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BCHUSD 1h between the zig and the zag. 1h SetupBitcoincash ended a sequence from 1,225.55 low in the form of a double correction truncated below equal leg area at 1,487.65. The sequence from 1,574.37 high was a motive 5 waves move down, so I expect the same sequence from 1,487.65 to the downside. Projection of equal leg area from current levels is 1,138.83-1,056.51 possibly 923.36 where buyers should appear for at least a 3 waves bounce or higher. I don’t like selling at current levels and would position longs at equal leg area. Below 923.26, the correction could change in nature and would be rather out to assess the situation. Invalidation level to the upside is 599.49 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 29/04/2018-05/05/2018, I propose BCHUSD 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.
BITSTAMP:BCHUSD
by The_202_Quants
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.
by The_202_Quants
XMRUSD. Will it make the textbook lie?Monero is following the path. And textbook is saying that in a new cycle, a motive 5 waves is followed by another motive 5 waves. How are we sure it will happen? How do you tell a cycle is completed? How do you buy the correction? Thanks for your time Cheers 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.
X
by The_202_Quants
BTCUSD - Getting a bit closer as correction structure unveilsas long as below 9,737.16, should expect 8,279.58-7,594.69 for buyers to show up. As move from the lows is in a corrective 3 waves, I won't buy, preferring other crypto setup like xmrusd or zrxbtc as discussed in TradingView. If you go long in the specified zone, I would get out below 7,590 because nothing says it has to stay above 6,427.16 or 5,920.72 as those levels are not protected (no bullish sequence in higher degree and no motive 5 waves up). For me to go long again, I would wait for a break of 9,737.16 from lower and buy the correction in 1h time frame. Invalidation level to the upside is 5,920.72, line in the sand for bulls. Check related ideas to understand why cycle from 6,427.16 is not a motive 5 waves to the upside. 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.
BITSTAMP:BTCUSD
by The_202_Quants