Zanalysis

Zanalysis Feb 26, 2021

Fundamental Analysis: -All the fed printing is gonna raise inflation, the common man has no assets. -6-10% unemployment, 20%+ if you focus on blue collar workers. >Seemingly no foundation to our economy -Increased likely hood of collapsed accelerated by record high margin rates. -Stock/housing bubbles across Canada and US... Technicals: -Very strong RSI...

Zanalysis Jun 19, 2020

Fundamental Analysis : The correlation between bitcoin and the stock market has been pretty direct ever since the market plunge in March and it doesn't seem to be decoupling so far. With chairman of the fed announcing this quarter to be the worst in a while we can expect the market to price that in sooner rather than later. It also seems that the number of corona...

Zanalysis May 27, 2020

Technical Analysis : Bullish divergence on the MACD histogram indicating upward momentum building up, it seems like we will fill the CME gap on the bitcoin chart @ around 9250$. Stop loss would be at the neckline of the head and houlders/200 MA, which is at around 198.5$. Overall I think the trend is bearish but will see a short term breather to the upside....

Zanalysis May 24, 2020

Technical Analysis: Price is currently forming a rising wedge which could indicate further downside movement for silver, we can also notice a bearish divergence forming on the 1 Hourly. It would easy to mistake this pattern for an ascending triangle. Stop loss to be set at the 50 MA, which lines up perfectly with the zone of support, and our TP could be set on...

Zanalysis May 6, 2020

After a parabolic ~48% run up to the upside after the dump in march, we seem to have rejected at the 75$ level, which coincidentally coincides with the 0.75 Fibonacci extension level. From the different point of contacts dating back to Septermber 2018 we can safely establish that as a strong resistance and a safe area to place a short. I expect price to either...

Zanalysis May 5, 2020

Looks like we got rejected from the previous support turning into resistance, seems like crypto is still very correlated to the S&P although we have a much sharper rise on the crypto side of things. With the Bitcoin halving coming up, I expect the hype to serve as fuel for the price. That being said I do believe we are overdue for a correction after this 160%+...

Zanalysis May 5, 2020

Being in one of the industries being hit the hardest by this outbreak, I believe further downside movement is due after our triple top @18.5$, our rejection of the 100 MA coupled with the bearish divergence on the MACD may point us towards a retest of our local support range marked by the green box or even possibly creating new lower lows. We can also notice a...

Zanalysis May 4, 2020

In this setup I expect price to recover from last week's 14% dip on monday preceeding earnings, I personally plan to day trade this on Monday to catch what I expect will be a pre-earnings rally. If price breaks the 20 MA (yellow line) with a good amount of volume, it would be safe to assume that we would get back to testing the top of this ascending triangle we've...

Zanalysis Apr 30, 2020

After the blow off top at around 1.46$ we seem to have found a support on the 50 MA on the daily timeframe @ 1.39$. The overall trend is bearish as we have been forming a descending triangle for the past couple weeks, which explains the tight stop-loss at around 1.3875. That being said we have been selling off this whole week totaling at around 3% so I expect a...

Zanalysis Updated  Apr 30, 2020

Fundamental analysis: With oil currently trading at around 18$/barrel, it's going to be really tough for oil companies to be operating on a profit for the foreseeable future. Oil production equipment isn't meant to be halted so we can even expect extra logistical cost to storing all of it. Once travel ban is lifted around end of june, i will look to switch to a...

Zanalysis Apr 27, 2020

Fundamental Analysis: Overall shipping stocks are bullish, with gas prices so low and people ordering like crazy off their government checks. It definitely will be my next move in terms of hedging against this Covid crisis. I'm not putting any price targets because the situation is very dynamic and I will most likely take profits depending on how this plays...

Zanalysis Apr 27, 2020

Rising wedge after a multi-day, 15%+ run up. With a rising wedge forming around resistance level, I can easily see a breather down to the next support of 6.8-7k region in the near future. Overall Trend is very bullish. Cheers

Zanalysis Apr 15, 2020

Bearish divergence after pop from descending triangle, TP @ 1.221

Zanalysis Apr 12, 2020

Price brokedown of rising wedge and is currently forming a head and shoulders pattern, if it breaksdown the neckline I expect the price to fill CME gap at 3.3k but will personally short this until 5.1k~. Conservative traders might look to TP @6.1-6.5k. Also death cross is still in effect with both moving averages pointing down. Good luck.