NEOUSD 1H ASIA UPDATE - 10/06/2018
Price pushed down below 51.66 and is heading for a double correction to 50.12-48.17 in confluence with 48.34-47.45 (equal leg area of cycle from 58.31 high overlaps with invalidation level 47.45). So alternate view was the right path chosen by the market (seen it coming as I mentioned NEOUSD was heavy for past few sessions but...
NEOUSD 1H ASIA UPDATE - 09/06/2018
FLAT from 02/06/2018 high ended at 51.66 and bounce reached 54.96 before turning down in what appears to be a FLAT with sequence from 07/06/2018 high as a 5 waves down to 51.81 within equal leg area as proposed few sessions back.
So, as long as above 51.66, we should see higher toward 55.10-55.88, possibly 57.14 to either...
NEOUSD 1H ASIA UPDATE 07/06/2018
First sequence from 51.66 low ended at 54.96 and we need this level to break to the upside to propose a bullish sequence to the upside. Until then, NEOUSD is still under the pressure and failing to hold 52.33 would send the crypto to challenge 51.66. If this level fails as well, we would have a double correction towards 48.34 and...
NEOUSD 4H UPDATE - 08/06/2018
View unchanged. For past few sessions, NEOUSD has entered a range and while preferred view is higher from here, I cannot rule out a third leg lower for a double correction to challenge 47.45 and possibly 44.16 - I remind that we have a FLAT from 25/04/2018 and therefore it can extend in its third leg, 47.45 being a soft level but...
ARK/BTC is trading in the red and seems heavy on the short term after the failure to reach the upside sliding parallel line. We may have a selling opportunity after a valid breakdown below the downside sliding line (SL). A first downside target will be at the warning line (wl1).
If a double bottom happens and bounces to breakout from the current downtrend (~26$) it could close in the previous downtrend resistance level at the 0.382 fib retracement ~34$. Possible turnover 30%+.
NEOUSD 1H ASIA UPDATE - 06/06/2018
Great structure here from 02/06/2018 high that I never call before it is confirmed because it is counter-intuitive (but always in mind because it is damn frequent those days in crypto).
Previous count was motive 5 waves from 47.45 low and we end up with a motive 5 waves to the downside from 58.31 high, making it a corrective...
0x gave me my most profitable trades already this year. 8 years ago, I would have fallen in love with this one and lost it all to it lol - 0x left me at 10920 and I would have chased it again and again to be only rinsed when it reached 13,493 haha)! But this one gives me spice, oh yeah!
Very daring buy at 14,478 because equal leg area was overlapping with...
Hi everyone,
I don't exactly know how it happened during NY session but this morning (I live in Malaysia), I have to say, I was happy to see the price higher!
Not the cutest structure but it is what is and I will take it!
And until view is denied, it is still on. So I keep pushing !
Take my clue on markets in NEOUSD latest 1h Idea...
Every week, for one...
NEOUSD 4H UPDATE - 06/06/2018
View unchanged despite count changed in lower time frame. I will be monitoring the rsi trendline for the end of the cycle from 47.45, but focus will be in coming sessions towards 58.31.
I remind that there is no bullish sequence in NEOUSD nor in daily nor in 4h. We just come out of a FLAT and the structure from 44.16 low is in a...
NEOUSD 1H ASIA UPDATE - 05/06/2018
NEOUSD follows the path despite overshooting the equal leg area as the pullback developed in a FLAT (3-3-5 in 15min).
As long as I don't see rsi divergence in the 1h from 58.31 (meaning I don't want to see a marginal new low here), and therefore 52.18 holds, the bounce should develop in at least a corrective 3 waves.
I don't...
NEOUSD 4H ASIA UPDATE - 05/06/2018
View has not changed despite deep pullback yesterday. For now corrective 3 waves to the upside from 47.45 low, so caution with longs if you intent to jump in in the middle of nowhere.
I would really like to see a break of 58.31 now to confirm end of cycle from 94.65 and as long as it is not done, bears have the upper hand.
I...
Great structure and great call at 931.60 ?!?
LOL, I did not buy that level because there was simply no setup and the red -5- cycle is truncated so I spare you the "my chart told you so". Refer to the education part on how to read a chart.
So, structures did great and path is clear but that does not help me with any trade (remember, risk management, risk to reward...
The crypto pair decreased today and could pressure the 0.005564 critical support level. A valid breakdown will confirm a further drop. Only a valid breakout above the downtrend line will announce a broader rebound on the Daily chart.
XRP/USD has reach the 150% line which represent a very strong dynamic resistance. The price was send lower again as the all major crypto have dropped today.
Ripple will become strongly bullish after a valid breakout above the 150%. However, it could also increase between the 150% line and teh WL1. It is very important to see where it will close the day because it...
Bitcoin dropped significantly today and is almost to reach the broken upside line of the down channel. It has found strong resistance at the SL of the ascending pitchfork. It will become strongly bullish only after a valid breakout above the sliding line (SL).
A failure to take out this strong dynamic resistance it will send the rate down again.
NEOUSD 1H ASIA UPDATE - 04/06/2018
From 47.45 low. Price has reached equal leg area of the cycle BUT we have rsi divergence, so either cycle is truncated or we should see a new high in price (preferred option) to complete a motive 5 waves to the upside, calling for another motive 5 waves leg, but let's not anticipate and see.
For now, I would stay on the side...
NEOUSD 4H ASIA UPDATE - 04/06/2018
The bounce from 44.34 low was in a corrective 3 waves (purple 1) and the FLAT (red 1-2-3 cycle) extended to 47.45 and I stayed aside because there was not setup according to my system. However, the price bounced from 47.45 and as long as above this level, we can expect more upside. However, NEOUSD is still bearish turning...
