BTCUSD.P Analysis (March 22, 2025, 09:33 AM)
Overview:
* From the 3 Timeframe charts (15m, 4H, Day), BTCUSD.P OKX shows high volatility and is in a correction phase.
* Be cautious due to strong buying and selling pressure.
Timeframe Analysis:
* TF 15m:
* Current Price: 84,218.1
* The 15-minute chart shows volatile price movements with mixed buying and selling pressure.
* Trend line: The price is in a correction phase, moving sideways and swinging.
* Buyside & Sellside Liquidity: Monitor for areas with high liquidity to determine entry points.
* Money Flow: Buying and selling forces are relatively equal, requiring careful consideration.
* TF 4H:
* The 4-hour chart indicates a clearer correction trend.
* Trend line: The trend is not yet clear; caution is advised.
* Premium/Discount Zone: The price is in the Premium Zone, suggesting a potential pullback.
* EMA: The price is above the 50 EMA and 200 EMA, indicating a long-term uptrend, but be aware of potential pullbacks from the Premium Zone.
* Trend Strength: There are signals of trend weakness.
* TF Day:
* The daily chart shows a long-term uptrend.
* Trend line: The daily trend is a strong uptrend.
* Premium/Discount Zone: The price is in the Premium Zone, suggesting a potential pullback.
* EMA: The price is well above the 50 EMA and 200 EMA, indicating a strong long-term uptrend.
* Wave analysis: There are patterns similar to Elliot waves; careful consideration is needed.
Daily Trade Setup (Examples):
1. Buy Setup (TF15m focus):
* Enter: Wait for a pullback to a key support level (around 83,500).
* TP: 85,000
* SL: 83,000
* RRR: 1:3
2. Sell Setup (TF15m focus):
* Enter: Wait for a bounce to a key resistance level (around 84,700).
* TP: 83,700
* SL: 85,000
* RRR: 1:3.3
3. Swing Trade Setup (TF4H focus):
* Enter: Wait for a pullback to a key support level (around 82,000).
* TP: 88,000
* SL: 80,000
* RRR: 1:3
Cautions:
* Market volatility: BTCUSD.P OKX is highly volatile; always use a Stop Loss.
* News and events: Stay updated on news and events that may affect the price.
* Volume and Money Flow must be carefully considered.
* TF4H Trend line is not able to confirm clear trend.
Summary:
* BTCUSD.P OKX is in a long-term uptrend but shows signs of a short-term correction.
* Consider buying on pullbacks to key support levels and selling on bounces to key resistance levels.
* Always use a Stop Loss and stay updated on news and events.
Additional Recommendations:
* Consider using Fibonacci Retracement to find additional support and resistance levels.
* Monitor Money Flow closely to observe buying and selling pressure.
* Closely monitor Buyside & Sellside Liquidity.
Disclaimer: This analysis is based on personal opinion and is not investment advice. Investors should conduct thorough research and make informed decisions.
