BTCUSD.P Analysis (March 20, 2025, 9:44 AM)
$OKX:BTCUSDT.P
* **Currency Pair:** BTCUSD.P (OKX)
* **Current Time:** March 20, 2068, 09:44 AM
* **Current Price:** 86,000
**Overview:**
* The overall analysis across all three timeframes indicates a strong bullish trend for BTCUSD.P.
**15-minute Timeframe (15m):**
* The 15-minute chart shows a short-term consolidation, with potential for a slight pullback before resuming the upward trend.
* The Trend line in TF 15m indicate price consolidation but have buying power to hold the price.
* Monitor Buyside & Sellside Liquidity levels for potential reversal points.
**4-hour Timeframe (4H):**
* The 4-hour chart demonstrates a clear uptrend with strong buying momentum.
* EMA 50 and EMA 200 support the bullish trend.
* Trend line in TF 4H shows strong uptrend.
* Money Flow remains positive.
**Daily Timeframe (Day):**
* The daily chart confirms a robust long-term uptrend.
* Trend line in TF Day show long term uptrend.
* Trend Strength shows clear uptrend signal.
**Wave analysis :**
* Previous analysis indicated a strong uptrend in BTCUSD.P across multiple timeframes, with short-term corrections in smaller TFs. Combining Wave analysis reveals:
* **Daily Timeframe (Day):**
* Currently in ABC corrective waves after completing 1-5 impulse waves, preparing for a new 1-5 wave set in the uptrend.
* Consistent with long-term bullish signals from Trend Strength.
* **4-Hour Timeframe (4H):**
* Showing minor waves moving in the direction of the daily TF's wave 5, indicating strong buying pressure.
* Supported by EMA 50 and EMA 200, reinforcing the uptrend.
* **15-Minute Timeframe (15m):**
* Short-term corrections within minor waves, offering potential entry points near support levels.
* Consistent with Buyside & Sellside Liquidity that can use to find support and resistance level.
**Overall Trading Strategy:**
1. **Trend Confirmation:**
* Use Wave analysis to confirm the main trend in the daily and 4H timeframes.
* Use Trend Strength, EMA, and Chart patterns to confirm trading signals.
2. **Entry Points:**
* Wait for corrections in the 15m TF near Buyside Liquidity or key support levels.
* Use ICT to find reversal price level.
* Use Premium/Discount Zone to find high probability trade.
3. **Risk Management:**
* Set Stop Loss orders below key support levels.
* Use appropriate lot sizes.
**Cautions:**
* Market volatility can disrupt wave counts.
* Major news and events can alter the trend.
* Trend line changing.
**Conclusion:**
* BTCUSD.P remains in a strong uptrend.
* Combining Wave analysis with other technical tools enhances trading confidence.
**Trading Strategy (Daily Trade) using SMC and ICT:**
1. **Entry:**
* Consider entering a long position on pullbacks towards Buyside Liquidity on the 15-minute chart or upon ICT reversal signals.
* Wait for confirmation signals from Trend Strength.
2. **Take Profit:**
* Target Sellside Liquidity or significant resistance levels on the 4-hour or daily charts.
3. **Stop Loss:**
* Place stop-loss orders below key support levels or the nearest Buyside Liquidity.
4. **Risk Management:**
* Use appropriate lot sizes based on risk tolerance.
* Avoid risking all capital on a single trade.
**Cautions:**
* Market volatility: BTCUSD.P is highly volatile; always use stop-loss orders.
* News and events: Stay informed about potential market-moving news.
* Trend line change. Be aware about trend direction change.
* Beware the Sellside Liquidity sellers, that can make price pullback.
**Additional Recommendations:**
* Utilize Premium/Discount Zones to identify advantageous entry and exit points.
* Wait for candlestick price action confirmation to increase trading accuracy.
**Conclusion:**
* BTCUSD.P is in a strong uptrend; focus on long positions.
* Use SMC and ICT for high-probability entry and exit points.
* Prioritize risk management.
**Disclaimer:** This analysis is for informational purposes only and does not constitute investment advice. Traders should conduct their own research and exercise due diligence.
