ZECBTC trade ideas
ZECBTC a strong breakout expected | Upto 1062% profit expectedThe ZEC is moving within a pennant since feb 2017 and at the bottom of pennant we can see the MACD has given strong bull signal moreover the RSI is already oversold. The price action can breakout the pennant from here insha Allah very soon.
The targets are:
Sell betwen: 0.061458 to 0.118045
Regards,
Atif Akbar (moon333)
#ZCASH preparing to get out of descending wedgeIt has been trading withing a descending wedge that has very strong monthly levels and respecting the trend lines that give it support or resistance to made it stay near its lowest support level of 0.007972 BTC and it should test the 0.012775 BTC level at least one before starting a new move. It created a daily support of 0.009872 BTC and its been above since a week ago and is currently trading at 0.010321 BTC. It seems to be a good opportunity to get some #Zcash before it tries to test the resistance monthly level. It could go further reversing the down trend but another direction is more likely after the first test. If you buy now and hold until the first test and sell then you can probably buy back once it has reverted to previous levels before starting its new move.
ZEC-BTC Long Trade PlanCommodity : ZCASH
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
$ZEC Potential ascending triangle at ATL BTC levels...$ZEC Potential ascending triangle at ATL BTC levels...
UCTS Buy signal flashing on the daily..
Volume is growing..
RSI coming out from really low oversold levels
Retesting last support now resistance (20% ~ ) seems not too crazy for this asset...
#ZEC
ZEC/BTCTwice I've called alt season and twice I've failed.
Third time's the charm?
Alt charts should be making their way to the disbelief stage vs USD very soon, now that BTC has had its steep "sucker's rally".
I've seen the alt market act like this before, in December of 2017.
It appears the algorithms are using the same technique to hunt. Push down until there's no sellers left, then retest. Short term Adam & Eve.
Will the alt boom be as meteoric as December 2017?
Before, I was under the impression it would be a slow, tangent rise to the disbelief stage, but then we saw what BTC just did, so I looked back at the dot com bubble.
Same players, similar game.
Amazon, for example, took 40% of the time it took for its depression phase, to get to the top of the disbelief phase.
How does that look for alts? ~200 days of depression phase = ~80 days of uptrend to the top of the "sucker's rally".
Alts that are going to survive should be able to go to 35%-65% of their peaks of the bubble, in this phase.
ZEC, for example, peaked at $800, so it should be able to make it somewhere in the range of $280-$520 within this 3 month period.
While BTC falls value, into disbelief, this should show a 4-8x rally, relative to BTC.