The_202_Quants

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...

The_202_Quants

BTCUSD 4H UPDATE - 13/05/2018 Still too early to call cycle from 9,939.69 high ended but 1h sequence from 9,393.00 high is called completed at 8,208.81 low right into equal leg area. Buyers from 8418.64 will protect their position when we see 8,800ish as we need a break above 9,393.00 and more importantly 9,939.69 to call green 2 ended. Indeed, a double...

The_202_Quants Updated 

That was one the "Crypto of the week" as I accompanied the turn. Been calling present situation since last month, with direction and levels. Anyone in? 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...

The_202_Quants Updated 

Been away for 2 days after General Election in Malaysia! A bit slow with the updates ... Sorry about that. This morning, posted on youtube (live stream free content), and here are the updated comments: ETHUSD UPDATE - 11/05/2018 4H View unchanged 1H ETHUSD is trapped between 775.11 and 691.99 and while BTCUSD made a new low triggering a bearish sequence in...

The_202_Quants Updated 

Situation is getting clearer and nearer. Levels for this trade are set and now let the market do its thing. Now, I have been calling this for some time now. It is always nice to be right but it means nothing! What matters is that I was not on the wrong side of the market and buying the breakout above 25/04/2018. The correction is now a gift from the market. So...

The_202_Quants Updated 

I can't say I wished for it because I would have managed without it, but this last new low just erased RSI divergence and therefore, count is adjusted with motive 5 waves from the lows (4h time frame). Does not change I'm in and in the red for now but confident the bottom is there, or at least a bounce so that I can protect my position. So another opportunity...

The_202_Quants Updated 

View was denied on the related idea but direction was there. Count adjusted accordingly for either corrective waves or FLAT (preferred solution even though I always hate to call for a FLAT before its completion - difference will be either a corrective 3 waves from the highs or a motive 5 waves- I'm in already but would see a marginal new low before higher. Will...

The_202_Quants Updated 

BTCUSD was not too appealing few days ago bit now has all my interest back! Once we will have the weak longs from higher washed out, we should be in for a ride! I'll be aggressive on this one and will get a shot at first equal leg area and will repeat as long as I get the right one (aggressive does not mean my risk will be higher: 2% of capital is the limit per...

The_202_Quants

ETHUSD 1H EUROPE UPDATE - 10/05/2018 759.90 high failed to hold during Asia and ethusd is now shifting focus higher above 775.11 to put pressure on 832.37. As long as below this level, we can see a new leg to the downside to complete the correction of the cycle from 358.40. A break above 832.37 from current level would create a bullish sequence in 4h and I would...

The_202_Quants Updated 

ETHUSD 4H UPDATE - 09/05/2018 View unchanged as long as below 832.37. Confluence zone below 600.00. If long is taken, I would advise caution below 547.98. Target will be adjusted on a break above 832.37 but at least 1,100ish would be in play. Invalidation level to the upside is 358.40. Every week, for one particular cryptocurrency, in addition to the charts...

The_202_Quants

Ethusd ended the sequence from 775.11 high and while below 832.37, we should see more downside towards 634.73-601.60 but we must see break of 691.99 as 775.11 holds. Now, the cycle from 832.37 high that ended at 691.99 is a corrective 3 waves down and could be enough. I don't like to sell here and will join buyers lower for a at least 3 waves bounce or higher....

The_202_Quants

ETHUSD 1H EUROPE UPDATE - 09/05/2018 First, longs from 707.63 should be risk free now (either take partial at 50% and stop below 691.99 or stop raised to entry level (and not stopped out yet - personally I always prefer the first option in the configuration but as I said before, I did not take the trade) So, the first sequence from 832.37 ended at 691.99 and this...

The_202_Quants Updated 

Ethusd is following the path and has now reached equal leg where first buyers should appear for at least a 3 waves bounce. If you buy, stop should be below 656.11 but remember that invalidation level to the upside is 358.40, so calculate your risk and do not open the stop. If stopped out, you can buy the next leg lower purple 2. I don't like to buy here neither to...

The_202_Quants Updated 

Was on my radar as per Related Ideas. One more low and I'll be served! If it goes higher from here (which is possible), well that's trading... 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...

The_202_Quants Updated 

ETHUSD 1H ASIA UPDATE - 07/05/2018 Cycle from 01/05/2018 low is called completed at 832.37 as the 5th wave of a motive structure from 358.40 low. The sequence from 832.37 high has ended at 749.00 and bounce should reach 806.23-815.49 but stall below 832.37 for another leg to the downside. I don't like to sell as the 1h is bullish and I would only buy lower at...

The_202_Quants

ETHUSD 4H UPDATE - 06/05/2018 Alternate view came into play during last trading week and we saw a new high in price but not in RSI as suggested. This means that preferred view is cycle from 358.40 ended at 830.00 and that while below that level ETHUSD should see a correction. Depth of this one is to be evaluate. I don't like to sell, but would prefer to position...

The_202_Quants

ETHUSD DAILY UPDATE - 06/05/2018 A cycle ended at 1,420.00 high and correction is called ended at 358.40 that I will use a soft support until we break above 1,420.00 to open the door to 1,776.78-2,111.52 with possible extension to 2,653.35 or beyond. Shorter term, from 358.40, there is a RSI divergence and if breaking lower, the move from the lows would be in a...

The_202_Quants Updated 

Yellow box and lower with RSI divergence in place, motive 5 waves to the upside from 6,427.16 and then green 2 is a buy. Otherwise BTCUSD is escaping. If it happens, will buy any corrective 3 waves pullback. There was no way to catch alt 2 green in 1h. So, if I did it would have been in 15min intra-day but I'm a swing trader... As a reminder, BTC should continue...