ZECBTC - Zcash: The roadmap to parity with Bitcoin. 1 ZEC= 1 BTCI think that 2018 will be the year of anonymous coins.
Why I like ZEC?:
Fundamentals:
1. Zcash offers zero knowledge proofs (zk-SNARKS) and was the first project which integrated this feature.
2. They have an improved trusted setup, in which everyone can participate, ongoing since a couple of weeks. There are really cool ideas and proposals.
3. In September 2018 they plan to launch the "Sapling" upgrade. Which is believed to reduce the RAM usage for zero knowlodge proof transactions from >3GB to 40 MB.
This will make it possible to send/recieve zero knowledge private transactions via mobile devices.
3. They have huge financial backing by many early crypto investors (Barry Silbert, Roger Ver, Fred Ehrsam, Fenbushi Capital, Ben Davonport, Pantera Capital, etc.) and a partnership with the Ethereum Foundation and JPMorgan.
4. Vitalik Buterin said last month, "zero knowlodge proofs are the most underhyped thing in cryptography right now".
5. Ethereum has been integrating zk-SNARKS into their platform since last year.
Technicals and Market Psychology:
1. Since Zcash was launched in October 2016, it's in chop-mode.
2. It never had a constant and steady uptrend. Only fast pumps with 100%+ gains, within a daily candle.
3. The Market Markers try to shake out as many people as they can, to accumulate a large stack of ZEC for a good price.
They want a great share of the coins supply to control the market.
4. After the Market Maker is finished with the accumulation, he will start the pump and will push it to new highs.
ZECBTC
ZECBTC - About to test resistance, watch for breakoutZEC looks great on the 1D candle but not so much on the 6h candle. So expect some consolidation and then picking up to test the resistance at the fib level at 0.051 btc.
Higher Lows in price and lower lows in Stoch RSI indicates hidden bullish divergence and with the price going through a correction from its ATH at June, it seems to have been picking up since December.
Watching this trade closely!
Zcash: Magnetic ForcesMagnet of support to bounce ZCash higher, attracting it to resistance levels. 4X profits from former low @ 0.12BTC?
Take this crude chart at face value. This is unconventional use of Gann Fans. These Ganns are lined up breakout to break down on the Moving averages 7, 77, 231. Red is resistance top down and green is support bottom up. The Fib levels are top to bottom from the 7/77 intersection labeled by the white line with arrow and circles.
The overall purpose of this chart is to say that this price level is sustainable with decent upside potential. The ask orders are absolutely piling up on Bittrex and Poloniex. I predict large volume to carry Zcash higher in terms of Bitcoin . Price levels, buy ins and other technical info? Not going to get it here. I'm going for 2X profit by next month, but do as you will.
Remember the disclaimer: My charts and information is not advice that you should use whatsoever. This is insane dude!
Long $ZECBTCFirst chart -- let's see how this plays out.
Idea: Buy ZEC for a 2-4x gain (<4 mo).
While lower price entry would have been ideal, the trend is sound.
Trading idea leverages Technical Analysis using:
* Exponential Moving Averages
* Ichimoku clouds
* Variation on TD sequential
* Fib retracement from previous ATH
Thoughts:
* Trend reversed
* Roadmap | Overwinter (June), Sapling, ..
* Golden crosses incoming (50-100, ..)
* 2018 and Privacy
Targets laid out short term.
Solid foundation but low on excitment, that's Zcash for ya!Is Zcash a good bet with the current hype market we are seeing in cryptoland?
Probably not, but I'll keep it for now.
Fundamental
Woke up today, looked at Coinmarketcap and saw the increase in Zcash.
Thought to myself, I gotta get an idea out on Zcash . Have had it since start of my portfolio spreadsheet ( much longer in reality but I go with what I can prove ).
Fired up the chart, started drawing, sat there smiling. The chart looks real good.
Put in my target ( where its now "it could go to this area" ), posted preview on Koinworld ( Trade group ), and headed of to read up.
That's where it fell apart a little bit to me.
So I lowered my target and will look to change out ZEC with something more hype based in the near future (Gotta go with the flow).
When I started to read up on Zcash for this idea, I realized, nothing excites me here.
Don't get me wrong, I think Zcash is a real solid project with a future.
However , I think there is better places to put money for the next couple months.
Opportunity cost is a real thing.
This is where I normally would have posted some rumours, happenings or something that excited me.
I am having problems with that.
Zcash is doing good work on their product, and as mentioned, I think they will be around for a long time.
But I dont see huge increases happening here.
A big problem with Zcash is the founder rewards and the amount of coins that get released to the market on a regular basis.
This will go on until 2019-2020 I believe, so even though its probably priced in to some extent, you gotta count that as well.
Technical
So of to the chart. The reason why I decided to hold on a little bit longer, even though right now this 1.618 resistance would have been a very alright place to sell out.
You can see it floated nicely between the 0.618 levels of pitchfork (blue area). Built momentum, went ahead to test the 1.618, failed, and today its back to try again.
I think it breaks it, but my sell order is ready at the next fib extension . 1095 USD (2.618 FIB)
Let's see if we can get there, the road is far from long.
If I am wrong (or the market is extremely bullish the next months) I could see Zcash going up to my last fib (4.618).
Updates will follow until I have sold out my Zcash :)
ZECBTC - 100% profit in a few weeks.Facts:
+Zcash is one of the handful of cryptos that have a professional development team.
+Zcash market cap is 1.5bn, with a huge potential.
+Zcash is the pioneer using Zero-Knownledge cryptography (Bitcoin has plans to work with it in the future).
The 1D Chart:
+Broke 100 MA.
+DMI above 25, which means that it's trending up.
+MACD shows upward movement.
+RSI bullish.
+StochRSI bullish as well.
+The price currently is flagging, with potential of reaching the longterm downtrend line.
+When it breaks the downtrend line it will go as high as 0.9.
ZECUSD Cup and Handle. $2000+ Incoming?Looks like a cup and handle on the daily has formed possibly. It is a very strange looking one, so I'm not sure if it definitely is but the shape is there. Regardless, there is also an inverse head and shoulders bottom that has formed I believe. The pitchfork channel looks like $2000+ is definitely possible, but I am not sure how accurate my projection is. Once price passes the median PF line, it might start pumping hard. I'm going to throw some profits in on this and just HODL to target, so I will not be updating this idea much. Good luck.
ZECBTC great futureI hope that in your wallet, exchange you also own zcash.
Anonymity is its key to strength, always in the first 30 places in the market, and above all a great potential (which has always been) to be released in 2018.
As you can see in the chart he had a little breakout, we see in the next days how he behaves
Hold it
ZEC/BTC Inverted H&S Chart pattern ZEC Successfully broke out from inverted H&S , which give us a strong bullish upward reversal. also MACD and RSI confirm this bullish movement .
the first target for now at 0.0745 (H&S based).
Note:
I will update soon the next targets, So you can follow and stay close.
Enjoy and Good Luck
ZEC/