The_202_Quants

The_202_Quants

NEOUSD 1H ASIA UPDATE - 10/06/2018 Price pushed down below 51.66 and is heading for a double correction to 50.12-48.17 in confluence with 48.34-47.45 (equal leg area of cycle from 58.31 high overlaps with invalidation level 47.45). So alternate view was the right path chosen by the market (seen it coming as I mentioned NEOUSD was heavy for past few sessions but...

The_202_Quants

NEOUSD 1H ASIA UPDATE - 09/06/2018 FLAT from 02/06/2018 high ended at 51.66 and bounce reached 54.96 before turning down in what appears to be a FLAT with sequence from 07/06/2018 high as a 5 waves down to 51.81 within equal leg area as proposed few sessions back. So, as long as above 51.66, we should see higher toward 55.10-55.88, possibly 57.14 to either...

The_202_Quants Updated 

NEOUSD 1H ASIA UPDATE 07/06/2018 First sequence from 51.66 low ended at 54.96 and we need this level to break to the upside to propose a bullish sequence to the upside. Until then, NEOUSD is still under the pressure and failing to hold 52.33 would send the crypto to challenge 51.66. If this level fails as well, we would have a double correction towards 48.34 and...

The_202_Quants

NEOUSD 4H UPDATE - 08/06/2018 View unchanged. For past few sessions, NEOUSD has entered a range and while preferred view is higher from here, I cannot rule out a third leg lower for a double correction to challenge 47.45 and possibly 44.16 - I remind that we have a FLAT from 25/04/2018 and therefore it can extend in its third leg, 47.45 being a soft level but...

The_202_Quants

NEOUSD 1H EUROPE (late) UPDATE - 07/06/2018 Nothing really changed while I was away. View unchanged. Chart self-explanatory. If any clarification, please post in comments. Tomorrow 08/06/2018 will be back at desk for Asia session and updates. Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the...

The_202_Quants Updated 

NEOUSD 1H ASIA UPDATE - 06/06/2018 Great structure here from 02/06/2018 high that I never call before it is confirmed because it is counter-intuitive (but always in mind because it is damn frequent those days in crypto). Previous count was motive 5 waves from 47.45 low and we end up with a motive 5 waves to the downside from 58.31 high, making it a corrective...

The_202_Quants Updated 

0x gave me my most profitable trades already this year. 8 years ago, I would have fallen in love with this one and lost it all to it lol - 0x left me at 10920 and I would have chased it again and again to be only rinsed when it reached 13,493 haha)! But this one gives me spice, oh yeah! Very daring buy at 14,478 because equal leg area was overlapping with...

The_202_Quants

Hi everyone, I don't exactly know how it happened during NY session but this morning (I live in Malaysia), I have to say, I was happy to see the price higher! Not the cutest structure but it is what is and I will take it! And until view is denied, it is still on. So I keep pushing ! Take my clue on markets in NEOUSD latest 1h Idea... Every week, for one...

The_202_Quants

NEOUSD 4H UPDATE - 06/06/2018 View unchanged despite count changed in lower time frame. I will be monitoring the rsi trendline for the end of the cycle from 47.45, but focus will be in coming sessions towards 58.31. I remind that there is no bullish sequence in NEOUSD nor in daily nor in 4h. We just come out of a FLAT and the structure from 44.16 low is in a...

The_202_Quants Updated 

NEOUSD 1H ASIA UPDATE - 05/06/2018 NEOUSD follows the path despite overshooting the equal leg area as the pullback developed in a FLAT (3-3-5 in 15min). As long as I don't see rsi divergence in the 1h from 58.31 (meaning I don't want to see a marginal new low here), and therefore 52.18 holds, the bounce should develop in at least a corrective 3 waves. I don't...

The_202_Quants

NEOUSD 4H ASIA UPDATE - 05/06/2018 View has not changed despite deep pullback yesterday. For now corrective 3 waves to the upside from 47.45 low, so caution with longs if you intent to jump in in the middle of nowhere. I would really like to see a break of 58.31 now to confirm end of cycle from 94.65 and as long as it is not done, bears have the upper hand. I...

The_202_Quants Updated 

Great structure and great call at 931.60 ?!? LOL, I did not buy that level because there was simply no setup and the red -5- cycle is truncated so I spare you the "my chart told you so". Refer to the education part on how to read a chart. So, structures did great and path is clear but that does not help me with any trade (remember, risk management, risk to reward...

The_202_Quants Updated 

NEOUSD 1H ASIA UPDATE - 04/06/2018 From 47.45 low. Price has reached equal leg area of the cycle BUT we have rsi divergence, so either cycle is truncated or we should see a new high in price (preferred option) to complete a motive 5 waves to the upside, calling for another motive 5 waves leg, but let's not anticipate and see. For now, I would stay on the side...

The_202_Quants

NEOUSD 4H ASIA UPDATE - 04/06/2018 The bounce from 44.34 low was in a corrective 3 waves (purple 1) and the FLAT (red 1-2-3 cycle) extended to 47.45 and I stayed aside because there was not setup according to my system. However, the price bounced from 47.45 and as long as above this level, we can expect more upside. However, NEOUSD is still bearish turning...

The_202_Quants

NEOUSD Daily update - 04/06/2018 NEOUSD ended a cycle from inception to 198.20 high. In daily, there is no RSI divergence, so I cannot assume that this first cycle was a motive 5 waves and therefore, I would not say NEOUSD is bullish in daily. However, you know that we do not need a motive 5 waves structure to have a trend, especially in the early phase. From...

The_202_Quants Updated 

Hi everyone, The 4h chart is unchanged during the weekend and 1h is showing sequence from 7,348.45 low still in progress as is the cycle from 7,026.90 low (29/05/2018 as the end of the correction from 9,948.98). So next level to look for is convergence at 7,887.97-8,027.95 with possible extension to 8,254.52. At those level, RSI will tell me if we are in 3 or 5...

The_202_Quants Updated 

ETHUSD has turned from the equal leg area and my long from 530.00 is now in the money with stop raised to 506.30 for a swing trade (4h time frame). From 506.30 low, ETHUS has reached equal leg area where market will decide whether the cycle from the low is completed (red -3- in place at current level or marginal new high and green 1 in place as well) or if price...

The_202_Quants Updated 

Hi everyone, Still busy with some side project and no time to post properly consistently but everything will return to normal on 04/06/2018 So, as I had 30 minutes this morning here is an update on BTCUSD and a bonus with the 15min chart as well. BTCUSD 1H ASIA UPDATE - 30/05/2018 The sequence from 21/05/2018 high is completed at 7,026.90 and so is the cycle...