fourtifx

fourtifx Updated 

Let's gear up for a possible short position here giving us a 1:3 risk-reward ratio.

fourtifx

Price is currently testing 44k as support which has acted strongly in the past. Favorably long if 44k is a strong support level. However, if price breaks and trades below 44k, bears could take over up to 42-40k.

fourtifx

Price is respecting descending trendline from 48k. Long opportunities could start from 45k zone of support.

fourtifx

BTCUSD has formed a descending triangle between 46890-48250 range. break+retest of 46890 = Short to 45k break+retest of 48250 = Long to 50k wait for confirmations of either scenario ;)

fourtifx Updated 

Price has broken below the trendline, indicating that there is potential to sell after the candle closes below key level.

fourtifx

If the price moves back into the marked sell zone we should see a move down towards the 13000 zone. Rising wedge pattern signifying a potential break of the zone to the downside. RSI indicates that price is overbought Bollinger Indicates a potential short move.

fourtifx

If price breaks out of the trendline we could see a drop to the marked tp zones

fourtifx

Head and shoulders pattern hinting at the bears to take control and give us a move downwards.

fourtifx

I'm expecting price to bounce off resistance and head to the downside. Confluent with a double top formation

fourtifx

Expecting price to break out to the downside if it successfully breaks and closes below marked key level.

fourtifx

Expecting price to break out to the downside given it has enough momentum.

fourtifx

Price has reached a resistance zone and has confluently formed a rising wedge to signal a potential move down. If price is rejected by current support zone we should expect a move to the downside.

fourtifx

The price will either take route A but may also retest key level as seen on B Rising wedge indicates a sell and confirms the possible formation of a double top,

fourtifx Updated 

This is not trading advise. I am a student in learning I am currently studying levels of structure and am leaving this here to see what happens in a few days. I will not be taking these trades. Please comment and like. I'd appreciate any input

fourtifx Updated 

Trade Wisely

fourtifx

This is not trading advise! This is for my own educational purposes This idea is open to comments and likes though. I am training my eye to spot significant levels of structure. I am also waiting to see how price reacts to the levels I have highlighted as my structural levels. If price breaks below the first level and retests, I will be simulating a sell...

fourtifx Updated 

If price breaks out of the wedge im expecting it to drop all the way to my target. Trade Wisely Risk Appropriately

fourtifx

We should expect the price to break out from resistance to make a strong move upwards. I have based this outcome on the continuation pattern (the falling wedge) that I have marked out. This is not trading advise. This is for educational purposes only. If you do decide to trade please risk wisely