rmugavin

rmugavin

Daily: Bearish market structure, finally saw the buyback after a harsh sell off. Approaching supply zone. Price coming to meet daily downtrend. 4H: Bear flag/broadening wedge coming into double supply zone. Bearish Divergence on CCI.

rmugavin

Daily: Bias Bearish, Price came back to 50 fib, formed a large evening star. 4H: Ascending wedge in a bear market, high rpobability of breakdown. Came to daily 50 fib and rejected, breakdown formed weak daily zone, strong 4H zone. 61.8 Fib lines up with previous EQ level and 4H supply. SL a little higher than normal to allow for previous wicks and second 4H...

rmugavin

Daily Bias: Bearish 4H Bias: Bearish Risk: 0.25% BTC is tanking, with a retracement nowhere to be seen. Like any good gambler, I beleive it's "Due". Currently at a strong daily demand level, weak buyback. I spoke last night about how I could see us heading to the 37000 4H demand level, a very strong, retested zone that was the origin of a big run up. as well as...

rmugavin

4h: Market structure still bearish but move up to 46000 makes sense, would give a decent retracement after a harsh sell off, 50 fib, eq, demand zone, daily downtrend all around that area. 1H: Broke bearish trendline, MS has turned Bullish Solid demand level lines up with 61,8 fibs, 4H EQ level, broken trendline. Price seems to be running out of steam at the...

rmugavin Updated 

LRC is in a daily uptrend and is forming a descending wedge into a 4H support and demand level Just had a 4H market stucture change with a HL & HH formed. Looking to catch the next HL. BTC in a precarious spot. Bearish on BTC but really like the look of this long. Could be holding onto emotions with Loop cos it was very good to me after buying at 40c

rmugavin Updated 

BTC has eaten the weak demand zone below, forming a LL in tge process. Supply zone lines up with 61.8 fib, 4h eq and the downtrend line. Leads me to think there's a good short opportunity from there, potentially right down to the 42k demand zone. Taken for 0.25R as it feels a little "Sell the bottom" to me on the dailys.

rmugavin Updated 

BTC is currently ranging between two 4H levels, Forming a symmetrical triangle. Above price is a daily supply zone, 4H EQ & Multiple 4H supply zones. A symmetrical triangle after a big run up is a bullish symbol. On the daily we're consolidating under resistance, which is also a bullish signal. However, I'm happy to take a short from here, as it's a Region of...

rmugavin

Daily Bias: Bullish 4H: Strong sell off due for a recovery. Daily Pause zone 4H demand zone strong 4H EQ from previous high and SR flip on the way up this time. 61.8 Fib of recent move up. Spike out on CCI, another dip down here into my zone would give Bullish divergence.

rmugavin Updated 

Daily Bias Bullish 4H: MS change, LL formed, heading back to supply zone, 50 fib and EQ level. Likely top of right shoulder if IHS is to form here.

rmugavin

BTC has created a new ATH Looking to get into longs on the retracement, two levels I like 1st: Demand zone that led to ATH break, 38 fib of recent push, could line up well with trendline by the time we get there. 2nd: Demand levels from last major 4H consolidation period, line up with 61.8 fib and previous strong 4h level. Daily is massively overdue for a...

rmugavin

BTC has done 25% with no pullback, now at a level of daily resistance and Daily supply zone. Within is the 4H supply, as well as the weekly downtrend meeting here. Bearish Div on the CCI, predicting another move up to the 4H zone then a retracement and cool off. I may be wrong, but this is a high opportunity time to be shorting, with a fat R:R. I'm happy to...

rmugavin Updated 

overall BTC is bearish 38K level should hold as strong resistance unless we have a massive dump. Placed two seperate trades, less risk on the first as based on hourly zone, top of 4H demand zone. Good R:R and if I used it to average in it botched the R:R on the deeper trade. Better to consider them two seperate trades in this case. Deeper trade uses really...

rmugavin Updated 

Daily Market structure is Bearish, Weekly put in a LH. Overall could be in a symmetrical triangle, time will tell. 4H: Supply zone and strong EQ level should provide solid resistance. Good R:R to next level. Shorting through previous strong support, dropped risk as the ideal short was from the 61.8 on the previous move. Still think this is a play worth taking...

rmugavin

BTC is showing bearish market structure, Weekly appears to have formed a big LH at 52K. 4H broke previous low, just missed Daily demand for the bounce. I think a rejection from the 61.8, or the 4H EQ and supply level to form a LH, then head down to the daily and 4H demand levels makes sense. 61.8 has no zones for me to enter & SL, and would botch R:R if I...

rmugavin

Bitcoin just broke a solid level of resistance at 50k, stopping me out of my short for half risk (I'd moved my SL down). Now there's not much in the way of resistance to 60k. There's one 4H EQ that may provide some selling pressure, but big moves need big reasons to reject and I'd be suprised if that level held in the face of the current bullrun. I think a...

rmugavin Updated 

BTC is approaching the 50K resistance I outlined as a potential rejection / HTF LH formation point two months ago. It's a daily supply zone, 61.8 of the overall moce down, and daily and 4H resistance levels lie within the area. Daily candles are showing Bearish divergence on the CCI. While the move is currently bullish, no news, fundamentals or hype seem to be...

rmugavin Updated 

4h: LH formed, Possible descending triangle/ start of downtrend. 61.8 fib. Strong EQ level Downtrend coming to meet horizontal levels 15m: Two supply zones Trendline incoming

rmugavin

Daily: Formed HH after a massive run. Daily pause zone Strong Daily EQ level 4H: Bull flag back to demand zones and 50 fib. Bearish Divergence on CCI. Good chance of a bounce. Fat R:R, taken for 0.5% risk due to alt coin and BTC being in a position of possible extreme volatility. Taken on Mex