CRYPTO of the week: ZRXBTC 1h Europe - 25/04/2018
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 high 12,452 and therefore we will have a bounce and another leg to the downside.
If going higher from here, expect 12,452 to hold for a double correction WXY.
Fib retracement can help to see where we're at.
I don't like to sell here and will position longs at blue 2
Invalidation level to the upside is 4,765.
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.
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 high 12,452 and therefore we will have a bounce and another leg to the downside.
If going higher from here, expect 12,452 to hold for a double correction WXY.
Fib retracement can help to see where we're at.
I don't like to sell here and will position longs at blue 2
Invalidation level to the upside is 4,765.
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.
