ZECBTC
ZEC Falling Wedge - $ZEC #ZCASHZECBTC has potential to bottom by July.
GDPR regulation is being overlooked. No large North American or European bank conducting transfers using cleartext blockchains will be able to meet regulatory requirements.
"Laws such as Gramm-Leach-Bliley, HIPAA, and COPA in USA and GDPR in Europe mandate the use of encryption, along with other tools and processes, to protect citizens from unauthorized parties such criminals, unauthorized commercial interests, foreign governments, etc. ..." -Zooko
Current transfer systems Fedwire, SWIFT, and ACH conduct transfers privately. Why would the upgrade to blockchain technology necessitate removal of longstanding regulatory and privacy primitives?
"The Zcash protocol’s cutting edge use of zero-knowledge succinct non-interactive arguments of knowledge (“zk-SNARKS” or “zero-knowledge proofs”) makes it a truly innovative privacy coin that offers confidentiality for peer-to-peer transactions similar to those afforded to fiat currency transfers (e.g., ACH, FedWire, SWIFT, etc.)." -Eric Winer
Regulated 1st-world banks do not advertise their transactions in the daily newspaper. Why would these same banks wish to publish transfers on the Internet, publicly and permanently, in real-time?
In the field of Information Security is the concept of "data aggregation". Public transactions on their own have little value. However, once multiple data sources are compiled and matched, the data becomes meaningful, and vulnerable to exploitation.
Chainalysis and CipherTrace are two such companies that specialize in this type of blockchain-to-customer data aggregation.
Banking regulators (will) view vulnerability to such attacks as a gross violation of the multiple regulatory standards mentioned above.
JPM is testing zk-SNARKS (used in Zcash) and ING Bank is testing bulletproofs (used in Monero and Grin). The privacy age is upon us. However, such technologies won't be viewed as privacy coins for long. Encrypted blockchains will be viewed as standard operating procedure.
Just as no bank would dream of using HTTP over HTTPS, no bank will rely on unencrypted blockchains.
$ZEC S/R Flip in the USDT chart could be happening..$ZEC S/R Flip in the USDT chart could be happening.. /BTC chart looks good too getting some momentum...
Volume increasing
Breaking from weekly descending trendline
On both charts RSI over 80/50 values
I think we can have a good performance in #ZEC over the next days/weeks
There is a trading opportunity to buy in ZECBTCMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.01490 would begin in Midterm.
Technical analysis:
The RSI support #1 at 46 is broken, so the probability of beginning of uptrend is decreased.
A peak is formed in daily chart at 0.01528 on 04/01/2019, so more losses minimum to Trend Hunter Buy Zone (0.01330 to 0.01250) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0133000 to 0.0125000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0133000)
Ending of entry zone (0.0125000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01490000
TP2= @ 0.01685000
TP3= @ 0.01970000
TP4= @ 0.02140000
TP5= @ 0.02335000
TP6= @ 0.02970000
TP7= @ 0.03485000
TP8= @ 0.04375000
TP9= @ 0.05645000
TP10= Free
There is a trading opportunity to buy in ZECBTCMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.01490 would begin in Midterm.
Technical analysis:
The RSI support #1 at 46 is broken, so the probability of beginning of uptrend is decreased.
A peak is formed in daily chart at 0.01528 on 04/01/2019, so more losses minimum to Trend Hunter Buy Zone (0.01330 to 0.01250) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0133000 to 0.0125000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0133000)
Ending of entry zone (0.0125000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01490000
TP2= @ 0.01685000
TP3= @ 0.01970000
TP4= @ 0.02140000
TP5= @ 0.02335000
TP6= @ 0.02970000
TP7= @ 0.03485000
TP8= @ 0.04375000
TP9= @ 0.05645000
TP10= Free
ZEC/BTC Mid-termAnalysis
-Reduction in the slope of down trend
-Head & shoulders chart pattern in daily time frame
-The price crossed KUMO cloud In Ichimoku indicator
Suggestive Position
- Entry = Trigger(according to trading strategy)
- Stop-loss = 0.011-0.012
- Take Profit 1 = 0.015- 0.016
- Take Profit 2 = 0.017-0.018
- Take Profit 3 = 0.020-0.021
- Reward/Risk= 1
## Note : According to price history , we believe that this coin has a great growth potential in future.
When Moon? ZEC Says SoonMassive falling wedge in ZEC. Rescoped a little since my last look. THis looks a lot more legit. All the signs are there for a massive run. RSI is fairly strong, stoch allows for growth. Teetering on the edge of wedge resistance. Price has been hanging around above the kumo for weeks.
ZECUSD Zcash Bottomed based on Hypodermic Accumulation PhaseThere is a possibility to uptrend developing on ZECUSD, Hypodermic Accumulation Phase spotted.
Bullish Divergence on 4-Day chart, also quite interesting buy signal.
Watch the price breakout from the resistance and enter this trade.
Targets based on resistance levels:
80$-100$-140$-300$
Falling wedge sitting at ATL in Binance. $ZEC Falling wedge sitting at ATL in Binance.
Completed a bullish ABCD that will try to take off.
Volume is still low. both macd & RSI flat for now.
RSI coming from Oversold levels.
No UCTS buy signal.
We need more confirmation(Volume) but has potential. Stay Alert. #ZEC
ZEC – should I stay or should go now...Hi Guys.
Let’s take a look at the Zcash this time.
It has bounced up from the record low lately.
The price has crossed the previous height for a while.
We need something stronger .
The price should stay above 0.015260 for a couple of bars.
Enter the position above that level when the volume rises.
Here are details of the technical analysis :
• Ichimoku Cloud - The price is above KijunSen and TenkanSen - good .
We need to jump over the Cloud .
• WBM BUY/SELL Indicator – the price is saturated temporarily. The correction is expected.
• Weis Waves – the supply has evaporated. All we need is more demand . Will it come?
• MACD – positive divergence which is bullish
So this trade looks decent.
Wait for the correction. Swing on the price is expected.
It may take up to one month.
Keep it safe .
Set your alarm on the price 0.015260 and observe if it is stable above this price.
Hit a like if you find this analysis useful.
Thank you for reading and your time.
Are you ZEC believer, hodler or speculator?
Massive Hugs!
WBM Team