 1D neutral (RSI = 51.683) and about to turn bearish (Highs/Lows = -54.6254). A quick comparison of the current 1D parabola with the parabolic behavior of the previous...
A 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.
An excellent short entry at 9,500 with a stop loss of 1.5%. Take profit is the pink line. The profit ratio will slowly degrade, though the probability is decent.
- The .382 retrace from the major swing high to swing low is 25% to the upside. - Currently on a parabolic trajectory between the .236 and .382
I've tried to make this as visually comprehensible as possible by tracking each move, thus giving us a possibility of a third fractal playing out to end our parabolic run. As noted in the chart, we may not compete the entire fractal and end midway. Each fractal seems to exist within it's own channel before ascending out of it into a new one. That would make sense...
My take on Bitcoin parabolic trend. New all time high in 2019 is not a far fetched speculation now. I think the retracement levels will all be taken out violently.
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Hey Everyone, ETHEREUM seems to be in a sideways forever pattern but if we look Ethereum has out performed Bitcoin with a massive 240% profit compared to BTC 175% since our Parabolic rise started in December 2018. ETHEREUM has one more push here and then another correction and after that we should again have a strong push higher to $350 and beyond. If we also...
Based on the current momentum of the parabola, we should be at $20k by April 28th 2019, assuming we go back in time. If we do, that's great, everyone will be rich today assuming we go forward in time after we roll back. If we continue to go back in time, we could honestly be at $100k by December 17th 2017, back when BTC originally topped out at $20k. In all...
Triangle doens't act as a reversal pattern very often (It is a continuation pattern actually). I will not short it. Next stop is 10k from my perspective. Btc is 'stoping by' every accumulation point during 2017 parabolic advance.
Parabola not broken? Was messing around on stream and found a clean parabola that has yet to break. If broken Most parabolas retrace 50-60% which would give us this bounce zone around 5200-5800 which would also give big players the chance to trap a lot of bulls around the 6400 support zone. Not trading based on this chart, just something cool that i found.