rmugavin

rmugavin

ADA Just posted a HH off a massive Bullish engulfing. Trends are often started and ended by engulfings like this. It's currently battling at supply, and likely to come back down for a retest of the newly created demand zone.

rmugavin Updated 

EOS has just posted a solid 4H engulfing off the daily demand zone I've been watching for a week. Bullish engulfings of that size often mark the start and end of trends, and especially when it comes off that zone. Dailyt is currently looking to close as a bull Hammer.

rmugavin Updated 

Stops were a little tight yesterday, and as a result got wicked out when XBT busted the Supply zone. Still think it's a great spot to be short. 4H suply zone with a daily supply backing it up. CCI is overbrought Steamroller is overbrought Volume spiked into the zone but then has dropped off.

rmugavin Updated 

EOS has found some support after it's large recent drop. It's formed a descending wedge against strong support. Every time we've touched support we've seen strong buyback off it, recently forming a HL that failed to break the previous high. I'm happy to enter a long predicting the breakout to the upside, as it's a low risk, good RRR trade, so if it breaks down, I...

rmugavin Updated 

Bitcoin recently failed to break it's daily previous high around the 10k mark, and had a violent rejection down to 8K. It's now climbed it's way up to the 61.8 of that drop, which is the optimum price point to go short. I've also placed a short just below the supply zone created when we fell out, as I could see a wick up there.

rmugavin

Alts have taken a beating into the lead up to the halving and BTC's recent run. I've been hesitant to place longs as Demand zones have just been getting smashed out, however with the halving out of the way, and BTC's recent dump, I think Alts time might be coming. This demand zone and EQ level on EOS comes from Binance, and extends back to 2017. EOS has been...

rmugavin Updated 

ADA Had a massive run up and is now cooling off and retracing. We're approaching the 50 Fib and the zone that really saw us skyrocket and shortly below that is the 61.8 of the entire Daily Swing, which lined up well with the top of the demand zone that started it all. We're forming a slight descending wedge coming into these areas, and time will tell what...

rmugavin Updated 

BTC has just had a massive rally, through two significant demand zones. THe daily trend is still bearish till we break the High at 10k, but things are starting to heat up. The Fibs from the recent push have the 61.8 Lined up perfectly with a long term EQ level, and the demand zone recently created as we pushed out of consolidation. This leads me to think if we...

rmugavin Updated 

Eth has had a massive drop out of it's consolidation zone after it's recent run up. It's steamrolling towards the demand zone created from it's previous consolidation, which lines up on Binance with the 50 Fib from the run up. The Bitmex Fibs arfe slightly different. We've just seen an extremely weak bounce off the Bitmex 50 fib, which lends support to price...

rmugavin Updated 

LTC is currently posting a big fuck off morning star on the daily's, taking place in a very significant previous liquidity zone where buyers have shown interest. The 4hr's show a brief consolidation followed by a solid push out, currently rejecting off the 38.2 of the recent downwards push. Massive Engulfings like this are often followed by a wick down to the...

rmugavin Updated 

/Biz/'s Bastard child has taken a Solid dive recently. Market structure has two LL's and just needs a second LH to confirm a 4H downtrend is in. It's now in a bit of a halt, and I think we'll see an Ascending triangle form up into the 50 Fib and EQ level before a further break to the downside.

rmugavin Updated 

ETHUSD is exhibiting Bearish market structure on the daily's. It's currently sitting at a daily supply zone, after having a massive plunge followed by a suspiciously bear flag shaped recovery up to the zone. The CCI is indicating bearish divergence, we're forming HH's on the 4hrs while volume is dropping, indicating the push is losing momentum. There's a smaller...

rmugavin Updated 

Looking at XRP on Binance on the Daily's, market structure shows a bearish trend. On Bitmex on the 4H, we've recently formed a supply zone with a big bearish engulfing out of it. The wick to the upside is of concern, but my RRR still fits and it ticks all my boxes so I'm happy risking capital to see which way she's gonna go. Bottom of the supply zone lines up with...

rmugavin Updated 

ADA has just had a massive pump and I'm inclined to think it's gonna cool off and retrace a little. Looking to enter a long for the next push, I've laddered orders around the 50 and 61.8 Fibs, as well as the demand zone that sits in between them. Daily's on Binance haven't established a trend, we've formed a HH followed by a LL, therefore I've entered based on...

rmugavin

BTC just pumped up out of it's 3 week consolidation zone to test the daily supply zone and form a Higher High. The demand zone created by the push lines up beautifully with the 61.8, and is just slightly below am EQ. Therefore I expect this area to act as strong support, especially as the bullish trendline rises up to meet this area. I expect to see a rejection...

rmugavin

BTC has been forming a large ascending wedge up into the Daily supply zone. Laddered some shorts in

rmugavin

EOS broke out of a recent bull flag to push out another leg up before hitting resistance. It formed a demand zone in doing so, the top of which coincides with the 61.8 retracement. I think EOS is likely to walk down, and meet the zone, fib and rising trendline all at once, likely seeing another push up to at least the recent high.

rmugavin

LTC came down into a previous liquidity zone and pushed out with a Bullish engulfing. The following candles broke resistance to form a HH. The 61.8 of the push up lines up beautifully with the top of the demand zone created by the engulfing. Set entry there with two take profits at previous supply levels. Stop below demand zone. Could get better RRR by...