Zclassic Bearish: Forms Triple Tops and Head and ShoulderZclassic (ZCL / BTC) will be bearish for a while.
But there is support at 0.00690000 BTC, if it moves further down then bearish will be faster.
Zclassic
ZCL to BTCP Has Amazing PotentialThis is more about just writing out some thoughts than technical analysis. This is about the Z Classic Fork /Migration
In a new twist to bitcoin forks, Z Classic will do something new called Bitcoin Private (BTCP). This is how it will work:
Z Classic will fork so that if you own 1 ZCL you will get 1 BTCP
They will fork for Bitcoin users too. So if you own 1 BTC you will get 1 BTCP
The total coin supply with then be around 18.5 million
The fork will take place sometime at the end of January
More details here: www.reddit.com
There is no premine or other garbage scheme. It's very much community driven. The interesting thing about this coin is that they are essentially adding Z cash zk-snarks shielding technology to bitcoin and improving the distribution. At the same time, they are rebranding to Bitcoin Private, which is very clever.
Most bitcoin forks have gained value. Even the crappy ones. I know I know.. Not another fork. But this fork has tremendous potential and ultimately I see it more likely that it has a higher market cap then Bitcoin Gold.
Bitcoin Golds market cap is $4 billion. It was a premine that really didn't have much support at the time and didn't offer anything that special. So far just from gauging the community, it seems like there is a lot of support for this coin.
So in 2-3 months I could see BTCP having at least a 3 billion market cap. That would put the coin at $160. A $6 billion cap wouldn't be out of the question. So $300+ which would 10x from todays $30 price. I just do not see this staying this low for long.
As far as technical analysis goes, what we see is that ZCL makes a move up, then consolidates then shoots up. As long as it keeps doing that, I'll keep buying. At some point it will shoot off then people will take profits, but doesn't seem like there is much selling, which signals that people expect it to go much higher.
To my knowledge, Bittrex hasn't announced support for it, but they are the major exchange the carries ZCL if they announce fork support, ZCL will likely take off. So even though its up big from just a few days ago, I think it will continue climbing as more people learn about it. If it corrects, I will add to my position.
Anyway, like any crypto, there is big risk but I think the reward is high enough to take a shot at it despite its increased valuation the past few days. Wish I was paying attention earlier.
ZClassic Hardfork into Bitcoin Private TA + FAZclassic ($ZCL) is in FOMO mode right now because it will be airdropped/hard forked into Bitcoin Private in January 2018.
Total circulating supply BTCP: 18,500,000 BTCP (supply BTC + supply ZCL)
Max supply BTCP: 21,000,000 BTCP
Every BTC you hold = 1 BTCP and every ZCL = 1 BTCP
This catalyst will cause people to fomo based on speculation of a higher BTCP price than ZCL (which jumped from $4 to over $60 in less than a week).
medium.com
steemit.com
ZclassicRSI almost 100, enough said. It might run further but I would never be able to take up a position at this level. Do anyone see any similarities with Verge?
Emotional Market CycleZCL and the emotional market cycle. The resemblance to the classical pattern of boom and bust is uncanny. wallstreetjackass.typepad.com
The boom manifests itself in 5 wave impulse move. Checkout Elliot Wave Theory. www.babypips.com
The bust culminates in a 3 wave correction down to the vicinity of where it all started.
If you can identify these patterns in the markets and learn how to trade them, your future is going to be golden. Never stop learning and most importantly: do not blow up your account! You will makes mistakes along the way, so make sure you can make enough mistakes to master the game. Mistakes are essential, because that is your only way to learn.
ZCL update.Glad this trade is working out as planned. I posted this earlier on with a lower quality TA so I am re-posting this.
Zclassic / Bitcoin Potential SetupZclassic / Bitcoin Potential Chart Setup ,Wait for break and candle close above trend line an go long on Entry level!
Diluting their coin in hopes of jumping on the BTC forking partyShort here. Bad decisions on the devs part. Good to trade their enthusiasm and foolhardiness though.
ZCL trading opportunityZCL will be looking for a break-out soon and return to previous ATH at $8.5 dollar. This is confirmed by the nice movement on the dollar chart on cloud support! MACD is looking for a crossover and will signal the start of leaving the oversold area and looking upward. RSI should confirm even more if we break thru the downward trend in strength! Goodluck
ZCL Buy Opportunity (100% Potential in 1 shot)This is a risky trade. I am putting this here as a "buy signal".
Sell for 100% profit.
This coin is breaking out and, as you can see from the chart, it has massive room for growth.
The targets level on the chart or "random", intuition based targets.
So please trade at your own risk.
Set a very short stop loss. Do not get trapped if this doesn't work out.
Analyze, think and then make your choice.
Build a plan before hand.
Set a goal.
Maybe you can say something like, "I want to make 30% on this trade", and plan accordingly.
That's it. All right. Let's trade!
**Another idea that got caught in the 'private' pipeline.
Here it is made public now.
ZCL Extremely undervalued (factor of 10)Based on my call 14 hours ago ( ) ZCL has gained more than 40%. It is still very much undervalued!
Extremely technical team, Rhett (WhaleCoin), Joshua (BitcoinCash)
No DAOs to pay for, miners are NOT penalized!
20-30x below it's true market value comparable to other privacy tokens
Just as fast and private as other tokens
Easily configurable mining pools
Might be a long HODL, but worth, trust me.
ZClassic (ZCL) ZK SNARK Comparable 10x upsidetwitter.com
Original forkers Rhett and Joshua will start development for the continuation of the ZCL coin. Comparable privacy coins have a garnered more than 100 million in market cap. ZClassic is similar to ZenCash, HOWEVER , the founders do not get ANY fees ! Currently 1st place on Bittrex in growth. I am a very strong believer in privacy tokens and can see a very bright future for this project.
Zclassic is charging upWe might see a bright month for Zclassic. BBands are tight and Volume spiked really high compared to anything this project has seen so far.
dyor
Let's look at the ZCL, ZCASH CLASSIC, SO SERIOUSLY.There have been so many volatilities several times in this symbol.
And now it seems like that it tells us "i have some secrets" and maybe we can realize seeing through its chart in the MTF view.
Unsual, and Unprecedented phenomenon there seems to be.
Let's wait and see in the long term(about 6wks~ 12 wks until big uptrends broken) :)