Education

Attempt With Wyckoff's Rules Regarding the Composite Man for ZEC

Updated

NOTE: I already made my main argument in the large note on the chart.

ZEC looks promising. The volume we have had recently makes volume of the past look pale in comparison. This is my reasoning behind believing we may have finally come to a point where we can find support and move on to accumulation.

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Another consideration: Unlike many other ALT Coins, ZEC was NOT PRE MINED. There is little concern of being dumped on by developers. Developers receive their ROI by the miners AS THEY MINE ZEC.

So, very little chance of a breakout then a throwback like we had with XMR (MONERO).

Happy Trading.

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zerocash-project.org/paper

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ZEC might be getting ready to make another move.

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FOR COMPARISON: Look at BTCUSD how it was an OBVIOUS setup to prepare for a SPRING that first began with PS the beginning of Nov. 2015, THEN SC, THEN AR (Placed at the wrong location, sorry, will have to correct that), THEN ST while ACCUMULATING; THEN and 2nd AR (Not provided in this chart; will have to add later); THEN another SC before a TEST then a SPRING to the next BREAKOUT level:

Attempt at WycKoff's Rules on the Composite Man (Whale) With BTC

FOR COMPARISON: Look at XMRBTC how it was on an OBVIOUS setup to prepare for a SPRING just like BTCUSD: GO to the very last chart I posted as a comment in that publishing and you will see VERY similar action to let you know to prepare for a SPRING.

XMRBTC - Follow Up on Wyckoff's Rules regarding Composite Man.

FOR COMPARISON: Look at ETCBTC how it was on an OBVIOUS setup to prepare for a SPRING just as the previous two. However, it's SPRING began rather quickly after the final SC before a very little TEST then a SPRING.

ETCBTC Made a SPRING Towards a BREAKOUT. I'm in.

ETCBTC is a PRIME example of what I mean when I say BE PREPARED because they can sometimes SPRING QUICKLY.

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Make sure to CLICK on the XMR chart to be linked to the publishing to see the last chart I was referring to for example. Each one of them. Click on them for comparison. Then, maybe you might prepare.

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I'm heading out to run some errands. Be back in 45 to 90 minutes.

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MY BAD... HAD TO EDIT THE XMRBTC aqua blue line. I meant more like this comparison. Have a look:

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I put ZECBTC back up underneath this one to make it easier to compare:

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I think that was good enough to get an idea. I just wanted folks to be aware this could SPRING out a little sooner. It's possible but not guaranteed. Keeping a close eye on it.

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That's more like it. Out to run errands now. Happy Trading.

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I've come up with at least two if not three scenarios for ZEC. You may be thinking, "Whaaaaaaat... Is that your way of making sure you're never wrong?" No, has nothing to do with that. ZEC is in its infancy. Which means it could be difficult determine EXACTLY where Preliminary Support will be. The two if not three scenarios regard PS, which, affects everything else.

I look forward to completing and posting them tomorrow.

Until tomorrow...

Cheers and Happy Trading.

WyckoffMode

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