Hi everyone👋.
🌐After 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.
🌊According to the theory of Elliott waves, it seems that Bitcoin is going to complete its corrective waves today.
🌊The structure of the first corrective wave was the Leading Diagonal.
🔔I expect the corrective waves to last at least as far as the 🎯target🎯 I have marked on the chart.
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🌐➕Positive News➕🌐:
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.
🌐➖Negative News➖🌐:
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 ⏰.
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 ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🌐After 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.
🌊According to the theory of Elliott waves, it seems that Bitcoin is going to complete its corrective waves today.
🌊The structure of the first corrective wave was the Leading Diagonal.
🔔I expect the corrective waves to last at least as far as the 🎯target🎯 I have marked on the chart.
--------------------------------------------------------------------------------
🌐➕Positive News➕🌐:
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.
🌐➖Negative News➖🌐:
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 ⏰.
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 ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
The waves have been updated, but I am still long.Time frame = 1 Hour
Note
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
Note
During the last 3-4 hours, I risk-freed my two positions (the important thing is not to lose😊).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.
Note
So, the best⛔️ SL⛔️ for this scenario can be $24,880.
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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.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
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.