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ZCL

$ZCL #ZClassic - getting ready for the next pump action!Hello Lads and Ladies, Today we have quite an interesting coin ZCLBTC that I have been trading myself quite some times. Just a little story about it first, ZCLBTC had a 9900% gain last year before the BitcoinPrivate Fork, went from $2 to $220 and then back to $5. Now, a few months back there were rumours that ZClassic is forking again, so people started FOMO-ing into it. Here comes the funny part, ZClassics' Twitter is controlled by BitcoinPrivate people who posted at the price of $40 that they do not know anything about a fork and any rumours are fake, this lead to a 50% crash within a few days. 3 days later BitcoinAnonymous presented the team publicly. Unfortunately the price did not go up again since then but it is not crashing completely. #CryptoTwitter The ANON Team is legit and forking Bitcoin and ZClassic in September 1:1 with a possibility to get a master node with just 100 ANON. So if you want a master node, get yourself 100 ZCL and leave it there until the fork, I think CCA also already mentioned this once before. Alright, now back into the short time chart,, keeping it as simple as possible and making it easy to learn. The first thing that is important to look at is the big and strong buy zone between 150000 and 145000 satoshi. Here the chart bounces off very clearly and does not cross it below. So whenever you see ZCLBTC in this region and there are no negative news or other external influences, it is a good point to buy. Next are the two blue dotted and the green dotted lines. These are basically small support and resistance lines in the Channel between 145000 and 200000. The first blue line is there to confirm an upward movement. Then followed by the green line, which when is broken, will almost guarantee a push to the second blue line. Whereas, when the green line is not broken, it will most likely go down to the buy zone. SO, breaking the strong green and the weak second blue line, the chart goes up to the 200000 line and has to decide, what will happen next. You have to know that the 200000 line was previously a strong support line but now has turned into a strong resistance line. So, after crossing it already twice, ZCLBTC has failed to continue the push and has retraced back to the dotted lines and finally the buy zone. The thing with the support and resistance lines is, that you will never hit it unlimited times. It is like hitting a wall with sledge hammer and if you hit it hard (big volume) and quite some times (here already 2, mostly it breaks by the 3rd or 4th time), it will break (all orders sitting there will be filled) and allow the chart to test the next resistance. Basically after hitting 200000 3 times with big volume, we should see ZCLBTC rising above it and trying out the next resistance at 220000. So, after hitting 220000 we would see the 200000 line turn into a support again. on which we should not bounce a lot off because then the buy order will get filled and we will see the 150000 again. So again, resistance represents many sell orders and hitting these will have less and less sell orders the next time. Support represents buy orders sitting at that level and bouncing off support too many times will cause less buy orders at that level, what raises the chance of going to the next level of support (with a lot buy orders). I recommend to check the order book on the exchanges you are trading. These order books really show you great levels of support and resistance as well as where you should put your buy or sell order (before the big amount, so yours gets filled). As little side note, ZCLBTC is a very nice example of how much cryptos love round numbers. Just take a look a look at all of these lines and keep it in mind for the other coins, that you take a look at.
ZLong
by KongTrading
1
ZCLASSIC FALLING WEDGE COMPLETED!ZCLASSIC has been popular for its pumd&dump but who cares we are only trading coins like this to make profit and there seems to be a profit upcoming here! ZCl recently increased to its resistance of 0.0021 and retraced back to 0.00160 where it formed a falling wedge pattern where it hit the base 0.00160 BTC for a couple of times and it just broke the falling wedge pattern and should be looking to hit 0.0021 BTC again which is an easy 25% profit in a couple of days where if the market will be looking green at that moment we might be even seeing bigger rise to 0.0026 BTC where we would be talking about a bigger profit than 50%!! Some indicators showing a bull signal: STOCH RSI showing oversold MACD is looking on its way up and is getting close which indicates a breakout may be soon Also ZCLASSIC has confirmed the Falling Wedge Pattern by touching the base and the side of the wedge at least twice and it also broke the wedge so we should be looking to hit the top of the wedge once more which is 0.0021 BTC So I guess it is time to long ZCLASSIC Buy-in price: 0.00166-0.00180 BTC Targets: 1.0.0021 BTC 2.0.0026 BTC 3.0.003 BTC (long-term) Stop Loss: 0.00159 BTC however after your stop loss don't forget to buy back!! Buy-back(in case of stop loss): 0.00151-155 BTC
Z
by farhadjafarov7
12
ZCL, WE HIT RE-BUY!So we hit RE-BUY, and are looking on our way up. I am staying Bullish for this coin as the retracement is still healthy and as we hit re-buy the price bounced back which indicates a strong support for this coin. Indicators: -MACD is going sideways on the line of 0 so breakout can be anywhere nearby -STOCH RSI is showing oversold which indicates that the price should be moving up -Elliot Wave Oscillator is still looking green but has came to a minimal level but it looks like it is diverting upwards again, indicating another bull run So, if my predictions are right then we should be seeing the next wave of the breakout with ZCL and I still stay for my target from previous post. Don't forget to put stop-loss for this coin as if we fall below 0.0017 BTC then we should stop loss at 0.00162 BTC as there is a weak support at the price of 0.00165 BTC. Good Luck, Traders! -----L-E-T-S---F-L-Y-----!
Z
by farhadjafarov7
ZCL long -- great fundamentals, tech, and price.I got in at $13.10 just before the move up to $16.00. It's still a good price in the very-long term, IMO. This small crypto can hit $200 again, it's a risky play for sure. $1000 is the target if it takes over ZCASH. I also owned this from $2.25 last year. It has been good to me in the past, I believe it will continue to be good to me. However, I cannot put that much money into something so risky. The reward is still worth it. Less than 1% of net worth. Disclaimer: Not financial advice.
ZLong
by JPAZ_Holdings
7
>100x XPM forking to Bitcoin PrimeTremendous opportunity with XPM over the next 30-45 day window 1) Lead dev of BitcoinPrivate just left to develop BitcoinPrime (Rhett Creighton) 2) BitcoinPrime fork of XPM & Bitcoin chains likely to be announced with next 1-10 days 3) When ZCL forked to BitcoinPrime it moved 8000% in less than 30 days 4) XPM price has already demonstrated responsiveness to BitcoinPrime chatter on twitter 5) XPM only available through one sig exchange Poloniex, suggested low elasticity of supply 6) Long buy now also supported by technical analysis 7) Very large Reward / Risk ration; 50-70% downside versus >1000% upside
XLong
by arnout
1
How much more profit can we lock in with ZCL Turns out a lot more. We managed to catch this early and bought in originally at $5 and have profited greatly from this trade. We've taken profit multiple times re-entering when the price begins to retrace. Even during our 2nd trade, we managed to enter at $22 then close at $38 before it dumped! On the hourly, we've seen a bullish flag form and it just broke out! Tonight the Bitcoin Anon team is releasing details on their ZCL fork, which should cause the market to pump this coin to the "moon". Our stop losses are indicated on the chart (red boxes on the chart) same along with our take profits (green boxes) This is a high-risk reward trade so trade this with the utmost due diligence. Hope you all had a great weekend everyone!
ZLong
by 162Trading
10
ZCLASSIC WTH?! PUMP AND DUMP?! OR OPPORTUNITY?ZClassic a hard fork or a failed project, pump and dump scheme? This project was thought to be hard fork and a lot was expected from ZCL, however the price of the coin went on a free fall (when a man is on a free fall, there is no force acting on him except the gravitational so he falls with constant speed heading down, in other words very similar to how ZCL price fell xD), after which everyone lost hope in the project and even the team moved onto Bitcoin Private which is thought to be a triple fork. So ZCL went sideways for a while after which have seen the biggest pumps of this year with ZCL and the coin is actually looking to go up to its next resistance as it already broke its resistance 1, 0.003 BTC, and the next resistance is looking far away so we gonna have to fly, and from the pump we have seen already we know that this is not impossible and ZCL can fly! However, this is a very risky trade as a lot of people have joined the trade at its bottoms and with the profit they have made, they can decide to close this trade where we can see the price dropping back to its bottoms... But for long term trade this is a great opportunity to make really easy profit by buying now because even if ZCL falls to its bottoms, we have seen how the price can be pumped with this coin, and in long term we can see ZCL breaking even the third resistance which would be OVER 300% POTENTIAL PROFIT! My advice would be to buy this coin for long term HODL, BUT if you are willing to take the risk investing 10 % of your Blockfolio into this coin can bring you tremendous profit in short term. The targets shown below are solid for long term trade, however how good they are in short term, I don't think it is possible to know as the pumps and dumps this coin has shown is amazing! Target 1: 0.00305 BTC Target 2: 0.00806 BTC Target 3: 0.0102 BTC Stop loss: 0.00198 BTC Re-buy: 0.00148 BTC Coin potential price: 0.02 BTC.
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by farhadjafarov7
2