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Horizen / Bitcoin
Long

ZEN Entry

By nikcrypto
Updated
Sell off into high traffic support level and prior resistance. Wick on trend + oversold. Decent RR and probability.

Bitcoin price activity is a factor. Position sized accordingly.
Comment
Broke local trend on recent Bitcoin move. Seeing continued inverse correlation in most altcoins. Will assess for an exit on the retrace, or stops.
Trade active
Seeing bounce on the support level just below entry. Now oversold on larger timeframes. Added to cost average. Leaning towards a graceful exit (or scaling back to original size) at the trendline turned resistance. Bitcoin price activity still primary decision driver. Stops still in place.
Trade active
Scaled out 50% at support turned resistance. Base price .0029 on remaining position.
Trade active
Pushed through immediate resistance. Watching for the larger breakout.
Trade active
Developed into a larger consolidation range. Trade continues on higher time frame. Fib extension remains target for first profit take.
Comment
Higher Time Frame Chart:

snapshot
Comment
asc triangle w/o wicks.
snapshot
Trade active
Early breakout, keeping an eye on volume.
snapshot
Trade closed manually
bagheld this one for a while - finally sold into recent move.
cryptoFibonaccimasternodeTrend AnalysisZENBTC

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