Long
ZCL breakout forming. Long term goodness ahead.
Updated
ZCL is like coiled spring - ready to be sprung. Consolidation period and ascending triangle is coming to an end soon (approximately 24-30hours).
It's pretty amazing how far we've come already without having the official fork date set. Been riding this train since 550k sat. Next major catalysts & activities:
1) Fork date announcement (well DUUH) -> forceful upward movement.
2) Possible Trex / Topia fork support announcement -> fomo kicks in like never before.
3) 1-2 days inb4 fork -> price will peak -> selling opportunity
4) After fork: serious ZCL unloading & possible BTCP dumpening.
My strategy:
1) Sell some ZCL at the near fork peak to cover cost & make some sweet BTC
2) Dump ZCL immediately after fork
3) HODL BTCP loooong (as I actually believe that this project could turn out one of the most successful forks. Ever.)
4) Hoard moar BTCP with profits.
One could try to pull BTCP dumpening & buy back with cheaper price, but it could turn out to be risky move.
Some crude ideas about satoshi targets:
1) current week (without ann): 185 - 2 000 000 sat
2) fork announcement: ~3 500 000 sat
3) exchange support announcement: 450 - 5 000 00 sat.
4) near forkening fomo peak: 600- 7 000 000 sat -> profit taking time. Sell 10-30% of ZCL, hodl the rest for BTCP.
What do you think?
It's pretty amazing how far we've come already without having the official fork date set. Been riding this train since 550k sat. Next major catalysts & activities:
1) Fork date announcement (well DUUH) -> forceful upward movement.
2) Possible Trex / Topia fork support announcement -> fomo kicks in like never before.
3) 1-2 days inb4 fork -> price will peak -> selling opportunity
4) After fork: serious ZCL unloading & possible BTCP dumpening.
My strategy:
1) Sell some ZCL at the near fork peak to cover cost & make some sweet BTC
2) Dump ZCL immediately after fork
3) HODL BTCP loooong (as I actually believe that this project could turn out one of the most successful forks. Ever.)
4) Hoard moar BTCP with profits.
One could try to pull BTCP dumpening & buy back with cheaper price, but it could turn out to be risky move.
Some crude ideas about satoshi targets:
1) current week (without ann): 185 - 2 000 000 sat
2) fork announcement: ~3 500 000 sat
3) exchange support announcement: 450 - 5 000 00 sat.
4) near forkening fomo peak: 600- 7 000 000 sat -> profit taking time. Sell 10-30% of ZCL, hodl the rest for BTCP.
What do you think?
Note
Quick update: wedge pattern is quite solid tool for pinpointing possible trend change areas. Crash came right on schedule - quite the opposite what I was looking for :).If only BTC & crypto followed common sense. We'll see where this is going. I still believe in ZCL/BTCP fork success and will follow my own strategy.
Trade closed manually
Done deal. Gonna update once BTCP gets listed to exchanges.
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