ZClassic | Dead Coin Back to LIfe | Solid Mid-Term HoldToday marks a month since I called ZCL at 30k sats (currently 1000k sats)
Since my chart was deleted, I decided to copy/paste my rationale from the deleted chart.
I believe it gives decent insight on how to evaluate coins, and utilize market cycles. I also added Meta Comments to discuss conditions that have changed since my analysis.
I was a little off in my prediction; called 2000%, price went ~4000% up
That crazy price hike was due to the Bitcoin Private Fork, a coin that could potentially match the market cap of coins like Bitcoin Cash.
Meaning a potential 10-20x from current price.
However, this trade is inherently risky!
Coin has pumped a ton in a short amount of time. Keep in mind that if anything bad happens, we could take a pretty heavy fall.
And with the fork delayed to March, people are already a little testy.
Potential reward is huge though, so I will risk a little capital for it
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Trade Details
Small position at 990k, Orders at 880k, 760k, 655k
Targets: 1250k, 1600k, 2000k
Stop Loss: 540k - A lot less support under this zone. Could freefall at that point.
This is a mid-long hold. Coin should run up closer to March
We may see lower prices, but if alts party, then we could be near the bottom now
Super Guppy indicator (colorful waves, 2 groups of EMA averages) showing a buy signal. Slow EMA support coincides with 1.618 FIB line.
We want to come above the 1.618 FIB line and use as support. However, we are currently in a bull flag leading us below this line.
Look for breakout above purple line for bullish movement, or break below the green support (~875k) for travel down to bottom of bull flag (~760k)
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Original Analysis, with Meta Comments (12/22/17):
It appears that alt season is upon us.
Have you noticed that a lot of coins have recently pumped in value?
Have you noticed how mainstream crypto is becoming? All that new money pouring into bitcoin 1.21% , is trickling into alts.
(MetaComment: A lot of trickling has happened since this analysis. Still bullish on alts, but nowhere near as much . That was practically bottom of the market cycle. We seem to be somewhere in the middle now)
Zoom out on the charts of your favorite coins (1D to 1W charts).
See all that room for growth? See how early we are in some potentially massive pumps? Use these long term views to hold your coins against most dumps.
(MetaComment: While this is no longer true of all coins, there are still coins with this kind of potential. *Cough* ETC *Cough*)
"So many coins are out there! How do you even choose one?"
Personally, I like to choose ones that have the most potential upside shown in charts. Then, I like to research the fundamentals of the coin in order to make sure it'll be around in the future.
One coin that I found from this process is Zclassic.
Chart speaks for itself. There's over 2000% (That's a 20x on your investment) remaining to reach its old price.
Coin was left for dead. Thrown away by the dev team.
Which explains why the price has been plummeting since July.
What changed?
A mostly new dev team came in to revive the coin. The team is big too, including the likes of Rhett Creighton - a developer that has contributed to Bitcoin 1.21% Core code, and created WhaleCoin. In addition the team has announced that they will continue to expand their team, and will rebrand
Rebranding has been known to pump a coin's value as the event draws near.
(MetaComment: Ironically, Zclassic no longer fits the criteria described above, as it has gone beyond ATH. Therefore, I see Zclassic as inherently more risky than coins still below ATH. The potential high reward of a Bitcoin Cash market cap, however, gives this a decent risk to reward ratio.
ZCL
ZCL -- ZCLASSIC BTC -- SHORT charts shows if it will break the red resistance is will go down pretty hard !
im holding my self but it might be a good time to sell and buy again lower !
watch closly
good luck
Adar
BUY ZONE ZCL BUY ZONE ZCL
Events
Electrum Wallet Will test ZCL
ZClassic Electrum wallet beta testing. Will include shielded transactions and begin sometime between 1/24-1/27/2018.
Public fork simulation of Bitcoin Private (1/27-1/28/2018).
"Our release target for both the initial Android and IOS mobile app is January 28th"
Q&A session with lead developer and operations lead from Bitcoin Private Team. Event will be livestreamed via YouTube. 28 january
"SF Cryptocurrency Devs is an engineers-only developer meetup introduce SF Cryptocurrency and Bitcoin engineers to Bitcoin Private!"
21 Feb meeting
ZCLBTC Key LevelsBTCP Fork has been delayed 4 weeks, ZCL price will dump and we will look to accumulate the bags of FUD sellers as they wake up.
Zclassic (ZCL) Head and Shoulders patternZclassic is another coin which was effected too hard from market correction and built up a head and shoulders pattern on a daily chart. This means, that it will drop hard in the next days.
Indicators are high. But don't worry. They will drop these days. Strong support line at 0.006BTC. It might bounce up again after that. You could get some short profits there.
Good luck
Zclassic repeating itself? Major pump coming soon?..
ZCL seems to be repeating a previous pattern. We could see a massive gain withing the next few days.
If the pattern is true:
Entry: 0.016 or below
S/L: 0.013
Target: 0.023 (43.75%)
Bonus: HODL till hard fork (late January).
Z Classic - 115% OpportunityMy friend and I are trying to find coins that are near end of consolidation so that we can get some return while we wait for the big boys to stop consolidating. He found this and I like the opportunity here.
Entry: $150 - $170 OR on breakout
Stop Loss: $114 (Soft stop loss)
Target 1: $370.53 (Or in the Target Box)
Target 2: $451.92
Chance to Gain: 116.79%
Chance to Lose: 32.62%
RR: 3.58
Consolidation: 3-5 days
Wave 5: 4 days to 1 week
Total Trade time: About 2 weeks
Remember, with Bitcoin 4.27% having a hissy fit, you must be careful whenever you enter in on positions. I will likely not enter this until it is as close to the end of consolidation as possible.
Ethereum Classic $ETC Price Surge On Callisto $CLO AirdropCallisto Coin $CLO is estimated to be over $300-500
Essentially, the issues to be fixed with the Callisto job are laid out as under:
There is no reward for coin owners to continuously have coins which is essential for “shop of worth” money.
Interest and also impact in the network are not stabilized. The equilibrium is highly prejudiced to the miners.
Lack of administration system. Cold betting method might function as an intermediate action for administration system application.
The upgrade likewise reviews Callisto’s preliminary circulation, introducing the airdrop for ETC owners:
” It was made a decision to disperse the preliminary risk of CLO in between present ETC owners. We will certainly make a photo of ETC blockchain at block 5500000 (around 5 March,2018 This relies on ETC block time and also ETC hashrate modifications). We execute the preliminary equilibrium of each ETC owner in the Callisto network genesis block, so each ETC proprietor will certainly get CLO coins immediately in a 1:1 proportion to the quantity of ETC that he had at block 5500000. ”
Following the news, ETC rose from under $40to a high of $46, prior to dealing with as long-lasting owners potentially took revenues and also Bitcoin took a dive, starting a total market decrease. This time around ETC appears to be a great deal a lot more secure, not going down as a lot as it typically does at the very first indication of a Bitcoin dip.
www.altcoinlatestnews.com
ZCL will be a good short-mid term long moveI believe ZCL 0.27% will be a good short-mid term long move with the upcoming fork. The marketcaps of the other BTC 4.49% forks are in the billions where ZCL 0.27% is still at 520, which in my opinion still has time for growth to atleast double. There is no confirmed date on the fork yet but the additional tokens, would be a great addition to your bag in both ways!
Details below from the ZCL 0.27% reddit
What is Bitcoin 4.49% private? Bitcoin 4.49% private is a hard fork of BTC 4.49% and ZCL 0.27% . BTCP will have the same privacy technology as ZCL 0.27% (zk-snarks). This means payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.
Who is running the project? Rhett is the lead developer. Overall, our contribution team is huge. This is a truly community driven project and we are all invested in making this fork happen and BTCP the future.
When is the hard fork date? The exact date of the hard fork has not been announced yet.
How will BTCP be distributed? If you have 1 ZCL 0.27% , you keep 1 ZCL 0.27% and get 1 BTCP, if you have 1 BTC 4.49% , you keep your BTC 4.49% and get 1 BTCP
What is going to happen to ZCL 0.27% after the hard fork? It will still exist, though we are unsure how its development will continue as of right now.
Is there a premine or a founder's reward? No to premine. We asked the community about a small founder's reward and the support was not overwhelming.
What exchanges will support the fork? We are actively working with exchanges on support of the BTCP fork.
Where can I store my ZCL 0.27% to ensure I get my BTCP? We have recently released a new wallet which you can find here. We recognize this wallet may not work for everyone still and are working on multiple other platforms to be released before the fork.
How do I mine ZCL? Here is a guide for mining ZCL 0.27% on miningpoolhub
How do I get involved in the fork? Please reach out to us here on reddit or other social media platforms. Also, see the issues posted on github that we need resolved for BTCP. There are a few bounties for them too.
Where can I buy ZCL 0.27% right now? Bittrex, Cryptopia, and Coinexchange. io 8.82%
How do I claim my BTCP from ZCL? More information on this is forthcoming. Please be patient.
How many BTCP will there be after the fork? There are 3 million ZCL 0.27% and 16.7 million BTC 4.49% , so there will be 19.7 million BTCP after the fork.
I have a holding position in ZCL 0.27% and I am long with a target of .014 BTC 4.49%
$ZCL $NXT comparison$NXT had a $2b market cap when $IGNIS fork happened.
I expect $ZCL to do the same once $BTCP support by Binance and Bittrex is official and fork date are released.
ZCL Bullish repeat patternZCL following a classic step up pattern, just moved out of the falling wedge but still within the channel. Look for it to move towards 0.018, as always keep stop losses tight and do your own research.
ZCL BTC 3 Hour Chart AnalysisAs expected, $ZCL continues its consolidation period after experiencing a massive bull run the past ~30 days. The price is still testing a major support at around 1.1m satoshi, and if it breaks through this support, it is safe to say that it can drop down to the next major resistance turned support at around 800k satoshi. As of now, the volume on Bittrex has steadily decreased, and there seems to be a massive sell wall at the 1.2m satoshi price mark. If this sell wall is broken (once again, pending further news and development on the #BitcoinPrivate fork), we can expect another massive bull run. RSI is at around 43, which means that it is starting to get into oversold territory.
ZCLBTC is setting up for another waveZCLBTC has had 2 bull runs and is setting up for its next wave. We have to account for 2 possibilities:
1. ZCL breaks out between 1-5 hours from now.
2. ZCL continues to correct to the trending support and makes a decision to either drop to lower support levels or it bounces and starts the next bullrun.
The reason I see a possibility for a breakout in the next few hours is that the TD count will reach a TD9 on the next candle, indicating a possible buy setup for people using this indicator. We should be looking at the lower time frames (30 minute charts) for price action candles that confirm a move up. We also have the RSI retesting the median line.
If we don't see a breakout, we can expect the TD count to reach a perfected buy setup (TD13) right at the support line, giving us an extra boost.
After a breakout we should watch the confluence lines (blue dotted lines) for any resistance. The breakout might pause or fail here.
Another thing that happens often is a retest of the broken resistance. So keep your eyes peeled on those.
ZCL BTC 30 Minute Chart Analysis The correction for $ZCL continues, as the price hit a low of 1.14m satoshi today (11% drop in price), although it appears that many "bought the dip," as can be seen by the buying volume spike at the dip. The 200 SMA acted as a support during this drop, and I expect there to be further consolidation pending further news on the $BTCP fork. RSI is around 35, indicating that we are in oversold territory. As of now, the demand on Bittrex is exceeding supply, and we will see how this will continue to play out. If there is positive news on the development of the $BTCP protocol, we will see a large spike in price. Only time will tell!
Stand clear - Future is Nexus Earth - The whole package in oneNexus Earth has the technology and potential to be the coin for many. Nexus is decentralizing the decentralization and launching tech into space to support the decentralization. With advanced development on "Smart Contracts", privacy, Quantum Resistance and real decentralization Nexus will hold together in one coin all that is needed in this space.
"Nexus seeks to Free humankind from centralized systems. Merely being decentralized is not enough. We must decentralize the decentralization. Using software and hardware, Nexus seeks to build the foundation for the most decentralized system to ever be developed: Nexus Earth. This network will empower everyone from the first world to the third world. Not everyone has money, but everyone has time."
Mining Channels: Each channel reinforces each other to prevent 51% attacks on one channel forcing attacker across multiple channels
Hashing: SK-1024, SK-576, SK-512, and SK-256 used in all hashing. Pure SHA3 using Skein and Keccak.
SK-1024: Using Skein-1024 and Keccak-1600 for Hash PoW to produce a 1024 bit output hash used for the block hash providing the highest security.
Prime: Searching for Dense Prime Clusters as PRIME PoW, finding these clusters of numbers that are ~308 digits to verify prime density in large numbers.
Keys: 571 Bit Private Keys compared to 256 bit in other currencies. Using NID_sect571r1 as the algorithm.
Difficulty: Calculated with time overlaps and true % over bounds, using weighted block average over past 5 blocks.
LLP: Lower Level Protocol as a template protocol to allow any protocol to be created with ease without need for repeated network programming.
Core LLP: Protocol responsible for time keeping as an advancement to NTP, keeping clocks on the network synchronized within a few seconds of one another. Maximum clock drift for Nexus is 10 seconds.
Mining LLP: Dedicated Mining Protocol outside of JSON-RPC Server to allow the greatest performance for mining. Protocol can handle 5k + connections allowing solo mining of any magnitude.
No Reward Halving: Rewards are calculated along an exponential decay curve to slowly reduce the value of each block rather than shock both miners and the market with block reward halving which acts as a rudimentary decay model.
Released Reserves: Decayed Amounts are deposited into the Reserves for each channel, preventing a miner from being able to mint more than the projected amount while difficulty is compensating to their amount of computing power.
Fractional Rewards: When reserves are below given thresholds, the mining reward is then based off of the time it took to create a block preventing a miner from ever being able to deplete the reserves.
Decentralized Checkpoints: All blocks must root from the most recent checkpoint which is declared by fitting into a timespan. This allows checkpoints to be automatically created every hour, without the need for any master node or checkpoint broadcast.
Trust Keys: Interest rate is increased the more a node services the main chain giving incentive to active stakers. This also increases the cost of an attack for in order to attack with a trust key it requires time to get it to the same threshold.
Nexus Proof of Stake: Proof of Stake system based on the Peercoin protocol heavily recoded from the ground up utilizing energy efficiency threshold, trust keys, and logarithmic weights to create the fairest and most stable Proof of Stake system to date.
Developer Commission: Built into the protocol levels, gives a small decayed amount to developer addresses every block over 10 years amounting to a total of ~2.5% after 10 years, and starting at ~1.5% as a way to bring the benefits of pre-mines, without the risk to investors. This means developer account has no control over the currency as it will never be of a high enough %, but it allows funds to be distributed to development removing need for corruptible foundations such as the Bitcoin Foundation.
ZCL good time to get inHey hey hey, why don't you have ZCL yet?
might be good entrance for a daily swing
T1: 0.016
T2: swings
STRONG BUY, 300% Bull run imminent. Monero 3.0This is the ultimate trade for so many reasons.
1-Crystal clear graph indicators
2- Zcash has support for mobile users on Apple’s iOS and Google’s Android platforms
3- The currency is becoming widely accepted online (Wikileaks,and the darkweb)
4- The technology is phenomenal. It gives users the ability to be truly anonymous or "transparent". These can controlled by a t-addr, or can be a type of zero-knowledge proof called zk-SNARKs.
Its essentially MONERO 3.0
This means it has utility to users who dont want their transactions seen, but it is not likely to be clamped down by governments due to its transparent functionality
5- Institutional investors now have access to this currency. Greyscale Invetment Trust is supporting its development
Forbes:
www.forbes.com
Greyscale Investment Trust- ZCash
grayscale.co
ZCL/ USD QUICK LOOK!HEY TRADERS, HERE'S A QUICK LOOK AT ANOTHER INVESTMENT. VERY BRIGHT FUTURE, LOOK INTO IT YOURSELF <; I'LL GIVE YOU A HINT...BITCOIN PRIVATE. THIS THING IS GOING TO MOON, BUT DON'T TAKE MY WORD FOR IT. DYOR!! ANYWAY ENJOY MY FRIENDS.
ZCL TA:
+ IF WE GET A FULL CANDLE BODY UNDER $174 WE ARE IN DEEP SHIT UNTIL TEST AT $129 SUPPORT.
+ WITH THE EXCEPTION OF SOME INTERMEDIARY WHITE RESIST LINES, WE ARE WAITING FOR THE PRICE BREAK AT $242. ONCE WE REACH THIS SUPPORT...STRAP ON YOUR GODDAMN SEAT BELTS FELLAS!
HAPPY HUNTING MY FRIENDS. DO YOUR OWN RESEARCH, ALWAYS ;>
ZCLBTC Hourly Chart AnalysisZCL had an amazing run since the announcement of the $BTCP (BitcoinPrivate) hard fork (for further details on the fork please see btcprivate.org), shooting the price up from $2 mid-December to a high of ~$245 on 1/7. As can be seen, there was a healthy correction today, with the ZCL/BTC price decreasing 28% to hit a support at around 1m satoshis. In addition, there seems to be a strong resistance at around 1.35m satoshis. We will see how this resistance holds as further news on the fork is released (whitepaper, fork date, exchange support). I expect there to be further consolidation within the 1.28m - 1.35m satoshi channel until then.
ZCL Still trending upwards Ppl are HODLing because they want the BCPT fork. I think this will continue to rise, and once a fork date is set, it will have a healthy jump. And rightfully so IMO.
ZCLBTC Craze with Bitcoin Private ForkAs you may know, ZCL is forking to BTCP 1:1, also known as Bitcoin Private.
If you haven't noticed, all Bitcoin "forks" or anything with Bitcoin in the name goes up to a few hundred dollars.
I think BTCP price will exceed price of most BTC forks such as gold, diamond and possibly even cash, but that can be debated.
This fork actually has use "privacy", could be easily understood, and has a supply cap of only 1.8M coins.
ZCL is still under $100 USD, greatly undervalued if you hold for the BTCP Fork.
On the news, it shot up, and we've seen a lot of sell offs, mainly due to people pursuing quick profits, ignorance, impatience and price suppression from whales, or big players.
I am holding a good amount of these I bought at $2.5 USD (currently 4000% up) until the BTCP Fork, will sell some as soon as snapshot for fork is taken.
As for the Technical, we should break out of Symmetrical triangle soon, will wait for bullish confirmation based on upward movement, break of swing high and volume kick.
If you are interested in longer term Investments, check out our newsletter at the bottom of our website at thecryptolabs.com
We recommended this at $2.5USD, and have achieved over 600% on PHR, 1000% on DRGN and over 2000% on SNOV, just in December.