Medianline
Next stop : 13,800$ before 2017-12-13 9PM (GMT+1)According to my previous analysis which revealed to be true, I can tell you with an 80% success rate that bitcoin will re-test 13,800$ level before 2017-12-13 (9 PM GMT+1).
The orange box is the zone where the price should retest back the red median line in the channel.
If the price doesn't hit back the median line after the orange box, we should consider that as a breakout and that the price will go higher or lower for sometime before coming back to the channel someday.
In the meanwhile, there are about 80% chances that the price will hit back the median line before the end of the orange box.
Tools used :
- Andrew's Fork
- Andrew's Fork Median Line
- Austin Box
Note: If the blue dotted line is broken, there is a very strong chance for the price to go really BEARISH.
These tools revealed themselves to be very accurate with about everything (currencies, commodities trading, gold trading...)
I strongly invite you to check it back on 2017-12-14 to see by yourself their strenght and effectiveness.
Copper: Buy OpportunityThe sliding parallel of the upsloping median line set has acted so many times as support, validating the slope of price as it's climbing to the upside. The price is about to retest the sliding parallel and with such given previous support we consider going long at the retest.
Entry level: 3.05731
Stop-loss: 3.04105
Take profit: 3.08338, 3.10796
Ethereum/Dollar: Massive Support Rejection Opens Doors for LongsLooking at the hourly chart of Ethereum it didn't take much time to make my mind going long with this crypto. The lower parallel of the upsloping median line in addition with previous structure meet at a level, around 455,00 where price retraced and was massively rejected. I will be watching for a buy setup completion at current level to buy Ethereum aiming for at least 500,00
Feel free to like and share your thoughts,
John
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GBPUSD: Pending Bearish Bat PatternGBPUSD has been in a rally for a while, trading below the median line of an upsloping andrews pitchfork. In case it continue the upmove it will very soon complete a bearish bat pattern. Because this is a high timeframe you may don't want to trade it with a stoploss above X point. In such case, wait for the pattern completion and then switch to the lower timeframes looking for a smaller sell setup with a tighter stoploss.
1.33126 is a nicelevel to aim for...
Feel free to like, comment and share your analysis,
John
Ripple: Short Term Sell OpportunityRipple is moving into a wedge and although my main view is bullish, we have a very nice sell opportunity developing with price bouncing from the upper parallel of the descending channel described in the video and is now pulling back making a correction. In the video I show you two ways to trade the end of correction.
Feel free to like, comment and share your thoughts.
Have a nice weekend,
John
NZDJPY: Sell Opportunity at Key Resistance LevelSimilar to my previous video analysis post in AUDJPY, here is NZDJPY we see the correction of an impulse having reached the median line of a downsloping pitchfork, where previously has found both support and resistance. In this video you may see how you may trade NZDJPY in order to catch the next impulse
AUDJPY: Nice Sell Opportunity - Bearish Flag PatternIn this video we may see a bearish flag pattern and two options on how to trade it. The corrective structurehas reached the sliding parallel of a median line set which has previously acted as resistance.
Feel free to like, comment and share your thoughts.
Trade with care,
John
ZCash Update: Key Support Zone to Watch for LongsIn this video I am updating my previous post where we described a potential move to the upside which happened with price reaching the exoected tp - the median line of the set. We now should wait to see if we can get a pullback to a key support zone , consist from the lower parellel of a rising channel, previous structure and the broken sliding parallel of the long term uptrend.
Feel free to like, comment and share your thoughts.
Have a nice weekend,
John