$zec #zcash ZECBTC LONGUsing $BTC short profits. LONGING ALTS BTC pairing.
All large cap alts are printing the same pattern like LTC for example.
Ascending triangle 4hrly.
Good RR 3.19. Stop loss can be set tighter, but I think I am giving it more room as BTC is looking very volatile in the lower time frame.
Ezmoney
$Zec #Zcash Broadening wedge formation leading to Ycash forkIt's been a while since I have posted. So here we go.
Not much descriptions needed.
Keeping price before fork date conservative.
Broadening wedge formation. Embarking on Wave 5 now.
A series of higher highs and higher lows in lower time frame.
Blue vertical line is Ycash fork date.
Targets for broadening wedge are not some hopium MOOON BOY predictions. Mine is purely TA focused.
The first fork from a large cap coin in 2019.
Two scenarios after fork as drawn out.
$ZEC'S 2017 / 2019 comparison1: Past / Present analysis. History always repeats itself. High resemblance of price structure when comparing that accumulation phase from Dec 16 - Mar 17 to the current phase we are having. In 2017. those 4 months leaving accumulation phase brought about close to 658% gains.
2019
2017
2: There is a good chance ZEC might go on a good rally for the next few months to come leading up to the Ycash fork in July.
3: I do not expect such huge big rallies ever since $BTC's drop from ATH. But do expect some good gains. Take the last photo with a pinch of salt.
$AE might bounce of daily wedge's bottom. 4hrly falling wedge!Daily time frame, wedge spotted. AE testing wedge's support. Zoomed into 4 hrly, falling wedge spotted. Price has been trending lower in the falling wedge while RSI has been making higher lows. Stop loss can be kept to 2.5-3%. 3.5 R/R targetting T1+
$CMT Short term tradeCMT 1hrly symm triangle. 2% stop loss.
T1 2 R/R so on and so forth. T3 seems possible.
NEO's analysis / rising channel / upside potential & targets NEO after a long period of down trend is looking quite good
Rising channel - If NEO is able to maintain in the channel, breaking out of channel resistance can provide good upside potential with the green lines as targets.
Stop loss can be kept tight if breaks down from the channel.
BTCUSD Potential FractalPotential fractal playing out on BTCUSD. This aligns with my personal assessment of the approach to the A&E neckline on the 4 hour chart, as shown below:
Given the long fib over-extension to 3.618, I believe we are due for a correction, but it will be choppy and slowly drawn out. I also believe that this will grant us a chance to revisit the .618 ($3,660) of the range that we have been within since December 17th.
As always, exercise proper risk management and adjust to the situation as it develops. There are many critical points around the current range that may greatly impact projections for the coming periods.
2019 XMR BTC retrace to......?..........?
2015 retraced to 786.
what about 2019? 786 or full retrace 0.95?