0x ZRX/BTCback above the 14 ema
risk reward not good enough for me, I wouldn't buy at this price.
So I'm patient didn't got the entry not rushing anything staying on the safe side on this one.
there may be a play here to buy as rsi is cooling off but the question is to go down or up ?
like, subscribe and share
It doesn't cost you anything :)
good luck
DISCLAIMER:
The Legal stuff - I'm not financial adviser.
0xbtc
ZRX Upside potential0x (ZRXBTC) reacted from support last week and rallied.
This week we saw the same reaction after price hit support once again.
If price continues its rally, we can expect a break through the 0.0002 resistance area, followed by a retest and continuation higher.
If the resistance level holds price and we see a drop, we can expect it the reach the 0.00014 support level one more time.
Good Luck,
CryptoTrendline
0x entry now or later.0x is up and will remain up for the short term as the expectations of it having been acquired by Coinbase are going to generate a lot of interest. That said, Coinbase will not be listing this token as soon as the holders want them to. The daily RSI may drop below 30 midsummer when people grow impatient or forgetful. That said, the buy in at the daily RSI low, could definitely be higher than the price is currently. I've been accumulating this coin on dips and will hold until I know its eventual fate. If charts present the chance to sell, and buy more back, I will keep an open mind, but for now this is a #HODL all the way. It may not rocket the way anyone is expecting it to. But I believe retail money, Coinbase investors will see a coin probably under $2 USD and think, "hey, a hundred bucks gets me 50 coins" and that will be super appealing to the low level investor. That $2 coin could be $5 by Halloween. That's just the way I see it from here, and based on the XRP hype at the beginning of this year, which saw that coin hit All Time Highs. 0x is far more under the radar of the average crypto dabbler so when the sun eventually shines on it, it could moooooon. $5k in 0x now could be a very nice Christmas bonus.
Anyway. I'm sharing what I'm doing with what coins I think have a shot. ZRX has HUGE upside right now.
ZRX 0x buy zoneas requested from a few here you go
I don't like the setup to buy short term it can go either way imo.
For me the target is around 14k and lower if it gets there
Sorry to say I don't see any bullishness in 0x only downside at this moment.
SHORT TERM bearish
LONG TERM bullish 50$ -100$ is possible not certain just a crazy prediction XD
DISCLAIMER:
The Legal stuff - I'm not financial adviser.
0x - promising technology Coin of the day is 0x.
Decentralized exchanges(DEX’s) is one of the hot topics in 2018. Many believe that soon DEX’s will replace centralized exchanges, as their philosophy fits better to the crypto world. If such things are about to happen, the logical conclusion is to bet on technology providers.
0x(ZRX) is an ERC20 based protocol designed to offer a decentralized exchange as part of the Ethereum blockchain. The main idea of 0x creators Will Warren and Amir Bandeali was that any use case that involves an exchange of different assets can eventually be built using 0x.
Latest news
May 23 – Coinbase acquires cryptocurrency trading 0x based trading platform Paradex.
Cryptocurrency exchange Coinbase has acquired Paradex, a platform that enables users to trade virtual coins directly with each other, the San Francisco-based company said on Wednesday.
Coinbase plans to make some enhancements to the technology and launch Paradex's services to customers outside of the United States, enabling them to trade "hundreds of tokens," it said.
Technicals
Sustained growth already brought ZRXBTC price higher than the all-time peak at 0.0002, and expectedly threw the coin back into a correction. The correction did not take long and the price peaked-up with huge volumes getting close to the all-time high 0.0002 level again. In case of a breakthrough of this zone, the price will not have any resistance from above thou could go high. From the below, Bullish Trend Line and 100-days EMA would serve as a long-term supporting levels for the growth scenario.
ZRX 0x- just a simple chart and looking bearish short termhere is my current views on 0x
- 0x has respected these fib levels well and is looking to test the 0.5 fib at 13000 sats
- will look to enter a long entry in the 13200-12900 range
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
0x: COINBASE ACQUISITION OF DDEX- PROFIT = 54.35% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 23rd of May 2018 .
Using this buy in point and selling at today's peak price, you would have expected to net 54.35% PROFIT!!! IN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
Feb 7: OpenFinance completes the world’s first ever fully compliant security token trade via the 0xProject protocol!
March 24: 0x announces 0x Trade Widget (allows users to instantly buy Ethereum tokens with 0x protocol).
April 5: 0x announces 0x Protocol v2.
April 6: 0x tokens are ablet to be traded on Abra wallets.
April 19: 0x announces that its protocol enables Compliant peer-to-peer trading allowing for widespread DEX adoption (by meeting KYC and AML requirements).
April 26: 0x announces the Bloqboard, the first live Dharma Debt Relayer is launched.
April 26: 0x announces SharkRelay was released live on it mainnet.
April 27: 0x announces Short selling and leveraged long trading coming to decentralized exchanges soon via dydxprotocol
May 2: Radar Relay (facilitates wallet-to-wallet trading using an open order book) using the 0x protocol facilitates $100 million worth of volume during their beta period.
May 2: Rumours released that 0x will be released on Coinbase.
May 3: Bambo Relay is released. It is a ERC20 relayer that is built on the 0x protocol. It has the following features:
- Trade directly from your Ledger Wallet
- Night and day mode for the UI
- Trollbox
- The ability to trade any ERC20 compatible token
- Standard Relayer API endpoints
- Free trades during the beta
May 3: Radar Relay (which uses the 0x token) is available in Chinese and Korea.
May 9: 100,000 lifetime trades hit on the 0x protocol.
May 9: Announcement of 0x Protocol v2. The changes are as follows:
-Generalized Asset Transfer Proxy
-Batch Transfers in Proxy
-Atomic Order Matching
-Forwarding Contract
-Gas cost analysis
-Combinatorial Testing
May 20: 0x announces launch date for the 0x Protocol v2 = July 2018
(NEW) May 24: DDEX announces Japanese Trading Interface.
(NEW) May 24: Coinbase acquires cryptocurrency trading platform Paradex. Paradex uses the 0x protocol.
The general uptrend in the crypto markets as well as the positive developments. This is great news in the face of a declining cryptocurrency market.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
0x: NEW DEVELOPMENTS - PROFIT = 20.53% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 18th of May 2018 .
Using this buy in point and selling at today's peak price, you would have expected to net 20.53% PROFIT!!!
The increase in price may also be explained by positive developments including:
Feb 7: OpenFinance complets the world’s first ever fully compliant security token trade via the 0xProject protocol!
March 24: 0x announces 0x Trade Widget (allows users to instantly buy Ethereum -0.61% 0.03% tokens with 0x protocol).
April 5: 0x announces 0x Protocol v2.
April 6: 0x tokens are ablet to be traded ion Abra 3.03% wallets.
April 19: 0x announces that its protocol enables Compliant peer-to-peer trading allowing for widespread DEX adoption (by meeting KYC and AML -2.99% -4.93% 2.71% requirements).
April 26: 0x announces the Bloqboard, the first live Dharma Debt Relayer is launched.
April 26: 0x announces SharkRelay was released live on it mainnet.
April 27: 0x announces Short selling and leveraged long trading coming to decentralized exchanges soon via dydxprotocol
May 2: Radar Relay (facilitates wallet-to-wallet trading using an open order book) using the 0x protocol facilitates $100 million worth of volume during their beta period.
May 2: Rumours released that 0x will be released on Coinbase.
May 3: Bambo Relay is released. It is a ERC20 relayer that is built on the 0x protocol. It has the following features:
- Trade directly from your Ledger Wallet
- Night and day mode for the UI
- Trollbox
- The ability to trade any ERC20 compatible token
- Standard Relayer API endpoints
- Free trades during the beta
May 3: Radar Relay (which uses the 0x token) is available in Chinese and Korea.
May 9: 100,000 lifetime trades hit on the 0x protocol.
May 9: Announcement of 0x Protocol v2. The changes are as follows:
-Generalized Asset Transfer Proxy
-Batch Transfers in Proxy
-Atomic Order Matching
-Forwarding Contract
-Gas cost analysis
-Combinatorial Testing
(NEW) May 20: 0x announces launch date for the 0x Protocol v2 = July 2018
The general uptrend in the crypto markets as well as the positive developments above have caused an increase in demand for the 0x token which have forced up prices.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
ZRX Upside potentialZRX (ZRXBTC) has been dropping down the last few days following the rally that made a new all time high.
If price continues to drop, we can expect a reaction from the support level around 0.00014 and a new rally.
If price reaches the resistance level around 0.000195 first, then we may see a drop before the rally restarts.
If price breaks through the resistance level, we can expect a retest of that area potentially followed by new all time highs.
Good Luck,
CryptoTrendline
0x: NEW DEVELOPMENTS - PROFIT = 22.34% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 6th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 22.43% PROFIT!!!
The increase in price may also be explained by positive developments including:
Feb 7: OpenFinance complets the world’s first ever fully compliant security token trade via the 0xProject protocol!
March 24: 0x announces 0x Trade Widget (allows users to instantly buy Ethereum 0.03% tokens with 0x protocol).
April 5: 0x announces 0x Protocol v2.
April 6: 0x tokens are ablet to be traded ion Abra wallets.
April 19: 0x announces that its protocol enables Compliant peer-to-peer trading allowing for widespread DEX adoption (by meeting KYC and AML -4.93% 2.71% requirements).
April 26: 0x announces the Bloqboard, the first live Dharma Debt Relayer is launched.
April 26: 0x announces SharkRelay was released live on it mainnet.
April 27: 0x announces Short selling and leveraged long trading coming to decentralized exchanges soon via dydxprotocol
May 2: Radar Relay (facilitates wallet-to-wallet trading using an open order book) using the 0x protocol facilitates $100 million worth of volume during their beta period.
May 2: Rumours released that 0x will be released on Coinbase.
May 3: Bambo Relay is released. It is a ERC20 relayer that is built on the 0x protocol. It has the following features:
- Trade directly from your Ledger Wallet
- Night and day mode for the UI
- Trollbox
- The ability to trade any ERC20 compatible token
- Standard Relayer API endpoints
- Free trades during the beta
May 3: Radar Relay (which uses the 0x token) is available in Chinese and Korea.
(NEW) May 9: 100,000 lifetime trades hit on the 0x protocol.
(NEW) May 9: Announcement of 0x Protocol v2. The changes are as follows:
-Generalized Asset Transfer Proxy
-Batch Transfers in Proxy
-Atomic Order Matching
-Forwarding Contract
-Gas cost analysis
-Combinatorial Testing
The general uptrend in the crypto markets as well as the positive developments above have caused an increase in demand for the 0x token which have forced up prices.
0x: NEW DEVELOPMENTS - PROFIT = 36.43% !!!Our "Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 1nd of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 36.43% PROFIT!!!
The increase in price may also be explained by positive developments including:
Feb 7: OpenFinance complets the world’s first ever fully compliant security token trade via the 0xProject protocol!
March 24: 0x announces 0x Trade Widget (allows users to instantly buy Ethereum tokens with 0x protocol).
April 5: 0x announces 0x Protocol v2.
April 6: 0x tokens are ablet to be traded ion Abra wallets.
April 19: 0x announces that its protocol enables Compliant peer-to-peer trading allowing for widespread DEX adoption (by meeting KYC and AML 2.71% requirements).
April 26: 0x announces the Bloqboard, the first live Dharma Debt Relayer is launched.
April 26: 0x announces SharkRelay was released live on it mainnet.
April 27: 0x announces Short selling and leveraged long trading coming to decentralized exchanges soon via dydxprotocol
May 2: Radar Relay (facilitates wallet-to-wallet trading using an open order book) using the 0x protocol facilitates $100 million worth of volume during their beta period.
May 2: Rumours released that 0x will be released on Coinbase.
(NEW) May 3: Bambo Relay is released. It is a ERC20 relayer that is built on the 0x protocol. It has the following features:
- Trade directly from your Ledger Wallet
- Night and day mode for the UI
- Trollbox
- The ability to trade any ERC20 compatible token
- Standard Relayer API endpoints
- Free trades during the beta
(NEW) May 3: Radar Relay (which uses the 0x token) is available in Chinese and Korea.
The general uptrend in the crypto markets as well as the positive developments above have caused an increase in demand for the 0x token which have forced up prices.
0x: NEW DEVELOPMENTS - PROFIT = 18.96% !!!Our "Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 1nd of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 18.96% PROFIT!!!
The increase in price may also be explained by positive developments including:
Feb 7: OpenFinance complets the world’s first ever fully compliant security token trade via the 0xProject protocol!
March 24: 0x announces 0x Trade Widget (allows users to instantly buy Ethereum tokens with 0x protocol).
April 5: 0x announces 0x Protocol v2.
April 6: 0x tokens are ablet to be traded ion Abra wallets.
April 19: 0x announces that its protocol enables Compliant peer-to-peer trading allowing for widespread DEX adoption (by meeting KYC and AML requirements).
April 26: 0x announces the Bloqboard, the first live Dharma Debt Relayer is launched.
April 26: 0x announces SharkRelay was released live on it mainnet.
April 27: 0x announces Short selling and leveraged long trading coming to decentralized exchanges soon via dydxprotocol
May 2: Radar Relay (facilitates wallet-to-wallet trading using an open order book) using the 0x protocol facilitates $100 million worth of volume during their beta period.
May 2: Rumours released that 0x will be released on Coinbase.
These factors have together with the speculation that 0x will be released on Coinbase.
ZRXBTC is done playing tricks. Back on tracks.ZRXBTC 1H ASIA UPDATE - 27/04/2018
FLAT from 23/04/2018 high to 10,507 or bear trap here.
I never try to anticipate FLAT but I always have it on my mind. And this is why EW Theory is so great because within the rules, you can do so much with the count and always one that works and that respect the spirit of the theory (try to force 5 waves left and right is not part of this respect).
So short-term, while cycle is mature from 21/04/2018 low, I expect one marginal new high to complete the sequence from 10,507 before the correction starts.
Our support here is 10,507 (soft) that if broken would signal the end of the cycle from the lows/
I'd rather not buy here as I mentioned that cycle is mature but I won't fade the move (don't like to sell motive 5 waves in a new cycle ;-)).
So sidelined for now
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
ZRXBTC or the beast! Will I be able to catch it? PatienceZRXBTC 4H UPDATE - 27/04/2018
Yesterday, we had a bear trap with a FLAT from 23/04/2018 high and therefore the blue 1 called ended prematurely as we are still in red 3 cycle. From there, we should be seeing 14,293-15,373 but cycle is mature and can end at any time.
So I don't like to buy at those levels and I won't sell here or higher either.
I'd rather wait to buy lower once the motive 5 waves is completed (with risk or letting it go…)
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
ZRXBTC - Can go back and forth until confirmation is there...ZRXBTC 4H UPDATE - 28/04/2018
I would not recommend to sell here as marginal new high cannot be ruled out but cycle is mature and pull back should be seen soon. Don't try to fade. Invalidation level to the downside is 19,234 and we are in a motive 5 waves from the lows.
I'll prefer to wait for confirmation of blue 1 completed and then buy the correction in a corrective 3 waves to the downside.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
CRYPTO of the week: ZRXBTC 1h update First shot at it?ZRXBTC 1H ASIA UPDATE - 26/04/2018
The sequence from 12,452 high ended at 10,629 in the form of a motive 5 waves calling for another low (FLAT option always remain on the table) and bounce happened as a FLAT to 11,982 where started the second leg of the cycle from the highs. Equal leg area projects 10,159-9,729, with possible extension at 9,032, where buyers should appear for at least a corrective 3 waves to the upside. Aggressive traders would take a shot in 15min time frame and protect their position when we reach 50% of the cycle from 12,452 high. Don't chase here and do not open the stop. If you stopped out , move on and buy lower at the equal leg.
However, be aware that equal leg area is a bit shallow to correct the all cycle from 4,922 low and I expect a double correction in coming sessions.
I don't like to sell here and would prefer to join buyers lower, either at purple 1 or blue 1 as per the 4h chart.
Invalidation level to the upside comes at 4,922
Invalidation level to the downside comes at 12,452
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
CRYPTO of the week: ZRXBTC Trade setupZRXBTC 4H UPDATE - 26/04/2018
The cycle from 4,922 low is called ended at 12,452 as a motive 5 waves , therefore calling for another motive 5 waves to the upside once correction is completed.
So, for now, as long as below 12,452 , I expect a pullback in the form of a corrective 3 waves where buyers will appear. Level of interest while waiting for more data to be more precise comes at 8,606-7,699 . The setup is clear in the 4h and will be executed in the 1h time frame.
Invalidation to the downside comes in at 12,452 but I don’t like to sell any bounce here.
Invalidation level to the upside is 4,922.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
CRYPTO of the week: ZRXBTC 1h Asia 25/04/2018ZRXBTC 1H ASIA UPDATE
Cycle from 9,715 low is still alive and while above 10,920 we should see 12,732-13,163, possibly 13,860.
Break below 10,920 would end the cycle from 9,715 and put pressure in 9,715 (which is soft support and should not be used as stop). So if this happens, we might still be in purple 4 with a FLAT from 18/04/2018 high.
To be noted that we have enough swings to the upside for purple 5 to be completed and therefore cycle from 4,765 low to be ended as well, so I won't chase here higher (I'm out of position since 10,920). I don't like to sell here or higher as well.
Invalidation to the upside is 4,764 as there is no sequence in motive 5 waves.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
CRYPTO of the week: ZRXBTC 1h Europe updateZRXBTC 1H EUROPE UPDATE
ZRXBTC traded higher during Asia session taking out the high as of my last update. In 15min we reached equal leg and there is a reaction. I need to need a break below 10,907 in coming bars to have the count alive. I would not recommend to sell here but to get ready for longs lower, even though I am not a big fan of buying FLAT, also knowing that for now, we only have a corrective 3 waves move from 4,765. Check the 4h and daily view on the matter.
If price is breaking higher from current levels, we may have red 1 as purple 4 and count in 4h will be adjusted.
Invalidation to the downside is 11,800
Invalidation to the upside is 7,037
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
CRYPTO of the week: ZRXBTC 4h for setupThe cycle from 19,234 high has been called ended at 4,922 low. The sequence to the upside suggests end of the cycle at 18/04/2018 high.
And while we have a marginal new high with RSI divergence, I cannot see the move from the low as a motive wave (even leading diagonal) so I have to go with the FLAT until I'm proven wrong (I really do not like to do that but dip to 9,715 do not make the case for a 4th wave anywhere in any sequence within this cycle.
Alternate view is red 1 on the chart is actually the correction of all cycle from 4,922 but I'd like to see a deeper correction here.
So, as I do not have any crystal ball, I will stay sidelined and see what can be done in lower time frame.
Plan would be to buy any clear corrective 3 waves above 4,922 but I won't chase or go heavy on this one because corrective 3 waves up is by nature corrective and bears could take control again.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
CRYPTO of the week: ZRXBTC 1h executionI might be totally wrong here and I would not trade the chart here, but as said earlier, I cannot see 5 waves from the top, so need to call a FLAT from 21/04/2018.
Either it is purple 4 or blue 2, I expect a 5 waves down from current levels (depth will resolve purple 4 or blue 2). This means that it will be difficult to buy lower as FLAT can extend as much as they like and we are not protected with a motive 5 waves to the upside from 4,922.
So this week will be interesting for education purpose to study specific structures and how to operate them.
Invalidation level to the upside is 7,037 and more importantly 4,922.
Invalidation level to the downside is 11,800.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
CRYPTO of the week: ZRXBTC Daily to set contextA cycle ended at 19,234 high on 27/01/2018 and since then we have seen a double correction ending exactly at equal leg area 4,765 where it bounced. So far, the outlook in daily is neutral but we have a motive 5 waves from 1,356 low which indicated that we will see another one. Assumption is 1,356 low was starting a new cycle.
I was long from 20/03/2018 in lower time frame but out (I have not been able to catch the equal leg in daily).
For now, sequence from 18/03/2018 low is called ended at 11,476.00 and marginal new high would be part of a FLAT (I don't like to call FLAT ahead of its confirmation, but I'll explain in 4h chart)
4,922 is my reference for support now but it is a soft support as long as we don't break above 19,234 or we have a bullish sequence in daily. So at current level, bears will probably jump in soon and we should have a reaction for a pullback that would stay above 4,922 and I'd like to buy a clear a clear corrective 3 waves.
So daily, nothing to do if not in from 5,796 with stop below 2,710.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.