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Zcashbtc

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**
Long
by Brodie_MT
Zcash entering a MAJOR decision zoneHello everyone! Things are not sure in the zcash-btc match for the next couple of days. On one side, guarding the bottom price range, we have our big support zone, followed up by a 1 day RSI oversold indicator. On top, we have a strong resistance trend line with 1 hour RSI pointing at overbought, price right at the Bollinger band top range and volume steadily dropping in spike size. What is most likely to happen is a short term bounce off of the resistance and going to the support line or close to it, and then spiking up. I wouldn't buy or sell Zcash now, but if you do have it, HODL boys and girls!
by CryptoNapp
zCASH plays the bluesZCASH plays the blues For those that are unfamiliar with ZEC/BTC , it launched in October of 2016 and has a serious 4-star team working on it and backing it up. It uses ZK-SNARK which is basically a shielded address which is achieved through the use of their Zero Knowledge Proof construction. This allows users to send transactions that are hidden from public ledger (identity and value). Yes, there are other coins out there that offer the same sort of thing like, Monero (XMR), Dash (DASH), and even Verge (XVG). AND there is also ZClassic (ZCL) which is worth reading up on. Anyway, there are lot of articles out there saying ZEC/BTC will moon and be 60k by 2025, and it may, but if top 10 coins start to offer the same thing we may see ZCASH slowly fade away (or not!) But enough about the coin, lets get to the analysis... Looking at the chart above we can see that the previous support line has now become the new resistance line. We have a narrow trading range forming with a mid support line around .038. IF we fall below this we will be testing the .0313 - .0299 range as support, and below that would be a support of .01749. However if we can see ZEC/BTC break the resistance and find support at that level again we could see a return to around .0745 and then .1032. It looks as for now we could see ZCASH continue to dance around this narrow trading range for a while. However we are currently seeing a cross over in the DMI which could mean we will see a downward continuation. Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
by dustyPH
Zcash: Magnetic ForcesMagnet of support to bounce ZCash higher, attracting it to resistance levels. 4X profits from former low @ 0.12BTC? Take this crude chart at face value. This is unconventional use of Gann Fans. These Ganns are lined up breakout to break down on the Moving averages 7, 77, 231. Red is resistance top down and green is support bottom up. The Fib levels are top to bottom from the 7/77 intersection labeled by the white line with arrow and circles. The overall purpose of this chart is to say that this price level is sustainable with decent upside potential. The ask orders are absolutely piling up on Bittrex and Poloniex. I predict large volume to carry Zcash higher in terms of Bitcoin . Price levels, buy ins and other technical info? Not going to get it here. I'm going for 2X profit by next month, but do as you will. Remember the disclaimer: My charts and information is not advice that you should use whatsoever. This is insane dude!
Long
by SgtOuiOui
1
Zcash: Magnetic ForcesMagnet of support to bounce ZCash higher, attracting it to resistance levels. 4X profits from former low @ 0.12BTC? Take this crude chart at face value. This is unconventional use of Gann Fans. These Ganns are lined up breakout to break down on the Moving averages 7, 77, 231. Red is resistance top down and green is support bottom up. The Fib levels are top to bottom from the 7/77 intersection labeled by the white line with arrow and circles. The overall purpose of this chart is to say that this price level is sustainable with decent upside potential. The ask orders are absolutely piling up on Bittrex and Poloniex. I predict large volume to carry ZCash higher in terms of Bitcoin. Price levels, buy ins and other technical info? Not going to get it here. I'm going for 2X profit by next month, but do as you will. Remeber the disclaimer: My charts and information is not advice that you should use whatsoever. This is insane dude!
Long
by SgtOuiOui