Cryptocurrency Pair Analysis by @danish578

I want to clarify that I am not assuming responsibility for anyone here, and this is not a signal. I am simply sharing my market perspective.

BTCUSDT

M5

The analysis has pointed out that the BTCUSDT pairing on the M5 timeframe is currently experiencing a downtrend, suggesting a decline in its value. Considering this trend, it might be a wise decision to think about selling the asset. In further examining the market, I have pinpointed a specific point at which we could initiate our sell entry. This point aligns with trendline liquidity, adding a layer of confidence to our potential trade. In simpler terms, it's a situation with a high likelihood of success.

As part of our strategy, we aim to target the M5 main low as our selling point. This means we anticipate the price to reach a certain level before we consider making a move. Additionally, we have flexibility in our approach. We can choose to either partially exit our position, meaning sell only a portion of our assets, or set a breakeven point. Setting a breakeven point implies that if the price moves in our favor by 30%, we adjust our selling point to cover our initial investment, ensuring we don't incur losses. This gives us some room for risk management and potential profit.

M15

The study shows that BTCUSDT on the M15 timeframe is going down, meaning its value is going lower. So, it might be a smart idea to think about selling because of this trend in the market. I found a specific point where we can sell. Also, there's a good amount of money available at the highest point of the day before today (PDH). We can use this after we get the money available at the highest point of M15 (M15 PDH). And, there's also money available along a line that shows the trend, which is the same for both M15 and M5 timeframes. This makes it more likely that our plan will work out.

Our main goal is to reach the lowest point of M15. That's where we want the price to go before we decide to sell. But, we can be a bit flexible. We can either sell only a part of what we have or make sure we don't lose money after the price moves 30%. This flexibility helps us control the risks well and might help us get the most money out of this trading situation.

H1

The analysis shows that BTCUSDT on the H1 timeframe is going up, meaning its value is increasing. We already bought some, and now we are waiting for our take profit (TP) to happen at the highest point it reached before.

Our plan to buy was thought out carefully. We noticed a Strong Low, which is like a point where the price doesn't go down much. This happened after a sweep of liquidity, where a lot of buying and selling takes place. After this sweep, the low point changed, and then another sweep happened, leading us to start our trade using something called the Stop-Climax Order Book (SCOB) strategy. Right now, we want the price to go up to the highest point it reached before.

We made some money already by selling a part of what we bought. The rest of what we bought is still with us, and we've set a point where even if the price goes down a bit, we won't lose any money (breakeven point). This way, even if the market changes a bit, we won't lose the money we put in at the beginning, and we can still make more money if things go well.

H4

The analysis shows that BTCUSDT is going up when we look at the H4 timeframe, which means the value is increasing. But because we're looking at a longer timeframe (H4), the point where the price will change a lot isn't close.

Now, we want to find chances to sell. There are two ideas we have. First, we can sell when all the buying and selling action from the high point before is done (we call this liquidity), and we can use a strategy called Stop-Climax Order Book (SCOB) for this. Another option is to sell when the way prices are changing on a smaller timeframe is different, and we can keep trading on that smaller timeframe until the point where the price will change a lot is managed.

After we manage that point where the price will change a lot, we might want to buy from that point. When we're selling, our goal is to reach the highest point the price has reached before, and it needs to be a strong high.

This way of working with the market helps us adjust to how things are right now. We're thinking about selling for now and getting ready to buy later when the point where the price changes a lot is managed. This way, we're going along with the current trend in the market.

Analyzed by	@danish578
Source	Trading view
Pairs	BTC/USDT
Community	Steem4Bloggers
Beneficiaries	25% @null
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