MtGoxFX

MtGoxFX

Worth mentioning, last week's candle does not meet the definition of a "proper" hammer, as it did not hold the Fib 618. Since it's close, we may get some hammer like momentum. Be on the guard for manipulation & extra liquidation seeking candles though.

MtGoxFX

Looks like we are going for the hammer candle again this week. We need to hold 26k to print that. So, I think we will stay strong through the day through to close then potentially rally without dip, based on this thesis. Target is still 33k for wave 5.

MtGoxFX

W1 Hammer theory looks likw it will invalidate with only a couple hours left. EW theory with a 1.127 tgt of 32,892 on this pair is still in play as long as wv4 does not retrace into wv1. FIB 618 is 25,508, and this needs to hold to remain bullish. Flag tgt box is still in play. I do not expect these tgts to get met, I believe BTC will stop at FIB 1.127.

MtGoxFX

The H1 looks like it may not hold the weekly 618 needed to complete the hammer. We will have to see which plays out, but here's a breakdown: 1) DT target down to about 26k 2) EW ABC consolidation in progress 3) support level from the dip has not been retested, abt 25,800. 4) bear flag from about 27,200 target is 25,500. 5) we are still below the 21D EMA...

MtGoxFX

Bitty is printing a hammer on the W1. The last time this happened, the following week was the big run-up in March. To complete the hammer pattern, we need meet 2 technical criteria: 1) close the week above FIB 618 (26,619) 2) Next week's candle needs to be green. If these criteria are met, then we are looking at likely completion to the orange box about...

MtGoxFX

Pretty straight forward...target is in the low 9's. Mods: dont ding me, the chart speaks for itsself...if you can read it.

MtGoxFX

Here is a forecast for how BTC wave 5 could go. Nothing is guaranteed, so take it with the proverbial grain of salt. 1. (YW) BTC has made a rising wedge and drop below the LTL somewhere 31-32k after making a high around 33k. The lower target for this (ORG) is a minimum of fib 618, about 22k. 2. BTC moves up in scallops (org), so wv 1 & wv 2 both made inv...

MtGoxFX

LTC Has an IHS with tgt around 105 and a CNH with tgt about 99. Bullish confluence as we are above the TL support and just bounced from the 21D EMA.

MtGoxFX

Im looking for support from the 21D EMA and the HVN that is around that level, before going long. So far, as I type this, we have only retraced back to the FIB 618 on this impulse. ORG box is the range I expect to see a bounce.

MtGoxFX

1) D1 Hammer 2) Double bottom 3) Support @ Impulse candle 4) Support @ Weekly level

MtGoxFX

Lots going on, so let's try to break it down... 1. Wave 5 of the current impulse consolidation has made a triangle (YW) above strong support at 26,700. This pattern is incomplete. 2. False breakdown below (ORG) has made a second triangle. (1) and (2) together is a normal triangle presentation that typically swings higher. 3. 33k is fib 1.127 of the current...

MtGoxFX

Looks like we are aiming at 7.27 soon based on the 1.618 tgt from the double top.

MtGoxFX

H4 has a hammer pattern that looks solid. H4 has a hammer pattern that looks solid.

MtGoxFX

Hammer on the Daily needs to hold and tomorrow's candle needs to be green to complete the bullish hammer pattern for a reversal.

MtGoxFX

LUNC has a solid double bottom on the H4 at the end of this falling wedge. if she continues counter trading, we could see a pop.

MtGoxFX

Looks like we have a CNH on the 30min Looks like we have a CNH on the 30min

MtGoxFX

If we bounce from the current level, DOGE could complete the IHS and make the bullish harm targets listed on the chart. Whether it will or not will likely depend on BTC and ETH climbing or not. I still have lower targets for both of those, so thinking we will actually go lower on DOGE from here and these patterns will likely invalidate. So, posting them just to...

MtGoxFX

Bullish harm with 786 tgt of about 0.43 and 1.0 fib tgt of 0.438