ZRXBTC is done playing tricks. Back on tracks.
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 part of this respect).
So short-term, while cycle is mature from 21/04/2018 low, I expect one marginal new high to complete the sequence from 10,507 before the correction starts.
Our support here is 10,507 (soft) that if broken would signal the end of the cycle from the lows/
I'd rather not buy here as I mentioned that cycle is mature but I won't fade the move (don't like to sell motive 5 waves in a new cycle ;-)).
So sidelined for now
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 Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
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 part of this respect).
So short-term, while cycle is mature from 21/04/2018 low, I expect one marginal new high to complete the sequence from 10,507 before the correction starts.
Our support here is 10,507 (soft) that if broken would signal the end of the cycle from the lows/
I'd rather not buy here as I mentioned that cycle is mature but I won't fade the move (don't like to sell motive 5 waves in a new cycle ;-)).
So sidelined for now
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 Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Won't sell here but can't wait for the correction. I left it at 10,9xx ...