MtGoxFX

MtGoxFX

more printing of the same idea = more confluence. looking for a breakout of the upper TL soon. possible dip 2 rip that takes PA below 1.06

MtGoxFX

Looks like BONK may be about ready to walk out of this consolidation

MtGoxFX

consolidation appears almost complete on this flag to $1.91

MtGoxFX

I see a RABW on the H1 for this. I expect the 050 to hold.

MtGoxFX

USDT seems to support the bull trap theory. we'll see how it all plays.

MtGoxFX

If I were the MM, this is what I would do to grab supply, liquidate early shorts, destroy late longs, and make a shit load of profit.

MtGoxFX

DT has formed on BTC, here are some thoughts on the levels lower... 52k has an H4 VPOC. 48,600 - seems like a given to retest this level as it's a weekly level and the last high wick. 44,500-ish - top of the D1 volume shelf and R/S based on wick from 12/5 42k - weekly level, 43k has an H4 VPOC too. 38k-ish - all the way back to the TL from 16k. At some point...

MtGoxFX

Please remember, the megaphone can exit either direction. I think as long as we hold the 618 from the run up we should continue. If we do, next level up for me is 55,555. Major lines and levels are marked, but with the pattern still developing, we are in a waiting patter on the HTF. trading this consolidation pattern while it is forming is higher risk....

MtGoxFX

We should get a level to hold soon. Once Zeta breaks out from the ORG TL, Im looking for a continuation to about 3.85 from the Inverted Scallop pattern. I consider the 618 as my bear/bull for this one.

MtGoxFX

Retest back to ~105 is looking good and starting to bounce on LTF. Im eyeballing a climb to ~145 next to complete the CNH.

MtGoxFX

1. D1 Double bottom from 1/25 has a tgt of ~$3k 2. H4 inv scallop has the same tgt 3. Next weekly level is abt 2976. 4. Upper TL suggests 3000-3100 tgt

MtGoxFX

618 is holding. Just waiting for the breakout from the triangle on the flag. it feels fairly imminent in my opinion.

MtGoxFX

Im still looking for 3k on HTF at some point, but through the weekend I expect to reclaim lower levels. 2640 is the max pain I am expecting this weekend.

MtGoxFX

Looks like the rising wedge/ up channel is breaking down and I am targeting a return to VPOC around 89 over the weekend. Bearish tgt on the H1 wick down is around 90 and on H4 050 the tgt is abt 88.25. VPOC tgt coincides with a retest of previous highs and the 21D EMA.

MtGoxFX

What do you see...? ...Diamond top? tgt about 50,280 ...Double top? tgt abt 50,600 ...Complex HNS? tgt abt 50,600 ...Previous level retest? tgt abt 50k Lower? ok, previous weekly level abt 48,600. Oh, you like math? OK! Mean...50,016 Median...50,280 Mode...50,600 Are you bullish on a Friday afternoon? OK!!! We are still above the H1 VPOC abt...

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.