3rd Day of 30 Days Analyzing Charts

Spot Market

September 27, 2021

     The goal is to find an entry for Swing Trading on Spot Market. While waiting for the Market to give signals, I will analyze market day by day, look for patterns, levels, and confluence of indicators, while studying the material i have.

What to look for?

    1. What is the current price of the asset on weekly? What level of  Fibb does it fall?

    Move to one Daily Chart.

            2. What is the condition of Phila4EMA, What does it indicates?

            3.  What is the condition of EMA  13,21,50. What cross? 

            4. Is price above /below EMA? 

            5.  Both sloping the same direction?

   Move to 4HR chart.

            6. Wha level price fall? Identify confluence os Fib

            7. Identify support/resistance, Possible pattern/Levels

            8. Do 200EMA Acting as Support and Resistance? Breakout on EMA?

    

1. BTC?BUSD

    1. 43K above 0.382 level

    2. Not yet good for holding wait for squeeze.

    3. 13/21 bearish cross on previous swing. 21 and 50 bearish cross is likely to happen.

    4. Price is below EMAs indicates downtrend.

    5. Both 13,21 EMA sloping downtrend. 21,50 EMA likely to bearish cross.

    6. Levels Identified, Price at 0.382 level.

    7. Possible Support and resistance identified. Channel down identified.

    8.  200 EMA above currently above Price

Entry:

    Wait for Price to test touch levels. Bounce From Support, or Breakout From Resistance entry only.

    Find Confluence on EMA, Volume, OBV and Candle Confirmation.

2. ETH/BUSD

    1. 2,995K at 0.5 Level

    2.  Good to hold after Bounce from EMA13,21, 50 and 200EMA acting as resistance, PLan Wait.

    3. Bearish cross of EMA 13,21 50. EMA likely to become resistance.

    4. Price is below EMA, likely to go downtrend

    5. 13,21 EMA sloping down. 13and50 EMA about to bearish cross.

    6. Price is at 0.236 level    

    7.  Levels identified

    8. Possible entry on bounce from the breakout also as support level.

Entry:

    Wait for confirmation on the Bounce from the breakout. Long Entry if confirmed.