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AUDJPY Potential Reversal On 2 Hour Chart.We have had a nice downtrend with lower highs and lower lows, and we are approaching a support zone if you zoom out on the daily chart or 4 hour. We bounced at the 71 zone which is a good confluence to our trade. You can see where we are on the chart that we look to be forming a head and shoulders pattern. Also, if we break above the neckline, we also break above the previous swing (lower high) which is significant so await the break of course. Of course if markets do sell off, as most of the equity markets are re-testing their initial break out zones, then the yen may appreciate on risk. So again, be patient and await the break if we get it. If not then there is no set up.
Long
by Uncharted-FX
USDJPY...Yen to be strong during reset?The Yen pairs showed amazing moves the past week...the traditional idea is to run into the Yen as a safe haven. Many claim the Japanese yen will actually out perform the US Dollar when it comes to a safety play during this confidence crisis/reset. Why? Japan still has one of the highest savings rate in the western world. They also have a large manufacturing base. The US is the reserve currency, but most Americans do not have $500 saved up and live pay cheque to pay cheque. The Dollar is not backed by the people's savings. It really is backed by the US military. This move needs to be assessed to determine whether we are getting closer to some sort of economic crisis. If you read my other posts, I have provided reasons on why this is likely. We are moving towards a crisis, it is inevitable. USDJPY broke and closed strongly below a very major support/flip level. Waiting for a pullback to form a lower high before entering.
Short
by Uncharted-FX
1
Bitcoin 2.0- Put your faith in Zooko Wilcox-O'Hearn Supplement to: ZECUSDT/6QOHSMU5-ZCash-buy-in-opportunity Privacy coins occupy a function within the cryptocurrency industry that many of the early adopters of cryptocurrencies consider essential. Bitcoin itself is often incorrectly referred to as an anonymous way of transferring value. Security experts call it pseudonymous privacy, like writing books under a codename. You can preserve your privacy as long as your wallet address is not linked to you. 1- Privacy solved with leading technology Originally based on Bitcoin Core's battle-tested codebase, ZCash was able to capitalize on the privacy issues of Bitcoin and forked its codebase so that there are now 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. zkSNARKs are the most exciting/interesting way (as Vitalik or Snowden would say) to make blockchains private. 2- Efficient, usable, widely supported Zcash is a fast, reliable and inexpensive way to send money or digitally purchase goods and services. It is also supported by all the top exchanges and wallets. For a detailed list see Figure 1 here: imgur.com 3- Multisignature transactions Zcash supports transactions that require multiple signatures. This means that a transaction may require two or more parties to agree to the transaction before funds are sent. 4- A world-class team ZCash is led by Zooko Wilcox-O'Hearn, a world class computer security specialist. The team has by far the most expertise in zero-knowledge cryptography, it's natural that they are looked to and respected. 5- The Controversial Founders’ Reward 10% of the eventual monetary base goes to the founders so that there is continued incentive and continued resources for the founders to improve the value of the coin. I am backing Edward Snowden in the logic that a reward is important to attract the best minds to work on the Zcash project. Consistent payment of the developers allows them to discover issues and patch them before they can be exploited by opportunistic parties. Whilst this is open to debate, a steady budget should help push things forward with development and education. 6- Exposure: Zcash for Institutional Investors and Family Offices There are a variety of potential market participants, among them hedge funds, venture capital firms, high-net-worth individuals, and pension funds that now have financial options available: Custodians: hold your Zcash for you to help minimize the risk of lost keys or theft Investment vehicles: allow investors to gain exposure to Zcash without having to hold it themselves. Trading firms: offer access to counterparties for the purpose of large over-the-counter (OTC) trades. For a detailed list of some of the big names involved see Figure 2 here: imgur.com 7- Progressing towards becoming audit and regulation friendly In the world of cryptocurrencies and digital assets, which by default are intangible, trust, risk management and reasonable assurance are key. In the crypto market there is a huge problem with market integrity and with consumer protection. Music to the ears of regulators is that payment disclosure and special "viewing keys" can be used to share transaction details with trusted third parties for compliance or audits or to comply with regulatory requirements. 8- Audited meticulously Zcash is going to great lengths to make sure their code is world-class by ensuring world class cyber security audits by third parties. This separates Zcash from 99% of all other cryptos out there. For more information on cyber security audits please see the respective reports at Kudelski Security, NCC Group, QEDi and Coinspect Additional positive quantitative data: Figure 3: Stacked Daily ZCash Exchange Volume_ZCash Market Capitalization: imgur.com Figure 4: Realized Market Capitalization vs Market Capitalization_ ZCash Undervalued imgur.com
BITFINEX:ZECUSDLong
by warrenhochfeld
1
USDJPY: Break Above of Falling Trendline amid Strong ReboundUSDJPY is about ready for a fresh new bullish trend after a hawkish FOMC. The price saw itself surging as it rebounded off from a key demand zone supported by a 4-month rising trendline and after the completion of an ABCD pattern. The price has now closed above the falling trendline and stands above the previous high of 111.55, thus affirming a new bullish trend to carry on. The price is now in the process of consolidation before the next bullish wave. For a long position, we will wait patiently for the price to retrace below 111.40 to 111.20. A stop loss just below the previous low of 111.03 should be sufficient, provided the retracement completes without any signs of strong selling pressure.
by AlgoVenture
USDJPY: ABCD in Progress Towards Key Demand ZoneUSDJPY came down strongly after a fake breakout of 112 since last week. We can clearly see a falling channel is forming since the first wave of bearish movement has ended and as the second wave is still in progress. In an ABCD pattern, it is important to watch for the break of point C before we can conclude that it is able to form D and that's what's happening now. So let's wait patiently for the price to complete the ABCD pattern as it enters the key demand zone around the price of 111, sitting on a 4-month rising trendline. This demand zone is strong also due to the fact that many sellers might have been trapped after the breakout of a falling channel in 11th April.
Long
by AlgoVenture
USDJPY LOOKING GOOD FOR BULLS!USDJPY is showing some great bullish potential and is currently consolidating ( trading sideways) and creating bullish divergence. I will be looking for a bearish retracement of 50% of the bullish impulse move ( point 1 to point 2). Should price moved towards this zone, I will be going long with 1% capital risked. Considering price is consolidating as such, there is a possibility that price may re- test the trend line and go long from there. I will update my analysis accordingly. SL (Red line) - Should price move to this zone my edge will be invalidated. TP (Green line) - Take profit is set at twice the length of the retracement thus creating an opportunity with a 1:2 Risk to reward.
Long
by Malika_Analysis
2