BTCUSDT.P Bitcoin (BTCUSDT) is experiencing strong selling pressure, resulting in a downtrend on the short-term and medium-term timeframes (TF4H, TF15). Although the long-term trend (TF Day) is still technically an uptrend, it's showing significant weakness.
* **TF Day:** Uptrend (significantly weakening), price broke below a bullish Order Block, Money Flow is negative, Trend Strength is turning.
* **TF4H:** Downtrend, Money Flow is negative, Trend Strength is negative.
* **TF15:** Downtrend, Money Flow is negative, Trend Strength is negative.
**Strategies:**
1. **Wait & See (Best Option):**
2. **Short (Risk):** If price fails to break above EMA/resistance on any TF.
3. **Not Recommended to Buy:** Until there are clear reversal signals.
**Recommendations:** Exercise extreme caution, wait for clear signals, prioritize risk management, and be aware of Sellside Liquidity (SSL).
**Day Trading and Intraday Trading Strategies:**
* **Day Trade (TF15 focus):**
* **Short Bias:** Look for opportunities to short when the price rallies to resistance levels (EMAs, Order Blocks).
* **Stop Loss:** Above the resistance level where you enter the short position.
* **Take Profit:** At the next support level (recent lows).
* **Avoid Long positions** until there are very clear and strong reversal signals.
* **Swing Trade (TF4H focus):**
* **Short Bias:** Wait for price to fail to break above resistance levels (EMAs, Order Blocks).
* **Stop Loss:** Above the resistance level where you enter the short position.
* **Take Profit:** At the next support levels (EMA 200 on the Daily chart, SSL zones).
* **Avoid Long positions** until there are very clear and strong reversal signals.
**Key Considerations:**
* **Sellside Liquidity (SSL):** There's a high probability that the price will be driven down to "hunt" for stop-losses and tap into the liquidity pools below previous lows.
* **False Breakouts:** Be very cautious of false breakouts on both the TF15 and TF4H charts.
* **Volatility:** The cryptocurrency market is highly volatile. Be prepared for rapid price changes.
* **Conflicting Timeframes:** Daily is still *technically* up, but showing major weakness. 4H and 15m are down.
* **Money Flow:** Negative on all timeframes analyzed.
* **Trend Strength:** Bearish on 4H and 15m.
**In conclusion, BTCUSDT is currently in a high-risk, bearish environment. The "Wait & See" approach is the most prudent. Shorting is a possibility for experienced traders, but only with strict risk management. Buying is not recommended until there are very strong and consistent reversal signals across multiple timeframes.**
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.