Tr8dingN3rd

If you understand the mechanics of the Medianlines aka Pitchfork, then you understand the projected movement of the markets.Whatever you measure with them, the same principal applies.In the prior analysis, the framework of the Medianlines pointed us in the right direction.Now it's time to reassess this product.The 0 to 5 Count:It's often a good indication when the last sprint happens. After P5, the count starts again from 0, up to 5 again. Here we see that the P5 was reached and we get the bounce, down to the Center-Line aka Medianline, where it finds support.Could it move upward again? Absolutely, even if it where just for a pullback and the a further continuation to the downside. In fact, I even expect it to bounce up to the red resistance zone.This would mark P2 before a harder drop down to P3, cracking the Centerline.Most often after the Centerline is breached, we see a test/retest to it. (P3-P4), an exhaustion of the buyers and then the final hit on the head with a target at P5. In between P4 and P5, there's also the 1/4 line, where we often see a sudo-support. But it's not often that price starts to turn again and negating P5. It's mostly just a try, before the last drop to P5.So there you have my coffee-ground reading.Always remember, that even with such an accurate TA-Framework, we only shall trade what we see.Many thanks to the loyal followers and all likes and sharing. I always love your feedback and constructive criticism. §8-)

First there was the Double-Top.Then there was no higher close above the last 2 highs, pressing ETHUSD brutally down to fullfill the Medianlines Rule to reach the Center-Line over 80% of times.Then price not only reached the Center-Line by breaking through the slanted green support, but also cracked through the weekly horizontal Base (grey) which acted as the last support Bastion.There are two scenarios possible.a) a pullback, jump above the CL and we will see a moonshot.orb) price is retracing the Center-Line as it does most of the time after it's break, and then continues to the downside. Target would be the Lower-Medianline-Parallel.

As we see, price is at the white L-MLH.This is a critical level.On one hand, price showed weakness.On the other hand, price is stretched to the downside, bearing the possibility to shoot upwards from here.How can we find out what's happening?By observation and NOT ACTING!Just watch, observe, and a good entry Long or Short will uncover. FOMO is your greatest Enemy!Calm down, wait for the sweet Fruits that will be given to you. §8-)

It's not that far anymore.Price is trickling down it's path.I could imagine that near the confluence point, where the 1/4 line and the red Centerline meet, the PTG could be fulfilled.However, a crack of the red U-MLH would generate a signal for a pullback up to the white Centerline.

Just a quick short term analysis:Price opened and closed below the Center-Line.This is a bad, very bad sign. My trades are to the South from now on.I expect a pullback to the Center-Line.A nice short opportunity, down to the red CL.Further targets would be the white 1/4 line and the L-MLH.

According to the trading framework of the Medianlines, BTCUSD is behaving perfect.If we close below the white Center-Line, first profit target is at the 1/4 line, second is at the L-MLH.Only a reversal aka HAGOPIAN can turn the momentum from down to up. It's when price is open and close above the white Center-Line again.Turbulent times ahead...

This is just a daily and short term view.First we see the support at the Center-Line.Then it got cracked and price trades below it.Now we see resistance on pullbacks up to the CL.I expect a move to the south, at least down to the white-dashed CL.If price can jump above the green CL, then further upside is ahead.That's it for a short term view.For a broader view, just check the thread on the linked chart analysis.

What's this?..just a Pattern...a recurring pattern...a very similar, recurring pattern.So what is this post good for?Maybe just a heads-up?Or just that you can roast me to point out that BTC is stretched, and has a high chance of pulling back or even going South.However, be happy, not angry §8-)

Not because it's Bitcoin. But because it was pushed too fast too far. That's why BTC is stretched and has to come back to Balance.The yellow Fork, which is a shorter term view (weekly/daily) shows us the super stretch.It probably will take some weeks for BTC to fall back into the Fork. When it does, it's target is the white Center-Line.

...to lure you in to buying NOW.Do you really think the big investors are gonna buy at these levels?I doubt.First, they lure you in.Then they throw you over the Cliff and rob your bag of Bitcoin when price is tanking.Until I see a full bar outside of the U-MLH of the red downsloping Pitchfork, I'm not adding.But, when it comes down to the red Center-Line, then I'm ready to buy aggressively.