ZECBTC trade ideas
ZECBTC High risk but profitable opportunityThe price penetrates Ichimoku cloud where the lines intersect each other. Moreover the green cloud is above the red which means the trend reversed and our buying zone acts now like a strong support.
At the 4-hour timeframe there is Bullish XABCD pattern which can help to break through descending triangle. Nevertheless there is no strong fundamental and technical background for subsequent growth, indicators are bearish. There should be a downtrend to the triangle zone again when the price reaches all our target.
However mentioned at the chart bounce can bring a good profit in the short term
4 signals including ZEC and BAT were posted in the Premium channel 2 hours ago. The rest 2 signals are kept in secret as the are based on insider info and can bring huge x2-3 gains. Do not miss the opportunity
7 sept -> Will ZEC finally go UP?!So on the daily chart you see that the price is close to a support zone (orange zone), where a lot of buyers are. This means that we can look for any opportunities on a smaller time frame.
On the 4 hour chart you can see that the double bottom is forming, so we can’t act on it yet. But what we can do is setting up a possible trading plan:
Long position (4-hour)
• Entry: A close above the white line
• Stop Loss: A close below the white line
• Target: See the purple lines
Of course the stop loss would not be optimal, if the prices is going up. I will keep the idea updated when I see an optimal stop loss
18 Aug –> Bull Trap?! Will ZEC go down further?!The overall trend of ZEC on the daily chart is still going down. Also on this chart we see a completed descending triangle. Also we see that there is a little retracement to the resistance line of 0.023912, now we need to see if this resistance line is going to hold. So let’s look on a smaller timeframe.
If we look on the 4 hour chart we indeed several things that could indicate that the resistance will hold and ZEC will continues his downtrend.
1. Continuation pattern is forming, the rising wedge. When this pattern is completed then we can expect the price is going down further.
2. The last 2 candlestick is an evening star, which also tells us that the price is going down
3. Volume is dropping dramatically
Now we can start to setup a trading plan
Short position (4-hour)
• Entry: A close below the bottom blue line
• Stop Loss: A close above the bottom blue line
• Target: See the blue area
ALWAYS keep in mind! That this is NOT an investment advice, but an analyse . You can do whatever you want with this information, so trade at your own risks!
ZECBTC Before the Coinbase PumpIn the chart you can see when CB announced the possibility of adding this asset we got a nice pump. Retracement lines up well with the fib levels, you can see it bouncing through each support. I think we've bottomed as I see no real reason for another selloff, except maybe a BTC FOMO. Next support at .019 BTC, and this is where I'm setting up my buys. From the long correction and accumulation phase, and if my Elliot Wave charting is close to correct, we could see a nice Wave 3 pump then retrace to the classic 0.618 fibo.
I've been keeping an eye on this trade setup for awhile. Good luck!
ZeroCash [ZEC] Dual Chart vs Bitcoin and $USD [BTFD]Super keen for ZEC and its future here at BTFD
ZeroCash has been showing some very good signs of life as the BTC dominance rises, ZEC has been surviving well and making good gains for this very important crypto coin
it might not be in the top 10 yet but it still needs to be mined more and with support from the new ASIC's will ensure zerocash will be a top 10 player by 2020 when we have more in circulation
personally not selling my horded ZEC until over $5k a coin, still see a very important and bright future in the crypto-sphere
plenty more charts were posted today in our Telegram feed only, please join below to check them out...
good trades to you all
major