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ZECBTC trade ideas

ZECUSD a massive bullish setupHey friends, hope you are well, and welcome to the new update on Zcash. Previously I have posted the article when the price action of Zcash formed a big bullish Gartley and so far it has produced more than 122% rally: The long-term up-channel: Now on the weekly chart, the price line of ZEC is moving in an up-channel and reached at the resistance, in the meanwhile, it has broken out the 25, 50, and 100 simple moving averages on the weekly chart as well. A big bullish Shark move: Now the price action of ZEC has formed a bigger than the previous Gartley pattern on the monthly chart. the price action cannot enter in the negative zone therefore it is not possible that the price action may move more down up to 1.13 Fibonacci retracement level. The priceline of ZEC has found firm support at $20, therefore it can be considered as a maximum extent of potential reversal zone area. Big bullish Butterfly: Zcash with Bitcoin pair on 2-week chart has formed a very big bullish Butterfly pattern and entered in the potential reversal zone. This potential reversal zone is very vast and in the Bitcoin market, the ZEC has no significant long-term support as well, however, it is likely to find a trend line support on the weekly chart. Therefore we should be looking for two major signals to buy the ZEC within the potential reversal zone of this butterfly pattern. First, we can wait for the exponential moving average 10 should cross up the EMA 21 on this weekly chart. Secondly, we can use look at the Ichimoku cloud on weekly chart and wait for the conversion line to cross up the baseline. After these two major signals, we can place our buying orders in Zcash with the Bitcoin market. Conclusion: The price action has formed the biggest harmonic pattern in its history. Therefore there are strong chances that in long-term it will achieve the highest price in its history as well. For exact buy and sell targets for this trade, and other harmonic trading signals you can join: www.patreon.com
Long
by moon333
💡Don't miss the great buy opportunity in ZECBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.002800). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Zcash/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 0.00295 TP2= @ 0.00312 TP3= @ 0.00330 TP4= @ 0.00348 TP5= @ 0.00370 TP6= @ 0.00400 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
12
💡Don't miss the great buy opportunity in ZECBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.002800). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Zcash/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 0.00295 TP2= @ 0.00312 TP3= @ 0.00330 TP4= @ 0.00348 TP5= @ 0.00370 TP6= @ 0.00400 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
14
The Future of Z-Cash - Weekly ZECBTCBecause it's always fun to try and predict the future, going to try and predict the future of my new favorite cryptocurrency, zcash, looking at the weekly ZECBTC chart - and maybe that will give you some indication as to why I'm so hot on this right now. This is the ZECBTC version of this chart idea, i've also attached the the ZECUSD version showing what I see there First off we have before us an obvious falling wedge which began forming roughly in August of 2019. Thisestructure has been long in the making and its start coincided with the Great Crypto Selloff, a period of time which found all cryptocurrencies being deeply sold off, culminating and finally reaching reversal on March 9th. On March 13th, the pandemic officially started. That moment marked the beginning of bitcoin's rise rising to $7,000 in April, $12,000 in august, all the way to where it is now. Meanwhile, our protagonist Z-Cash saw it's value against Bitcoin range until touching a high on the week of August 2020, touching $100 (roughly) and creating the upper bound of our wedge. This was right around the time that bitcoin was tearing up in price at a mad pace, and while we saw zcash's value against bitcoin fall, rise against US dollar managed to range between $50 to $100, finally touching an obscenely low price $46 per token well seeing its value crater against Bitcoin. People clearly writing this token off and selling it as hard as they could to buy Bitcoin. As usual, it's always darkest before the dawn and that week 2 weeks ago was rough for holders, really sad for sellers, and an absolute f****** Bonanza for me. That moment 2 weeks ago happened to also be the capitulation moment everyone waits for in an investment. Privacy was getting written off as quickly as possible, small fry exchanges like Finex were delisting ZCash Monero and Dash and everyone was thinking it was because everybody was going to, really it was because they cannot handle the requirements necessary to deal with privacy coin without getting themselves into trouble and also they were getting s*** volume for those coins. Privacy was dead and so is zcash and Monero and dash. Or so the herd thought. As usual, popular opinion is a steaming pile of garbage. Having having had gnawing and repeated intuitions to check the zcash chart few weeks ago, I saw what I'm showing you now. Pure capitulation. Reversal. An incoming explosion. ZECBTC price has bounced off of the lower edge of the falling wedge described by this weekly chart. Reversal has occurred and ZECBTC price is now on the ascendant. That single candle managed to drive zcash price up to $100 all the way to where it had been at the upper edge of the last connection with this falling wedge. We are just getting started. My prediction, we see ZECBTC range up in value, eventually touching 005 against bitcoin, more than doubling its value against Bitcoin. Why? People actually waking up to the fact that privacy is important. People realizing that the US government is extremely keen on keeping an especially close eye on them, because of the nature of their wealth. See, the Feds can't just confiscate your wealth at the bank anymore. That makes you a suspicious individual.. Haven't you noticed just how many restrictions there are and what you can do with your money, how you can spend it, where you can take it? You're not at all free to do what you want to. You only think you are free, but that's because you only do all of the things that everyone else does and so you've never challenged your boundaries. And the government most definitely does not want you to start trying. And so I predict the next three months will see a flurry of financial regulation and authoritarian laws of all sorts passing the name of protecting you, but really passed in the name of guaranteeing their own tax income, trying to keep crypto holders from doing the sensible thing which is removing themselves from the reaches of negligent landlord that provides an extremely low-to-negative ROI for the taxes they force out of us. Who knows where Bitcoin will be at when they try all this, frankly I don't really care, I am happy with two and a half times my initial Bitcoin investment any day of the week because Bitcoin is not likely to drop 50%. Worst-case, bitcoin price stays the same and zcash goes to $250. Best case, Bitcoin continues to rise and so does ZCash. I think what we will see is bitcoin ranging a bit and maybe increasing in price against USD, taking zcash up to about $300. Then, bitcoin explodes again, probably due to some Draconian government overreach attempting at restricting everybody's Financial freedom, causing Bitcoin to spit in their faces and rising ten-fold into the stratosphere, sending everything else reeling. Nothing can keep up with the monster, and so value against Bitcoin falls again. Zcash maximalists, just so you know I will be selling some here, it only makes total sense in case we don't bust out of that wedge and everything else is left in the dust. After all, i'm trying to increase my relative value here, not marry a particular cryptocurrency. Now, if it do through that wedge and fly through it great, I'm om for the long run, otherwise I will buy buy once it is dirt cheap against a now million-dollar coin, touches that wedge line again. Maybe this is when we finally launch to 1k+, who knows? What other evidence do I have for this case you say? Please take a look at the linked ZECUSD weekly chart, which shows the biggest damn cup and handle formation I've seen on a weekly ever. So sexy... I will be updating this idea and its companion as price plays out. You never know what happens, I might be completely wrong and zcash isn't really one of the most underrated store-of-value cryptocurrencies that I can find right now, and if I'm wrong, then I guess I'll be broke and homeless. If I'm right tho... the people buying Z-Cash are gonna be the whales of tomorrow. As a close because this is a damn novel - I've been here since 2014. Bitcoin has been good to me for years but I learned to trade during those days. I paid dearly for my training experience, just about over 80 Bitcoin lost. Selling 250 ETH instead of holding them. Those things hurt but they taught me a lot. One of the things they taught me is my sense for a deal, this one seems like if it plays out is the next best thing to being an OG Bitcoin whale
Long
by lonestar108
5
💡 Don't miss the great buy opportunity in ZCash/BitcoinTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.001673). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ZCash/Bitcoin ZECBTC is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 0.00265750 TP2= @ 0.00336700 TP3= @ 0.00436500 TP4= @ 0.00532570 TP5= @ 0.00663300 TP6= @ 0.00835200 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
15
💡 Don't miss the great buy opportunity in ZCash/BitcoinTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.001673). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ZCash/Bitcoin ZECBTC is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 0.00265750 TP2= @ 0.00336700 TP3= @ 0.00436500 TP4= @ 0.00532570 TP5= @ 0.00663300 TP6= @ 0.00835200 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
19
Zcash capitulation long. As obvious as a trade can get. Zcash had its first halving in November 20. Its feature for shielded transaction (and also transparent) does currently not get nearly as much credit as it deserves. As the crypto market is nascent and still very inefficient, people will soon realize the sheer power of this which will eventually be priced in. It's backed by large entities such as an Amazon foundation, billionaires wanting to hide wealth etc. Especially with inflation ramping up due to excessive global money printing, wealthier individuals are starting to look for alternative investments. I didn't catch the exact bottom but I added to my holdings and have an average entry price of around $60. I will hold this for as long as it needs as I have incredible conviction in this project. Any buy in this area will be in deep profit within 6 months.
Long
by thaytch
3