I'm a Zcash permabull. Massive money flow bullish divergence. The price has made lower highs and lower lows since August 2018, while making higher highs and higher lows on the money flow index since August 2018. Very nice trend as we approach 1 year from Zcash halving in October. I'm accumulating, bleeding all over myself, and buckling the fuck down. Zcash is in good company seeing adoption from Flexa network, as well as the Gemini listing and New York masonic regulators giving us their satanic blessing. BTFD and HODL.
ZECBTC trade ideas
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ZEC/BTC POSSIBLE BREAKOUT!!!Hi everyone...
ZEC/BTC POSSIBLE BREAKOUT!!!
buy at: in chart
targets: in chart
stop: in chart
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HERE SOME GOLDEN RULES TO HELP YOU ...
** DO NOT BUY MORE THAN 10% OF YOUR CAPITAL **
** ALWAYS RESPECT THE STOP LOSS **
** EXIT WITH 70% OF THE CAPITAL IN FIRST TARGET | 20% IN SECOND TARGET | 10% IN THIRD TARGET **
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ZEC - Not good
It doesn't have a good situation and we are sat on a TL right now (4H).
I expect to break the bottom.
Only buy if it reaches the 6000 zone or after a confirmed break above 8000.
If 6000 support gets broken and price reaches to 5000 we need to analyze it again but mostly I expect an impulse bullish move
Targets:
8000
10000
12300
Stop loss 6000
TLs: 12 Aug - 14 and 18 Sep (timezone)
Zcash - can the anonymous coins bring profit?Zcash is the only coin from our list which is located in the green zone. Its rate has gone up by 1.7% over the last 24 hours.
From the technical point of view, the price is not going to recover due to the rising RSI indicator. Moreover, the trading volume keeps decreasing, suggesting the upcoming decline to the support at 0.0068 BTC.
Zcash/Btc...Below the death wedgeWeekly RSI still above 25, Zec/Btc has rarely fallen below the death wedge, and when it has the ratio always rallies back. We are either getting very close to a nice bounce, or look out below. At this point, fuck it, just buy more.
Zec/Btc looking for a bounce on weekly @ 25 RSIBeing all in on Zec since 1 million Satoshi price, I am naturally a little biased. However, there is a bullish divergence on this high time frame Zec/Btc pair. I believe this pair will naturally find a balance at above 2 million satoshis as the zcash halving approaches next fall. Keep in mind how much power and control the Zcash miners have to keep price suppressed. They are generating and controlling 0.1% of additional Zec supply DAILY... Suppressed price means less mining competition, why would the miners want to jack price to the moon on a coin that is already profitable to mine at current price? A moon shot now would only attract more hash rate and give current Zcash miners less power over the distribution. Therefore I believe there is a lot of open market price suppression by miners while whales accumulate via over the counter buys. I will keep adding, I think Zcash is a SOLID project, all the founder reward drama is way over hyped, and the btc pair will return to 5 million sats at some point in the coming years. Might have to suffer seeing 500,000 sats first, but the likelihood of the upside is high given the immense disadvantage of the current stock to flow ratio of Zcash. The supply squeeze next year will be very significant as a percentage of inflation, as annual rate will drop from 33% to 12%.
Zcash Analysis: Intraday timeframe chart patterns Conclusion for today’s Zcash price prediction: A bullish swing is expected to target between 0.010803 and 0.010560.
The 1 hour timeframe of Zencash (ZEN/BTC) is provided in this analysis with major consideration for the current chart patterns and their possible implications. Previous downtrend is highlighted using the bearish trendline that was successfully broken to the upside on June 27, 2019.
ZECBTC has remained in a sideways trend ever since breaking its bearish trendline with a bullish channel (tentative) identified to provide context for price action. The trajectory expected is indicated on the chart and the region of target for the Zencash price prediction is between 0.010803 and 0.010560.
Patience is also required to see what transpires in terms of entering long (buy) position(s).
A close above ~0.009294 can be used as part of the strategy to buy ZECBTC. Alternatively, a successful retest of the lower boundary of the bullish channel at ~0.008936 provides ground for bullish momentum.
A close below the channel’s lower boundary and also below ~0.008671 implies further downside action in ZECBTC.