ZEC/BTC TA Update (Pump and Dump?)ZEC/BTC
ZEC pump over 90% from Swing Low up to 7000 sats area without even resting at 200D MA.
This coin hasn't built any support during its uptrend and I won't be surprised in the future if the price will drop drastically back to 200D MA.
I don't recommend opening a bids order as the RSI hits extreme overbought conditions.
Wait for a pullback at key support area, Do not FOMO today.
ZECUSD
Zcash | Breaking Downtrend ..!!ZEC/USD (Zcash)
Breaking the Downtrend Resistance & Daily MA50 With Bullish Divergence in Daily Chart.
Volume is Increasing Slowly & Indicators Are Also Turning Bullish.
Major Resistance : 33$ , Major Support : 26.8$
If Resistance Broken , Next Target will be 44$ So Keep Your Eyes on Resistance level.
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SHORT BTCDOMAs I stated in my weekly market wrap up on Sunday it looks like there was an unnatural pump that was used to trap people in their long positions. If you watched the wrap up you would have anticipated this and gone short altusd pairs and profited BIGGLY as I did with ETCUSD short. Now however it looks like it might be time for ALTBTC pairs to get a little hop in their step. I dont usually go long on margin so Im going to let my physical long positions play themselves out and wait for another hedging opportunity should it present itself. That being said there is a really good but scary opportunity that is still a viable option for MATICBTC pair. Im still in it and will be adjusting my stop loss down a little further thus taking on more risk but I feel like this is one that is set for a massive bounce from the panic dump as indicated in the video below posted this morning. Looks like ZECUSD was a perfect trade as well. I made alot of money today so Im hoping alot of you guys did today as well. TNTBTC is however following the market mapping I plotted almost down to the tee. Everything is looking great!!! Now Im just going to wait for MATICBTC to play out and then Ill take a break so my ego doesnt get the better of me.
God Speed Gents,
Mr. Lucifer.
ZEC bullish run has much more leftMulti-timeframe showing a clear bull run with key resistance level broken 2 days ago. Despite, the healthy pullback from what likely would have created an over-extended run. The correction not only brought back experience/successful traders/investors. It is helping provide the necessary strength in what very likely will be strong support in the near and/or distant future. Bulls continue the buying spree and who can stop them. The longer timeframes printing the infamous "bull-flag" that is widely used within the crypto communities. This, undoubtedly, will continue to bring new bulls. Despite, the fact resistance broke and ZEC does have a clear path to its next level(s). Baring, of course, any volatility and/or sudden bull rush in BTC. The tight range-bound BTC has been at; does help BINANCE:ZECBTC amplify the case for the title (of "much more left) of this analysis.
$ZECUSDT / $ZECUSD BuyMost Alts are still in bearish trends seeking their all time lows (or even something below that) to potentially bounce from. Thanks to the Flourish Crypto bot I was tipped off (and automatically entered into a long position) about one Alt which has already found a strong support from its previous all time low and is now going back up. That coin is ZCash BITFINEX:ZECUSD . Privacy will always be a sought after utility in the cryptoverse. The previous high was +2000% from the current area and we haven't seen these prices since early 2017. Mining ZCash in early 2017 was how I got into crypto, man those were the days.
Have a good weekend.
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ZEC - Huge Volume Coming In, Big Move Imminent One name I noticed that was new in the top 10 alt performers for volume was ZEC. I think this may be indicative of a possible move upward here in the near future. If ZEC can break overhead resistance at .0041, there is very little resistance in its way upward which could mean big gains. The daily MACD is showing a bullish cross over the signal line and there's good bullish divergence. With this uptick in volume, I think this is what ZEC needs to break overhead resistance and start a strong bull run. I'll be buying the breakout.