We are looking for a swing trade so I will utilize the weekly and 4 hour timeframes to make my decisions. On the weekly timeframe we look for three things in particular which are our key levels, patterns and candlestick analysis. On the 4 hour timeframe we focus on using most of our technicals which is including fibonacci, support and resistance , supply and demand zones, market structure, candlestick analysis etc. On crypto we are looking at the Daily and 1 Hour timeframes to take trades when they are ready.
On the weekly timeframe we can see that price has been consolidating between the two key levels att 153.000 and 149.100. Last week closed rejecting the upper level of resistance with a large rick so we could see a retest lower this week.
On the h4 timeframe the perfect place to take a buying opportunity would be a retest of the 149.945 level. That is a demand some and previous HL that was formed. Once price retests this area we will look for buys.
On the weekly timeframe we can see that price has been consolidating between the two key levels att 153.000 and 149.100. Last week closed rejecting the upper level of resistance with a large rick so we could see a retest lower this week.
On the h4 timeframe the perfect place to take a buying opportunity would be a retest of the 149.945 level. That is a demand some and previous HL that was formed. Once price retests this area we will look for buys.