ZECBTC trade ideas
ZEC/BTCA symmetrical triangle has been formed, which gives us possibilities to guess the next move :)
If we breakout from the triangle, we can aim for a profit at 0.786 fibonacci.
But if we fail to break the upper side of triangle, we can rebuy at 0.0164, where the strong support lies.
Let's see, how the trade developes :)
18 Aug –> Bull Trap?! Will ZEC go down further?!The overall trend of ZEC on the daily chart is still going down. Also on this chart we see a completed descending triangle. Also we see that there is a little retracement to the resistance line of 0.023912, now we need to see if this resistance line is going to hold. So let’s look on a smaller timeframe.
If we look on the 4 hour chart we indeed several things that could indicate that the resistance will hold and ZEC will continues his downtrend.
1. Continuation pattern is forming, the rising wedge. When this pattern is completed then we can expect the price is going down further.
2. The last 2 candlestick is an evening star, which also tells us that the price is going down
3. Volume is dropping dramatically
Now we can start to setup a trading plan
Short position (4-hour)
• Entry: A close below the bottom blue line
• Stop Loss: A close above the bottom blue line
• Target: See the blue area
ALWAYS keep in mind! That this is NOT an investment advice, but an analyse . You can do whatever you want with this information, so trade at your own risks!
ZECBTC Before the Coinbase PumpIn the chart you can see when CB announced the possibility of adding this asset we got a nice pump. Retracement lines up well with the fib levels, you can see it bouncing through each support. I think we've bottomed as I see no real reason for another selloff, except maybe a BTC FOMO. Next support at .019 BTC, and this is where I'm setting up my buys. From the long correction and accumulation phase, and if my Elliot Wave charting is close to correct, we could see a nice Wave 3 pump then retrace to the classic 0.618 fibo.
I've been keeping an eye on this trade setup for awhile. Good luck!
ZECBTC [ZCASH/ BITCOIN] - Sustainable Growth for High VolatilityRefer to related ideas for detail into strategy, which works well with only high volume/volatile coins.
Summary: All indicators must cross to give a strong buy/sell signal
i.e. fibonacci lines, bollinger bands, macd, rsi must be crossed simultaneously.
Back tested over 2 months
16 trades closed
profit = 5.5%
Max drawdown = 0.32% !!!
Average pnl per trade = 0.34%
:)
ZEC/BTC On The Way DownTimeframe: 240M
Main Scenario: The rate should resume the bearish momentum after the breakdown below the outside sliding line (SL). The rate has failed to stabilize above the lower median line (LML), so the perspective is bearish on the short term. It remains to see what will really happen because the rate could turn to the upside again and could try to test and retest the SL before will drop further.
Alternative Scenario: It could bounce back and could increase only if the Bitcoin will increase on the short term.
Entry/Stop Loss/ Take Profit: You can go short after a valid breakdown below the 0.02530203 level, from 0.02524263 level. The Stop Loss could be placed at 0.02696639 and the Take Profit at 0.02178104 level.
Duration: 1-2 days
Consolidation/Ratification level: You can drag the Stop Loss below the opening price if the rate will drop and close below the former lows.
Warning Level: A false breakdown below the 0.02530203 level, it could invalidate a further drop.
Risk Management: Risk/Reward Ratio: 2.01
Expected profit rate for the historical batch 16/6/2107 About 44Daily frame
Buy entry after the intersection of the EMA indicator with the MA indicator
The price stability above the Fibonacci 23% above the price of 0.03080000 BTC
Sales gradually, ,,, choose the goals that suit you
Expected profit rate for the historical batch 16/6/2107 About 440%
Objectives:
0.03916000 BTC
0.04580000 BTC
0.05250000 BTC
0.06100000 BTC
0.07430000 BTC
0.08830000 BTC
0.10500000 BTC
0.12890000 BTC
0.15920000 BTC
ZeroCash [ZEC] Dual Chart vs Bitcoin and $USD [BTFD]Super keen for ZEC and its future here at BTFD
ZeroCash has been showing some very good signs of life as the BTC dominance rises, ZEC has been surviving well and making good gains for this very important crypto coin
it might not be in the top 10 yet but it still needs to be mined more and with support from the new ASIC's will ensure zerocash will be a top 10 player by 2020 when we have more in circulation
personally not selling my horded ZEC until over $5k a coin, still see a very important and bright future in the crypto-sphere
plenty more charts were posted today in our Telegram feed only, please join below to check them out...
good trades to you all
major
ZCash double bottomCoin of the day is ZCash.
One of the Altcoins that are showing growth during the BTC upward rally, which tends to oppress Altcoin prices across the markets.
Zcash is one of the privacy-oriented coins forked from the Bitcoin Core, with its unique vision of selective transparency of transactions. The founder and CEO of Zcash Company is Zooko Wilcox-O'Hearn. Its founding team includes cryptographer Matthew D. Green from Johns Hopkins University.
What differs the concept of Zcash from other privacy-oriented coins is that Zcash allows private transactors the option of "selective disclosure", allowing a user to prove payment for auditing purposes. One such reason is to allow private transactors the choice to comply with anti-money laundering or tax regulations. "Transactions are auditable, but disclosure is under the participant's control." Wilcox has hosted virtual meetings with law enforcement agencies around the U.S. to explain these fundamentals and has gone on the record of saying that "they did not develop the currency to facilitate illegal activity". It is likely that this vision made it possible to consider listing Zcash on the Gemini exchange.
Technicals
Listing on Gemini did not manage to send the coin in the steady uptrend; conversely, the coin went into a downtrend after drawing a peak at 0.045, ZECBTC. Today ZEC showed us a breakthrough above 0.026 level confirming the formation of a double bottom pattern with a base on the 0.024 level, which should play a supportive role in the turnaround scenario. Strengthening above 0.026 level should be considered as a bullish signal. If we see an uptrend scenario development - the next resistance will be 100-days EMA. From the broad view, the coin price is lying slightly above its all-time low at 0.0175, so a breakthrough below 0.024 carries the risks of updating the lows.
ZEC/BTC Trading idea. When those anonymous coin will start gain?In this Bitcoin dominance level which is 43% on July 19, we would see not soon growing for this cool untraceable coin, which is now very undervalued. Anyway, strong support is 0.025 BTC, and two resistance targets are 0.046BTC and then 0.059BTC. Hold it and wait for uptrend. It is coming!
t.me
ZEC key levels to watchMaybe finally this was the bottom and we starting to rise again. I wouldnt put to much hope into it and only open a small position here. Breaking downtrend would indicate a way stronger reversal and bring back the positivity the market needs. Green lines will be the target if we start the bull run from here.