The_202_Quants

The_202_Quants Updated 

I'm not proposing any trade setup as I have been stopped out on previous idea, so I'll hop in when confirmation. But as I said I will reassess after the break of 565.00. So, while I cannot rule out a new low from current level (still 5 waves down in the FLAT from 02/02/2018), I will monitor as we reached the daily equal leg area from 14/01/2018 high cycle and the...

The_202_Quants Updated 

Following the article on correlation, I present ZRXBTC for a long trade and practical example of the importance of 18/03/2018. As we see, a cycle ended at 27/01/2018 high in a 5 waves up (RSI divergence in 4H and daily timeframe), so according to EW, this is calling for another 5 waves up. All cycles identified by vertical lines ends very precisely at 100%...

The_202_Quants Updated 

If we do not make a new low from current level as per previous Idea. Alternative count here. The 5 waves down that I was expecting is completed and too short to take out the low...

The_202_Quants Updated 

Because of marginal new low at 8,265.00 that did not make a new low in RSI, I propose end of cycle from 9,188.10 at 8,342.00 with a FLAT that brought bitcoin to retest 9,000.00 mark but should fail to take out 9,188.10. So, if a marginal new high cannot be ruled out, I expect bitcoin to turn lower to break below 8,342.00 to equal leg area at...

The_202_Quants Updated 

As per mentioned in previous idea, cycle ended on 19003/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence. Stop will be below the 161.8% extension even though invalidation level is...

The_202_Quants

Following previous chart dated 09/03/2018 which was telling 2 stories, one of them true today (of course ;-)). So, 63.62 failed to hold and as mentioned in comments, that went bad for NEO. Therefore, count was not valid anymore, previous trade from 80ish was stopped out at 78.00 and that is fine. Now, we can see clearly that 28/02/2018 high was a bull trap or...

The_202_Quants Updated 

ZRXUSD has been correcting the cycle from 13/01/2018 high from 2.4786 in a 3 waves move - 13/01/2018 low, 27/01/2018 high and I am calling 19/03/2018 low at 0.3487. Work is based on EW theory adapted by The Trader's Corner on daily, 4h and 1h time-frame. Also, ZRXBTC has a clear structure and also reached equal leg area, not only ZRX should appreciate against USD...

The_202_Quants Updated 

Following the previous idea on LTCUSD and updating the count, the cycle from 26/02/2018 high has ended at 150.11 and that would also end cycle from 20/02/2018 high for the end of the correction. Based on previous idea, equal leg area was at 161.07-144.44 stop 101.50. So I would wait for a break above 252.55 to start positioning long position in 1h chart. Will give...

The_202_Quants Updated 

ETHUSD completed its correction from 14/01/2018 high at 565.53 and recovered in a 3 waves bounce to 983.31 high. It then corrected in 7 swings (double correction) to 640.55. In 4h chart, the equal leg area from 18/02/2018 high cycle is 699.69-6563.36 (stop 578.37). Since 759 high, we have a double correction with equal leg area coming at 653.18-632.53 extending...

The_202_Quants Updated 

Let's see what is going on with Ripple from the chart point of view. From 04/01/2018 high, XRPUSD has been correcting and pushing lower and lower until 0.5627 where I propose the cycle over. Since then, the altcoin has bounced in a 3 waves move to 1,2296 leaving ways to bear to come in again. A first equal leg area from 10/02/2018 cycle was reached but the...

The_202_Quants Updated 

NEOUSD has completed a daily correction from 16/01/2018 jigh at 63.62 and has recovered in a 3 waves bounce to 141.16. From there, a FLAT rejected NEOUSD to 78.92 where the cycle from 20/02/2018 ended. Since then, the altcoin is under pressure as moves to the upside are in 3 waves in smaller time frame. As long as above 78.92, preferred view is NEOUSD is to regain...

The_202_Quants Updated 

Monero has ended the cycle from 145.51 low at 382.51 in a 3 waves up and has corrected since then. I propose this correction over at 236.91 and as long as above this level, we should see more strength in XMRUSD in coning weeks. First level of interest comes at 301.85-338.45 at equal leg area from 11/03/2018 low. Failure to hold 236.91 from current level would see...

The_202_Quants Updated 

Litecoin completed the cycle from 02/02/2018 low at 252.55 and has been correcting in a 3 waves move to 158.57 where the altcoin found support at equal leg area from 20/02/2018 high cycle. Since then, it bounced in a 3 waves moveto 195.00. From there and as long as above 158.57, litecoin shouod resume higher targetting 207.63-216.22. Break above 252.55 whould...