Watchlist Update 03 | BTC, ZEC, ETC, DGB, GBYTE, XZC, SUB, KMDHello everyone and welcome to today's watchlist update. I was thinking of calling this "Fresh Rotis" but it'd be a bit odd referring to myself as food. Anyways,
The market is a bit quiet so far today. Bitcoin is possibly stabilizing, bulls are definitely returning but everyone including myself are watching carefully for any sort of confirmation. Some of my picks are looking short-term bearish while setting up for future Elliott wave impulse moves, while ETC-BTC is getting some hype.
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Summary:
BTC-USD | Still sideways after a bounce and breaking down the daily downtrend, Ichimoku is flipped bearish, still finding resistance at 9087 and support above 7883. Some people are saying this is an inverse head and shoulders setup, we need more bullish momentum for follow-through. The 1H Ichimoku looks better with some support off the MAs but still not great.
SUB-BTC | Breakdown of falling wedge in RSI, touching resistance of downtrend line after an inside bar bear break, may break down the shorter-term uptrend line, Ichimoku not looking great on hourly or daily charts.
DGB-BTC | Looking a bit bearish but overall bears may be getting exhausted. Used multiple Fibonacci ranges to sort out these Elliott waves and possible future support-resistance lines. All conjecture but this downtrend may be a falling wedge. used a special grouping of a 343 minute time frame and two specific MA’s which I will link some info to here:
GBYTE-BTC | Hidden bullish divergence on the 1H, uptrend out of that false breakout of the symmetrical triangle may be a rising wedge.
ETC-BTC | Hype from the airdrop event, the C wave of the correctional Elliott wave can often revisit the level of the 4th wave of the previous impulse wave. Hidden bullish divergence on 15min with a bull flag.
XZC-BTC | looking very similar to BTC.
KMD-BTC | still in the downtrend and finding support.
ZEC-BTC | 1st target hit with edge-to-edge cloud break.
ARDR-BTC | (Not in the video) is following the expected trend. I will cover it in another idea or video.
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I'm well aware that I haven't considered the USD pairs here, that's something to consider when making these trades/ investments. A quick look tells me that the USD price action correlates well with BTC pairs right now.
That's all for now, y'all have a good Tuesday afternoon. Roti out.
ZECBTC
$ZEC bearish divergence in progress on 6H RSI chartZcash is in perfect uptrend channel with many bullish signs, but it may experience bit of overheat via regular bearish divergence on 6H RSI chart. RSI is overbought, making lowest high under 70, where the price is trending up. In trading book it may signal for the short. Long term ZEC is super bullish. In near future it may have a bit of decline to existing support.
ZEC - Head and Shoulders?Woke up early to see if BTC had remained in the 4-hour cloud overnight... which it had not so the verdict is still out on that one.
Saw a classic Bullish Flag on LTCBTC and went down the rabbit hole of different chart patterns and picked up what I believe to be a Head and Shoulders on ZEC. (See: tutorials.topstockresearch.com )
Agree? Disagree?
If I'm right, we should find ZEC pushing back down to the 51k Sats level in the next 8-12 hours.
ZECBTC (ZEC) - 400% Profit Potential(LONG)ZEC is making higher lows even on BTC downtrend. It broke the trend and resistance lines and above EMA 30 and 50. Not just technical, fundamentally also it is stong (very few in crypto world). Charts showing that it has potential to go from here to 0.17(all time high). If it breaks ATH, it can go up to 0.4+(long term) based on historical trend line of ATHs. DYOR. Thank you.
ZCash vs. Bitcoin [ZECBTC]ZEC moving good in inverted head and shoulders pattern. Now we in Resistance area, so I'm expecting breaking support line and pullback to rebuy area.
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Indicators (RSI and Momentum) in medium overbought area.
Stochastic RSI — Blue and Yellow Lines.
Momentum — Red Line
Histogram — Finds market bottoms/tops. If green - shows local bottom. If red and bottomed - sell signal.
How to use this combination - If histogram are green and RSI/Momentum in bottom - this is good buy signal.
If RSI/Momentum in top and histogram red in bottom - sell signal.
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Rebuy area: 0.052 and lower
Take Profit 1: 0.060
Take Profit 2: 0.064
Take Profit 3: 0.067
Take Profit 4: 0.079
Join telegram group to keep updated.
Zcash one of the most undervalued coins outthereZcash got this interesting looking on the chart, a lot people didn't realize how HUGE zcash is.
Grayscale recently release their Zcash investment thesis and explained why you should be buying Zcash very very well
Technically speaking, we have an inverted head and shoulders pattern, I'm buying here early, Risk Reward Ratio will be over 5 if you take this trade.
BUT, AS ALWAYS, THIS IS NOT AN INVESTMENT ADVICE.
good luck to you all.
ZEC to go long after long time consolidationAs depicted in the chart, the H&S pattern worked well on ZECBTC pair. As a clear H&S pattern forming and soon to break, and the
ongoing rally of BTCUSD, we can expect some rocket rise in the coming weeks.
Also as said in the ZECUSD chart, after crawling along the supporting line for long time, it's already reasonable for the rally to start.
Buy the ZEC dip againWe see the opportunity again to buy the ZEC dip.
For those following ZECUSD with me, our last dip buy was 200 USD, now we can buy again low.
If BTC goes to 7500 zone, ZEC could go to 315 USD
315 is an instant buy, HODL some months and get richer.
Remember, the key things is BUY LOW - SELL HIGH
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Vemos una nueva oportunidad para comprar el DIP de ZEC de nuevo.
Para aquellos que sigan ZECUSD conmigo, nuestra compra anterior fue en 200 USD, ahora podemos recomprar nuestros ZEC baratos de nuevo.
Si bitcoin va hacia la zona de los 7500, ZEC puede ir hacia los 315 USD
315 es una compra instantanea, guardelos unos meses y gane.
Recuerden, la estrategia fundamental es COMPRA Barato - VENDER Caro
ZEC-BTC 138% Profit Potential, Decisive direction comingHere is my analysis of ZCash against Bitcoin. ZCash is doing great in dollar terms and fundamentally has a lot going for it.
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Zcash is a privacy-focused fork of the original BTC blockchain. It utilizes the zk-SNARKs protocol to ensure anonymity through zero-knowledge mathematical proofs.
More info on zk-SNARKs: z.cash
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Here are some fundamental drivers working in ZCash's favor:
Bitcoin Anonymity Broken: btcmanager.com
Decentralized Ebay OpenBazaar Accepts BCH and ZEC: www.trustnodes.com
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Based on the global Fibonacci, the 61.8% retracement zone is the only real significant correlation that I can find with the Ichimoku cloud, as the cloud flipped there back in mid-August
I did some mapping out of the most recent Fibonacci zones that played out and walked it down to find congestion zones that aligned with that. What I got was this barebones chart with support/ resistance levels mapped out as the horizontal blue lines
The last zone will possibly see a bounce, depending on what BTC does. If BTC is pressed lower, ZEC may continue lower still. If BTC squeezes, I imagine ZEC will also squeeze to the 50% retracement of this move recently confirmed Fibonacci zone or beyond
This Fibonacci zone does correlate well with the Ichimoku cloud, I think we are setting up for an edge-to-edge cloud break. The cloud has compressed significantly as of late and is clearly fighting a battle with whales attempting to establish a price floor.
Higher lows in price and lower lows on the RSI indicate hidden bullishness, while the formation of a symmetrical triangle on falling volume indicates that a significant break in either direction on increased volume will be a strong indicator of future price movement. I imagine that the price will continue to consolidate here for a few days longer before we see a breakout.
Another bullish indicator is that a golden cross is creeping up for ZEC. See the 50 and 200 MA crawling toward one another?
The potential target zone is as follows, but I'll need to do some more analysis to determine bearish targets if the reverse breakout happens.
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Bullish targets:
Entry: 0.04207891
Target 1: 0.05824643
Target 2: 0.06949369
Target 3: 0.10027335
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As always, this is not investment advice and is for educational purposes only. All opinions are my own.
$ZEC hidden bullish divergency on daily?Looks like Zcash hidden divergency will be formed today once we have 1D closing candle on higher low. Many respected people talking about shorting ZEC to 032 price level. I personally don't see that coming. Divergencies are very strong indicators. Specifically on dailies. Let's see if we can hold super strong .618 FIB level as support.
ZEC USDT - Magic Square (Good entry now!)My ZECBTC time-target has hit and ZECUSDT looks ready to pump from here too, long-term lower trend line is now current support and ZEC/ETH are what it appears to be a good hedge against falling bitcoin at the moment. ZEC has some good fundamentals too as a privacy coin, have a look, might be an interesting trade.
ZECBTC short term trade opportunity.Zcash has good fundamentals and growing liquidity.
I've been watching the chart and I just spotted a falling wedge pattern that formed and had breakout already.
Just a short term trade,
PLEASE NOTE
Short term trade tends to fail, it has lower success rate than chart patterns shown on longer time frames. *skip if you are not interested.
TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.