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@ Lina Engword ⚡
2025-02-28 12:41:21$OKX:BTCUSDT.P Overview:
Based on the overall picture across the 3 timeframes (15m, 4H, Day), Bitcoin is in a bullish trend but is experiencing a short-term consolidation.
Analysis of each Timeframe:
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TF 15m:
- SMC: The price is in a sideways consolidation phase after breaking out of a triangle pattern. There's potential to test the Buyside Liquidity around $64,000.
- ICT: The price is testing the EMA 50 (yellow) support. If it holds above this support, there's a chance for further upward movement.
- Buyside & Sellside Liquidity:
- Buyside Liquidity: $64,000
- Sellside Liquidity: $60,000 (around EMA 200 and the lower boundary of the sideways range)
- Money Flow: Positive, supporting the bullish trend.
- EMA: EMA 50 > EMA 200, a bullish signal.
- Trend Strength: Thick green cloud and buy signals indicate a strong uptrend.
- Chart Pattern: Triangle breakout.
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TF 4H:
- SMC: The price is in a clear uptrend after breaking out of a significant resistance level.
- ICT: The price is holding strongly above both EMA 50 and EMA 200.
- Buyside & Sellside Liquidity:
- Buyside Liquidity: No significant resistance nearby.
- Sellside Liquidity: $58,000 (around EMA 50)
- Money Flow: Positive, supporting the bullish trend.
- EMA: EMA 50 > EMA 200, a bullish signal.
- Trend Strength: Green cloud and buy signals indicate an uptrend.
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TF Day:
- SMC: The price is in a clear uptrend.
- ICT: The price is holding strongly above both EMA 50 and EMA 200.
- Buyside & Sellside Liquidity:
- Buyside Liquidity: No significant resistance nearby.
- Sellside Liquidity: $50,000 (around EMA 50)
- Money Flow: Positive, supporting the bullish trend.
- EMA: EMA 50 > EMA 200, a bullish signal.
- Trend Strength: Thick green cloud and buy signals indicate a strong uptrend.
Day Trade Strategy (SMC):
- Buy on Dip: Wait for the price to pull back towards the EMA 50 support on the 15m TF (around $61,500 - $62,000) or the lower boundary of the sideways range.
- Take Profit: Set a profit target at the Buyside Liquidity around $64,000.
- Stop Loss: Set a stop loss slightly below the Sellside Liquidity around $60,000.
Things to Watch Out For:
- Volatility: Bitcoin is highly volatile. Set your stop loss appropriately.
- False Breakout: Be cautious of false breakouts.
- News: Stay updated on news that may impact Bitcoin's price.
Summary:
Bitcoin is in a bullish trend across all timeframes but is experiencing a short-term consolidation. The recommended day trade strategy is "Buy on Dip," with a profit target of $64,000 and a stop loss slightly below $60,000.
Disclaimer: This analysis is for informational purposes only and represents a personal opinion. It is not financial advice. Investing in cryptocurrencies involves significant risk. Investors should conduct their own research and exercise due diligence before making any investment decisions.
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