ZECBTC
ZCash BULL pick 4 of 5, Swiss bank account in your pocketZcash started as an alternative to Bitcoin; the Zerocoin protocol which was improved upon and launched as a zerocash (ZCash) cryptocurrency in 2016.
-Backed by wall street: within direct access to the general public (now a financial investment product) and institutional investors.
-Technicals look incredible, sentiment is on the rise, positive catalysts occurring nearterm
-Featured in Forbes, Fortune and CNN with extremely positive statements likely to encourage investment.
-Working with JPMorgan Chase to Integrate Zcash Technology To Its Enterprise Blockchain Platform.
-Predicted (speculation) to reach >$60000 by 2025
-fortune.com/2018/01/31/bitcoin-cryptocurrency-zcash-buy-invest/
-forbes.com/sites/laurashin/2017/11/09/zcash-investment-trust-launches-expanding-investor-options-for-cryptocurrency-exposure
-grayscale.co/zcash-investment-thesis/
Zcash... Does It Have A Chance?Basically we have seen ZEC take a huge drop from its previous high around 0.170 btc all the way down to 0.017 (a 90% drop). It started to recover and everyone (including myself, see linked chart) hoped that the inverted head and shoulders was going to be its path to redemption. It started to rally with bitcoin's last push upward (mid December) but didn't make it much beyond 0.05 btc.
At this point, it has fallen back into a major support resistance zone, and coupled with the bitcoin bearish trend, I would expect the price in USD will get to a point where we see a reversal in the zcash vs bitcoin. Personally, I think with all the privacy talk (Facebook selling data), privacy coins have a good chance for some attention. Zcash seems under appreciated and it seems to have finished a bubble cycle.
So what is the play?
I am probably going to set buys or open long positions between 0.026 and 0.022. If we set a new all time low (below 0.0165), all bets are off and it will need to find a new bottom.
I will add updates as this trade progresses. For now, I am of the opinion this is an excellent zone to accumulate and it is one coin I believe has serious upward potential. The Stoch is curling down which means people are still selling; hopefully the support zone holds.
**NOT INVESTMENT ADVICE/DO YOUR OWN RESEARCH**
ZEC Following the BTC
Following the BTC
We are waiting for the test of the level of price imbalance ZEC USD. Support is expected in the region of $ 130, after which there will be a pullback of the price to the top, a retest of the support level and two options for the development of events: the scrapping of the bearish trend or its continuation. All moving averages are bearish.
We are waiting for good bullish volumes and a break in the trend, there will be a good entrance to the market. All good trades
ZECUSD Following the BTC
Following the BTC
We are waiting for the test of the level of price imbalance ZEC USD. Support is expected in the region of $ 130, after which there will be a pullback of the price to the top, a retest of the support level and two options for the development of events: the scrapping of the bearish trend or its continuation. All moving averages are bearish.
We are waiting for good bullish volumes and a break in the trend, there will be a good entrance to the market. All good trades
ZEC VS. BTCZEC VS. BTC
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
Zcash entering a MAJOR decision zoneHello everyone! Things are not sure in the zcash-btc match for the next couple of days. On one side, guarding the bottom price range, we have our big support zone, followed up by a 1 day RSI oversold indicator. On top, we have a strong resistance trend line with 1 hour RSI pointing at overbought, price right at the Bollinger band top range and volume steadily dropping in spike size. What is most likely to happen is a short term bounce off of the resistance and going to the support line or close to it, and then spiking up. I wouldn't buy or sell Zcash now, but if you do have it, HODL boys and girls!
ZEC or ZCASH bouncing off 618 off to the MOON!If you notice on the 4 hr. chart nice cup and handle formed and now on the way up. Bounced for the second time in the 618 fib and will test the all time highs for the first time. Look for 2 or 3 week trade at 75% or a little less. The upward trend lines also bounced twice if you notice. Remember, I'm no different from anyone else so I have to say it, I'm not your financial adviser, I am my own financial adviser and you and I should only do or make trades based on your own data, research, and analysis, NOT MINE. I will be the new KING of my own empire of wealth without partners. I like you but we are all here to make money for ourselves and not to give it away.