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 ...
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It seems NFLX has gone parabolic over these past few months and it's obvious that it should pull-back as it is overvalued. The reason it has gone so high is because it is in an Ending Diagonal within a Ending Diagonal, to make it even more confusing the bigger one is a variant of the Ending Diagonal called a "throw-over", they tend to trap bulls because they think ...
Ive been watching BCHSV closely and I belive that if broken, a broken parabolic movement could lead to a 30%-80% fall, and by analyzing Fib retracement it would take to the yellow line zones. If the bull movement persists we might see a new high.
After we hit target perfectly yesterday, I decided to extend my "bottom" theory a bit.
Yesterday was not violent enough, it was still tradable and simply didn´t feel like bottoming. So
I tried to figure out what would feel like a bottom? A very violent parabolic drop. I assume it´s possible
the last wave could be a wick and mark the end of the 2018 consolidation. ...
NOTE : Sorry I misplaced the trump's election in the timeline... Sorry about that little glitch !
Hope this idea will inspire some of you !
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spot in the green rectangle.
Weekly consolidation chart I expect upward movements in the next 2 weeks.
Possible swimg trade -Resgo Medium high
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Hi guys ! this is my monthly chart with DXY correlation and its pretty interesting and ofc is a big factor , remember you are trading BTC/USD or whatever currency in our country , but USD is the most important.
Watch close whats going on there guys , if dxy drops , btc go up , if dxy moons btc will drop and find consolidation and botton line hopefully :)
The chart pretty much explains itself. If the Turkish Central Bank can't interfere at the right time and place, we'll be seeing the Turkish Lira losing even more value and USD becoming equal to 8.70 Turkish Liras in December. Then we might see a retraction just like Bitcoin as the parabolic growth becomes unsustainable.