Again, a break of 884.75 opens the floor to targets, one of which we drew as a preliminary candidate, although we remain neutral-to-bullish in our current outlook.
That outlook would change given structural changes in this particular chart.
Watch for significant "fights" at 895.32 via spikes, A structural deterioration from 884.75 and below would open floor to lower targets yet to be defined.
David Alcindor | 4xQuad.com
CROW Signal Service:
Right now, I expect some stop-loss hunting over the weekend, with 895.32 offering a potential ZONE of support (similar to the one that occurred in the "pink" area, where candle wicks punched through, but institutional traders settled at the candle bodies, thus respecting the zone).
So, as written, the data still holds, and the directional bias remains bullish, both on a structural (higher highs and higher lows since the "strong Support" low (a definite line in the sand), and recent price action.
As always, time will tell and offer PERFECT hindsight.
This is about as bullish a chart as I can make right now on BTC/USD Gox.. It holds out some hope. . The funny thing is, when the price starts going up, no one wants to get 'left behind'. . . but unless the movement stays strong.. it seems to die out quite quickly right now.