A more comforting homely forecast for btc / usd, while goats where sleeping..
If..yet to be seen "price reversal" from the current median line hits 13300,
the higher probability for a legendary 20k+ pump during 2020 run up / new year / jan week 1 & 2, lures.
btc still has route to follow, see projected wave top / frothy head.
As local sentiment is now...
THE Power of combining Gann Square math & Andrews Median Line studies gives one a clearer picture of what is happening in any market.
NB: Rule #1 : Price will tend to return to the Median line 80% of the time.
This alone by charting for about 2 mins give us a 80% trade probability. No need to spend hours pouring over data.
It works on anything on any timescale.
AUDUSD is showing a possible long setup at around 0.730, do note that we have somewhat of an ugly bat on the chart
which I decided not to display due to C slighly extending A and PRZ D would be at 7225 which would invalidate this trade.
I recommend to observe the hourly chart should price hit 0.730 and search for reversal signals like double bottom +...
Price has been forming a pennant structure and it's close to the point of breakout near weekly S3.
If there's a break of the trend resistance line, take the long opportunity towards the median pivot.
Be aware of the monthly S1 resistance if it moves up(!)
Our next journey showing a lot of information, including: possible breakout points, down and up; support and resistance points; trendlines, fork range and its exits, explained important points in detail; etc.
As you can see, there are 4 important points that might be the crucial checkpoints tomorrow.
Predicting that Nr. 1 is a 99% probability (the only way we can pass that range is if it gap opens
up or down by +-40 cents). Nr. 2 has 45% probability from Nr.1, Nr 3 has 55% probability from Nr. 1.
Nr. 3 has 75% probability from Nr. 2, with 25% probability of a...