Technical Analysis
23 Nov 2019 1 minute read 0 comments 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...
18 Nov 2019 1 minute read 3 comments 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...
9 Nov 2019 1 minute read 2 comments 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 ...
8 Nov 2019 1 minute read 0 comments 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...
6 Nov 2019 1 minute read 2 comments 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...
2 Nov 2019 2 minute read 4 comments 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...
31 Oct 2019 1 minute read 3 comments 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...
30 Oct 2019 1 minute read 0 comments EliteElliott
We are going to look at a Fractal on the BTC chart, but before we do that, I want to say that just because something has happened in the past, there is no guarantee it will happen again because we know, past performance is not indicative of future re...
29 Oct 2019 1 minute read 1 comment EliteElliott
BTC is in a unique position once again where a Decision has to be made. -On the Daily Time frame, we can see how well the Price has adhered to the Fork. Since the beginning of the Correction BTC wasn't able to push through the Yellow Median line. -Wh...
27 Oct 2019 1 minute read 2 comments EliteElliott
On the weakly BTC chart, we can see a clear Breakout from the downtrend, however, the Candle is still developing as we speak, therefore we need to wait for it to close above the trend line. -On the Daily Time frame, we have seen a Candle closure abov...
