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...
First off, I'd like to shout out a fellow trading view analyst @filbfilb who predicted with high accuracy a $20,000 top and a regression to the mean of $3,000 in December of 2017 by using a similar style chart of analyzing a parabolic curve on Bitcoin.
I'm taking his concept and applying it to the current trend and 2019.
There are so many macroeconomic events...
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......
What is Parabolic Move?
In purely mathematical terms, a parabolic move is an exponential rise. Parabolic Curve chart patterns are generated when steep rise in prices are caused by irrational buying and intense speculation. Parabolic curve patterns are rare but they are reliable and are generated in mega bull trends. These patterns trend gradually making higher...
Had some concerns at the end of 2018, but it tweezed and stayed above the curve in black. Following, it executed a perfect bull flag right to 100% of the pole length. I'm suspecting we may have another one of these, and it could be parabolic this time all the way to 340. Expecting some correction in the flag until at least February or so of next year until we hit...
Hello Traders !
Quick Update on Bitcoin!
What a move for BTC from its critical support zone (noted on previous chart)! Price is now trading around major resistance; will a correction be more probable from here or a continuation of the parabolic trend?
Points to consider
- Trend still parabolic
- Testing major structural resistance
- Local resistance at .236...
Price just reached 4 stage of a parabolic movement at 4hs Chart. Besides, it was stopped of a Chuvashov Fork Line comming from past and from 1D Chart.
Every Colored line is an indicator for parabolic movement. When one of the lines are broken, the one before serves as support line.
Probably would try to go back to supply zone before breakout and...
As you can see on the chart Bitcoin has been in a monthly parabolic curve since 2013. This months candle is testing the trend and the close will tell are we going up or finally break the six year curve. Let me know your thoughts!
Some thoughts and highlighted trendlines regarding Bitcoin Cash's quiet sideways movement, perhaps we'll see some movement from alts into 2020 now that attention is on Bitcoin. We have a head and shoulders possibility here to send us down, but I think that is already invalidated. H&S usually don't hold much weight in crypto.
Keep an eye on it!
Very particular this pattern in which the price has been bouncing perfectly for 6 and a half years on the parabolic support and is in the theoretical final phase before any breakout of the resistance that lasts a long time.
We set the alerts and wait.
Gold looks to be forming a beautiful cup and handle. The 1915 level will be a critical point for GOLD breaking above this level could lead to a parabolic curve in gold similar to that of BTC.
My outlook remains long term bullish for gold just remain with low leverage buys as we could see some pullbacks from current levels.