CRYPTO of the week: ZRXBTC 1h Europe update
ZRXBTC 1H EUROPE UPDATE
ZRXBTC traded higher during Asia session taking out the high as of my last update. In 15min we reached equal leg and there is a reaction. I need to need a break below 10,907 in coming bars to have the count alive. I would not recommend to sell here but to get ready for longs lower, even though I am not a big fan of buying FLAT, also knowing that for now, we only have a corrective 3 waves move from 4,765. Check the 4h and daily view on the matter.
If price is breaking higher from current levels, we may have red 1 as purple 4 and count in 4h will be adjusted.
Invalidation to the downside is 11,800
Invalidation to the upside is 7,037
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the 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.
ZRXBTC traded higher during Asia session taking out the high as of my last update. In 15min we reached equal leg and there is a reaction. I need to need a break below 10,907 in coming bars to have the count alive. I would not recommend to sell here but to get ready for longs lower, even though I am not a big fan of buying FLAT, also knowing that for now, we only have a corrective 3 waves move from 4,765. Check the 4h and daily view on the matter.
If price is breaking higher from current levels, we may have red 1 as purple 4 and count in 4h will be adjusted.
Invalidation to the downside is 11,800
Invalidation to the upside is 7,037
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the 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.
No harm done because I did not sell here. Will reassess and adjust accordingly