ZECBTC trade ideas
ZCash - Setting up to turn a bit of BTC into a LOT OF BTC! :)Zcash - One of the biggest cryptos for 2018 and beyond with absolutely huge potential.
Just broke out, retested the demand zone and now on top of some strong moving averages for support.
If I told you how much I think ZEC will grow this year you would call me crazy. If you check out the history and fundamentals for this coin, with the Roadmap dates coming up, you would be mad to miss it.
Put it this way, I’ve just laddered 50% of my BTC holdings into this trade so I’m pretty confident. And so have most of our clients!
Trade safe guys.
The Colonel xxx
ZEC AE and FractalZEC finished a weird AE / inverted H&S pattern and already reached the measured move and has since retraced to the 0.618 fib. I have added the December fractal but played out of a little longer time frame as it is moving so far about 1.5-2x slower than it did then. I have used Fibs for targets matching up exactly with how the fractal played out last along with previous support and resistances. ZEC just finished retesting the neck line and now can consider than strong support as the VPVR is very thick right beneath it. I would expect a move up very soon. Keep on eye on BTC but if BTC doesn't do any serious dumping ZEC should be in for a move shortly.
Zcash, ready for take off. After a very good mid 2017 I sold up and have been waiting for Zero Cash to bottom out.
I think the its awake, and ready for a lovely trip to the moon.
Zcash and I have one hell of an amazing bond.
We didn't start off very well, but Zcash taught me all the hard lessons very quickly, and now we have a lot of respect for each other.
To the moon we go!!!
Love Daz.
Zcash... Does It Have A Chance?Basically we have seen ZEC take a huge drop from its previous high around 0.170 btc all the way down to 0.017 (a 90% drop). It started to recover and everyone (including myself, see linked chart) hoped that the inverted head and shoulders was going to be its path to redemption. It started to rally with bitcoin's last push upward (mid December) but didn't make it much beyond 0.05 btc.
At this point, it has fallen back into a major support resistance zone, and coupled with the bitcoin bearish trend, I would expect the price in USD will get to a point where we see a reversal in the zcash vs bitcoin. Personally, I think with all the privacy talk (Facebook selling data), privacy coins have a good chance for some attention. Zcash seems under appreciated and it seems to have finished a bubble cycle.
So what is the play?
I am probably going to set buys or open long positions between 0.026 and 0.022. If we set a new all time low (below 0.0165), all bets are off and it will need to find a new bottom.
I will add updates as this trade progresses. For now, I am of the opinion this is an excellent zone to accumulate and it is one coin I believe has serious upward potential. The Stoch is curling down which means people are still selling; hopefully the support zone holds.
**NOT INVESTMENT ADVICE/DO YOUR OWN RESEARCH**