The_202_Quants

The_202_Quants Updated 

Following related ideas and great comment from a follower, Purpose of this chart is to find entry to buy Either way, BTCUSD is bullish but question is can I buy now in a 4h setup with 1h execution. My answer is no, I mean if you trade. If you invest, that is a different story, but here I am a full-time trader because this is my day job. Of course I do invest...

The_202_Quants Updated 

I don't like to sell here but preferred view is more downside to respect the motive 5 waves from 1,574.37 high. From 1,242.02 low, a sequence has ended at 1,537.22 that could also be ending the cycle from 1,225.55 low and new cycle started to the downside. A break of 1,754.37 would negate the current view and would need to be reassessed. Apart from target in 4h...

The_202_Quants

As long as below 1,574.37 we should see another leg to the downside. From current levels, equal leg area is at 1,188.40-1,106.08. Beyond 972.83, situation would need to be reassessed as invalidation level to the upside is 599.49 (long way down). I don't like selling here because price can go higher (corrective cycle ended truncated at 01/05/2018 low, or we may...

09:45

The_202_Quants

In this video, I'm reviewing the structure from 1,574.37 and I present few options, not based on pure talk but based on the price structure. 1 more leg lower versus correction completed If you have comments, disagreements, please put your chart in the comments so we can discuss (and not just "you're wrong, we go to the moon" ;-)), I will be more than happy to...

The_202_Quants Updated 

No change in view. Bitcoincash bounced from 01/05/2018 low but still stalled below 1,574.37. The proposed view is to get a new low so I can buy red 2 but nothing says it will go there, this is why I don't like to sell (check the ZRXBTC count in previous ideas) here. Also in a triangle, remember that we have 5 legs and the exit is in the direction you entered the...

The_202_Quants Updated 

Among many possibilities, a triangle. Resolution to the downside or not. Adapt the count to the market price and not the other way round. If configuration changes, well, I guess the count changes. But the view remains the same, there is no business to do in here. Without me/ Every week, for one particular cryptocurrency, in addition to the charts that I upload...

The_202_Quants Updated 

ZRXBTC 1H ASIA UPDATE - 27/04/2018 FLAT from 23/04/2018 high to 10,507 or bear trap here. I never try to anticipate FLAT but I always have it on my mind. And this is why EW Theory is so great because within the rules, you can do so much with the count and always one that works and that respect the spirit of the theory (try to force 5 waves left and right is not...

The_202_Quants Updated 

bitcoincash is trapped between 1,574.37 and 1,255.55. The first sequence to the downside from 1,574.37 was a motive 5 waves so resolution should be to the downside for another leg. Meanwhile, I expect some choppiness through a wedge (flag). View unchanged. Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I...

The_202_Quants Updated 

ZRXBTC 4H UPDATE - 27/04/2018 Yesterday, we had a bear trap with a FLAT from 23/04/2018 high and therefore the blue 1 called ended prematurely as we are still in red 3 cycle. From there, we should be seeing 14,293-15,373 but cycle is mature and can end at any time. So I don't like to buy at those levels and I won't sell here or higher either. I'd rather wait to...

The_202_Quants Updated 

View unchanged. Bitcoin cash has been trading lower since last update. While below 1,574.37 I would like to see a break 1,225.55 soon to trigger a bearish sequence in lower time frame and complete the last leg to the downside. Will be watching the RSI trend line as well for an indication on the end of the cycle from 1,574.37 high. Set up to buy lower is still...

The_202_Quants

Sequence from 1,450.91 high is completed at 1,242.02 and bounce should see sellers around 1,351ish-1,404ish for the last leg to the downside. Beyond 1,405.00 count should be reassessed but as long as below 1,487.65 we should see lower. 1,225.55 will be watched today for a break to the downside and confirm the current view. I don't like to sell here and will...

The_202_Quants Updated 

When I keep repeating there is other crypto than BTC and ETH ... NEOUSD 48.80 went long on 4h initial stop 29.00 has been raised to entry for a free ride. In 1h, took shot at 78.00 as red 2 in place after a first motive 5 waves from the lows. Will see how this pans outs. Every week, for one particular cryptocurrency, in addition to the charts that I upload...

The_202_Quants

Bitcoin cash has ended a sequence from 1,450.91 high at 1,242.17 and from current levels should see a marginal new high in 15min to complete red -4-. From there, I'd like to see a new low with a RSI divergence forming as that would indicate the red -5- is in progress. For now, I see a motive 5 waves in the making in red -3-, so a succession of marginal new low...

The_202_Quants Updated 

As long as between 8,653.88 and 9,755.53, I expect choppy moves before resolution to the downside or upside. Now, there are times when the best position is flat and stay out of the market. 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:...

The_202_Quants

Bitcoin cash broke 29/04/2018 low and therefore ended a cycle from 1,225.55 low. Now, having reached equal leg area, we can have either a bounce from here to completed red -1- (not preferred view) or as per chart, we go beyond 1,263.78 to complete red -3-. 1,225.55 is soft support and a break would open 4h chart equal leg area for execution of the setup. For now,...

The_202_Quants

Bitcoin cash is trading lower and view is unchanged. I need to see a break of 1,225.55 low from current level to add conviction to the view and equal leg area will be 1,145.67-934.33 where buyers should appear. This area is also at confluence with 50%-61% retracement of red -1- cycle. I still don't like to sell here and prefer longs from lower. Invalidation to...

The_202_Quants Updated 

BCHUSD 1H EUROPE UPDATE - 30/04/2018 bitcoin cash has completed red -1- and red -2- and as long as below 1,487.65 it should trade lower. RSI trendline is broken and we can call cycle from 1,225.55 completed at 1,487.65. I don't like to sell here and would prefer to position longs at equal leg area 1,138-923.36 for at least a 3 waves bounce or...

09:36

The_202_Quants

In this video, I'll take a look at the different time frames from the weekly to the 1h charts to review and understand the possibilities that are ahead of us. When you read my charts in the 4h and 1h, you need to understand where it comes from and also that alternatives are totally accounted for. In other words, if my charts show 5,920 as a support for now and...