Bitcoin Analysis (↗️Long↗️/↘️Short↘️Position)
Updated
🏃♂️After failing to break the Support line, Bitcoin started to rise and is currently moving in the 🟢Support zone($42,780-$42,280)🟢.
🌊In terms of Elliott waves, Bitcoin seems to be completing microwave 4.
🌊The structure of microwave 4 is Double Three Correction(WXY).
🔔I expect Bitcoin to rise to the upper areas of the 🔴Resistance zone($43,720_$43,340)🔴 and then start to decline again.
🧐What was the reason for the growth of Bitcoin in the last 24 hours❗️❓
🔸 The first news of the receipt of the spot Bitcoin ETF application file by the Swiss company Pando is 3 weeks after this company's request by the SEC, which made many people hope for the approval of Bitcoin ETFs.
🔸But receiving the file does not mean approval and it is part of the standard process of reviewing ETFs by the US Securities and Exchange Commission (SEC).
🔸The second positive news is the listing of ARK 21Shares spot ETF in DTCC broker, which has caused this positive news to affect Bitcoin.
❗️⚠️Note⚠️❗️: The scenario will change if Bitcoin can close a candle in the 4-hour time frame above the Master Candle.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🌊In terms of Elliott waves, Bitcoin seems to be completing microwave 4.
🌊The structure of microwave 4 is Double Three Correction(WXY).
🔔I expect Bitcoin to rise to the upper areas of the 🔴Resistance zone($43,720_$43,340)🔴 and then start to decline again.
🧐What was the reason for the growth of Bitcoin in the last 24 hours❗️❓
🔸 The first news of the receipt of the spot Bitcoin ETF application file by the Swiss company Pando is 3 weeks after this company's request by the SEC, which made many people hope for the approval of Bitcoin ETFs.
🔸But receiving the file does not mean approval and it is part of the standard process of reviewing ETFs by the US Securities and Exchange Commission (SEC).
🔸The second positive news is the listing of ARK 21Shares spot ETF in DTCC broker, which has caused this positive news to affect Bitcoin.
❗️⚠️Note⚠️❗️: The scenario will change if Bitcoin can close a candle in the 4-hour time frame above the Master Candle.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
↗️Long↗️ PositionNote
Double my volume @41720.0 USDT, then transfer my Stop Loss(SL) to $41140.00 USDTNote
After touching TP($43,370), we can open the short position.Trade closed: target reached
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