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This is my Zcash Analysis Long termJust sharing my point of view of Zcash. i am just a very beginner at the technical analysis but being in the space for a long time. I did discover the bottom for zcash so now am thinking we are going to see much higher price in Zcash because i think the bull market has just been start. not only Bitcoin wil go up but also some of the best altcoins there will get you a very good investment return. Zcash will have its halving at the end of the year so that will pump the price even more. hopefully my idea will come true and i hope you all guys will get as much gains as possible! :)
BITFINEX:ZECUSDLong
by AliAl-Sharqi
1
GLOBAL Bitcoin trend. Let's take a step back.Let's have a look at GLOBAL Bitcoin trend. Bitcoin has been rythmed by bubbles. As you can see we are in the end of the third bubble. What does it mean? During the previous bubbles, Bitcoin lost between 70-90% from its ATH. A new cycle begin each time that bitcoin is facing the global trend line and a new uptrend with expanse of 1000%. The point is that third bubble is certainly over, and we can expect a downtrend movement until the global trend. New ATH was 20.000 usd, so it can drop until 6000 to 2000. Let's have a look at bubble scheme. Each time the same pattern. Last big bull run during the last few weeks, then big drop, dead cat bounce and correction until trend line. It will be a perfect re-entry point, for growth with more than 1000%. Concerning altcoins, we speak about Bitcoin bubble, but in fact, we could speak of CRYPTOCURRENCY bubble. Indeed the major altcoins follows Bitcoin and in longterm have more or less the same % of growth. However, you could think the situation is different this time, because some coins have more potential than Bitcoin, but in the fact ALL the coins are related to Bitcoin, and their dependance are really strong. So I don't think that a coin will increase during the bubble explosion. It's important to be precise, and bubble doesn't mean, the end of Bitcoin of cryptocurrencies. The market has known huge growth for several years, and because it's promising and new tech, it will continue to growth during several years. Finally, I would say, that it's just an opinion, and I can be wrong. Bitcoin could continue to growth instead of falling to trend line. It could also break the main trend line because it's a bit outdated. But as trader we make plan, and chose the most probable, and in this case, the most probable is correction till global trend line. I know this idea is not relevant for day trade, but it's important to show that Bitcoin and the alts still have a beautiful futur. GIVE ME YOUR OPINION!I would appreciate it!
BITSTAMP:BTCUSD
by BrieucdeLooz-Corswarem
9