The_202_Quants

ETHUSD 1h - caution does not mean sell but respect the buy level

The_202_Quants 已更新   
BITSTAMP:ETHUSD   以太坊
Exceptionally full comments on ETHUSD 1H ASIA UPDATE
Following recent update of the count in 4h, we have a bullish sequence from 358.40 and therefore 498.34 will act as our main invalidation level in this sequence. For now, having had a motive 5 waves from 498.34 that ended at 624.75, as long as above 573.58 we should see at least 699.99-729.82 with possible extension to 778.11.
This means that we are already at equal leg area and that cycle is mature but I expect one marginal new high to complete the sequence from 573.58 low in a motive 5 waves.
Path is pretty clear up to red -3- but then we are exposed to bears and coming sessions will be important. Indeed, there is nothing to confirm that we will have a motive 5 waves up from 358.40.
Invalidation level to the upside is 573.58 and 498.34.

I'd prefer the other setups given this morning. Be safe with ETHUSD. I won't participate.

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


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评论:
So, 1 sequence from 573.58 is completed means that red -3- is completed.
Follow instruction on the chart and caution is required as cycle in 4h might be ending
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