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.
H4: BTC broke out of the head and shoulders pattern that we were discussing last week and moved to the upside to make new highs. This is a great sign that BTC is still very bullish Currently price is respecting the 65,000 level and we will have to get back above this area before we take any more buy orders. It’s forming another head and shoulders pattern so we will wait and see whether this thing goes bullish from here as it needs to break the neckline first.
H4: BTC broke out of the head and shoulders pattern that we were discussing last week and moved to the upside to make new highs. This is a great sign that BTC is still very bullish Currently price is respecting the 65,000 level and we will have to get back above this area before we take any more buy orders. It’s forming another head and shoulders pattern so we will wait and see whether this thing goes bullish from here as it needs to break the neckline first.