1st Day of 30 Days Analyzing Charts

September 23, 2021

Spot Market

 I have first to get comfortable to the volatility of the market in spot trading after taking leveraged trades.

I have to practice myself how to..

• Identify if an asset is good to hold using 200MA on Daily Chart.
• Identify Significant Support and Resistance Levels
• Look for Patterns
• Identify Supply and Demand Zone
• Identify Possible Entry
• Identify Possible Exits
• Identify Possible Invalidation Points
• Identify Entry Reason

of every top 30 crypto coins daily.

 BTC/USDT

Price Below 200MA on Daily Chart

Trade on 1Hr and 4hr levels

Price Above 4hr resistance and below 1 Hr Resistance

Seems H/S pattern

Trade entry on Breakout

Result:

No Targets Met

Price Consolidate between 42K and 44K

ETH/USDT

Price Above, About to Cross 200MA on Daily Chart

Trade on 1Hr and 4hr levels

Price Above 4hr resistance and below 1 Hr Resistance

Seems H/S pattern

Wait for the Price to Breakout or Breakdown Demand and Supply Zone

Result:

Price breaksout from supply zone, and bounce back at 1hr Level

Price Consolidate

ADA/USDT

Price aboce 200MA on Daily Chart

Trade on 1Hr and 4hr levels

Price Above 4hr resistance and below 1 Hr Resistance

Ranging Price and then a trend line

Waiting for Price to Breakout

Enter on a Retracement Confirmation

Result:

Price Breaksout on Supplyand Damand Zone

Target hasn't met

Price consolidate

BNB/USDT   

Price Crossess Below 200MA on Dail Chart

Support establish on previous 1hr level of resistance

Wait of entry confirmation on Supply and Demand Zone

Enter Trade

Result:

Price Consolidate At the mark levels

XRP/USDT

Price Below 200MA on Daily Chart

Price Between 4hr and Hourly levels

Wait for the bounce confirmation on Supply and Demand Zone

Trade Enter

Result:

Price Consolidate

SOL/USDT

Price Above 200MA on Daily Chart

I turned a bit confused.

Wait for the Price next movement.

Short Entry, Seen Signs of Bearishness

Result:

Price still consolidating at supply and Demand zone

DOT/USDT

Price Sideways on 200MA on Daily Chart

Waiting for the price to either breakout or breakdown.

Result:

Price still on Consolidation