Hi fellow traders, I started to trade forex 12 years ago. I looked at almost all possible literature (books) and Technical Analysis (Japanese candle sticks, indicators, Elliott Waves, etc.), traders' psychology, paid for expensive forex courses. They all failed me . 4 years! Not because these were wrong (or maybe but who am I to say so) but because they were of...
Hi fellow traders, I think all is pretty much on the chart. Public enters late in a trend resulting in buying high and holding their loss during the correction until it becomes unbearable - refer to the traders psychology cycle - and sell the bottom before the price can go higher. Let me know your opinion on that ! (even if you disagree ;-)).
Litecoin has been strong lately. Interesting structure in 1h to buy correction in 3 waves pullback. Careful, still bearish in 1h ... More analysis with our patrons.
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...
Main comments are on the charts. At the Trader's Corner, we give options with levels to act upon. The count itself is not really important, except if you want to be a chartist yourself. I have been practicing for more than 12 years in forex and indexes and cryptocurrency recently. Fascinating. Also, when you read my chart, this is the most likely path that I pull...
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)...
ETHUSD is in a great configuration to understand how a chart works, at least mine. In current cycle (1h time frame), ethusd is very bearish and 4h time frame do not really offer any floor as well. We only know that daily is bullish because of the motive 5 waves up from inception, but we only have a wide area where the correction could end (I pushed it once...
As per previous chart, ETHUSD follows the path. Count has been changed to reflect that RSI divergence has been erased so that we cannot see the cycle from 983.31 as a motive 5 waves anymore for now. I remind here that I am bullish crypto because: 1. conviction but that does make a case for it, 2. bullish in daily and 3. too late to be bearish ... (remember that...
Being stopped out at break even on previous trade, I cannot jump in this one. But I post it here, line in the sand for bulls.
Following idea from 14/03 Note: the chart has not been touched/updated since then In lower time frame, a cycle from red 4 high from 21/03/2018 has completed at 53.43 so the alternative (dotted line) is still in play as long as 49.04 holds but buying here does not make sense to me at the moment (if it happens to be the path, I will change the EW count as simple as...
Ok, we got stopped out in 1h. Testing waters (Check previous idea). That is trading, we lost 1 or 2% of our capital, we move on. Let's step back a bit and see what is going on. Daily bullish because 5 waves up (RSI divergence in daily checked, again ...), 4h I keep repeating neutral and now 1h is bearish in this cycle. So the road is bumpy, we should not...
There was this question I read in a blog or page: How come altcoins follow bitcoin especially when they go down? I believe that this is not exactly true so I pulled this graph if it makes any sense. But I found some interesting information as always when we talk about correlation within a market (crypto-market). We see that end of 2017, bitcoin (and bitcoin...
No trade setup here, but just to have a look at Ethereum which just broke down its low from 19/03/2018, finishing to purge the public in what has become a FLAT from 28/01/2018 high. Now the hunt has turned into chasing, of which I am not a big fan. However, no need to get end of the crypto world here as we are all good when it comes to weekly chart with a lot of...
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.
Not every day that we can start fresh with an instrument, with not so much data and history. So let's look at BAT (Basic Attention Token) based on Ethereum blockchain from the chart point of view. Well, first it looks like there is plenty of room to the downside but we reached the 61.8%-78.4% extension zone of red label degree and while I know that equal leg...
XCPUSD has ended a cycle on 12/02/2018 high at 97.60. Since then, the token has developped a double correction structure through 17/01/2018 low, 23/01/2018 high and we are in the final leg. I called the first cycle of this third leg completed at 02/02/2018 lwo followed by a FLAT that ended at 39,657 high on 16/02/2018. From there, I can see a wave 5 possibly...
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....
Because of marginal new low at 8,265.00 that did not make a new low in RSI, I propose end of cycle from 9,188.10 at 8,342.00 with a FLAT that brought bitcoin to retest 9,000.00 mark but should fail to take out 9,188.10. So, if a marginal new high cannot be ruled out, I expect bitcoin to turn lower to break below 8,342.00 to equal leg area at...