Tag: Parabolic

Bitcoin Builds Base At Decade-Long Parabolic Curve

boss

The masses are bearish on Bitcoin. The market is convinced that prices below $30,000 will be revisited given the continued weakness in the top cryptocurrency by market cap.  All eyes are on the massive “bear flag,” but could it instead be a bear trap? Bitcoin price continues to grind along a decade long parabolic trend line that in the past has put in several mid- to long-term bottoms. Here is a closer look at a currently unbroken trend line that BTCUSD must hold for continued parabolic momentum and what it…

Parabolic Bitcoin Indicator Could Suggest The Local Bottom Is In

boss

When Bitcoin rallies, it historically has gone parabolic and blasted off to astronomical prices before each cycle peaks. Recently, rallies have been few and far between, cutting the price per coin down to around $33,000 at the local low. The plummet, however, fell short of tagging a “parabolic” indicator and it could mean that the local bottom is in. Here is more about the Parabolic SAR, the potential signal, and other supporting evidence that the bottom might already be in. Parabolic Uptrend Intact, Says Indicator With 95% Confidence Rate Bitcoin…

Ethereum ‘about to go parabolic’ against Bitcoin as analysts weigh BTC bear case

Ethereum’s Ether token (ETH) is due to launch a “parabolic” attack on BTC to beat all-time highs, one analyst believes. 2-week predicts “crazy” ETH move ETH/BTC 1-month candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows ETH/BTC sitting near three-year highs — but its next move should be even stronger. Ethereum against Bitcoin is one of the few bullish narratives in the short-term crypto markets this month. In a tweet on Dec. 3, popular Twitter account Galaxy reinforced optimistic predictions for the largest altcoin, even suggesting that ETH/BTC…

Shiba Inu Coin Faces ‘Reversion’ Worthy of Parabolic Rise

Send the dog tokens to the doghouse. That’s the message from some cryptocurrency analysts who say the stunning rise this year of dog-themed tokens like dogecoin (DOGE) and shiba inu (SHIB) represents little more than speculative froth that might hinder the fast-growing digital-asset industry’s credibility. These “dog tokens” or “meme tokens” were created as a joke but have attracted a wide following of speculators and fans. And as a result they’re still not taken as seriously as other cryptocurrencies that are seeing as bellwethers of the fast-moving blockchain technological movement.…

3 reasons why Kadena (KDA) price went on a 500% parabolic frenzy

Proof-of-work (POW) blockchain networks were all the rage in the early days of cryptocurrency when Bitcoin (BTC) set the standard for security and other projects followed suit in various attempts to offer a robust, scalable network that would either support payments of efficiently transmit data. Most protocols have now shifted to proof-of-stake but Kadena (KDA), a scalable layer-one blockchain protocol is still operating on the old proof-of-work model. According to the project, the network is capable of processing up to 480,000 transactions per second thanks to the use of “braided chains”.…

Analysts expect parabolic Bitcoin price move after the ‘last’ resistance at $67K falls

The bulls are on the march again and this time they’ve set their sights on a new all-time high for Bitcoin (BTC) price which is within striking distance of the $67,000 level. Data from Cointelegraph Markets Pro and TradingView shows that a late-night surge on Nov. 7 catapulted the price to an intraday high at $66,557 and at the time of writing trading volume continues to increase as bulls attempt to secure a daily close above $66,000. BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what analysts are saying…

Parabolic gains for OriginTrail, Maker and XYO Network rouse ‘altseason’ hopes

Calls for the arrival of an altseason are growing louder on Nov. 3 after the price action for altcoins is on the rise and Bitcoin (BTC) price lingers at the $62,000 support level.  At the moment, gaming tokens, supply chain-related projects and decentralized finance (DeFi) protocols are scorching hot and as shown below, many altcoins are posting double and triple-digit gains today. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past…

Bakkt stock goes parabolic, GBTC outpaces BITO ETF and Tom Brady offers 1 BTC for 600th touchdown ball: Hodler’s Digest, Oct. 24-30

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bakkt shares skyrocket after partnering with Mastercard and Fiserv On Monday, the share price of the Intercontinental Exchange-backed crypto services company Bakkt (BKKT) surged 120% on the back of two major partnerships with Mastercard and Fiserv.  Both partnerships were announced on Monday, with the Mastercard…

The Metric That Says Bitcoin Is About To Go Parabolic

After closing its best highest week since its inception, the bulls remain in control of the price of Bitcoin. At press time, BTC’s price trade at $61,386 with a 3.8% profit in the daily and a 12.3% profit in the weekly chart. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview In the crypto top 10, only Dogecoin (DOGE) and Binance Coin (BNB) have outperformed Bitcoin as this asset’s dominance over the crypto market continues to rise. Related Reading | Bitcoin Price Smashes Record For Highest Weekly Candle Close Ever…

Why A Parabolic Move Is Expected For Bitcoin, Billionaire Mike Novogratz

Bitcoin has been on the rise with the start of the new month. The first week of October brought with it good tidings as top cryptocurrencies in the market had begun to rally for the first time in weeks. Bitcoin hit a new 4-month high on Friday with its break above $56K. Bulls have set their eyes on new all-time highs before the end of the year and CEO of Galaxy Digital Mike Novogratz has echoed this sentiment. New Investors Holding Up The Market Billionaire Mike Novogratz was on CNBC’s…