Crypto Elite Elliott

2021-06-21 19:09:53 BTC has made another leg down as the Bulls were unable to hold 35K. The sell-off that has soon followed pushed the price back down towards the Support Level around 30K, but the price didn’t make its way down there (at least for now) as the Bulls have stepped in and defended the previous low around 31700$ that was established on the 8th of June.

The Bulls will have to defend this level if they want to prevent the Bears from inflicting another devastating blow to BTC which could have the potential to send the price below the important 30K Level. Open / Comment

2021-06-19 17:49:09 The Bulls have once again failed to turn 38K into Support which has allowed the Bears to initiate an attack and force BTC back below it.
As soon as the price broke through 38k and the Trend-Line, the correction has accelerated pushing BTC back down towards the previous low located around the 35K area.

The Bulls are now desperately trying to hold this area because if it is lost, then the probability of BTC falling towards the 30K Support Level would increase significantly. Open / Comment

2021-06-16 19:50:43 ETH got rejected from the previous high of around 2620$ and made its way back to the 2525$ Level, which has failed once more to provide Support.

The Bulls will have to reclaim this Level and turn it into Support if they want to have a chance of pushing ETH higher, however, if they fail and the price drops down and the low around the 2300$ area gets taken out, then the probability of ETH creating another Lower Low would increase significantly. Open / Comment

2021-06-16 19:49:58 The Bulls could not keep up the momentum as BTC has seen yet another rejection from the 41K area and now it is on its way back down towards the 38K Level.

In the past, this level has failed to provide a floor under BTC on many occasions as the Bulls were unable to flip it from Resistance to Support.

If they fail again, then the price could fall back into the Descending Channel which would be a bearish sing. Open / Comment

2021-06-15 16:28:15 BTC ended up breaking out from the Descending Channel which has created enough momentum to finally break the 38K Resistance Level as the price went straight through reaching 41K.

Once a rejection around the 41K level has occurred, BTC started to consolidate and it could be forming a Bull-Flag on the 4H chart. If the Bulls keep up the momentum, then a breakout to the upside could push the price towards the next Resistance Level at 44300$.

On the other hand, if the momentum weakens here then, BTC could revisit the 38K level, which would give an excellent opportunity for the Bulls to flip it into Support. Open / Comment

2021-06-15 12:53:42 The second target on the ETH trade has been hit. Closed 25% of the position at 50% profit. Stop Loss has been moved to the 1st target to lock-in 20% profit Open / Comment

2021-06-14 16:39:52 If you are interested, you can Subscribe to our VIP group for less then an EUR/DAY: https://www.patreon.com/cryptoeliteelliott Open / Comment

2021-06-14 16:39:21 The first target on the ETH trade has been hit. Closed 25% of the position at 20% profit. Stop Loss moved to Entry. Open / Comment