Bitcoin Analyze🗺️(15-Min)

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.
--------------------------------------------------------------------------------
🌐➕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.

تم فتح الصفقة

تعليق:

The waves have been updated, but I am still long.

Time frame = 1 Hour

تعليق:

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

تعليق:

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.

تعليق:

So, the best⛔️ SL⛔️ for this scenario can be $24,880.