ZEN
ZEN/BTC - Clearing the Bottom?Very little overhead pressure (small pink maybe) until about 7900 sats and that's 44%, also supported by the IchCloud.
Next resistance is 100% (higher pink).
ZEN broke and held the 100MA (blue MA), and a steady gradual growth, coming off a potential "bottom" cleanly with no square up's below.
Lots of marketing and interviews being pushed.
Easy place to hide a SL under at 11-12% under the 50MA (yellow) but even 10% puts you just under every wick since Oct 29th.
Need some Vol to help support but great R:R from here.
Today`s ALT!!! ZENBTCBINANCE:ZENBTC
Exchange : Binance
Coin: ZENBTC
Buy Zone: 0.000505~0.00047
Target Point: 0.000526/ 0.000547/ 0.000576/ 0.000624/ 0.00066
S/L: 0.00045
Risk: HIGH
Term: Middle - Long
You should be careful in buying ZENBTC because of Bitcoin
It`s going on Retracement of breaking out Down Trending Channel
There is Hidden Bullish Divergence with Retracement
The Volume is slowly down, it needs more time to be pumping !!!
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
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Horizen Breaks EMA50 | First Time Since July (70%+)Horizen (ZENBTC) is now breaking above EMA50 (magenta line on the chart) for the first time since July 2019.
Notice the red hammers on the chart, each time EMA50 was challenged, ZENBTC was rejected and move lower.
Now, we are seeing the increasing volume and a break above EMA10 and EMA50. This signal is only confirmed when the daily candle closes (12 hours from now).
On top of the break of EMA50, we also have a very strong RSI with a MACD that is neutral but ready to print additional growth.
The next target is EMA100 or 0.0005580. Up to 70%+ of profits if ZENBTC hits the main target drawn on the chart.
This is a very strong bullish setup.
You can expect Horizen, like other altcoins pairs, to continue to grow.
Thanks a lot for reading.
Namaste.
$ZEN, buying pressure against ~42.6k sats resistance level$ZEN
Lagging regarding other alt coins never jumped on the Alts party that we have over the last 2 weeks..
Currently seems to be finally getting some buying pressure against ~42.6k sats resistance level
If crossed/flipped, then aiming for ~48k/53k as targets.
#ZEN
ZENBTC has formed bullish shark on month chart | Upto 941%The pricline of Horizen / Bitcoin has completed the formation of bullish shark pattern.
Now the price action is entered in potential reversal zone of this pattern.
From here the price action will move up soon to hit the sell targets insha Allah.
The targets are defined using Fibonacci sequence:
Buy between: 0.00158323 to 0.00049565
Sell between: 0.00275524 to 0.00515989
Regard,
Atif Akbar (moon333)
Tired of Losing?"The Market cannot hurt Me. I can only hurt my Self!" - Josh Ridenour
There is a Time for Losing - The 29th verse of the Tao Te Ching is about how there is a time for everything in life. A time for being ahead, a time for being behind. In the market, there is also a time for everything. A time for large profits, small profits, break even trades, losers, and consecutive losers which lead to a draw down. It is easy to get caught up in the heat of the moment depending on where you currently are. But it does not really matter what part of the cycle you are in, it is all part of a traders life and the cycle of a trading performance.
Stop Predicting! It is a false belief to believe prices and markets can be predicted. If it were possible eventually the majority of market participants would figure it out and there would be no one left on the other side of the trade, and the market would cease to exist entirely. If it were possible to predict markets, you could avoid losing trades and only take winners. Anyone who has been trading for very long knows this is simply not the case. The problem with making predictions is you then shut your mind off from the information the market gives you. Instead of being open to what is happening, your mind becomes rigid and can only take in what confirms your beliefs. This prevents you from being able to flow with the market, and open your self to the opportunity in front of you. The best traders admit when they are wrong, get out, and even reverse if necessary.
If you dont believe this - listen to a stock analyst on Mad Money or any other TV show about stocks. They are often so confident in what they say that they might even convince you! But there is a reason why he is on TV talking about markets, and not trading them. If he could trade the markets and make money he would have no reason to go on TV as the financial rewards are miles apart. In fact, analysts make the worst traders because they are so caught up in their thoughts and beliefs about market direction that they cannot trade effectively!
Cease efforts "Wu Wei" In Eastern Philosophy there is a term "Wu Wei." It cannot be fully understood or explained in words, only experienced. At the essence of its meaning is to "Let be" to "allow" or "flow like water down a stream." The point is to stop resisting, and stop trying so hard. The harder you grasp at something, the harder you try to succeed, the more you fail. If you are constantly trying to make money, and constantly trading, you are probably not making a consistent return.
Rather than trying so hard, let trading come naturally. Profitable trading is effortless. It does not require thought, only action. In fact, I try to do as little as possible, and trade as little as possible. My most profitable weeks I hardly trade at all! This has become a fundamental aspect of my trading system. Instead of constantly trying to make money all the time, I simply wait for a pot of gold to be in front of me before I do anything. Then, I take it. Again if you dont believe me; try as hard as you can tomorrow to make as much money as possible and see what happens!
Stop Trying to Remove or Control Emotions - Most traders who have been trading for a while come to the idea that emotions prevent them from success and are standing in their way. I know, as I have been there. And so we try as hard as we can to remove emotions from our trading. There is a problem with this concept. You are a human right? As long as you are human, you will have emotions; no matter how hard you try to remove them. It is simply not possible. So removing emotions or attempting to do so is the wrong approach. Instead; use your emotions to your advantage! They are warning signs; listen to them.
Then there is the negative internal dialogue which the market often brings out. After a series of losing trades, many traders get upset and feel bad. They blame the market for taking from them, and feel like a loser. How do you think a trader will perform after feeling this way for a few days or longer? His performance suffers as he tries to take back what was once his and he compounds his mistakes by trading out of a negative mindset.
You have to learn to recognize and become aware of your internal dialogue. It is very important to your trading career, and your every day life. Most of us live our lives without the slightest idea as to what we are doing to our selves. Your mental structure is a choice. This is what I mean when I say "The Market cannot hurt me, I can only hurt my Self."
My Trading Psychology book "A Traders Mentality - The Path of Self Discovery and Being a Trader" is all about these ideas and how to free your mind and better your trading performance.
If you found this helpful, please like! Feel free to comment or ask questions.
ZEN (Horizen) 80-100% Profit Potential...!!ZEN (Horizen)
- Falling Wedge Breakout Done. (Bullish)
- Volume is Incredible
- RSI Bullish Divergence in Daily Timeframe.
- TK Cross Expected In Coming Days. (Bullish)
- Wait For Trendline Retest For Entry.
- Midterm Targets 1020 - 1288 - 1663 Sats
- Stop Loss Below 6600 Sats Or According to your Risk.
Introduction..!!
Horizen (formerly ZenCash) is an incentive-driven application platform with optional zk-SNARK based privacy features that aims to provide everyone with complete control of their digital footprint. Launched in May 2017 (no ICO and no pre-mine), the leading-edge platform enables real-life use cases beyond the ZEN currency, including the ability to privately chat with others, publish information and go anywhere on the web with complete privacy.
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ZEN Setup ready! Only 1:8 Risk for this one!Trading Signal - BUY
My buy price - 1121
My (Trailing) Profit Take - 1200**
My (Trailing) Stop Loss - 1100
**Trades are valid for about 8-12x the Timeframe (e.x 30min = 4-6 hours valid) after that, anything can happen.
For both my Profit / Stop I use a so called Trailing Profit Take or Trailing Stop Loss to Maximize my ROI!
This is made possible by 3Commas.io A very easy to use solution for automated trading.
If you want to contribute please use my referal link 3commas.io
-10% Discount on the first purchase of subscription.
When you do, I'am always available for questions!
Take a look at My Twitter and follow for direct notifications of new signals!
ZEN-BTC Long Trade PlanCommodity : HORIZEN
Trade Type : LONG
Trading Against : BITCOIN
Exchange : BINANCE
Entries : Double-UP Entries throughout both the Buy Zones
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks