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ZECBTC

ZEC/BTC opportunity of a lifetimeHave shared this mostly among close friends. But after reading path and zoomerjd's posts, i felt inspired to share my own thoughts with tv. While my writeup lacks the fractal geometrical genius and metaphorical poeticness present in theirs, the general overarching idea is the same. Fairly simple thesis - privacy coins haven't been hyped for 3-4 years. They will probably get hyped at some point as an alternative storage of value to BTC. The two largest privacy coins currently have a combined 0.6% of BTC's market cap. What is fair market value? currently that is 0.6%. What could it be in the future? who knows. ZEC/BTC hit all time lows in December, while XMR/BTC hasn't done much better, not seeing ratio this low since prior to the 2016 alphabay pump. 1) Good privacy crypto coins have never been in the spotlight. They were outshined by smart contract platforms, dental rewards program coins, etc, in the 2017-18 cycle and currently by Defi coins in the 2020-21 cycle. Holding a privacy coin is only for masochists at this moment in time in most people's eyes. A small part of every single Xmr/Zec holder secretly wishes they had bought another coin like Aave or Kusama. 2) At some point, the privacy narrative will catch fire with tremendous hype when people realize how transparent everything is on existing blockchains. Sure, it is annoying for some whales to have their addresses revealed if they're yield mining $500k per week, but for those profits, they will tolerate that intrusion of privacy. Everyone knows long term these yields are not sustainable and there will be a point where some of these whales that have millions of dollars probably don't want to have their every single move on the blockchain be tracked by a 3rd party website. 3) The 2 best known privacy coins- Monero and Zcash. Each have had their controversies. XMR with its initial (perhaps intentionally) crippled miner release in 2014 and pre-RingCT issues. ZEC with its trusted setup process, the founder's reward, difficulty in counting actual supply, etc. Both coins have been going through 3-4 years of downwards price action and taken a lot of punishment price-wise. I believe the final capitulation we've been dreading and hoping to avoid finally happened after the December Bittrex delisting announcements. 4) XMR has only had one pump ever in its lifecycle, during the alphabay/oasis pnd in fall 2016 (and then the bithumb listing pump in 2017 which did about a measly 3x). Zec had its only notable one during June 2017 when it still had a low circulating supply, and has been weak ever since. Any mention of these two coins generally get a lot of laughs and ridicule on CT (pertains probably more to ZEC than XMR). There is no doubt that if/when these two coins finally have their moment in the spotlight, they will go hard af. There is a lot of regulation uncertainty around privacy in general, which probably plays a role in the general hesitancy and lack of strength for these two coins. Which to choose - Xmr is better from a purist point of a view, where Zec offers better pure privacy at the cost of several tradeoffs and has more centralization in its development and roadmap. Given Zec's availability on Coinbase and Gemini and its regulatory standing with the NYDFS, I chose Zcash to get the slightly larger allocation in my portfolio, but both coins are great. Having a small privacy allocation in your portfolio with a a 50/50 or 70/30 split for XMR/ZEC or vice versa is potentially a smart hedge for the scenario in my thesis. Concluding thoughts - personally, I think buying privacy coins at this moment in time are a win-win. Either it's the trade of a generation and you look like a genius, or you become a member of a tight-knit cooperative and fun community for years to come thoughts 2: should be obvious but to be claer- its a long shot to ever hit 0.10 plus again on the ratio, but something like .02 to .05 is certainly well within the range of outcomes Disclaimer: This is not trading/investment advice
Long
by iluvjenniekim
9
ZEC/BTC - 1D - Analysis published on 03/02/2021Moon to Earth ... anybody still awake and wanting to trade? Hello World, it’s Cosmo 👩‍🚀 again and tonight I’ll analyze the ZCASH (ZEC) Token against BITCOIN: So, let's get started 😃 … Summary of the Analysis: ZCASH/BITCOIN (1 day time frame) Trends: Short Term - Bearish & Long Term – Strongly Bearish Crypto Screener™ (by TradingView) Rating: STRONG SELL Technical Indicators (by TradingView & intotheblock): STRONG SELL - Summary: 14 Bearish; 10 Neutral & 2 Bullish - Oscillators: 1 Bearish; 9 Neutral & 1 Bullish - Moving Averages: 13 Bearish; 1 Neutral & 1 Bullish Fundamentals: SELL - Circulating/ Max Supply = 54% --> SELL - 848 out of 1,000 Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto) - C+ SIMETRY™ Rating (by Crypto Briefing) --> SELL - BB Rating with stable outlook by TokenInsight - 79.4% out of 100% Asset Score™ by TokenInsight --> SELL - No Dynamic Performance Score™ by TokenInsight AI (Artificial Intelligence) by CENTRALCHARTS: STRONG SELL Multi Timeframe Analysis: - 1h (1 hour frame): negative - 4h (4 hours frame): neutral - D (1 day frame): very negative - 7d (last 7 days): negative ZEC/USD consistently performing worse than BTC/USD! My Opinion: SELL - Bearish under BTC 0.003484 My targets: BTC 0.001606 (-35.6%) & BTC 0.000434 (-82.6%) from current price level ZEC/Bitcoin follows a very strong bearish trend (24° downwards) from relative high on 08/06/2020 (long time downwards trend). Traders may consider only short (sell) positions if the price stays well below BTC 0.003484 (Stop Loss Level = 1st light green line above current price; +39.8% from current price level). Next support levels are indicated as light red lines in the chart. A bearish breakout below a support line would increase bearish momentum. Signal Force (0-10): 8 = very strong force To sum up my opinion: I’m convinced that the ZEC Token has NO future and will disappear in the long run. We are currently trading around monthly VWAP. Should we break significantly downwards this would be a strong SELL signal. Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts! The trick is, that (because of good research) the longs perform better than the shorts in all market situations. Like and follow as the next analysis will focus on other over- and underperforming (compared to BTC) Coins or Tokens. You'll then be able to go LONG potentially overperforming Coins/ Tokens and to go SHORT potentially underperforming Coins/ Tokens and to do what the big guys do 🤑: Organize your Crypto Portfolio as a Hedge Fund. Heard about them? With this successful trading strategy😍🍀💵 you'll be able to make money in all market situations and independent from the price action and level! Happy trading everyone ... comments welcome! Published on 03/02/2021, 11:00 PM (UTC+1)
Short
by MoonrakerCrypto
2
ZECUSDT (ZCASH) - UPTREND CONTINUATION ANALYSIS 🔎 - ZECUSDT hit swing high. - The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels. - A bullish pin bar (hammer) was formed at the retest area. - Price action is printing a pennant chart pattern. - A pennant chart pattern is a trend continuation pattern. In this case, a bullish continuation pattern. - There's an uptrend continuation possibility. BUY ENTRY ⬆️ - Breakout above the pennant's inclined resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the pennant's inclined support.
Long
by Chibuike_Odoh
4