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.
Price has hit the sliding parallel after going to the median line and zooming through. This is considered a zoom retest, and we are now at minor resistance at 2360 which could turn into major resistance if we are not able to continue with the trend to the next sliding parallel. Look to be sure that price can continue the upward momentum, otherwise we may retest...
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...