Hi everyoneð.
ðAfter the SEC announced the delay in the review of the Bitcoin ETFs yesterday, the market started to fall again; maybe this fall is a prelude to September, which has mostly been a bearish month in these years.
ðAccording to the theory of Elliott waves, it seems that Bitcoin is going to complete its corrective waves today.
ðThe structure of the first corrective wave was the Leading Diagonal.
ðI expect the corrective waves to last at least as far as the ðŊtargetðŊ I have marked on the chart.
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ðâPositive Newsâð:
Dogecoin and Bitcoin Get Boost from Robinhood.
Bitcoin ETFs have 75% chance of approval this year: Bloomberg analysts.
Bitcoin Holdings on Crypto Exchanges Dwindle to 2M, Fewest Since January 2018.
ðâNegative Newsâð:
Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks.
SEC delays decisions on bitcoin ETFs from firms including BlackRock and Fidelity.
SEC Postpones Verdict on 7 Spot Bitcoin ETF Applications.
Bitwise withdraws Bitcoin and Ether Market Cap ETF application.
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Bitcoin Analyze ( BTCUSDT ), 15-minute time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
ðAfter the SEC announced the delay in the review of the Bitcoin ETFs yesterday, the market started to fall again; maybe this fall is a prelude to September, which has mostly been a bearish month in these years.
ðAccording to the theory of Elliott waves, it seems that Bitcoin is going to complete its corrective waves today.
ðThe structure of the first corrective wave was the Leading Diagonal.
ðI expect the corrective waves to last at least as far as the ðŊtargetðŊ I have marked on the chart.
--------------------------------------------------------------------------------
ðâPositive Newsâð:
Dogecoin and Bitcoin Get Boost from Robinhood.
Bitcoin ETFs have 75% chance of approval this year: Bloomberg analysts.
Bitcoin Holdings on Crypto Exchanges Dwindle to 2M, Fewest Since January 2018.
ðâNegative Newsâð:
Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks.
SEC delays decisions on bitcoin ETFs from firms including BlackRock and Fidelity.
SEC Postpones Verdict on 7 Spot Bitcoin ETF Applications.
Bitwise withdraws Bitcoin and Ether Market Cap ETF application.
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
We can see a Regular Divergence (RD+) between the price and the RSI indicator between the two bottoms created.
Also, the Regular Divergence (RD+) between volume and price can be clearly seen.
Time frame = 1 Hour
We can see a Regular Divergence (RD+) between the price and the RSI indicator between the two bottoms created.
Also, the Regular Divergence (RD+) between volume and price can be clearly seen.
Time frame = 1 Hour
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
During the last 3-4 hours, I risk-freed my two positions (the important thing is not to loseð).
Transfer Stop Loss(SL) to Entry Point(EP) = Risk Free
I expected wave 5 to finish on the support line, but the wave count is still standing.
If Bitcoin touches $ 24,880, the Scenario will change.
Transfer Stop Loss(SL) to Entry Point(EP) = Risk Free
I expected wave 5 to finish on the support line, but the wave count is still standing.
If Bitcoin touches $ 24,880, the Scenario will change.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
So, the bestâïļ SLâïļ for this scenario can be $24,880.
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ðif you want to learn Technical Analysis = Please Contact með t.me/Ad_ProTrader365
Time frame = 1 Hour