OrionCapitalmanagement

OrionCapitalmanagement

Blue block is acting as a support/resistance area in my opinion. My bias is short, because bears seem to have more control at this point (Long upper wicks). If we can hold and bounce from blue, then we will probably grind up to 4400-4600. If we cannot hold and we end up trading below blue box, I will be looking for retest of the lower OB EQ ~3800. I am net long...

OrionCapitalmanagement

Excellent R/R on this one. Hoping 6210 holds as support again, if not I think a dump is more possible than not so I have my stop loss set accordingly. You can see my TPs on the chart and will begin to start scaling out once those targets are hit. Alarms set, bets placed, lets go btc. Check previous posts to see how I have played this range before.

OrionCapitalmanagement

Everything looks bearish to me including the daily close, however due to smaller TF analysis, I personally think the bottom is in for now at 6210 and expect a test of equal highs around 6500. The amount of volume we had on that one hour candle is one clue of many that helps me identify bottoms and tops of trends. To me it looks like a classic swing pattern failure...

OrionCapitalmanagement

Very clear 4hr range here on BTC. A break of either the highs or the lows will either lead to a flush and down to new lows, or a pump up to resistance. If you are not in a position I would wait, buy the breakout and begin to scale out while locking in profit. I am long from 6425 with a manual stop. Really hoping we can breakout of this range soon. Resistances are...

OrionCapitalmanagement

Possible SFP here, 15 min TF needs to close below the previous high (6527) for this entry to still be valid for me. I am short from 6540 and will stop out manually depending on the next move we see here. Targeting 6250 as potential take profit area. Weekly closes in 2.5 hours so expect volatility. I have stop buys above 6650 with take profits all the way up to...

OrionCapitalmanagement

I have a bullish bias here because we have been ranging between 6000-6600 for over a week and I personally believe 6000-6200 is stronger support than 6600 resistance. It is important to remember that resistances get weaker with each touch and we have been pounding on it the past couple of days. Which ever level break with convincing volume should see an impulsive...

OrionCapitalmanagement

Closing 50% in green box. Letting the rest ride and will move stop into profit if I see fit. GREAT R/R on this one (2.5/1), wouldn't be surprised to see my stops get ran before a push down tho :/ Could wait for a break of 15min LH and short the breakdown. I expect a pop in green box, may not be a bad long play if we get there.