ZECBTC trade ideas
ZECBTC - Your hatred is my lovethis is the reason why you should hunt macro frames not micro
masses crying about new lows, reality is- we're in a macro channel
zoom out = woke
anger, depression, fear of buying something that seems to be dropping endlessly. For all I know, is that ZEC involves the biggest parties, minds, and the MMs are relentless on this one.
This is nothing but a winner
patience is key
GM
zcash is 'bitcoin-like'Finally starting to see some buy pressure on ichi cloud. Tenkan kijun cross still elusive and difficult to visualize on this chart. It has been over 4 months since there was any buy pressure at all, but my thoughts are that in Dec. '18 we saw some early adopters accumulating. Given the relative interest in these markets the past week, it is possible that this strong alt may see some sizable gains. It still captures a small amount of market share, and is often overlooked by current market participants, but this could change quickly and the MSM may start telling you not to buy ZEC instead of telling you not to buy BTC.
Not financial advice you Warren Munger and Charlie Buffett worshipers.
Crypto twitter overly bullish on Zcash i only see this at bestI have noticed Crypto twitter being overly bullish on ZEC. I have no idea for what reason because they see a 4h bullish rsi divergence? All this tells me we could definitely see a bounce but a reversal no way!
We broke a BIG high timeframe a week ago we have not yet tested that level i expect that level to hold as HARD resistance. as long we do not trade above that level you cannot be bullish longterm on zcash.
What i do see is a potential lower timeframe setup with an upside of 9% why? :
- For the people that like to use indicators you got your 4h rsi divergence
- Obvious 1h S/R level that has been respected nicely so far. Got to wait for that level to break again before thinking of longing this.
- That lower timeframe target i pointed out we never tested that level creating inefficiency in price so i do expect Zcash to trade into the level before moving back down.
- We also got the OTE Meme at our target which alines perfectly for more downside on Zcash on a longer timeframe.
ZEC Falling Wedge - $ZEC #ZCASHZECBTC has potential to bottom by July.
GDPR regulation is being overlooked. No large North American or European bank conducting transfers using cleartext blockchains will be able to meet regulatory requirements.
"Laws such as Gramm-Leach-Bliley, HIPAA, and COPA in USA and GDPR in Europe mandate the use of encryption, along with other tools and processes, to protect citizens from unauthorized parties such criminals, unauthorized commercial interests, foreign governments, etc. ..." -Zooko
Current transfer systems Fedwire, SWIFT, and ACH conduct transfers privately. Why would the upgrade to blockchain technology necessitate removal of longstanding regulatory and privacy primitives?
"The Zcash protocol’s cutting edge use of zero-knowledge succinct non-interactive arguments of knowledge (“zk-SNARKS” or “zero-knowledge proofs”) makes it a truly innovative privacy coin that offers confidentiality for peer-to-peer transactions similar to those afforded to fiat currency transfers (e.g., ACH, FedWire, SWIFT, etc.)." -Eric Winer
Regulated 1st-world banks do not advertise their transactions in the daily newspaper. Why would these same banks wish to publish transfers on the Internet, publicly and permanently, in real-time?
In the field of Information Security is the concept of "data aggregation". Public transactions on their own have little value. However, once multiple data sources are compiled and matched, the data becomes meaningful, and vulnerable to exploitation.
Chainalysis and CipherTrace are two such companies that specialize in this type of blockchain-to-customer data aggregation.
Banking regulators (will) view vulnerability to such attacks as a gross violation of the multiple regulatory standards mentioned above.
JPM is testing zk-SNARKS (used in Zcash) and ING Bank is testing bulletproofs (used in Monero and Grin). The privacy age is upon us. However, such technologies won't be viewed as privacy coins for long. Encrypted blockchains will be viewed as standard operating procedure.
Just as no bank would dream of using HTTP over HTTPS, no bank will rely on unencrypted blockchains.