The_202_Quants

The_202_Quants

Bitcoincash ended a sequence from 1,225.55 low in the form of a double correction truncated below equal leg area at 1,487.65. The sequence from 1,574.37 high was a motive 5 waves move down, so I expect the same sequence from 1,487.65 to the downside. Projection of equal leg area from current levels is 1,138.83-1,056.51 possibly 923.36 where buyers should appear...

The_202_Quants

bitcoinCash has ended the cycle from 06/04/2018 low at 1,574.37 in the form of a motive 5 waves. This means that when correction is completed we should have another motive 5 waves up. Therefore, I can plan to buy the red 2 in the 1h time frame (Otherwise, BCHUSD is not really set for buys when looking at the daily …). The first sequence of the corrective cycle has...

The_202_Quants Updated 

ZRXBTC 4H UPDATE - 28/04/2018 I would not recommend to sell here as marginal new high cannot be ruled out but cycle is mature and pull back should be seen soon. Don't try to fade. Invalidation level to the downside is 19,234 and we are in a motive 5 waves from the lows. I'll prefer to wait for confirmation of blue 1 completed and then buy the correction in a...

The_202_Quants Updated 

Monero is following the path. And textbook is saying that in a new cycle, a motive 5 waves is followed by another motive 5 waves. How are we sure it will happen? How do you tell a cycle is completed? How do you buy the correction? Thanks for your time Cheers Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView,...

The_202_Quants Updated 

Questions to the viewers and followers. I have been looking at charts in forex and indexes for more than 10 years now, crypto recently in 2018, and perfecting my approach to markets to be able to analyse and make my own charts (long process). I only use EW theory, a bit revamped to nowadays and to fit my believes, and RSI indicator but more importantly my eyes...

The_202_Quants Updated 

as long as below 9,737.16, should expect 8,279.58-7,594.69 for buyers to show up. As move from the lows is in a corrective 3 waves, I won't buy, preferring other crypto setup like xmrusd or zrxbtc as discussed in TradingView. If you go long in the specified zone, I would get out below 7,590 because nothing says it has to stay above 6,427.16 or 5,920.72 as those...

The_202_Quants Updated 

Sequence from 595.00 ended in corrective 3 waves to the upside that failed below 710.95 as expected. As long as the 710.95 high holds, we should see one more sequence lower to 568.30-496.18 where buyers should appear. As the move from the lows in 4h is only a corrective 3 waves, I would stay on the sideline. Better setup in xmrusd and zrxbtc for what is posted on...

The_202_Quants

Preferred view is one shown on the chart afrer the intermediate high was taken (but still below 9,755) Please check the video in related idea as the situation is explained and covers the possibilities here. So preferred view (I don't hold the truth so market can do something different) is that cycle from the lows are mature in different degrees (1h, 4h) and...

The_202_Quants Updated 

Compared to ETHUSD Idea just posted, we see that a different count for the 2 instruments dictated respectively by price levels can lead to the same. As long as we do not force the count into the price action, EW Theory is pretty much letting you do any combination. So, what matters is the price action and not FLAT, zigzag, impulse and other triangle and stuff...

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The_202_Quants Updated 

Hi everyone, In this video, I review the situation for BTCUSD in 4h and 1h charts (with a peek at the 15min). I also take a look at how to differentiate a motive 5 waves (1-2-3-4-5) versus a regular FLAT (3-3-5) as, in my opinion, many people force 5 waves into any move that looks strong. I have been analyzing charts in forex and indexes for more than 10 years,...

The_202_Quants Updated 

ZRXBTC 1H ASIA UPDATE - 26/04/2018 The sequence from 12,452 high ended at 10,629 in the form of a motive 5 waves calling for another low (FLAT option always remain on the table) and bounce happened as a FLAT to 11,982 where started the second leg of the cycle from the highs. Equal leg area projects 10,159-9,729, with possible extension at 9,032, where buyers...

The_202_Quants

Ok, let me be clear: I won't go short on BTCUSD, not now, not tomorrow but do we go all in from here? Not too sure. Corrective 3 waves from 4,627.16 low as RSI divergence has been erased in 4h. Now, if you know me, I don't need a motive 5 waves to declare a trend , indeed, most trends are in corrective 3 waves in forex, crypto no exception, so I'm not saying it...

The_202_Quants

ZRXBTC 4H UPDATE - 26/04/2018 The cycle from 4,922 low is called ended at 12,452 as a motive 5 waves , therefore calling for another motive 5 waves to the upside once correction is completed. So, for now, as long as below 12,452 , I expect a pullback in the form of a corrective 3 waves where buyers will appear. Level of interest while waiting for more data to...

The_202_Quants

ZRXBTC 1H EUROPE UPDATE - 25/04/2018 I just love it when it happens. You change the count and next thing you know you are back at the previous count! And that is okay, nobody should be on the wrong side right now (I sold my longs at 10,920 on the way up few days ago). From current levels, if new low in 15min with RSI divergence, we have a motive 5 waves from the...

The_202_Quants Updated 

Well, another option is to keep cool and if we are not in a trade to ride this one, that is okay! Trading is watching and analyzing most of the time (at least for me). Now, I'm not in any trade other than my 2 daily positions from 8,750 and 6,750 so I'm very happy with BTCUSD. The faster we take out resistances the better. So, I'm not in a trade in the 4h or 1h...

The_202_Quants Updated 

Well, few days ago, I was thrilled at the perspective of buying ETHUSD in the coming pullback, that never came. And now, despite the amazing run, we are left with a 3 waves to the upside from the low in a pretty bearish / neutral situation in 4h (middle of the river). Not so appealing. So, no, I won't sell - check the related BTCUSD Idea below for an explanation...

The_202_Quants Updated 

ZRXBTC 4H UPDATE - 25/04/2018 9,715 held and 11,800 has been taken which opened the door for 12,992-13,484 with possible extension to 14,281 and bulls will have a line of bears at 13,598 as psychological price (I don't use them in my trading, but should not be ignored, especially when it is at equal leg area ;-)). So, at the moment, cycle from 4,922 is mature...

The_202_Quants Updated 

ZRXBTC 1H ASIA UPDATE Cycle from 9,715 low is still alive and while above 10,920 we should see 12,732-13,163, possibly 13,860. Break below 10,920 would end the cycle from 9,715 and put pressure in 9,715 (which is soft support and should not be used as stop). So if this happens, we might still be in purple 4 with a FLAT from 18/04/2018 high. To be noted that we...