ZENBTC
$ZEN Elliot Wave Count Possibility...Potentially HugeSo looking here at the corrective Second Wave that we are experiencing now it appears to me that we have completed the A leg of the 3 subwaves and may begin a B Wave correct that will of course be thwarted at I believe the .5 Fib level prompting the start of the last subwave (C) of the larger corrective wave (2). I have placed that at the breakout support which should be very strong as demonstrated by the bounce that we are currently seeing. Once the ABC corrective waves complete that will signal the end of the 2nd wave and the beginning of the 3rd wave which also happens to be the longest. I will refer to Richard Prechter's "The Elliot Wave Principle" in order to continue to examine this chart and set potential targets for the 3rd wave.
Summary:
I believe A wave of the ABC correction is complete. Now a bounce with this B wave up to 0.5 Fibonacci retracement level and then the final C wave of the correction that will coincide with the new support that was found after the strong breakout from resistance at that level yesterday. Coincidentally (or maybe not so since there is an underlying order in the universe and in markets) the new support lies at the 0.23 retracement level). As always I welcome your questions, comments, and opinions. Your thoughts are welcome here.
- BitBookekeeper
ZEN Reversal on the .618 with a 33% Potential Profit- Strong rebrand with only downward price movement (indicating accumulation)
- Bounced on the .618 Fibonacci with strong support
- TD9 Buy set-up on the daily chart.
- Strong support level from back in april.
- Nice doji with strong buy volume follow through.
- Double bottom on 4 hour RSI
- Expectation of at least a run to the .0026 level for 26%
- Will watch for a potentially strong reversal from there to higher levels.
ZCash now has the freedom to interact with Wall StreetDespite being the pioneer and current leader by market capitalization, Bitcoin BTC is not the best offer out there when it comes to tech-capabilities and potential.
ZCash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core’s battle-tested codebase. ZCash’s over Bitcoin is the addition of privacy. ZCash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them.
Current valuation techniques are a poor measure of potential long term ROI
The crypto-community are in an ongoing debate about the technical discrepancies between other privacy coins such as Monero, Dash, Zencash (ZEC fork), ZClassic (ZEC fork), PIVX (DASH fork), ZCoin and many more.
Then we have the technical analysts utilizing various charts and statistical indicators to determine price support/resistance, range and trends.
Whilst the technology is key in the determination of long term success likelihood and the technical analysis is key for predicting short term trends and ideal entry points they do NOT provide an adequate model for measuring long term ROI.
Large scale institutional adoption
The ultimate long term success factor will be large scale institutional adoption and regulatory compliance
Large scale institutional adoption of digital assets has become a reality. Financial institutions, hedge funds, investment sponsors, RIAs and family offices represent an as yet untouched capital opportunity. For investors and institutions to partake they will require one (or more) of the following:
-An investment vehicle providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws.
-Secure, scalable custody solutions that are compliant with a rapidly changing regulatory environment.
It’s already happening
Gemini
Gemini entry into the market has seen it become one of the most respected and regulated exchange not only in the US but across the globe and only lists coins that are backed by groundbreaking technologies and have met the set standards by the SEC. This has increased the market visibility of ZEC and the pairing has also boosted its credibility.
Greyscale Investments
Greyscale provides a private, open-ended trust that provides titled, auditable ZEC exposure through a traditional investment vehicle. Modelled after Grayscale's Bitcoin Investment Trust, the Trust was created for investors looking for ZEC exposure. Zcash Investment Trust’s shares are the first securities solely invested in, and deriving value from, ZEC.
You cant afford not to invest in this one
[ZENBTC] Horizen Secure Nodes LONG [150% – 250% PP]The charts for ZEN are looking good for a long term trade, so let’s take a look and get started right away:
Trade instructions for Alan Masters Trades PREMIUM Supporters
Buy in: 0.00240 – 0.00254
Targets LONG TERM for Horizen (ZENBTC) by Alan Masters:
(1) 0.00292
(2) 0.00328
(3) 0.00388
(4) 0.00184
(5) 0.00553
(6) 0.00641 (All time high)
(7) 0.00737
(8) 0.00893
Capital allocation: <10%.
Notes:
- Horizen (ZEN) has a variation to masternodes called secured nodes, which improve on security and privacy according to them.
- This is a strong altcoin and can be held long term. Is it in the Top 100 altcoins by marketcap list.
- You can research these to set up a secure node and earn passive income.
- You can earn long term through your nodes and later sell for profits when ZENBTC hits the price you are confortable selling at.
- Masternodes / Secure nodes are meant mainly for long term passive income generation.
Stop loss: Close below 0.00230 on the weekly candle.
If you buy into this trade and decide run a secure node at the same time, you can ignore the stop loss and hold Horizen (ZEN) long term. Only sell when you meet your desired price. This type of strategy is only possible with a bullish view of altcoins and cryptocurrency in general in the long term. We believe that cryptocurrency is here to stay and that it will be used as the money of the future.
Namaste.
ZenCash Critical Point : Waiting For ConfirmationSince its listing on Binance ZenCash has showed a fair performance recording its lowest at 2528 sats on the platform. If a double bottom is confirmed on the 1D chart we might see a good leg up trend move with a continuation of the 3rd elliott wave rally. RSI looking good at 48. Volume need to increase some move upwards. As it is described if the candle close above that point on the intersection we will have confirmation. For now accumulate with a small amount of your portfolio And do consider to use a strict stop loss orders after accumulating and before that accumulate using risk management and partial buy orders.
Entry Zone : 300000 sats - 333000 sats
Stop Loss : 258000 sats
Possible Targets
Short Term :
T1 : 341200 sats
T2 : 363700 sats
T3 : 378300 sats
T4 : 394900 sats
T5 : 418500 sats+
Mid / Long Term
T1 : 364800 sats
T2 : 39900 sats
T3 : 433900 sats
T4 : 482000 sats
T5 : 544000 sats
Good Luck.
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Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
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ZEN - All depends on BTC!ZEN has a fantastic triangle pattern. It looks like it will moon soon but there is only one problem - BT C. If Bitcoin goes down it will also affect all other coins such as ZEN! It would then fall heavily down and crash the upper triangle pattern.
Zen is a platform with the latest privacy technology and a self-sustaining funding model with protocol-level solutions and has a perfect team to get this coin to ATH!
Enter:
0.0036 - 0.00365
Sell:
1. 0.00385
2. 0.00390
3. 0.00400
4. 0.00410
ZENBNB / ZENBTC ROUNDING BOTTOM CUP HANDLE PUMP LONGUpdate on the ZEN long, both have confirmed cup and handle, looking for a half range touch.
remember to take profits on pumps.
ZEN - zencash trading opportunityZEN has formed a long term channel with a slow uptrend.
After a blow off top it has retraced to the bottom of this channel. I just bought back half of my original position (Sold in a previous post)
I have buy orders down to the lower support which it has wicked to in the past, but I am comfortable accumulating at this level. If it breaks this channel I will Stop out of my position and look for a new buying opportunity.
Selling at the top of this channel has been a successful strategy, though keep in mind it will likely break above this channel during the next major bull market.
This is a long term Swing trade for me.
CMF and RSI show bullish divergence on the recent lows, and CMF is testing a break into positive territory for the first time in weeks. Zen was an early mover in the previous mini-alt pump, and I expect it to be again.
Recent volume has still been mostly bearish, without a significant change in the OBV. If Zen is going to hold this channel we will see the OBV pick up soon, and more buy volume on the lower time frames.
Trade active and I will be adding to this position down to the lower support, or on a confirmed bullish turn in the market.