RodriSac

RodriSac

BTC is at major resistance and looks likely to retest 37.5k support

RodriSac

Follow my twitter - @RodrisTrades Reasons for this trade: Bearish momentum Rising wedge Bearish flag

RodriSac

1.Price has broken out of a descending channel - 90% chance of it going to the top of structure 2. Bullish flag - another descending channel so 90% rule again 3. At an area of daily support

RodriSac

1. Approaching the downward trendline 2. Currently in an ascending channel - 90% rule 3. Currently ranging and looks ready to make a triple top 4. Overall movement RECENTLY has been bearish so bearish momentum likely to continue. Overall reason of a short: Approaching an area of resistance that looks very likely for it to get rejected at. Its a game of patience...

RodriSac

• The bearish pillar followed by a pull back correction which creates a channel – 90% rule • Price is making a double top • At an area of major resistance. Price could go all the way to the top of resistance and form strong double top.

RodriSac

• General movement of the market is bearish so bearish momentum likely to continue • Price has formed an expanding triangle pattern on the daily chart (price has respected this line 2 times already so likely to respect it again and its on the daily chart which makes it very strong • Price has also formed an ascending channel on the 1 hour chart which is an...

RodriSac

Reasons for entering a short trade: • Price is currently at a corrective state which has formed an ascending channel this could also be viewed as a bearish flag • 90% rule of a channel • Downward trend followed by correction so downward trend likely to continue • At an area of strong daily resistance

RodriSac

Reasons for short trade: 1. Downward trend which is correctly in a pullback correction 2. Corrective state creates an ascending channel, 90% chance of price going to the bottom of structure, price is at the top of the channel 3. Price is also at the an area of resistance

RodriSac

Reasons for taking a long trade: At the bottom of a descending daily channel At major area of support Formed a falling wedge on the 4hr chart (reversal pattern)

RodriSac

Reasons for taking a short trade: 1. Price broke out of ascending channel - high chance of it going to the bottom of structure 2. Correctly is a corrective state which has created a neutral pattern and is currently at the top structure 3. Price is at an area of resistance that has created a double top

RodriSac

• Price has broken out of a bigger channel so there’s a 90% chance of it going to the bottom of structure • Downward trend with a pullback correction so there’s a high chance of a continuation to the downside • Price has formed a rising wedge which is a reversal pattern and is currently at the top of structure • Price is at an area of daily resistance which...

RodriSac

My reasons for taking a short trade here: 1. Price has broken out of a bigger structure (an ascending channel), theres a 90% chance of it going to the bottom of structure 2. Downward trend which has created a rising wedge which is a reversal pattern 3. Price has broken out of the rising wedge 4. Downward move followed by correction which creates a bearish pennant.

RodriSac

• Broke out of a big channel – 90% chance of going to the bottom • Downward trend creating a lower high • Came back to retest the channel’s support • Created a rising wedge which is now broken

RodriSac

• Price broke out of its bigger channel – 90% chance of it coming all the way to the downside • Bearish impulsive move and a correction – next impulse is likely to bearish • Correctly in corrective state which creates a bearish flag (a small channel) • Price is at the top of the smaller channel

RodriSac

4 factors of taking a short trade: 1. Price is on a downward trend 2. pull back correction which creates a channel (bearish flag) 3. Price is at the top of the channel which has a 90% rule of going to the bottom of structure after breaking out 4. Price is at an area of resistance on the 4hr charts

RodriSac

At the top of a channel and at an area of key daily resistance

RodriSac

Bounced off a major daily resistance Currently in a corrective state which creates a ascending channel. It is also At the bottom of the channel DXY is bearish SL: 1.3564 TP 1: 1.39234 TP 2: 1.39739