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Zcash

ZEC BTC Relative Value - LTCBTC/ZECBTC shows ZEC on the Move Sometimes to get another view of a token I charted against another token that closely tracked Bitcoin. In this case I'm charting zcash against Litecoin: LTCBTC / ZECBTC on The Daily chart. We can see Litecoin rise in relative value against zcash as it follows along with Bitcoin as Bitcoin pumps. The rise is fairly gradual as litecoin gains in value and zcash drops in relative value. Then, the events of the last two days. We see a sharp drop off as the value of Litecoin against zcash precipitously drops, indicating much more than just the usual swings in relative value that you see when price ranges along a trend. The sharp dump indicates a break in the dynamics that have kept these coins associated together for so long. Zcash is no longer attached to Bitcoins relative value and Litecoin's the way it was before, and it's now looking for a completely new place to go. My fervent hope and prayer is that the Dynamics of zcash Bitcoin and Litecoin continue to remain found in such a way that will some serious accumulation of both ZEC and LTC for the next few months, trading into Bitcoin when opportunities also present themselves to ultimately increase my Holdings of zcash and Litecoin. What would be really awesome is if bitcoin and Litecoin just kind ranged here for a little while, while zcash exploded, allowing me to buy Litecoin on the cheap before the next big BTC pump, when it's time for another refersal. Money both ways, I say!
Long
by lonestar108
The Future of Z-Cash - Weekly ZECBTCBecause it's always fun to try and predict the future, going to try and predict the future of my new favorite cryptocurrency, zcash, looking at the weekly ZECBTC chart - and maybe that will give you some indication as to why I'm so hot on this right now. This is the ZECBTC version of this chart idea, i've also attached the the ZECUSD version showing what I see there First off we have before us an obvious falling wedge which began forming roughly in August of 2019. Thisestructure has been long in the making and its start coincided with the Great Crypto Selloff, a period of time which found all cryptocurrencies being deeply sold off, culminating and finally reaching reversal on March 9th. On March 13th, the pandemic officially started. That moment marked the beginning of bitcoin's rise rising to $7,000 in April, $12,000 in august, all the way to where it is now. Meanwhile, our protagonist Z-Cash saw it's value against Bitcoin range until touching a high on the week of August 2020, touching $100 (roughly) and creating the upper bound of our wedge. This was right around the time that bitcoin was tearing up in price at a mad pace, and while we saw zcash's value against bitcoin fall, rise against US dollar managed to range between $50 to $100, finally touching an obscenely low price $46 per token well seeing its value crater against Bitcoin. People clearly writing this token off and selling it as hard as they could to buy Bitcoin. As usual, it's always darkest before the dawn and that week 2 weeks ago was rough for holders, really sad for sellers, and an absolute f****** Bonanza for me. That moment 2 weeks ago happened to also be the capitulation moment everyone waits for in an investment. Privacy was getting written off as quickly as possible, small fry exchanges like Finex were delisting ZCash Monero and Dash and everyone was thinking it was because everybody was going to, really it was because they cannot handle the requirements necessary to deal with privacy coin without getting themselves into trouble and also they were getting s*** volume for those coins. Privacy was dead and so is zcash and Monero and dash. Or so the herd thought. As usual, popular opinion is a steaming pile of garbage. Having having had gnawing and repeated intuitions to check the zcash chart few weeks ago, I saw what I'm showing you now. Pure capitulation. Reversal. An incoming explosion. ZECBTC price has bounced off of the lower edge of the falling wedge described by this weekly chart. Reversal has occurred and ZECBTC price is now on the ascendant. That single candle managed to drive zcash price up to $100 all the way to where it had been at the upper edge of the last connection with this falling wedge. We are just getting started. My prediction, we see ZECBTC range up in value, eventually touching 005 against bitcoin, more than doubling its value against Bitcoin. Why? People actually waking up to the fact that privacy is important. People realizing that the US government is extremely keen on keeping an especially close eye on them, because of the nature of their wealth. See, the Feds can't just confiscate your wealth at the bank anymore. That makes you a suspicious individual.. Haven't you noticed just how many restrictions there are and what you can do with your money, how you can spend it, where you can take it? You're not at all free to do what you want to. You only think you are free, but that's because you only do all of the things that everyone else does and so you've never challenged your boundaries. And the government most definitely does not want you to start trying. And so I predict the next three months will see a flurry of financial regulation and authoritarian laws of all sorts passing the name of protecting you, but really passed in the name of guaranteeing their own tax income, trying to keep crypto holders from doing the sensible thing which is removing themselves from the reaches of negligent landlord that provides an extremely low-to-negative ROI for the taxes they force out of us. Who knows where Bitcoin will be at when they try all this, frankly I don't really care, I am happy with two and a half times my initial Bitcoin investment any day of the week because Bitcoin is not likely to drop 50%. Worst-case, bitcoin price stays the same and zcash goes to $250. Best case, Bitcoin continues to rise and so does ZCash. I think what we will see is bitcoin ranging a bit and maybe increasing in price against USD, taking zcash up to about $300. Then, bitcoin explodes again, probably due to some Draconian government overreach attempting at restricting everybody's Financial freedom, causing Bitcoin to spit in their faces and rising ten-fold into the stratosphere, sending everything else reeling. Nothing can keep up with the monster, and so value against Bitcoin falls again. Zcash maximalists, just so you know I will be selling some here, it only makes total sense in case we don't bust out of that wedge and everything else is left in the dust. After all, i'm trying to increase my relative value here, not marry a particular cryptocurrency. Now, if it do through that wedge and fly through it great, I'm om for the long run, otherwise I will buy buy once it is dirt cheap against a now million-dollar coin, touches that wedge line again. Maybe this is when we finally launch to 1k+, who knows? What other evidence do I have for this case you say? Please take a look at the linked ZECUSD weekly chart, which shows the biggest damn cup and handle formation I've seen on a weekly ever. So sexy... I will be updating this idea and its companion as price plays out. You never know what happens, I might be completely wrong and zcash isn't really one of the most underrated store-of-value cryptocurrencies that I can find right now, and if I'm wrong, then I guess I'll be broke and homeless. If I'm right tho... the people buying Z-Cash are gonna be the whales of tomorrow. As a close because this is a damn novel - I've been here since 2014. Bitcoin has been good to me for years but I learned to trade during those days. I paid dearly for my training experience, just about over 80 Bitcoin lost. Selling 250 ETH instead of holding them. Those things hurt but they taught me a lot. One of the things they taught me is my sense for a deal, this one seems like if it plays out is the next best thing to being an OG Bitcoin whale
Long
by lonestar108
5
The Future of Z-Cash - Weekly ZECUSDThis is the USD version of the zcash chart and I'm going to keep this one short and sweet. Go read the commentary in the linked chart for a narrative of what I see in the future for Z-Cash. The long and short of it is, on the weekly we can see a cup and handle formation which is in the process now of breaking out to the upside. We are likely to form a flag here for a few days, as buyers from this range likely try to unload, which is likely to have little to no effect on price, since most old-time sellers are flushed out, and N00b sells are immediately snapped up. Then we see price fly, up up and away, with really nothing in its way until potentially about $300. In other words, Z-Cash will triple in value against USD in the next three months, and rise 250% in value over bitcoin in that time as well.
BINANCE:ZECUSDLong
by lonestar108
6
💡 Don't miss the great buy opportunity in ZCash/BitcoinTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.001673). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ZCash/Bitcoin ZECBTC is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 0.00265750 TP2= @ 0.00336700 TP3= @ 0.00436500 TP4= @ 0.00532570 TP5= @ 0.00663300 TP6= @ 0.00835200 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
15
💡 Don't miss the great buy opportunity in ZCash/BitcoinTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.001673). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ZCash/Bitcoin ZECBTC is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 0.00265750 TP2= @ 0.00336700 TP3= @ 0.00436500 TP4= @ 0.00532570 TP5= @ 0.00663300 TP6= @ 0.00835200 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
19
Zcash – Probability of uptrend formation to the range of $ 183The first 5 ascending waves started from the range of $ 18.13 and ended at the level of $ 102.42. The corrective movement of this uptrend has been completed in the range of 46.27 which is approximately equal to the Fibonacci ratio of 0.618. By crossing the price from the range of 89.77, which is the end of wave B from the correctional structure, we can be hopeful to start the uptrend in C / 3 wave. This wave initially can touch the range of $ 183 and then reach the level of $ 384
BITFINEX:ZECUSDLong
by NirmataFX
1
ZEC Chart Speaking "Volumes" Don't Hold BackThis is a short term view on ZEC On chart there is a setup across the Mac D, Stochastic RSI, Volume & Price Action (finding support above moving averages) that mirrors a previous reversal in January of 2020. Following this setup Zcash saw a near 200% move from beginning of January until basically Valentines day. Price rose from around $25 to $75 (roughly). These similar conditions are currently present in the chart. A similar move would take us around the $165 region. These are only speculative short term ideas. In a macro view I think I should be acquiring as much ZEC as possible. My mindset on ZEC aligns with the billionaire crypto exchange owners words. "Zcash $ZEC is easily the most underrated crypto right now. It brings privacy to money, which is a fundamental building block of a free and open society." - Tyler Winklevoss Not Financial Advice.
GEMINI:ZECUSDLong
by MitchMilli
1
ZEC The level $84 will decide the mediumterm price movement fateIf we analyze the previous idea , we see that after the level $66 did not let the price move up, a fall began. But the ZEC value did not reach the desired target of $43. For the third time, someone was actively buying a coin at $50-51. As a result: a smooth growth to the level $66, and after the halving on 17 November, the growth greatly accelerated, reaching $90. Also, the price entered the sales zone, which was mentioned in the previous idea. If the ZEC price fixes above $84 , we can consider long at least at $100 and globally - $150. The fall scenario from the current price to the first logical target from below will be to $50-51 , where the stubborn buyer was sitting). And then it already depends on what you believe in. Will Bitcoin and altcoins grow or fall anytime soon?
by P_S_trade
2