MtGoxFX

MtGoxFX

618 From the LL was respected and made a new uptrend. Complex IHS tgt was met. The 618 bounce has pushed us back up into the uptrend range. Currently looking for the 3 drives pattern to complete with eyes on the 145 area still. Current PA is within consolidation after the 3nd drive. This should bounce as a retest around the 102 level. 3rd drive could reject...

MtGoxFX

Im seeing a complex Head & Shoulders combined with a Right Angle Broadening Wedge pattern. Both are bearish, so we are heading back to the LTL of the D1 triangle pattern. Bulls are looking for support from the 618 and bears should have already taken an entry. It's worth mentioning that on the H4 and the D1 there are already bullish harmonics that have failed...

MtGoxFX

Technically I am still neutral on thistriangle pattern because the PA is still within the UTL and LTL, but my sentiment is bearish and I am expecting 618 support to not hold. BTC PA feels toppy and I think will need to hold 52k-ish for us to see a breakout on INJ's triangle.

MtGoxFX

straight forward...flag indicates $464 tgt with potential for higher.

MtGoxFX

straight forward...next move looks like an inv scallop to about $170. Bull/bear looks like $87 to me.

MtGoxFX

Waiting for this broadening top to play out. It's forming at the top of a bearish harmonic. Targets below depend on your points for measurement so I included 2 fib 050 levels to watch and a 3rd that is the lower yellow TL. 1) 36,800 2) 34,600 If we dont hold these points (very plausible), the next area to test is the 30k level.

MtGoxFX

SOL seems to like 86.80 for local support. Looking for bullish continuation back over the 21D EMA (red) as targets for BTC are also higher to around 42k. 93 is still on the radar but hurdles getting there include the orange TL and the weekly level at 93.27 (purple).

MtGoxFX

So, on that 3-drive push we retested the key level at 6.5% as well. Based on volume, now we are looking at possible continuation to the 5.9-6% area. In my analysis of BTC, I believe BTC will continue a bit lower still and 40k is only a bounce. If that happens, we should push through 6.5% higher. I can see either bullish or bearish action from this range...

MtGoxFX

RABW (Right Angle Broadening Wedge) suggests continuation on LTF's. Possible dip back to the marked support level.

MtGoxFX

Looking for bullish continuation after end of day close to around 93.41 or more, based on flag pattern. Confluence with 21D EMA (red) and H1 VPOC. Once SOL hits this range, I would expect a rejection and to head lower. Since this is on the H1, i expect this all to play out over the next 12 hours.

MtGoxFX

bitty seems to like the 39k level, but I dont expect we will stop there. Im targeting 36k-34,800 for it to settle out.

MtGoxFX

HNS to abt 49.76..? Continuation to possible 48.92 level ?

MtGoxFX

Alts are looking better than BTC right now from a TA perspective. For bitty to gain strength, i want to see reclaim and hold at 42,600 then 44k. Both are volume and candle levels to me. From a pattern perspective, bitty looks like she wants to drop again and possibly break through lower support, about 41k. The LTF rising wedge / bear flag supports this...

MtGoxFX

I'm seeing a triangle bottom with an IHS confluence at a strong LTL. This has a good chance to kick off a run to around $145. Possible dip lower again on the triangle before climbing down to around 91.34-ish perhaps. We could also just rise from here.

MtGoxFX

SOL seems to be holding support around 90. Looking for abt $145 from the next move. Invalidation below $86.77-ish. I will post an H1 chart next and attach.

MtGoxFX

Im looking at the possibility of SPX not making the 5300 CNH tgt and for this DT to be the lead-in for a retrace down to potentially the 4300 area and the yellow TL. TP's and levels are marked. Confluences are the various volume levels and the D1 gaps to be filled along the way. Holding the VPOC about 4550 would be bullish, in my opinion, so I am expecting a...

MtGoxFX

I think a pullback to the ORG TL is entirely plausible. This will satisfy TA targets as well as respect volume levels. Im looking for support around 6.95.

MtGoxFX

Bearish Harm seems to be heading down to $155B-ish. $131B is also a possible support level.