Zrx
ALTS BIG PICTURE ANALYSIS/ZRX prove of 5 wavesThe longitudinal wave on Stoch is suggesting that we´re accelerating with the cycle marking the sprinboard for a very big move of ZRX in line with the timing of 8.6-month PI-Cycle of BTC beginning September(I calculated 3rd September 2018).
Currently we have only 50% retracement/profit taking of the initial up move, so we are technically still short-term bullish and just a dip! If we fall below 55% retracement, that´s a bad sign. We´re still in the game.
I´m also excited on the possibility of a 1-2-3-4-5 Elliott Wave on most alts. If we follow ZRX, we are now in Wave 2 and with the accelerating Stoch cycle we have confluence of a shortening of cycles in time, and if ONT is 5 Waves, we definitely could see $5.5 ONT. BTC is then reaching the 8.6.-month PI-cycle and, ONT is pulling back halfways and then decides if it wants to crash or make a new ATH depending on BTCs decision to break out, or break down.
A trading opportunity to buy in ZRXBTCTechnical analysis:
. 0X/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000108 to 0.000095). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000108)
Ending of entry zone (0.000095)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000124
TP2= @ 0.000134
TP3= @ 0.000143
TP4= @ 0.000154
TP5= @ 0.000184
TP6= @ 0.000206
TP7= Free
A trading opportunity to buy in ZRXBTCTechnical analysis:
. 0X/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000108 to 0.000095). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000108)
Ending of entry zone (0.000095)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000124
TP2= @ 0.000134
TP3= @ 0.000143
TP4= @ 0.000154
TP5= @ 0.000184
TP6= @ 0.000206
TP7= Free
ZRXUXD near the bottom, next leg ?ZRXUSD is showing some signs of bottoming. We are not there yet, but the price level is getting interesting. Like the whole market, it had retracement from almost $2 and is now trading just above trendline which started in April. First resistance is at $0.8, but if market recovers, ZRX should outperform well. RSI is showing signs of recovering, MACD is not there yet and its still in “bear” zone. Watch out for any setbacks under trendline (red), next stop is then $0.4 region, where was also a bottom in April. On the upside, I'm watching $1.25 region, the last high on the down move.
Coinbase Wallet features 0x and BAT. Wow... is this a hint? Please look at the pic on the Coinbase wallet website.
Do you see what I see... 0x and BAT
I know that they talked about "exploring the addition of several new assets": Cardano/ADA, Basic attention token/BAT, Stellar/XLM, Zcash/ZEC and 0x/ZRX.
But their new wallet website shows in the main picture the logos for 0x and BAT.
A wallet that gives you access to decentralized exchanges... like... maybe Coinbase Pro... :-D
So is this confirmation that BAT and ZRX will be added...? I don't know.
Maybe... maybe not.. but when you are looking at 5 possible coins and wondering which will be added next, if not all of them, I think that this is pretty telling.
wallet.coinbase.com
twitter.com
Buy the way, please consider giving this a "like" if you believe it was helpful.
Thank you!
p.s.
The 0x protocol has been of great interest to people exploring decentralized exchanges and atomic swaps.
As such, it must keep evolving. A new version of the protocol will be introduced soon. keep an eye on 0x.
nulltx.com
BTC up & Alts down. But Alt's day is coming... Soon!Even though the chart is ZRX, I believe this applies to all of the Alts.
Investors are anticipating an ETF on BTC in September, and if it comes... Boom!
Bitcoin liquidity is improving, although this is happening at the expense of the Alts... or is it...?
Alts have broken down bearish, but in the long run, it will all work out.
I believe:
BTC rapidly heads towards $10k,
Investors start to pay more attention to BTC,
New money flows into crypto (both retail and institutional),
Eventually, people take profits and BTC goes sideways,
Somewhere in that time frame, Coinbase releases new Alts on its platform, and
The Alt market explodes.
Not financial advice, but for me, I'd rather not buy the pump of BTC, instead, I'll buy into the Alts while they are still cheap.
In conclusion,
I'll admit, it has been a painful road. Although, we have survived the FUD, the manipulation, and the scams... and we've learned from our own mistakes, and now we are stronger for it.
It's our turn. It's about to happen. Enjoy my brothers and sisters!!!
A few interesting news articles:
- SEC Delays Decision on Direxion's Bitcoin ETFs Until September
"The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change. Accordingly, the Commission, ... designates September 21, 2018, as the date by which the Commission shall either approve or disapprove the proposed rule change."
www.coindesk.com
- BTC Volume today (7/24/2018) is around 6.8 billion. Last week was running around 3 billion daily.
- Binance ready to enter the South Korean market
usethebitcoin.com
- India to Have Comprehensive Crypto Regulations by September
www.financemagnates.com
- Google Partnership with Two Blockchain Startups
cryptonewsmonitor.com
p.s. If you are willing, please give a thumbs up.
:-D
Thank you!
Go team Crypto!!!
ZRX // BTC // H-C-H // line of tendnecia // analysiszrx is completing HCH by breaking neck support
and he's looking for his natural trend line
and forming divergences
everything goes depends on btc -0.83%
let's hope that BTC -0.83% reaches 5.8k and we recover ..
greetings friends
We are in the second investment opportunity .. (in your -1.34% life) just hold a little bit more.
greetings and many successes