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Cryptoalert

Bitcoin Update - Falling wedge (reversal pattern)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 extreme fear in 1 day. And here's where it gets interesting. In my previous post I told everyone that when most of the "investor" are fearfull, and picturing a bearish scenario. It means that YOU as a trader don't have an edge anymore, because everyone is saying the same thing. So maybe one of the "hidden" confirmations are the RSI results. If you look at the RSI, and at the price action. You can clearly see that there is a divergence. Price is making lower lows but the RSI isn't. And since everyone is shitting their pants, this may be the perfect opportunity for Bitcoin to do the "unexpected". Conclusion? Wait for a confirmation, both for the breakout downwards or upwards. DON'T FORGET TO LIKE THIS, if you want to support this idea😊 Xie Xie ni✌️
Long
by EliteTradingX
Bitcoin Update - THIS CAN BE A TRAP!!!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 scenario, then where's is your EDGE? If the whole world is thinking the same thing, then YOU as a day trader don't have an edge anymore. And in order to have an EDGE, you must do and think what other people don't. I hope you get the point. This is the same scenario when Bitcoin was going up and it hit 69K on 10 November 2021. Everyone was SCREAMING: "Bitcoin to 100k" Everyone was thinking and saying the same thing, so that means that there was no edge anymore. And what happend? The exact opposite! Bitcoin went down to 42K! Right now, everyone is shitting their pants. Almost everyone is talking about bitcoin making lower prices. Right now, people are fearful, they're anxious, and they don't know what's going on. So guess what? The exact opposite can happen. If you look at the 4 hour chart above, there was a bearish candle that closed right into support. As long as Bitcoin doesn't break that support level, there's no need to be bearish! The moment Bitcoin breaks that support level then we can begin looking for short positions. Conclusion, I'm not saying that we will see 100k Bitcoin. I'm just saying that if everyone is saying the same thing, then there must be another way. When everyone is greedy, be fearful. And when everyone is fearful, be....
by EliteTradingX
10
Bitcoin update - What's Bitcoins next step?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 ATH's. But if you look at the weekly chart, you can see that if the 50 EMA doesn't hold the price up. We could be in for a bearish continuation. Back in April, when Bitcoin dropped 24% from it's ATH - the MACD made a bearish cross and then the price dropped 55% if you look at it from the ATH perspective. Now in the present moment, Bitcoin dropped 28%, and the MACD made a bearish cross again. This means that if the price will drop 55% like it did in April, we could see prices around 30k. But, and this is a big but. Back in April, the 50 EMA acted as support. If this happens again, then we won't see such a drop like in April. Because you can see that the market is currently reacting to the 50 EMA . So conclusion is, that if Bitcoin doesn't break the 50 EMA , we're okay. As always, don't forget to like this idea so you can support this. And if you don't like my analysis, feel free to follow me.✌️
by EliteTradingX
2
Bitcoin Update - What will happen now??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 down. Why? Because it can be retesting the support level or it can turn out to be a false breakout. If we look at the RSI, we can see that there's a divergence. But, we can also see that the RSI broke the trendline that was acting as a support level. So what is the conclusion? If the the Head and Shoulders will play out, we can see a price movement towards $43713.29. If the price goes up, then this was a false breakout. But keep in mind, Head and Shoulder Patterns play out more than 80% of the time. Either way, the market will tells us wether we should take a buy order or sell order.
by EliteTradingX
XRP Update - Why is XRP not moving❓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. - XRP is still trading above the 50 EMA . What could be against the price going up?: - We see a divergence. The price made higher highs but the RSI made a double top . - BTC is not acting really strong. Conclusion: I think that it's pretty normal that XRP is taking a "break" because it already had a run. And as we can see, it's forming a bull flag . If the bull flag plays out, that means that we will get passed the resistance level of $1.30 and our next target will be around $1. 40 . But, I think you should keep an eye on XRP cause I don't trust it. That's it for this analysis. If you love XRP or crypto, follow me ;). See ya✌️ ❤️Don't forget to support this idea with a like❤️
Long
by EliteTradingX
2
XRP EXPLOSION💥 - What will happen??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 232%. Now, if we're going to look at the symmetrical triangle that we have right now. We can see that XRP followed almost the exact same pattern like it did back in April. I've highlighted it with the white arrows in the triangle. If XRP is going to follow approximately the same breakout, that's when we will look at the green candles that I placed above the triangle. Those green candle are just a copy of the candles from the previous breakout. Our Price target for XRP is around $2.49. That's the target of the symmetrical triangle. And if you look at the candles from the previous breakout, they have the same target. They even go beyond that. Something else that's good to notice is that XRP is broke out in the vertex of the triangle in April. This is a good sign because it can signal an explosive move. If you look at XRP now, it also broke out of the triangle when it was trading in the vertex. Conclusion: XRP is following almost the same pattern. It's a currency that has great fundamentals and the charts are speaking too. That's it for this analysis. If you think this was valuable or you agree with it, don't forget to support this idea with a like. If you think this analysis was shit, feel free to follow me. See ya✌️
Long
by EliteTradingX
2
XRP - Potential Downmove ⚠️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 only happens if the price closes below the neckline of the pattern, and even then, anything can happen in crypto. Just wanted to share this with you. XRP is definitely still performing well, so don't panic. Don't forget to support this idea by giving it a like, and if you don't like it you can follow me. That's it for this analysis, see ya✌️
by EliteTradingX
15