JMIA to $50 by February?JMIA is the amazon of Africa. I think we are going to see it go parabolic. Here is the daily. Leaps! jump in!
Parabolic
Overextended, due for a pullbackOverbought, at the top of the Bollinger bands, supported by the EMA cloud but likely to pull back to the 20MA, 50MA below that. Long on this stock but it is due for a pullback.
Parabolic Run Happening Now? 20K by Thanksgiving?Looks like another parabolic run is happening right now. BTC has the perfect storm of technicals and fundamentals to drive another patented BTC parabolic run. If it matches summer 2019 linear scale gains, and length of run.. BTC can reach 20k by Thanksgiving.
NIO is moving madBuy the Dip, that's if it even happens. The rising wedge looks promising, but a long call on NIO rn is solid.
LINKBTC BreakoutPossibility of LINKBTC breaking out through previous highs. Higher lows may suggest an uptrend.
XMRBTC BreakoutSeems like XMRBTC may go up after breaking out through the previous highs. Higher lows can indicate a new trend.
SNAP on the brink of going parabolicI believe that SNAP is on the verge of some truly violent price increase. The business itself continues to thrive fundamentally and will only increase in the future.
ZECBTC BreakoutThere is a possibility of ZECBTC breaking out through previous high, also creating a parabolic curve. Higher lows may suggest a new trend.
DOTBTC BreakoutThere is a chance of DOTBTC breaking out through previous highs. We can observe higher lows creating a curve, which can be an indicator of a new trend.
Bubble Extension leads to The (real) BIG SHORT New Years 2025 !!After making whomever wins this year's upcoming US election appear as the greatest president, in terms in the stock marketer, of all time.
AMZN: Arithmetic and Logarithmic Charts ExplainedIn this post, I'll be shedding light on the difference between arithmetic and logarithmic scale charts, and how to best use both charts to your advantage.
Arithmetic Chart
- The chart on the left is a chart that uses the arithmetic scale
- This is the chart most common to us all, and one that's easiest for traders and investors to comprehend
- An arithmetic chart represents price on the y axis, using equidistant spacing between the prices
- This is demonstrated on the arithmetic scale above; the distance between 1 and 2, is the same as the distance between 8 and 9
- Arithmetic charts demonstrate absolute value
Logarithmic Chart
- The log chart on the right side has a different approach to interpreting price movement
- The y axis uses equidistant spacing between designated prices
- This is demonstrated on the logarithmic scale above; the distance between 1 and 2, is the same as the distance between 2 to 4, 4 to 8, and so on.
- The logarithmic chart demonstrates the percentage change in the underlying asset's price
Case Study: Amazon (AMZN)
- We can take a look at Amazon's arithmetic and logarithmic charts, dividing them by significant phases to better understand the differences
- We can first see that the area marked by 'extreme volatility' on the log chart, is much more drastically demonstrated than that of the arithmetic chart
- This is because price fluctuations in terms of percentages were drastic at the time, due to the Dot-com Bubble.
- For more information on the Dot-com bubble and today's stock bubble, you can check out my other analysis below:
- However, because in terms of the absolute value changes during the Dot-com bubble are minuscule compared to the price fluctuations today, the phase of extreme volatility is barely noticeable in the arithmetic chart
- In the period of a 'steady uptrend', we can see a clear and steady uptrend in the logarithmic chart, indicating that the stock moved up at a consistent pace, percentage-wise
- The arithmetic chart, while not drastic in the uptrend's degree, demonstrates parabolic momentum building up
- We then have the 'exponential growth' phase. Here, we see a move from $400 to $3,400 on the arithmetic scale.
- However, the logarithmic chart merely demonstrates a steady uptrend without much volatility.
- This is because while the absolute value of the stock has risen significantly over time, the percentage change in the rise was consistent.
Conclusion
While the arithmetic chart is more familiar for the average trader/investor, logarithmic charts help us clearly view long term data, especially when price points show immense volatility during the short term. As such, log charts can be effectively used in for technical analysis of cryptocurrencies, as well as volatile tech stocks with long price history. The understanding of the log chart is an effective tool, but it must be used with caution, since most people intuitively interpret a chart as an arithmetic one.
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$JKS JinkoSolar Overextended - Bearish Options Activity$JKS JinkoSolar Holding Co. - RSI and volume trending down after a huge parabolic runup recently. Expecting a near term retrace sub-$50.
Keep a close eye on the 20d ema line on the hourly chart. This has held up as support this entire run. A break below this line will confirm the downward move is underway.
Recent Bearish Options Activity:
15k $55.00 strike (OTM) 10/16 puts traded last Friday (7x OI) for $2.4M in premium.
Near term target: $44-$48 range
Bitcoin 50 Week SMA Higher than EVER!
I started publishing charts a year ago and all of my charts have stood the test of time. This makes me so happy!
I love charting Bitcoin's macro trajectory and will keep doing so for years to come!
Follow me for periodic insights you won't find anywhere else. I will point out things that NEED TO BE SEEN.
Peace, Love, & Crypto,
B166ER
BULLISH:
1. 50 Week SMA is HIGHEST EVER and BUILDING SUPPORT UPON IT!!!!!
2. Building support on symmetrical triangle
3. Building support on $10.5k
4. Above 10K for almost 70 consecutive days
5. Weekly RSI above and bouncing off 55
6. Still on exponential growth trajectory
7. We are post-halving
BEARISH:
1. Bearish weekly MACD cross
the chart speaks for itself bsv is bullish look at the bullish divergence and falling wedge. should out perform bitcoin either 2-5 times. If bitcoin reaches 14k and rises 40 percent we could see 240 percent increase in bsvusd
Yall think this is possible!!!?Leave comments down below if you think bsv will have another pump and dump cycle leaving 400% gains.
ETH just looks bullish to meNot going to lie, but ETH looks kind of bullish right now. Parabola continues to act as support and what is more interesting is that we are getting 21 and 55 EMAs contractions on the daily. Similarly to the end of August, those EMAs are rather going parallel now, which was exactly the case when the price took off last time. Now, the price need to reclaim 21 EMA with several closes above it.
TSLA Tesla Long this week If tesla holds this rising channel 505 target end of this week. falling out of rising channel would nullify
Tesla UpdateSituation
After the last analysis, we pumped from 0.618fib.
Right now we have already pumped by 20%+ and if you don't have a position, you are probably wondering what to do.
Trade
If you longed at around $360-$370, there is no worry. You can probably take some profits and hold until $550+
If you have an early short, you may be in serious trouble. We are only bearish, if the green trendline around $360 will break.
If you want to enter a long, wait for about $400, that's the best entry from a RR perspective.
Gold Short ShortGold has been respecting the downward trendline as shown making lower highs overtime.
Gold is likely to fall to the demand zone of $1919/troy oz before going to all time highs as we get closer to the U.S presidential elections.
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