Weekly Parabolic SAR just flipped the side!

[Hyena]

I've been expecting this since June/July 2014 but it took a bit longer than I thought. Perhaps the ongoing parabolic rise also lasts a bit longer than everyone expects? Anyway, this is massively bullish indicator but first we need a couple of more dots on the chart confirming it. As always, the next few weeks are critical.

I have drawn some imaginary pSar indicator dots to the below chart to visualize the future prices.

[SlaveInDebt]

[seleme]

Not on Tradingview charts yet.

[oda.krell]

Jup. One of the many long-term momentum signals that just flipped. Some fired a bit earlier (*wink*), some a bit later into the rise, but they flipped. Always a chance it's a false breakout of course, but based on how they performed in the past, the interpretation is that the mid-term bottom is in at 275.

[podyx]

Jup. One of the many long-term momentum signals that just flipped. Some fired a bit earlier (*wink*), some a bit later into the rise, but they flipped. Always a chance it's a false breakout of course, but based on how they performed in the past, the interpretation is that the mid-term bottom is in at 275.

You think we'll go below 400 ever again?

[sgbett]

DAT RSI!!!

[oda.krell]

Jup. One of the many long-term momentum signals that just flipped. Some fired a bit earlier (*wink*), some a bit later into the rise, but they flipped. Always a chance it's a false breakout of course, but based on how they performed in the past, the interpretation is that the mid-term bottom is in at 275.

You think we'll go below 400 ever again?

Below 400 as in something like 390, maybe 380: possible. A really painful drop, say, low 300s: I have no idea (no tradeable idea, at least). Ask the EW guys, they like to answer stuff like that

In very vague terms, I can see the following scenarios: we are leaving the "local" (i.e. July/August to now) bear market, without revisiting where we started (sub-400), or we can leave it, but see one more serious dip (possibly all the way to 300). Or, of course, we could also fail to leave it and make a new low before getting to, say, 500 even - but that possibility I consider rather unlikely as of today. Plus, the first two scenarios above each combine with the outcome of the "global" bear market (since December 2013): either the long-term trend is indeed up from now on (until it reaches a new ATH), or the rally goes on for a while, but turns sour before a new ATH (e.g. the June/July picture).

[podyx]

Jup. One of the many long-term momentum signals that just flipped. Some fired a bit earlier (*wink*), some a bit later into the rise, but they flipped. Always a chance it's a false breakout of course, but based on how they performed in the past, the interpretation is that the mid-term bottom is in at 275.

You think we'll go below 400 ever again?

Below 400 as in something like 390, maybe 380: possible. A really painful drop, say, low 300s: I have no idea (no tradeable idea, at least). Ask the EW guys, they like to answer stuff like that

In very vague terms, I can see the following scenarios: we are leaving the "local" (i.e. July/August to now) bear market, without revisiting where we started (sub-400), or we can leave it, but see one more serious dip (possibly all the way to 300). Or, of course, we could also fail to leave it and make a new low before getting to, say, 500 even - but that possibility I consider rather unlikely as of today. Plus, the first two scenarios above each combine with the outcome of the "global" bear market (since December 2013): either the long-term trend is indeed up from now on (until it reaches a new ATH), or the rally goes on for a while, but turns sour before a new ATH (e.g. the June/July picture).

Thanks!

[ssmc2]

Man, this combined with Luc's Historical 3 possibility is better than any drug I can think of at this point 

[belmonty]

What does Weekly Parabolic SAR mean in layman's terms?

[ask]

Also Bitfinex's Weekly Parabolic SAR just flipped the side:

[spiderbrain]

looking good.

[Capt Drake]

Looking at the RSI is extremely reverse diverged and it's very bullish signal since it maybe make higher highs. lol   

[Pruden]

I've been expecting this since June/July 2014 but it took a bit longer than I thought. Perhaps the ongoing parabolic rise also lasts a bit longer than everyone expects? Anyway, this is massively bullish indicator but first we need a couple of more dots on the chart confirming it. As always, the next few weeks are critical.

I have drawn some imaginary pSar indicator dots to the below chart to visualize the future prices.

Boy, what a throwback to Summer last year when you wrote something just like this... I'm not complaining!

[alexeft]

.........

Nice observation!!

[Trolololo]

Very interesting, Hyena.

I have linked this thread, and quoted your OP, in the rpietila Wall Observer - the Quality TA Thread.

[Hyena]

Boy, what a throwback to Summer last year when you wrote something just like this... I'm not complaining!

Exactly! Good to see that someone remembers it: https://bitcointalk.org/index.php?topic=253856.0

[ask]

Boy, what a throwback to Summer last year when you wrote something just like this... I'm not complaining!

Exactly! Good to see that someone remembers it: https://bitcointalk.org/index.php?topic=253856.0

Yes.

I am often asking myself what is wrong with most of people - are they stupid or they have just short memory. But I don't want to change them. I want their money

[atleticofa]

This is exciting 

[Wilhelm]

Looking at EMA 9 and EMA 20 it also shows a positive trend.
I've entered a long position hoping on getting in before the major rise