The parabolic move is undoubtedly the most sought after pattern for traders and investors with huge upside in a short space of time with followed by a blow off top.
Typically there are several periods of consolidation or 'bases' which are established with increasing range between each of the moves.
The final phase is a usually the most violent in its upside ...
Main target 11.6k, short term target: 9.7k
The 9.7k target is a fibb resistance in combination of a wedge (yellow lines)
i think this is the end of the road for main wave 3 and we will enter a corective wave back to 8.5k
the 8.5k target is supported by a fibb line aswell if target 9.7k is met the 0.38 retracement would fit as a good support based on older tops and ...
Beginning on April 1, 2018, BTC began making higher lows from 6450 to 6617, 6661.19, 6806.01; then a “dump” to 6767.77 took it that day to the high of 8050, a move of 1282.23. from there it continued to make a higher low, and the high of 8392.56, what I have counted as the top of my Primary Wave 1, until falling to 7822- currently the lowest low since coming up ...
$BOOM DMC Global - finding possible resistance near $43.
Expecting a correction in the medium term, back to the mid-30s or lower.
See chart Fibonacci levels for possible targets.
$SPY $QQQ $DIA
This is my projection for bitcoin using the weekly chart of Bitstamp against USD. Curved parabola lines are derived from what we know until today. Future of course gives more data points and can update this overall. This scenario explains how McAfee may have come up with his idea of 1 million dollar bitcoin before 2020. This projection says it could be up to ...
When I see parabolic price action like Mastercard's weekly chart, I start thinking on how to structure a short because we all know parabolic price action always always ends in tears. It does help that MA is trading at....3.5x of its average 13-years P/B and has a...-0.25% real earnings yield (adjusted for US 10 T-bond). With MA implied vol trading at an elevated ...
Back in April I was talking about using the elevated volatility to buy some cheap July put spreads on MA with the recognition that we might be early to game. Well...there appears to be a double ABCD completion in progress and I am keeping my fingers & toes crossed. Just a reminder, not only is this an expensive stock, it is a parabolic price action. Hope ...
As you can see on the chart, this might be an obviously huge pattern we're following on the weekly candles. If we are following this pattern, currently we are in the beginning of the number 3 cycle on the chart. We haven't had the 2nd and 3rd cycles after the big parabolic rise to get into the huge crash in 2014 again yet, assuming we're following this ...
Just a quick overview of ETC
While 2018 has been a tough year so far for ETC, I believe we're developing a nice parabolic move in the near future.
Wave 1 retraced greatly, which signals to me that wave 3 will not retrace much. This is good news for people jumping in now, as it may just pull enough momentum to hit that all-time-high again.
I myself am not a ...
Well, TA is pretty much broken right now due to the huge vol of FOMO buyers. I've given up using RSI or any indicator but VOL indicators. We are headed for some very important levels I feel (11.3/11.8K).
Let's see if we can keep up this VOL.
Litecoin always a bit behind Bitcoin. I wonder about the ability of these curves based on past data to predict future. Just my fun idea about how LTC could move in the near future (and not investment advice of course). More use cases / network effect / adoption or conversely failure can of course change the shape of the future and these extrapolated curves. ...
![ETCBTC: ETC/BTC [ETHEREUM CLASSIC]: A BUMPY BUT PARABOLIC RIDE](https://s3.tradingview.com/l/LLYrX4Y9_mid.png "ETC/BTC [ETHEREUM CLASSIC]: A BUMPY BUT PARABOLIC RIDE")
