EliteTradingX

EliteTradingX

Dear people, It's been a long time since I posted something, but here I am again. Let's get right into it. All markets are looking bearish so let's go over each of them. Chart 1 (Main Chart) - CRYPTO TOTAL MARKET CAP As you can see, the total market cap is trading right above a trendline and chances are high that it breaks below it. If this happens, then...

EliteTradingX

Hey guys, quick update here. Yesterday Bitcoin went down again. Now, everyone is very fearfull and now it's time to start thinking wether the bull party is over or not. What do wee see on the chart? - You can see that Bitcoin is still in a falling wedge pattern. - Bitcoin is now testing a critical support level. - Bitcoin has been trading below the 50 EMA...

EliteTradingX

Hi guys! As many of you know, fear is everywhere right now. People are scared. Which begs the question, is it time to buy? Let's see what we have on the chart. One of the bullish signs is that Bitcoin made a triple bottom. This shows that the market wasn't able to push the price lower. What's also interesting to recognize is that before BTC pushed higher, there...

EliteTradingX

Hi guys! I think the chart can talk for itself. You can see that there's a trendline, which has been respected by BTC several times. As long as that doesn't break, I will not be bearish. You can see that we can spot a divergence, that's pretty clear too. So let's summarize what we see on the chart. - Divergence = RSI is making higher lows than the Bitcoin...

EliteTradingX

Hi guys! Alright, we will get straight to the point. There's a falling wedge on the 4 hour chart, which means that there can be a bullish reversal. But, there's something that can be quite ambiguous. You can clearly see that the chart is picturing something that could look like a bullish reversal. But, the Crypto Fear & Greed Index has gone from 29 fear, to 25...

EliteTradingX

Hey guys, listen to this quick update. We're going to get straight to the point. Everyone is bearish about Bitcoin, right? If you look at the fear and greed index, you can see that there's a lot of fear. Yesterday, there was extreme fear around 21. And today there's still fear, around 28. But that's the good news. If everyone is talking about a bearish Bitcoin...

EliteTradingX

Hi guys! In my previous analysis we talked about the head and shoulders that Bitcoin was making. Eventually the market did indeed create lower prices, and there where a lot of Altcoins that went -15%. However, Bitcoin didn't reach the Head and Shoulder Price Target. Some people are saying that this is now the moment where Bitcoin will turn around, and create new...

EliteTradingX

Hi guys! It's been a long time since a did an analysis, sorry about that thoooooo! Anyways, you can see a Head and Shoulders on the chart. Don't understand why everyone isn't talking about this. On this chart, you can see that it seems like the support level has been broken. However, on the 1 hour time-frame, there's no confirmation that Bitcoin will actually go...

EliteTradingX Updated 

Hi boys and girls! Welcome back to another analysis. We're going to get straight to the point so let's begin. We can see that SHIB is trading in a symmetrical triangle. The price can go 2 ways. Either it breaks out to the upside or the downside. So what do we see on the chart: - We see a symmetrical triangle - Bollinger Bands are shrinking = potential...

EliteTradingX

Hi boys and girls. All of you probably know that BTC is taking dumps over and over again. If you're wondering what's happening and what will happen - I can give you my opinion and analysis. So, you can see that BTC broke the 62k support level and is now "trying" to break the 60k support level. If a candle closes below the the 60k level then we could see a retest...

EliteTradingX

Hey ladies and gentlemen. As many of you know, and hopefully all of you otherwise you haven't been paying attention to the market. XRP took a big hit yesterday. Because BTC had it's unique moments again. Hopefully no one took a big loss, if so - it's gonna be okay, you'll make the money back. So, what do we see on the daily chart?: Wen can see an ascending...

EliteTradingX Updated 

Hi people from Tradingview and my lovely followers. I want to give all of you a quick update on XRP. So, as you can see, that XRP has had some resistance close to the $1.30 area. The price was rejected there multiple times. So, what do we see on the chart?: - XRP is creating a bull flag pattern. - Maybe the median of the Bollinger Bands can act as support. -...

EliteTradingX

Helloooo ladies and gentleman. Just a quick update on Cardano. It has broken out of the descending triangle and has already hit my first target.

EliteTradingX

Hi guys!! I've got something I want to share with you. In case you didn't know, XRP, BTC and ETH and many other coins are going up right now. But we, are going to focus on XRP for today. As you can see on the chart. The price action of XRP had a similar symmetrical triangle in the past. When it broke out, it broke out aggressively. It had a price increase of...

EliteTradingX

Hello ladies and gentleman. I have some very interesting news to share about BTC. Third-Largest Bitcoin Whale Sold at $56K and Bought Back at $57K a Day Later. 494 BTC was bought right on spot. Around $28,000,000.00 And the Bitcoin Illiquid Supply Shock Ration has surpassed it's 2021 ATH. That means that the supply in BTC is decreasing while demand is...

EliteTradingX

Hey guys!! I told my followers that I would alert when I was getting into XRP, and when I thought it was safe to say so...so here I am. As you can see, there was a reversal at a key level. This key level was an area of support and it was also the target price of the Head and Shoulders pattern. I bought at $1,1485 and I would say that if the price closes beyond...

EliteTradingX Updated 

Hello ladies and gentleman, I have discovered a new trading opportunity. As you can see, Moonriver is forming a symmetrical triangle. It broke out to the upside, but now it's retesting the resistance level of the triangle. If BTC isn't gonna be the annoying currency like we know it sometimes, then there's a good chance that Moonriver can increase 86%. First...

EliteTradingX Updated 

Hi guys, just wanted to make a quick update for you. I saw something quite interesting on the XRP chart. Right now, BTC isn't performing well and this has an effect on XRP. Besides that, as you can see on the chart, XRP is forming a Head and Shoulders Pattern. The target price of the H&S pattern is around $1.1130. That's a decrease of almost 5%. Of course this...