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 we are overall in a downtrend but currently are in a larger retracement. We are currently retesting a previous low point in the market which could act as resistance here. I will monitor price around this current area. Once price shows rejection then we will consider reversal opportunities.
On the H4 timeframe we are I a clear uptrend. We will look for buys at potential higher low points and sells will not occur endless we get a break of structure.
On the weekly timeframe we can see that we are overall in a downtrend but currently are in a larger retracement. We are currently retesting a previous low point in the market which could act as resistance here. I will monitor price around this current area. Once price shows rejection then we will consider reversal opportunities.
On the H4 timeframe we are I a clear uptrend. We will look for buys at potential higher low points and sells will not occur endless we get a break of structure.