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 daily timeframe we just broke above a key level of resistance and look to be headed towards all time highs at 65,000. Once price reaches this zone we will look for pullbacks to establish the trend. If price manages to break back into the 58000 level then we can see price move lower from there.
On the daily timeframe we just broke above a key level of resistance and look to be headed towards all time highs at 65,000. Once price reaches this zone we will look for pullbacks to establish the trend. If price manages to break back into the 58000 level then we can see price move lower from there.