ZENBTC trade ideas
Horizen Potential 100%+Accumulation cylinder is forming.
TP1: 13.5-14k sats
TP2: 17-18k sats
STOP: Close below 7k
The books are extremely thin as there are only 9 million ZEN in circulation so we just need a bit of volume to get the party started.
These are soft targets and it can go much higher if there's demand.
Trade at your own risk.
Trading With ColorsHello friends. This is simply a moving average ribbon, per se. The values for the colored ribbon can have their length calculated to fit their chosen resolution on the current one. This solved problems for me, but it was my own solution. Maybe I'll learn something new from sharing this.
To everybody else who is learning as well, this script essentially serves to introduce other time-frame moving averages. This intends to helps traders find the scope of relevance and not get lost in the current time-frame.
Besides the colored moving averages (2 sets, different resolutions, great zoomed in our out), I included optional check-boxes to allow comparison of sets of moving averages at will, so that the most important to the individual trader can be compared and selected specifically.
I kept the default options set to keep it clean. It likely won't be the only indicator on one's chart, so it's naturally best to reduce indicator noise from one, as to not subtract from the benefit of the other indicators.
I integrated tons of acquired knowledge into this, so I hope somebody finds a missing piece to their collection or a solution to a coding problem within. I also hope this provides a new insight and helps others on their path to financial freedom.
Best wishes.
PS: I left some old code in comments in case it helps to understand the evolution of my code. I'll update this once it works on the Daily. You might figure it out before I do, in wish case, do share :)
ZENBTC 79% Growth possibleHi my friends. it is a quick post about ZEN/BTC
we can face a breakout in coming days.in case of breakout targets has shown on the chart. the rsi show a very strong pattern.
inshallah we will reach all targets in 1-1.5 month.
don't forget to push like button.
leave your comments.
#ZEN/BTC 1D 115% Potential Profit. Trade Setup for July!Welcome to this quick update guys.
ZEN BTC has been trading at the bottom, certainly
Technical perspective:
Breakout of the 128 days long Falling wedge channel
Currently forming a bullish pennant
Double bottom formation
A lot of fundamentals at the end of June and July which will eventually create a lot of HYPE.
So I think buying the dips would be profitable in future.
ENTRY:
5500 TO 6330
Targets:
1. 8022
2. 8683
3. 9675
4. 10277
5. 11969
Stop Loss: 5337
If you like this idea please hit the like button to support my work.
Do not forget to follow me for more future updates on altcoins and bitcoins.
STAY SAFE
#Peace
ZEN/BTC, BULLISH CYPHER, FALLING WEDGE, ATTEMPTING BREAKOUTIt has formed a nice harmonic and is attempting a breakout of it's immediate resistance of the falling wedge. Safest bet would be wait for it to make another attempt to breakout to enter but keep SL behind support once it bounces. I am liking what I am seeing on this and if this current pattern breaks down, I expect it to make a Bullish Bat pattern (falling to the 0.886) before its rally upwards. So overall, the R/R look good to me here as I am expecting it to test 100 WMA.
I AM NOT A FINACIAL ADVISER, DO YOUR OWN RESEARCH!
ZENBTC Long term trading planWeekly: (events incoming on 31.05)
-price formed a higher low which could mean a reversal in trend
-sell pressure is decreasing
-RSI seems to be in an ascending channel
-MACD seems to head for bullish territory
-will check for an entry on lower time frame betting on a long
Tools:
EMA's 8/13/21/55 (scalp)
MA's 10/20/50/100/200 (swing trade)
RSI , MACD , VOLUME , FIBONACCI,DIVERGENCE
STANDARD PIVOTS , CANDLES, TRENDLINES
ZEN/BTC (Pullback Correction?)ZEN/BTC
-strong push up after breaking the yellow box resist
-we need to pullback to confirm old resist turn new support
-key areas to watch is between 6900-6500
-if we see rejection at this area of support
-it is likely we will see another leg up to test the next high
-target potential upside is 9650s
ZEN is looking for short-term upside#ZEN / BTC ( OKEx, Binance )
Buy Range : 0.0006130
Stop Loss : Daily close below 0.0005755
Target 1 : 0.0006475
Target 2 : 0.0007600
- Nice short-term bullish reversal on ZEN. Price indicators looks like sellers has gone and price could retest the last support ( now resistance )
- Indicators looks bullish. MACD crossing, RSI going up after test lows. CCI green...
- Our target points are the next demand zone for ZEN vs BTC.
- Good overview on the weekly, which show how this coin have more room to the upside with a very good risk/reward
- Perfect market situation for alts
- ZEN vs usd still sideways. So lets go !
More trading signals in my premium channel
GL
Horizen Hits Support (Full Chart Mapped)Here we have the chart for Horizen (ZENBTC) fully mapped.
On the chart above we have the most important Fib. levels marked.
Fib. retracement (support) and extension (resistance).
You can look at the "Decision Point" at 0.0006038 to know where prices will be headed next.
Below this level, ZENBTC goes bearish (we remain bullish even if prices drop).
Above this level, ZENBTC goes bullish.
Since Horizen is now trading near strong support with some early signals showing up, chances are that prices can move up here, still, the 0.0006038 needs to be conquered first for confirmation.
This is not financial advice.
Thanks a lot for your support.
Namaste.
Shilling my positions : ZEN BTCFor the series, let's shill my positions today we got :
Pair : Zen BTC
Full name : Horizen
Coin Type / main feature : Horizen (formerly ZenCash) is an incentive-driven application platform with optional zk-SNARK based privacy features that aims to provide everyone with complete control of their digital footprint. Launched in May 2017 (no ICO and no pre-mine), the leading-edge platform enables real-life use cases beyond the ZEN currency, including the ability to privately chat with others, publish information and go anywhere on the web with complete privacy.
The team is working towards releasing the Horizen platform upon the world so that anyone can build privacy-based applications with the option to monetise their creations. This will allow Horizen to bring thousands of real-life services to the mass market.
The platform itself is being built on top of a truly decentralised side-chain based system powered by Horizen’s multi-tier node network. The project utilises a sustainable funding mechanism and intends to empower all ZEN holders with decision making authority via a treasury governance system designed in collaboration with their partners, Input Output Hong Kong (IOHK).
Horizen has one of the largest node networks in the industry with 21,000 reachable nodes across 56 countries, a passionate worldwide community, a team of over 50 professionals, and an ambitious roadmap driven by continuous investments in cutting-edge research and development.
Reason for going Long / Method of trade : Macd divergence
Past history of the same trade type : Divergence of both histogram and macd line produced high bounces (30/50%+)