MtGoxFX

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.

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.