Get started

XZCBTC

Watchlist Update 03 | BTC, ZEC, ETC, DGB, GBYTE, XZC, SUB, KMDHello everyone and welcome to today's watchlist update. I was thinking of calling this "Fresh Rotis" but it'd be a bit odd referring to myself as food. Anyways, The market is a bit quiet so far today. Bitcoin is possibly stabilizing, bulls are definitely returning but everyone including myself are watching carefully for any sort of confirmation. Some of my picks are looking short-term bearish while setting up for future Elliott wave impulse moves, while ETC-BTC is getting some hype. -- Summary: BTC-USD | Still sideways after a bounce and breaking down the daily downtrend, Ichimoku is flipped bearish, still finding resistance at 9087 and support above 7883. Some people are saying this is an inverse head and shoulders setup, we need more bullish momentum for follow-through. The 1H Ichimoku looks better with some support off the MAs but still not great. SUB-BTC | Breakdown of falling wedge in RSI, touching resistance of downtrend line after an inside bar bear break, may break down the shorter-term uptrend line, Ichimoku not looking great on hourly or daily charts. DGB-BTC | Looking a bit bearish but overall bears may be getting exhausted. Used multiple Fibonacci ranges to sort out these Elliott waves and possible future support-resistance lines. All conjecture but this downtrend may be a falling wedge. used a special grouping of a 343 minute time frame and two specific MA’s which I will link some info to here: GBYTE-BTC | Hidden bullish divergence on the 1H, uptrend out of that false breakout of the symmetrical triangle may be a rising wedge. ETC-BTC | Hype from the airdrop event, the C wave of the correctional Elliott wave can often revisit the level of the 4th wave of the previous impulse wave. Hidden bullish divergence on 15min with a bull flag. XZC-BTC | looking very similar to BTC. KMD-BTC | still in the downtrend and finding support. ZEC-BTC | 1st target hit with edge-to-edge cloud break. ARDR-BTC | (Not in the video) is following the expected trend. I will cover it in another idea or video. -- I'm well aware that I haven't considered the USD pairs here, that's something to consider when making these trades/ investments. A quick look tells me that the USD price action correlates well with BTC pairs right now. That's all for now, y'all have a good Tuesday afternoon. Roti out.
by RotiWokeman
Watchlist Update 02 | BTC, XZC, ETC | correlations, wedgesHello and good morning, everyone. I'm doing a quick update of my watchlist before heading out for most of the day. Traditional markets are bouncing after making a second lower low on the 4H, based on the S&P500. I see inverse correlation with this bounce and Bitcoin's downtrend out of the rising wedge spotted a day before. Moving averages are providing some support and resistance zones to look after. ETC is one of the more defiant movers today in cryptoland, if you're only looking at the trees and not the forest. I think it still has room for downside as it is still respecting the corrective Elliott wave pattern that I drew some days back. Zcoin (XZC) also looks ready for a bit of a downturn. The rising wedge is still climbing, but we are reaching the top of the symmetrical triangle now and the 50% Fib area will possibly be a significant resistance as well. More analysis would be needed to make a more clear-cut entry or exit decision. All the best and enjoy your weekend! -- Disclaimer: This is for educational purposes only, this is not financial advice. All ideas are my own.
X
by RotiWokeman
XZC-BTC ZCoin, the better privacy coin. Here I'm going to do some analysis of Zcoin (XZC), where I think we’re going based on where we’ve come from. I’ll redo this video and publication in the future but you’re welcome to skim through and I’d love any feedback on these ideas. I think Zcoin has a lot going for it, it has a strong privacy-based protocol and based on the price alone, I’d say it’s had a great couple of years and we’ve been establishing strong price floors on the way up so any downward momentum will be short-lived. Like I said in the video, I’ll be adding more details to this analysis in the future, as this is an asset I’m particularly interested in going forward. All the best, stay safe out there. This market is full of bears and sharks! Details on Zcoin: coinmarketcap.com Zcoin main website: zcoin.io Follow me on Twitter: twitter.com
X
by RotiWokeman
4