The_202_Quants

The_202_Quants Updated 

Hi everyone, Still off the desk but a quick update from the weekend. BCHUSD, i don't know if it's me but I don't feel brave here... FLAT 3-3-5, the 5 waves in the 3rd leg is the killer as it can extend again and again... Be careful on this one... Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put...

The_202_Quants Updated 

Hi, still away from desk, but here is the 3rd update after BCHUSD and BTCUSD... Attraction to the equal leg area here... The dive is steep but we got ourselves into a FLAT from 832.37 and FLAT sucks. I better lower the position size and keep stop below 358.40 as 428.30 is no protection. Stressing time ... Every week, for one particular cryptocurrency, in...

The_202_Quants Updated 

Hi everyone, Still away from the desk but a quick update on BTCUSD ... Bottom called a bit early last week in the 1h. And BTCUSD is dipping a bit further to reach equal leg area in 4h cycle, buy zone. Interesting! Be safe. Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and...

The_202_Quants

Hi everyone, I have been away from the desk for few days and will be for few more days, so it is difficult to post the charts at the moment. However, 7,618.63-7,389.39 was given few days back and we have a reaction. Will it be sufficient, market will tell. Meanwhile, I got long at 7,380 on the break below purple -3- to get the 5th leg. Stop is still below 7,000....

The_202_Quants Updated 

Hope nobody tried to fade this one! because we left at 10920 and wow above 20000 with all time high taken out, just like that! So when this kind of move happens, well, I just keep pushing the count to the upside and sit tight on my hands so that I do not jump in ... Now, I have not been able to get on board (watch youtube live stream free content to understand)...

The_202_Quants Updated 

BTCUSD 4H EUROPE UPDATE - 16/05/2018 Break of 8,208.81 earlier today denied the preferred view and we are now in a double correction against 8,900.90. Break above 8,900.90 but fail below 9,939.69 would mean FLAT from 4,208.81, there invalidation level to the downside is 9,939.69. From current levels, next level of interest is 7,160.73-6,750.05 which is closing to...

The_202_Quants Updated 

Bitcoin is continuing lower and follows the path ( tends to better follow the path during downside phases, hmm… Cycle from 8,900.90 high is still in its first sequence with purple -2- in place at 8,500.00 high and while below this level, we should see 7,699.11-7,510.10 equal leg area before a bounce in a corrective 3 waves that should fail below 8,900.90 high. I...

The_202_Quants

BTCUSD 4H UPDATE - 18/05/2018 Bitcoin is still correcting cycle from 6,427.16 low in a double correction from 9,948.98 high. From current levels, equal leg area projects 7,160.73-6,750.05 with possible extension to 6,085.30 which violates our invalidation level in the 1h and will directly challenge 5,920.72. So, I don't like selling here or higher and I would...

The_202_Quants Updated 

BTCUSD 1H ASIA UPDATE - 17/05/2018 Yesterday break of 8,208.81 low triggered a bearish sequence in lower time frame for a double correction of cycle from 6,427.16 low. That was not the preferred view but the option was on the table and explained as such. So, as long as below 9,939.69 we should see bitcoin lower. A break above 8,900.90 could still be bearish with...

The_202_Quants

BTCUSD 1H EUROPE UPDATE - 16/05/2018 bitcoin failed to hold the lows from yesterday and triggered a bearish sequence in the 1h for a double correction. From current levels, we can go down with first sequence around 61.8%-76.8% extension of equal leg area before a short lived bounce and lower. The situation is not critical yet as the structure from the highs is...

The_202_Quants Updated 

I had to let go BCHUSD in previous cycle as it clearly truncated while I was waiting lower. However, this is the only crypto I did not jump in over the weekend as I don't like equal leg area overlapping with invalidation levels... However, believers would have jumped in at 100% extension and would be fine for now. Will keep an eye on this one and keep you...

The_202_Quants Updated 

BTCUSD 1H ASIA UPDATE - 16/05/2018 Chart is pretty self-explanatory. Yesterday, I was proposing 2 options, the fast and the slow. Well, we are for another round to challenge the low. 8,900.90 held yesterday and therefore price was rejected to the downside for a leading diagonal structure from 8,2018.81. As we have 3 waves for now from this low, danger is below...

The_202_Quants Updated 

BTCUSD 4H UPDATE - 15/05/2018 View unchanged from yesterday. Stop raised to below 8,208.81 (risk free position with partial profit or reduced risk). How to determine my position size when trading? The agreed rule is that the maximum risk per trade (or set of trades) is 2% of the capital. So if I have USD5,000.00 I will risk maximum USD100.00. So, if I bought...

The_202_Quants Updated 

BTCUSD 1H ASIA UPDATE - 15/05/2018 Bitcoin held 8,208.81 and as long as this level stands we should see a challenge of 9,393.00 and 9,948.98. Until those levels break, I expect choppiness. Preferred view is cycle from 8,208.81 is ended at 8,900.90 but this cycle can extend in a leading diagonal as well. So I am in position from 8,418.64, stop 8,205.00 and won't...

The_202_Quants

BTCUSD 1H EUROPE UPDATE - 14/05/2018 bitcoin bounced as expected at equal leg area. the bounce was short lived and the sequence to the downside took the form of a FLAT with challenge of 8,286.57. As long as this level holds, view unchanged. If it breaks lower from there, count will be adjusted to a double correction. As I'm already in a trade, I won't buy or sell...

The_202_Quants Updated 

BTCUSD 1H ASIA UPDATE - 14/05/2018 Bitcoin started a new cycle in 1h at 8,2018.81 low for at least a corrective 3 waves bounce. First sequence ended at 8,652.80 high corrected to 8,264.98 low to project 8,708.97-8,813.75 equal leg area that has already been reached. From there, we can see a pullback that would hold above 8,208.81 to challenge 9,393.00 or an...

The_202_Quants

BTCUSD 4H UPDATE - 14/05/2018 Confirmation of cycle ended from 9,939.69 high has come with break of RSI trendline, and now I need to see how the current cycle develops. Below 9,939.69 high, we still can see a double correction (not preferred view) that would hold above 6,427.16. As always, one step at a time. From current level, a break above 9,939.69 would open...

The_202_Quants Updated 

BTCUSD 1H ASIA UPDATE - 13/05/2018 Sequence from 9,393.00 high ended at 8,208.81 and while above this level, we should expect uptrend to resume. However, as long as below 9,393.00 and more importantly 9,948.98, there is a possibility for a larger correction of the cycle from 6,427.16 low. Short-term, I will be looking at a break above 8,652.80 to see...