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EliteElliott

We are a Group of traders who are eager to Master the Art of Chart Reading using the Elliott Wave Theory. Come and join us on our journey to Financial Freedom.

Joined October 2019 48 Followers

EliteElliott

How deep the Correction will be? (BTC)

20 Jan 2020 1 minute read EliteElliott

It was an eventful January when it comes to the Crypto Markets, to say the least, let's see what has happened so far by analyzing the BTC chart.:   Since we highlighted the formation of the Inverse Head&Shoulders pattern, BTC has made a nice run-up,...

Did BTC fail to find a Bottom?

2 Dec 2019 1 minute read EliteElliott

Let's see what has happened since we called the formation of the Inverse H&S pattern:   As soon as the Neckline has been breached BTC started to move up towards the Target of this formation creating a nice Short-Term Uptrend (Higher Highs and Higher...

Could this be the Bottom for BTC?

26 Nov 2019 1 minute read EliteElliott

We have seen some interesting Price Action on the BTC Chart over the last few days which has raised more questions then answers for sure.   Let's look at the Chart and see if we can make any sense of it all:   Once the Price dipped below the 0.618 Fi...

Can BTC be saved?

23 Nov 2019 1 minute read EliteElliott

Once again BTC is hovering around a key technical level. Whatever happens here will define the direction for the foreseeable future. The Bulls have their final chance to change the narrative and put an end to this Downtrend. Looking at the Chart we c...

Decision time! (BTC)

18 Nov 2019 1 minute read EliteElliott

Finally, BTC has reached the Zone of Interest. As mentioned earlier, we were expecting to see some sort of reaction around this area. Let's take a look at the Chart and see what is happening:   On the 4 Hr Chart we can see a clear Divergence as the P...

Analyzing the latest move on BTC 

9 Nov 2019 1 minute read EliteElliott

  When you know what to look for, you won't get surprised, when BTC decides to make a move. All the information that you need, to make an educated/calculated decision, is in front of you, hidden in plain sight. All we need to do is to train our eyes ...

It was a healthy move (BTC)

8 Nov 2019 1 minute read EliteElliott

As we highlighted in the previous post, BTC had to choose a direction because of the Squeeze that has occurred on the Chart and sure enough, it has made a decision, probably the least favorable one of the two.   When BTC broke below the Trend Line, i...

Inside the Flag

6 Nov 2019 1 minute read EliteElliott

BTC is still trying to push through and get a candle closure above the Resistance Zone (on the Daily Time Frame). So far every attempt has failed. It should not be a surprise, because this is the most significant Zone since the peak of 14K. For a lon...

BTC/USD Mid Term Analysis (TA Master)

2 Nov 2019 2 minute read EliteElliott

Bullish Scenario As the picture shows above, we believe that an entire Elliott Wave Cycle has ended. We can see a 5 Wave Impulse move to the upside followed by a WXY Correction pattern. There are several reasons why we think this is the case: When w...

The search for Support

31 Oct 2019 1 minute read EliteElliott

The Price of BTC is now searching for Support. Once the run-up, what we have seen last week, faced resistance at the Median Line of the Pitch Fork(yellow line), BTC started to pullback. There is nothing to worry about (yet) because this is a healthy...