MtGoxFX

MtGoxFX

I am seeing a RABW on the D1 in between counts D & E. This consolidation is count E on the W1 rising wedge. The probability for breakout is about 40% up, 20% down from this formation but I am leaning towards a bullish breakout as long as we stay above 2250. Here's why: 1. 2250 is the local VPOC 2. a bounce at 2250 would satisfy a bullish partial decline...

MtGoxFX

A daily close above 5.63 suggests a Double Bottom, which is bearish for BTC and the whole run overall. A daily close below 5.63% = continuation.

MtGoxFX

Here is the next inverted scallop. Target on this one is 49k. Keep in mind that at some point a valid pattern like this will print and we will not make the target. At that point I expect BTC to continue on and also make a local top pattern then begin consolidation. Failure to make a local target does not mean the pattern was invalid somehow, it is just another...

MtGoxFX

- W1 C&H MET - W1 Gaps open at 62K & 40K - Several D1 gaps lower open - 29-32k LIKELY SUPPORT ON A PULLBACK - Watching upper yellow TL and 46-48K as next area for rejection & top formation.

MtGoxFX

This chart is to give major levels and TL's that seem to be in play right now. Purple - weekly levels Yellow - Rising wedge / triangle Orange - descending TL

MtGoxFX

SOL looks to have an HNS and descending back to the $42-43 area.Be on the lookout for bounces along the way. Conservative entry for the HNS is at the neckline around $52.

MtGoxFX

looking for a pop through VPOC to make flag target of about 0.00000175.

MtGoxFX

Im seeing confluence between the W1 CNH target of 40,609 and the H4 triangle target of 40,961. Be on the lookout for the retest of the 37,500-38k level.

MtGoxFX

The Kubitsuri Reversal Candle just printed on BTC weekly. It is considered a weak reversal candle due to the upward thrust to make the long lower wick. I am more bearish than bullish over the next few weeks, as we have had a good run and BTC needs a breather, I think. Conservative entry for the 3-candle reversal pattern still being printed is around 35k. I'm...

MtGoxFX

I have eyes on 6.87% and 7% from descending broadening wedge targets. (6.87 is a wick level tgt). Looking for a backtest of 6.5% first. Possible reversal into the backtest around 6.59-6.6%.

MtGoxFX

looking for a drop to around 20.5 based on TA confluence.

MtGoxFX

Looking for a pullback to 585. this will satisfy the wick from 7/10 retest, the VPOC is about 572 so that's another target in that range we could see. Once we make that Continuation to 770+ from the ISH seems likely.

MtGoxFX

wedge level targets for YFI look to be about 14,200 to 17,100. DYOR

MtGoxFX

looks like our next pattern is an inverse scallop with tgt of around 39,400. LFG!

MtGoxFX

the spike was not an accident...it made an EW #5 and a bo/rt precisely on the E wave of the triangle. bullish triangle/flag breakout & retest with tgt about $0.83.

MtGoxFX

Looks like our consolidation has made an inverse scallop. These usually take off pretty quick after finding their level. Also a very good sign for bullish continuation usually. Possible bottom as low as ~49.

MtGoxFX

LQTY looks to be rising off the lows of the VPOC and starting to climb. Due to the bullish harmonic that has been made, I think $1.80 is pretty reasonable possibility.

MtGoxFX

From the looks of recent candles, I dont think 6.5 will hold this time. When we break through, thats going to mean a huge pop in the market. Other bullish indicators in the market are an HNS on DXY and W1 CNH on SPX...all very bullish for the market.