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ZRXBTC trade ideas

0x ZRX/BTC Triangle Breakout Potential 35% + short term profit0x has been undergoing a consolidation phase over the last 2 weeks after its meteoric rise. We can observe a clear breakout attempt over the past day, as higher term frame indicators have reset and look to be ready for a new leg up. It currently just finished a candle close above the 50ema on the 4hr chart, which is a very promising sign for potential continuation. RSI approaching bullish territory. Macd cross + first green histogram bar printed on the 8hr. Daily stoch rsi has all but bottomed out and finally made a cross upwards. Potential points of profit are indicated in green. All positive signs. With the rest of the alt coin market going massively bull, this may be ZRX's time to shine and potentially set new highs. Stop loss indicated in red. This is not trading advice.
Long
by ninjacookies
1
(ZRX/BTC) Best Time to Buy 0x was March...2nd Best Time is Hey Friends! At its core, 0x is an open and non-rent seeking protocol that facilitates trustless, low friction exchange of Ethereum-based assets. Developers can use 0x as a platform to build exchange applications on top of (0x.js is a Javascript library for interacting with the 0x protocol). For end users, 0x will be the infrastructure of a wide variety of user-facing applications i.e. 0x Portal, a decentralized application that facilitates trustless trading of Ethereum-based tokens between known counterparties. What is 0x? * Open standard protocol for dApps to use for handling trustless exchange of ERC20 tokens. * Built using Ethereum smart contracts for trustless, secure operation and interoperability. * Unopinionated and does not impose costs on users or arbitrarily extract value from one group to another. Why 0x? I. Centralized exchanges Mt. Gox, Shapeshift, and Bitfinex have all experienced security failures, some of which lost billions of users funds. Coinbase, Poloniex, GDAX, etc. - all suffering downtime from DDOS attacks and high traffic spikes. Don't even get me started on the fees... 0x protocol enables transactions of ERC20 tokens between users in a secure, trustless, feeless, and quick manner through the use of Ethereum smart contracts. The only cost is the standard gas fees for processing on the network. *Relayer fees are supported by 0x, but more about this later. II. Decentralized exchanges Have you ever used EtherDelta or Maker Market? If you're one of the few, you may have noticed how slow and clunky these decentralized exchanges (DEXs) are. This is largely because the order book is stored on the blockchain. That means every order you place, remove, or fill is subject to gas fees, and the entire process is limited by the block times on the network. III . Best of both worlds? What if all the security benefits of DEXs were implemented in a way so that the problems with slow order books and gas fees for every modified or canceled order were eliminated? Faster, cheaper transactions without any centralized point of critical failure? That's 0x. How does 0x work? 0x is implemented with Ethereum smart contracts, which I won't be digging into too much. The message format and other technical information is available in the whitepaper. The main idea for 0x is to be used by other projects as a back-end transaction protocol. Thus, the 0x protocol itself is application-agnostic, and helps decouple the transaction protocol layer from the application layer. To understand why 0x works the way it does, it's important to first know about a couple existing models. Current decentralized exchanges (DEX) Existing DEXs like EtherDelta and Maker Market are not very popular because they end up being expensive and slow. This is because the order book is stored on the blockchain, so every time you post, modify, or cancel an order you have to pay the gas fees associated with changing the blockchain state. Additionally, since everything is limited to the generation time of blocks, the exchange performs extremely slowly compared to other centralized exchanges. Automated market maker ( AMM ) AMM smart contracts get away from on-chain order books by having an automatic price-adjustment based on the asset's market force on either side of the trade. This has the benefit of always being available since there's only ever one price, but AMMs generally have a worse price than traditional exchanges. AMMs also impose an artificial constraint to the supply curve, and if the price-adjustment model is too sensitive, small trades will effect the price more than they should. If it's not sensitive enough, arbitrage will take over and the AMM bankroll will run out. State channels State channels move transactions off the main blockchain by having participants send cryptographically signed messages between each other. Once the "micro transaction" is complete, the result is published the the main blockchain and gas fees are applied. This method is one way of scaling the Ethereum blockchain and reducing costs. There are drawbacks such as the need for participants to be online for the entire state channel transaction, security deposits, and numerous on-chain transactions required to set up the state channel. This makes it inefficient for one-time transactions. 0x hybrid implementation 0x refers to their model as a "off-chain order relay with on-chain settlement". It combines the efficiency of state channels with the fast settlement of on-chain order books. The steps of a transaction using 0x are as follows: 1. Makers cryptographically sign orders 2. Makers off-chain broadcast orders themselves or through a relay 3. Counterparty accepts the order and injects it into a smart contract to execute trustlessly 4. The DEX processes the exchange on the blockchain Relayers & the ZRX token For the 0x protocol to be easy enough for liquid markets to emerge, there needs to be public locations where buyers and sellers can post their orders, i.e. an exchange. Since the actual transaction protocol is handled by 0x, building an exchange becomes much easier, but there are still costs associated with running it and hosting a live order book. This is where the ZRK tokens come in. While the 0x protocol does not require transaction fees, they are supported. This allows large relay services to collect fees on the liquidity they are enabling by charging ZRX for broadcasting a maker's order to many potential takers. Governance The ZRX tokens serve a two-fold purpose. In addition to being used for the transaction fees, ZRX tokens are used for decentralized governance over the 0x protocol. This allows for a smooth update mechanism to the underlying smart contracts. Integration 0x intends to integrate with the ENS system so that makers, takers, and relayers are easily identifiable with their human-readable .eth names. A Token Registry containing information about the ERC20 tokens will also be accessible so that participants have an easy way to verify token addresses and exchange rates. 0x stakeholders will provide oversight to what goes in to this official registry. The development roadmap mentions possible integration with Aragon or Boardroom in the future for stakeholders to generate, inspect, and vote on proposed updates to the protocol. Current development & team 0x has an over-the-counter (OTC) dApp running on the Kovan test network that facilitates transactions using 0x protocol with no transaction fees. Right now, makers have to manually broadcast their order (email, social media) since there are no big relay services. Many common ERC20 tokens are listed and custom tokens can be added (similarly to how MEW does it). You simply have to choose which tokens you want to buy & sell, the exchange rate, and the expiration date. Once you've got the signed transaction, you use a relay service to broadcast it - in this case, yourself. 0x protocol is also partnered with several large crypto companies like Augur, Maker, Melonport, and Aragon. Joey Krug, the founder of Augur, is one of their lead advisors. Also, Fred Ehrsam and Linda Xie, co-founder and product manager at Coinbase, have their names on the project. Needless to say, 0x has the support required to integrate into the Ethereum the ecosystem. ZRX tokens The approximate distribution of tokens is: * 70% to crowd sale investors * 18% to the foundation (since it's a nonprofit) * 10% to the founding team * 2% to advisors The ZRX tokens have a fixed amount of 100,000,000 and there is no continuous issuance model (no mining). The lockup period for founders, advisors, and staff is over 3 years with a schedule to release 25% after the crowd sale, 25% after each subsequent year in monthly installments. New staff has a 4 year vesting schedule with a one year cliff . CALL TO ACTION: Having recently completed a retracement, 0x is currently priced at $0.34 and is giving a great opportunity to buy in. Pick up ZRX on the Binance, Bittrex, Coinbase PRO, or HitBTC Exchanges for $0.35 or less. 0x Project is predicted for $2 to $5 this year, $10 to $15 in 2021, and $50 or greater in 2025! Stay ahead of the masses, Seth Maniscalco
Long
by smaniscalco
ZRX/BTC - Goal for 2020 (Potential 2x)After over 130 days of consolidation, it looks like 0x is ready to rock and roll after some help from old mate Teeka Tiwari. It's not unreasonable to suggest that price makes its way back to the 5000 sat range in 2020. This would illustrate the 50% rule, meaning that price tends to move to 50% of the previous years' high after a big fall and subsequent consolidation. The highest I can see it going is to 6000 sats, representing the top of range and also lining up with major resistance. Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
Long
by AndyTheKing
ZRX/BTC Strong Cup & Handle Pattern so 400% potential for me#ZRXBTC Strong Bullish Cup & Handle Pattern TA: As per chart ZRX/BTC looks very bullish. #ZRX Looks very Bullish now I am accumulating because Very Strong Cup & Handle Pattern. I will accumulate every dip and loaded my full bags. Please track every update on my Twitterr. but if any candle close bellow 2100 Satoshi then I will exit. My Entry will be 2100-2300 Sat Targets: 3703/4704/5990 Sat Target 1: 3703 Satoshi Target 2: 4704 Satoshi Target 3: 5990 Satoshi Target 4: 7700 Satoshi Please like and follow me for latest crypto updates. please please like my ideas guys dont forget to like because your like = I motivate. Thank you
Long
by CryptoPatel
ZRX/BTC 56% Profit in This Bear Market Now take profit Partially#ZRXBTC Strong Bullish Cup & Handle Pattern TA: As per chart ZRX/ BTC looks very bullish . ZRXBTC now went up to 3488 Satoshi. #ZRX Looks very Bullish I was accumulating Much ZRX at Very Strong Cup & Handle Pattern support. Now I booked 50% profit from ZRXBTC. I told you I accumulate every dip and loaded my full bags. Please track every update on my Twitterr. My Entry was between 2100-2300 Sat Targets: 3703/4704/5990 Sat Target 1: 3703 Satoshi Target 2: 4704 Satoshi Target 3: 5990 Satoshi Target 4: 7700 Satoshi Please like and follow me for latest crypto updates. please please Click LIKE button on My ideas guys don't forget to like because your like = I motivate. Thank you
Long
by CryptoPatel
7
ZRX / BTC daily also looking ready for big bullish rally!ZRX, TA wise looking good also! ZRX tries also to escape yearly downtrend. Lower MA's & MA's crossing bullish. We need to break red descending triangle trend line and a 4 hour close above it and another above upper line of the down channel. Ooooh, you hear tether printer are printing like nuts? You know what I Think? A massive alt rally is coming this year / 2021. A lots of signs push in that direction remember me in late 2021 / 2022 :) Have a nice day!
by Marcelvv