ZECBTC trade ideas
Zcash Strong In 2024/25 | 500-785% Growth Potential (3480% ATH?)Hello my friends, we can see that ZECBTC has been going through a strong bear-market but that's most likely because miners use this pair as an avenue to cash-out their gains...
The 5-Aug. week has the highest volume ever, even higher than in 2021. So Zcash vs Bitcoin (ZECBTC) bottomed in July 2024 and immediately after the low it produced the initial bullish breakout.
When Bitcoin was crashing and the rest of the market in early August, this pair was moving up. Now it is doing a retrace which is likely to end in a higher low and then the resumption of the bullish trend.
I can make the same argument here that I made for Litecoin on the LTCBTC trade-idea.
Strong project. Strong in the sense that they've been tested by surviving for a long time after being neglected. Strong because the project has real use-case, real innovation, real developers, real supporters, etc. Strong fundamentals I should say.
When the whole world will be focused on instability and chaos, people will be looking for something stable and this is one of the Altcoins that people will choose to hold. This is not only speculation we can see actual proof on the chart.
➖ Growth Potential
The consolidation triangle was active for almost two years, so this is a long-term structure. After the breakdown we have a strong bearish impulse and there is price discovery on the downside. The bottom is confirmed with the huge buy volume in early August 2024 and after the ATL in July 2024, which produced a strong reversal signal based on candlestick reading.
Just to test this same structure that was active between 2020 and 2022, ZECBTC would have to grow between 500% and 785%. It can go higher, but this would be the main resistance level for the up-coming bullish phase.
Depending on how this level is handled and how long it takes to reach it we will know if it will go higher or end the wave there.
For example: If this level is reached within 2-3 months, it becomes highly probable that it will break as resistance on the second attempt up.
If it takes, say 6-8 months to reach this level and the action is weak, then we can easily assume that the top is in.
Zcash vs Bitcoin grew ~160% within 40 days... Yes! It is possible that this resistance level mapped on the chart will be challenged in 2024. If this happens, we can expect even higher in 2025.
This is just my speculative opinion based on chart data. The way we approach the market has nothing to do with how we read the charts our what we have to say.
To trade, we develop a strategy and follow it to the end.
We set up some goals and decide an exit strategy for both situations; if the pair produces growth, how to exit? If there is no growth, what should I do; quit or hold?
With all this said, strong growth potential is obvious based on the action already present between July and August 2024.
I will look at the ZECUSDT chart and see what it has to say and publish my views on it. This can give us a better picture as to what we can expect for this pair.
Once I do both, ZECBTC and ZECUSDT, you can reach an informed decision on how to trade.
This information is meant to be used as an adjunct to your thinking, to your own planning, to your own strategy.
Take what works for you, what can help you improve.
Leave what you disagree with and all is good... Very good indeed.
It is my pleasure to write for you.
Namaste.
ZCASH BITCOIN DIDNT BOTTOM YETLearn Zcash
WHAT ARE ZK-SNARKS?
The acronym zk-SNARK stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge and refers to a proof construction where one can prove possession of certain information, e.g., a secret key, without revealing that information, and without any interaction between the prover and verifier.
Zcash was the first widespread application of zk-SNARKs, a novel form of zero-knowledge cryptography. The strong privacy guarantee of Zcash is derived from the fact that shielded transactions in Zcash can be fully encrypted on the blockchain, yet still be verified as valid under the network’s consensus rules by using zk-SNARK proofs.
ZCASH BITCOIN BOTTOMED???????Bitcoin has been around for almost a decade, and by now many people have realized that it is not nearly as private or anonymous as many initially thought. That can be a good thing when it comes to catching criminals, but it can also be a bad thing for innocent users. In fact, Bitcoin’s current specifications make it almost impossible for an unsophisticated innocent user to have any privacy.
www.coincenter.org
Zcash 6.5 Years Long Downtrend Ending? Hit Bottom?Zcash vs Bitcoin (ZECBTC) has been dropping since June 2017...
We will start this one with a long-term chart.
➖ For the first time ever, a double bottom pattern has been established, a short-term one.
➖ ZECBTC hit a low in January and later confirmed it this month, February.
➖ As soon as this event happened we had a nice increase in trading volume a break of EMA10 and EMA21 as resistance.
Growth potential for this chart is now active —as the pair trades above EMA21/10 on the 2D timeframe.
The chart above shows 2,000%+ potential but the coming bullish phase can end up higher or lower. We are more concerned with catching the bottom with a buy and hold strategy; this is an opportunity that has been in the making for very long.
The early signals are in.
Zcash might be hitting bottom right now...
Once we hit bottom, the only place left to go is up.
Namaste.
ZEC possible reversal + my targetHello again!
Today i will review a few coins that have some early signals (indicators turn bullish)
This is because of coins like Flux decided to pump ,so we don't want to miss out
I can hardly advice anyone to buy or get in. Anyways the safest way to buy is when it pullbacks
Zec now has a pullback just like Flux had recently
If we take this pattern in consideration we may judge that some coins might turn bullish in a a couple of days (as we approach June)
I repeat not a financial advice guys !
The easy way to make profits is investing in coins prior to their PUMPs
Not before.. when market makers restrict liquidity so we can't buy enough
If you play with small amounts of money you may not experience this issues
But even then timing the market is everything
Beating the market (in the long term) is another thing.
Hope this helps!
Zcash vs Bitcoin begins Total Capitulation Wall ZEC BTC PrivacyThe vulnerabilities, discovered by Halborn in a 2022 audit of Dogecoin, were first disclosed to ECC and contributors to other affected networks on Feb. 14, and more details were relayed in a Feb. 17 call. ECC initiated our security process immediately and began coordinating with ZecSec.com, the independent Zcash-community-funded security team, and with Zcash Foundation, who analyzed the impact on zebrad, its own implementation of a Zcash node. We also reached out to Horizen, Komodo, and other teams with whom we have disclosure agreements.
Within days, we had zcashd patches ready for third-party testing, but the public releases have been delayed to allow other projects time to complete their own remediations and to allow for coordinated comms, given the sensitive nature.
Halborn found that the bugs could allow an attacker to utilize peer-to-peer network messages to fill the memory of a node and crash it. By crashing other people’s mining nodes, an attacker could potentially reduce, by around one half, the amount of hashpower they would need to mount a 51% attack on the Zcash network. A successful 51% attack could potentially be used to execute a double-spend attack, which could result in users who received transactions from the attackers losing their funds. We have no reason to believe that the Zcash network is currently vulnerable to a 51% attack — with or without the “one half discount” on the attack cost — but out of an abundance of caution, we’ve hardened the zcashd nodes so that they cannot be crashed using this bug.
#ZECBTC - Swinging to Top of Channel RangetheCrypster -
As you can see #ZCASH has ben ranging this channel against #bitcoin for a little while now, with clear swings from top resistance to lower support. After a quick retest of the lower edge we're moving on up once again!
The mid-line within this channel has played a pivotal role previously, providing a level of both support and resistance numerous times; but with the fresh rejection, the price breaking above a significant historical low and a good Buy signal from Crypto Tipster v2, we can see this heading on up!
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✳️ Zcash About To Print Strong 100%+ Growth!One of the worlds favorite altcoins, Zcash, is about to start growing for several months...
We have a very telling candle showing up 9-November, that is a bullish hammer with really high volume.
Yesterday/Today, we are getting a repeat of this candle within a higher low.
( The bullish hammer is a reversal signal when it comes near/at support )
We also have a descending channel that is failing, with ZECBTC moving above... These are early signals but watch how things change in a matter of days.
Namaste.
$ZEC ZCash$ZEC Looks like it's F I N A L L Y breaking out! The Daily RSI just printed the highest high since the inception of trading on Bittrex. Looks like the weekly and monthly RSI corroborates this notion too. With the Weekly RSI above 50, and the Monthly RSI finally showing a little signs of life moving up to a whopping 5 after sitting in the entire range of 4 since Dec 2017. I'm actually BULLISH on ZCash for the first time since...well, for a long time. :::insert Blackeyed Peas - I got a feeling:::
Zcash Prepares To Grow vs Bitcoin (26% to 94% Potential)Zcash (ZECBTC) print a low in January 2021 and is now in consolidation mode.
Let's read this chart.
We have higher lows long-term but also lower highs, which is the consolidation pattern.
In October 2021 we had a hammer candlestick on the weekly timeframe which marked the low of the wave.
Now, after more than a year, another hammer shows up, November 2022, which can signal the same.
We have two main targets on this chart and timeframe... Let's have three:
1) 0.003200 (26%)
2) 0.004190 (66%)
3) 0.004890 (94%)
These are just rough estimations but they are good for the short- and mid-term.
Thank you for reading.
Namaste.