Hi, if the previous idea that is working really great for the trader, the chartist I also am was not satisfied because of the count. Can you spot the difference? - Equal leg area in an ongoing cycle tells us that count needs to continue to push until this area is reached (truncation at 61.8%-78.4% is also alright). - RSI divergence. I use this only to determine...
I missed the previous entry but this double correction is a good opportunity. I want to be very clear here that there is no bullish sequence in 1h and 4h. This is counter-trend and I take the trade because I already made a profit in daily trade and that adding here does not make me take any risk here. The exact level was proposed in previous idea (linked below)...
Here we have a coin that is coping very well with he BTC falling it has enough momentum for lift off, it broke out around a week ago and you can see its now currently consolidating In its channel, it nearly broke out again earlier today but was held back by the BTC. This coin here will be 1 of the first but also 1 of many that will break out nicely after the BTC...
Technical analysis shows that there's a prospect of growth in 24 hours
ZRX in a steady uptrend since 5k and recently consolidating in the 8000s. See bullish divergence indicating continuation and picking up a big bag for the continuation move up
Maybe a cup and handle...definitely a nice wedge forming. Does ZRX want to play? *Not trading advice obviously...just sharing an idea. Open to thoughts of your on the subject
Following missed trade on previous idea, here is a possibility for coming sessions with a setup in 1h/15min time frame. Will update this one, eventhough I am already in ZRXBTC trade.
Coin of the day is Ox. Ox (ZRX) is one of the hottest digital assets on the market right now. It bounced off 0.00005 low ten days ago, breaking the three-month downtrend. Many traders connect turnaround in the downtrend with the news that Coinbase is adding custody of ERC-20 tokens which could lead to listing the asset on GDAX or even on Coinbase. ZRX connection...
Cycle ended on 19/03/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence. First 3 waves down truncated at 61.8%-78.4% extension. From there bounced in 3 waves to fail below last high....
Following the article on correlation, I present ZRXBTC for a long trade and practical example of the importance of 18/03/2018. As we see, a cycle ended at 27/01/2018 high in a 5 waves up (RSI divergence in 4H and daily timeframe), so according to EW, this is calling for another 5 waves up. All cycles identified by vertical lines ends very precisely at 100%...
As per mentioned in previous idea, cycle ended on 19003/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence. Stop will be below the 161.8% extension even though invalidation level is...
Looks like we got a good bounce and found a recent bottom with 0x. Seeing elliott waves impulsing up and now it looks like an ABC correction is forming. Exciting times ahead!
This seems to be the best strategy to use. Patience and strategy kids.
0x looks as though it could be set to break out from my buy levels in this area. MACD cross incoming and RSI looks ready to turn back up.
ZRXUSD has been correcting the cycle from 13/01/2018 high from 2.4786 in a 3 waves move - 13/01/2018 low, 27/01/2018 high and I am calling 19/03/2018 low at 0.3487. Work is based on EW theory adapted by The Trader's Corner on daily, 4h and 1h time-frame. Also, ZRXBTC has a clear structure and also reached equal leg area, not only ZRX should appreciate against USD...