ZCLBTC reversed H&S patternThe coin with a great Fundamental basis (BTC fork with privacy) moreover it has a good technical status: Moving average (30,50,200), Bull&Bear indicator and Momentum (10) indicate growth. Stoch RSI was oversold so there was a trend reversal and currently reversed H&S pattern is forming. This will bring a new wave of growth in the short term.
Zclassic
ZCLASSIC UP UP AND AWAY! $132 NEXT!ZCLASSIC HAS HAD A WILD RIDE OVER THE PAST FEW WEEKS!
I BELIEVE THAT WE HAVE BOUNCED OFF THE LONG TERN TREND LINE
WE ARE ABOUT TO TEST THE COUNTER TREND LINE IN THE COMING DAYS, A SUCCESSFULL BREAKOUT WOULD SIGNAL A MOVE TO $132!
FAILURE TO DO SO, WE MAY PULL-BACK TO RETEST SUPPORT AT 61$ WHICH IS THE WORST Case scenario..78%fib retracement
EXPECT A RETEST OF THE TREND LINE THOUGH IF WE FAIL TO BREAKTHROUGH
LETS SEE WHAT PANS OUT!
ZClassic (ZCL) : Very quick profitNo time to write..
This is a quick opportunity on the first run of ZCL..
#ZCL DUMP, #BTCP forkHello.
I didn't want to way in this one but for the sake of my follower I have to say this
I don't like things that attract hype from newbies of the crypto verse, I don't like this fork and here is why: (I may be wrong but better safe than sorry)
1: I don't like the team behind #BTCP, I think they are pump and dumpers
2: @BittrexExchange won't support the fork which explains the dump of #ZCL
3: @binance_2017 may also not support the fork. #ZCl will dump even more to 20$
4: People will hold there #ZCL in private wallets and claim there #BTCP.
5: Following that a huge dump of #ZCL and #BTCP so they can lock profit. maybe #ZCL at 5-10$
conclusion: it is not worth risking it. buy at the dips
(ZCL) Z Classic quick check in: Fundamental & Technical AnalysisThis is going to be a quick one, purely from the fact that BITTREX:ZCLBTC has me utterly baffled right now!
The technical:
48 EMA is waaaaaay below 192 EMA, but it's leveling out!
As can be seen with the dual offset bollingers, were seeing some serious consolidation.
MACD & SSRSI have both formed new swing lows
Weve broken through S1 & S2, will test R1 within a few hours
And now for what really has me scratching my head, the Fundamentals !!!
Folks, I'll be real...this is plain weird.
It's february 27th 1:45PM EST
The Bitcoin Private fork is taking its snapshot sometime tomorrow (block height has yet to be announced).
Never before have I seen a crypto in the 24 hours prior to a snapshot in this much of a slump. I suppose that the community response to the announced BTCP fork could simply be incredibly lackluster, but in my experience it's pretty likely that we will see a serious uptick in volume and an allout scramble for BITTREX:ZCLBTC sending the price for a pretty heavy rally.
Could this simply never happen and the current downtrend continues on its way?
Sure, but I have serious doubts of such a flat response to a fork, no matter its community impact.
Remember though, if you just plan on riding a fork rally you should ALWAYS exit your position as soon as the snapshot is taken to avoid getting buried in the deluge of people offloading their coins post fork.
If on the other hand you are actually taking advantage of the fork, HODL for dear life. It may take a day or two, but most coins recover post fork; it's just a matter of waiting for the sell off to finish.
*** Note that the MACD RSI crossover strategy I've written has the RSI hidden, and that the earning results are irrelevant as it used for cleaning up major trends NOT buys and sells.
*** The dual Stochastic/Stochastic RSI source code can be found on my page if you're in need of a simple space saving indicator!
This analysis is meant for purely educational purposes, and whether you choose to trade on it or not is entirely on you!
Remember, TA is neither investment advice nor a guaranteed science, but rather an informed attempt at prediction based of historical and emerging patterns!
Good luck and happy trading fellow cryptoheads!
Austin Doyle
CTO
Crypto Playhouse
How to get your free Bitcoin private if you hold ZCL or Bitcoin Find out which exchanges and wallets support btc and zclassic hardfork. How to get free BTCP. Why is zclassic dropping right now and what is smart to do. Anyone holding ZCL or BTC in a wallet or at supported exchange will be credited Bitcoin Private (BTCP) at a 1:1 ratio.
For example if you hold 1 ZCL on a supported exchange or wallet, you get 1 Bitcoin private BTCP. Also if you hold 1 Btc you will get 1 BTCP. Tomorrow is the snapshot. That is why many speculators are selling ZCL right now. The reasonis they bought them only cuz they knew the price will rise, but it will drop tomorrow big time. But if you are smart, listen to my advice. Wait for price to drop and buy at least some ZCL at supported exchange or send them to supported wallets bellow. BTCP might be worth it! BTCP is not some small fork!
BTCP Snapshot date: February 28th, 2018
Supported Wallet: coinomi
Supported Exchange: Trade Satoshi
Wallets with controll over Private Keys:
Exodus wallet, Electreum wallet, Bitcoin Core wallet.
ZCLASSIC REGRESSION We have a critical burble point can lead the price to all time high again.
Regards,
Mohsen
$ZCL BUY Targets before impulse upFib Targets 1 and 2 have been hit.
Target 3 can be possible if we break below $80 on the hourly candle.
Upcoming BTCP fork on the 28th should bring an impulsive wave up to newer highs
Buy Targets for #ZCLZCL targets for wave Y
Will wait for an impulse wave up before we can forecast potential sell targets once we get closer to the BTCP fork on 2/28.
ZCL is not a TA play, still expecting exchange supportI was original bull on this trade, came in at $4. Here's why I'm holding. Bittrex only does 350mil volume a day. Assuming the team did their effort to apply to big exchanges, there exists just that many more billions of volume a day. Binance is in play and other off shores are in play as well! Im talking big exchanges that does 200-400 mil range. There wouldnt be a reason as to why the pricing is hovering at 100 right now.
Uptrend of ZCL-BTC until Feb. 26thMy view of the ZCL trend for the next 4 critical days until 2 days before snapshot:
ZCL is clearly coupled with BTC. BTC seems to have rebounced thus it´d push ZCL upwards until the next fibonacci resistance (around 0.0152k satoshis) and, if broken, it will move upwards to test ATH and the next fibonacci level (around 0.0193-0.02k sats).
The MACD levels crossed already signaling an upwards trend.
There would be a possibility of reaching the lower fibonacci level of 0.011, but this has a lower % of happening (80% vs. 20%)
P.S: This might be however further pumped if breaking news were released (exchange support, etc.)
ZCL/BTC Wavecount, price predictionsHere's my take on ZCL/BTC, from what I'm hearing this is somewhat of a dark horse with a very good backing. I'm looking at this wavecount and based on the assumption that the correction is over I can see it forming a perfect inverse head and shoulders and shooting up from here, I'd wait for the 50-65% correction if this is a good wave 2, if it goes below that by 5% I'll sell and buy back in when the WXY correction hits, I'll try to keep this updated and take care <3
Classic ZCL Bitcoin Private BTCP Airdrop Hours Left! (HIGH RISK)Bitcoin Private dropping soon - will you or should you enter? Depends on whether you're a risk driven investor or a sideline investor.
Chart is self explanatory - make your own decision on whether to get into this trade.
200$ is possible but so is 20$ after BTCP drops, take your chances here please!
Members will receive more update
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ZCL could be forming a cup and handle. ZCL looking strong if it breaks the top here on the short time frame. Decent opportunity for profits.
Also an added bonus if we get an exchange support announcement that will help push us above and to new ATHs.
ZCL - Back in uptrend !ZCL has seem to have bounced from its most recent dip back into the uptrend channel.
If bittrex announce support for the fork we could see a MASSIVE run but as it stand we have no announcement yet. With that being said I feel it will follow an Elliot wave pattern on its current trajectory, until we hear an announcement that is.
ZCL proposal - uptrend ?ZCL has bounced from its decline to back in the uptrend. It should follow this trend in an Elliot wave formation on the way up. We should see larger increases if Bittrex announce support for the fork, which in turn may break the trend line and go on a RUN !! However, for now ZCL seems to be solid and climbing.
Old trap for the amateur, Great opportunity for the ProZCLBTC H on BIttrex
OLD TRAP FOR YOUNG Traders
When you see a chart like the 4H chart on ZCL, we all want to do the same thing, we want to buy. But the pros know that the charts show us what has happened and we know what is likely next, Price is extended and likely to pull back. Those who rush in tend to donate their money to the few that understand the market (and thanks very much for that) , those who wait can do very well.
When we cut to the Hourly chart we can see the start of a pullback, and a nice target for a bounce and entry. Price is testing the 50 EMA (Red line) but still I would not rush in. Let’s wait for end of the hour and see what support we have found. It is possible we could pullback to the 20ema, or either Orange line. Once we have done that if we like the level, jump down to a 15 minute chart and look for a decisive buying bar. This is a nice aggressive entry.
We risk the bounce coming early and leaving us behind, and it can happen, but usually we save ourselves an early entry and the losses that can follow.
Please also keep an eye on the D chart, this could set up very well there.
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson
If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
Judgement Day coming for ZClassicSymmetrical triangle forming - most people on here are saying it's a bullish pattern but it's not, its a continuation pattern. This one just happens to be bullish due to the fact that it's occurring in an uptrend.
In the overall scheme of things, we are still in a bullish pattern. However, the recent short term trend has been bearish with the lack of known exchange support.
Notable TA:
MACD on the 4 hour is waiting to turn.
RSI near oversold levels.
Still in overall upward trend - but in bottom channel of trend
Symmetrical triangle patterns typically pop to the upside 1/2 to 3/4 of the way through and we are now entering that territory.
I'm fully expecting a bittrex announcement as they have supported a previous zcl fork and waited until 2 days before BTG to announce support, but hands are weakening so be careful if you're looking to enter now.
I could see this easily hitting .02 if an announcement is made by Bittrex.
If no announcement occurs and you're still hodling on an exchange, you're going to be in a lot of trouble.
Tread wisely, watch carefully and don't use this as trading advice because I have no idea what I'm talking about.
