Horizen
ZEN breaking Inverse H&S + descending channel.Inverse H&S breaking on $Zen,also breaking from the descending channel in play since July 2018.
For now volume looks weak. RSI & MACD both rising.
Currently hodling above EMA50.
Remember this are ATL zones, so set stop losses.
Breaking above ~1457 could be a trigger
Realized Capitalization: ZEC trading at a 60% discount
ZCash ZEC is Bitcoin BTC 2.0 with advanced security features
Privacy coins occupy a niche within the cryptocurrency industry that many of the early adopters of cryptocurrencies consider being essential. After all, Bitcoin itself is often incorrectly referred to as an anonymous way of transferring value.
Bitcoin BTC privacy issues solved
ZCash was able to capitalize on the privacy issues of Bitcoin and forked its codebase. There are two types of transactions on its blockchain: shielded (using zk-SNARKS) and unshielded (just like on the original Bitcoin blockchain), making privacy an option for its users. Unlike Monero, ZCash supports multiple transaction types in order to allow everyone to choose between transparency and privacy depending on the use-case.
ZCash is now available on Wallstreet
There are a variety of potential market participants, among them hedge funds, venture capital firms, high-net-worth individuals, and pension funds that have access to trusted Over The Counter trading and custodial ZCash services:
-Circle Trade , Galaxy Digital, Cumberland, Genesis Trading, Greyscale Investments, Gemini
WHY ZCASH IS WORTH TWICE WHAT EXCHANGES STATE IT IS
Refer to the following graphs:
imgur.com
i.imgur.com
imgur.com
Introducing Realized Capitalization (Coinmetrics)
The motivation for the creation of Realized Cap was the realization that “Market Capitalization” is often an empty metric when applied to cryptocurrencies. Market Capitalization, borrowed from the world of equities, is calculated for cryptocurrencies as
circulating supply * latest market price
However, unlike with equities, large fractions of cryptocurrencies tend to get lost, go unclaimed, or become otherwise inert through bugs.
By design, there is no Depository Trust and Clearing Corporation which keeps track of everyone’s stock certificates. So when tokens or virtual coins get lost, they stay lost. In BTC , this means that roughly 15% of supply is assumed to be permanently lost and out of circulation. Market Cap does not consider these nuances, instead aggregating the value of all coins ever mined and assessing them at the last market price.
So how is Realized Cap calculated?
The realized cap attempts to improve on the market cap by trying to discount coins that might be lost. Its crux is to value different part of the supplies at different prices, instead of using the daily close as market cap does.
For more information please refer to:
coinmetrics.io
Smallest market cap asset playing on Wall StreetFrom ZenCash to Horizen
Horizen, known as ZenCash before rebranding, started through a fork of the Zclassic (ZCL) blockchain. Zclassic itself was a fork of the privacy-centric cryptocurrency ZCash ZEC
More than just a ZCash ZEC fork
Since Zcash is also a privacy-centric crypto, Viglione noted he believes Horizen made a breakthrough in side-chain technology, which would help its network scale to accommodate large amounts of transactions more efficiently than those of Bitcoin or Ethereum.
Follow in the footsteps of leading digital currency asset managers
In September 2018 Grayscale Investments announced the launch of Zen Investment Trust, a single-asset investment vehicle solely comprised of ZEN.
Large scale institutional adoption
Financial institutions, hedge funds, investment sponsors, RIAs and family offices represent want in. These investors will require an investment vehicle that is secure and compliant in a rapidly changing regulatory environment.
Horizon ZEN has the lowest market capitalization of any digital asset available as an investment vehicle
Breaking up from a Falling wedge!$ZEN Looks like a falling wedge that is breaking up, Volume is kinda low yet, but MACD looks bullish, RSI around 55¬ and going up. Buy signal from the UCTS. I have drew potential targets in the chart. Also falling below the current breakup will cancel the trade. #ZEN #horizen
New horiZENs
My favourite coin is reversing. Could it be the bottom or just a reaction for the overall market situation, I don't know. But if it is, it promis some good profits. And I've marked only those that comes in the nearest future. ZEN weekly chart from Bittrex shows it has much more potential.
$ZEN Elliot Wave Count Possibility...Potentially HugeSo looking here at the corrective Second Wave that we are experiencing now it appears to me that we have completed the A leg of the 3 subwaves and may begin a B Wave correct that will of course be thwarted at I believe the .5 Fib level prompting the start of the last subwave (C) of the larger corrective wave (2). I have placed that at the breakout support which should be very strong as demonstrated by the bounce that we are currently seeing. Once the ABC corrective waves complete that will signal the end of the 2nd wave and the beginning of the 3rd wave which also happens to be the longest. I will refer to Richard Prechter's "The Elliot Wave Principle" in order to continue to examine this chart and set potential targets for the 3rd wave.
Summary:
I believe A wave of the ABC correction is complete. Now a bounce with this B wave up to 0.5 Fibonacci retracement level and then the final C wave of the correction that will coincide with the new support that was found after the strong breakout from resistance at that level yesterday. Coincidentally (or maybe not so since there is an underlying order in the universe and in markets) the new support lies at the 0.23 retracement level). As always I welcome your questions, comments, and opinions. Your thoughts are welcome here.
- BitBookekeeper
Horizen - Neat small tradeZen obviously wants to break higher. I am observing it quite a few weeks and allways when we get to 13.xx levels, there comes a pump up. The last one was huge (some partnership announced), so I didn´t think we´ll be able to get back here again. Well, we did. It needed to test the accumulation zone with POC included.
So I can see two possibilities here :
1- We´ll bounce right away and be heading to 14.55 USD.
2. We´ll retest the low, possibly even the blue accumulation zone. And bounce afterwards.
Therefore I am opening half position now and if we get to lower levels, I will be adding to my position.
All signs show we should be bouncing now (Oversold stoch., oversold RSI, bottom of BB etc.). So if we´ll make an attempt down again, I guess it will be one in divergences, without volume. Only in that case I will be adding.
Watch that. I think Zen can easily even surpass the target and going for 20.
Have fun!
ZEN Reversal on the .618 with a 33% Potential Profit- Strong rebrand with only downward price movement (indicating accumulation)
- Bounced on the .618 Fibonacci with strong support
- TD9 Buy set-up on the daily chart.
- Strong support level from back in april.
- Nice doji with strong buy volume follow through.
- Double bottom on 4 hour RSI
- Expectation of at least a run to the .0026 level for 26%
- Will watch for a potentially strong reversal from there to higher levels.
Horizen: 67% profit potential in following weeksZen is on a huge support and confirming his strength. It´s a great buy right now, but if you like to lower the risk, you can wait for the potentially lower price of 15,5 USD. That seems like the best buy level.
We should test the resistance line of the descending triangle around 26 USD, that is 67% gain from a recent price. On the other hand, 13,8 needs to be considered as an SL level. That gives us a unique 1:6 RRR.
Stochastic is getting into an oversold zone on daily and is massively oversold on weekly as well. That´ s confirming the move up.
Zone of 19-20,5 has to be considered as a huge resistance, so once we reach 19, I am moving my SL to break even.
Enjoy!
[ZENBTC] Horizen Secure Nodes LONG [150% – 250% PP]The charts for ZEN are looking good for a long term trade, so let’s take a look and get started right away:
Trade instructions for Alan Masters Trades PREMIUM Supporters
Buy in: 0.00240 – 0.00254
Targets LONG TERM for Horizen (ZENBTC) by Alan Masters:
(1) 0.00292
(2) 0.00328
(3) 0.00388
(4) 0.00184
(5) 0.00553
(6) 0.00641 (All time high)
(7) 0.00737
(8) 0.00893
Capital allocation: <10%.
Notes:
- Horizen (ZEN) has a variation to masternodes called secured nodes, which improve on security and privacy according to them.
- This is a strong altcoin and can be held long term. Is it in the Top 100 altcoins by marketcap list.
- You can research these to set up a secure node and earn passive income.
- You can earn long term through your nodes and later sell for profits when ZENBTC hits the price you are confortable selling at.
- Masternodes / Secure nodes are meant mainly for long term passive income generation.
Stop loss: Close below 0.00230 on the weekly candle.
If you buy into this trade and decide run a secure node at the same time, you can ignore the stop loss and hold Horizen (ZEN) long term. Only sell when you meet your desired price. This type of strategy is only possible with a bullish view of altcoins and cryptocurrency in general in the long term. We believe that cryptocurrency is here to stay and that it will be used as the money of the future.
Namaste.