ZECXBT
ZEC: Potential bottom of the correctionI'm long $ZECEUR from 225 euros here. I think we might have seen the bottom of the current correction in it, after a 6 week uptrend ended, despite extending gains a bit higher and for longer, it took 6 more weeks from the end of the first forecasted rally, to apparently form a bottom, so, it looks reasonable to assume that the spike in $ZECEUR isn't really significant (specially when pitted against $ZECUSDT for example, or $ZECBTC pairs). I will include those charts below to further illustrate my point. As you know, I trade using a method developed by my mentor, who is a hugely succesful trader and investor, called Tim West. One of the strategies developed by him, lets you determine the trend, and predict the time duration, as well as potential targets for the current trend in the instrument at hand.
As fundamentals go, I think $ZEC is interesting to say the least, but, it raises some concerns among investors when you consider that there can be some hidden supply in it, that the market isn't aware of. I like the underperformance lately, relative to $XMR and $DASH, at least in the last month, probably related to fears connected to Alphabay ( themerkle.com ). Overall, I think this can resolve positively, and would induce a positive shock, and push $ZEC up again. I expect positive developments from the EEA, and Ethereum in the next month, there should be no shortage of bullish news for this and the broad crypto space. Keep in mind that sentiment is extremely negative right now, which is a good enough reason to pile in on the long side in our cryptocurrency basket again.
Cheers,
Ivan Labrie.
Zcash. A short breakout.Hello,
Check my TA.
On RSI we have trend reversal and oversell. Main aim now is to cross the Ichimoku cloud .
Also, it shows double bottom at support level , which can give us another signal to buy.
Hope it will help!
ZECBTC Long, buy zones included.ZEC has corrected sharply like most major cryptos but with strong zones of support and still on a very bullish uptrend forecast is positive.
Buy zones indicated. Buy over time to reduce avg. cost.
- Tenjin Crypto
Zcash consolidation is over. I think ZCASH is undervalued, consolidation seems over. So all signs good vor ZCASH.
ZECEUR: In case anyone missed this...I've been going on and on about Zcash, I hope some of my followers are in the trade with me and my clients. Great profits already, and more to come with some luck.
If we move above resistance after today, we will continue trending up. ZECEUR could easily hit 120-152, and if above that, the weekly could see us hit 220 eur...The first fundamental key level resistance, which coincides with a technical level is around 411, so, hang in there and be patient. If it indeed starts trending, it will be like ETHEUR's rally before it, so, it will give a lot of short term opportunities, to make quick profits while holding the core position.
Fundamentals are aligning with my vision here, there's a chance that the problems XMR's anonimity appears to have, might kickstart this rally, together with bug fixes by the proactive Zcash team, as well as a potential addition to deep web marketplaces like Alphabay...the developments could cause an explosive rally, specially if you consider the limited floating supply.
Happy Easter!
Ivan Labrie.
ZECXBT: Bottom spottedI think there's good odds that is the end of the ZECXBT pullback, so I expect a sharp rally starting tomorrow. I've been accumulating for some time, and my average entry is quite good, and currently in profit, so I am willing to let it run to see if we trigger a new uptrend, in which case I would be adding shorter term trades, aiming to capture the potential upside the chart implies here.
From the fiat chart, we also get good signals, showing strong hands are holding the market up.
It's just awaiting a catalyst to take off, so, I will continue to hold and rebalance my positions for now.
Best of luck,
Ivan Labrie.
Zcash: Potentially catching up with DASH and XMRI think ZEC will be an interesting investment, but it's not safe to just enter a big position at market. I'll leave the specifics of the entry and trading strategy for my private signals group.
I wanted to share my expectations here, keep an eye on it, don't miss out on the potential upside.
Fundamentals are interesting, with the involvement of Zec developers with the Enterprise Ethereum Alliance project, potential for Alphabay to incorporate it as a payment method, and interesting price action, I think this is a solid long term bottom in this currency.
Good luck,
Ivan Labrie.
