The_202_Quants

BTCUSD not yet there. Patience should be rewarded soon though

The_202_Quants 업데이트됨   
BITSTAMP:BTCUSD   비트코인
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 trade, but means I don't need to have a risk of chance of success as per my own method).


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 06/05/2018-12/05/2018, I propose ETHUSD


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코멘트:
looks like red -1- is in place (cycle truncated)
코멘트:
change of count with motive 5 waves down to account for RSI divergence and early end of sequence from 9,948.98 high
No change in view
코멘트:
BTCUSD is heading higher. Bounce should fail below 9,948.98 for another leg lower. Don't like to sell here or higher but buy lower if reached.

코멘트:
BTCUSD textbook correction.
Had the direction since April 2018. Patience has been rewarded.
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