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Why I'm Bullish on BITCOIN but more Bullish on ALTCOINSAltcoins have historically outpaced Bitcoin during Bull markets, while Bitcoin has held it's value better during bear markets. H2 and H3 represent the previous and next Bitcoin halvening dates. The left Y-axis is the Bitcoin Dominance ratio which is plotted by the yellow line. As you can see , after the previous halvening took place in 2016, Bitcoin experienced a small correction then continued on to a top of 20k. However, Bitcoin dominance decreased during the same period. This means that Bitcoin price grew, but Altcoin price grew by a much larger % than Bitcoin. We are seeing the beginnings of a similar trend already since the beginning of the year where most alt coins have posted larger % gain than Bitcoin. Please leave a thumbs up if you liked this analysis. Follow me if you would like to see more. This is my personal opinion and not financial advice.
BITSTAMP:BTCUSD
by ReiX
ZECBTC Is Forming Bullish BAT Pattern | A Good Long OpportunityWorld's 25th ranked cryptocurrency Zcash (ZEC) with Bitcoin pair is forming bullish BAT pattern and expected to enter in bullish potential reversal zone soon. Lets have a look on the ZEC price action's move: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection (here at B to C leg I have ignored some extra spike coz all other legs are driven perfectly as required for BAT) and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: 0.00699352 to 0.00692279 sats Sell between: 0.00716236 to 0.00741433 sats Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333
Hitting 70$ but beware of the PULLBACK.Yes we reached our target and so far so good the 2 previous analysis i made happen. For today as were expecting to hit 70 and i am sure we will be hitting if not today by tomorrow. We will be having a pullback at possibly 65-68$ range which will be another buy time for us before it blows to 100. As you notice the chart going to 70$ its almost going beyond the parallel lines i made as a waypoint, with that said it i think it will have to pullback for the bulls to regain strength also to continue the run. Let me know what you think on the comments!
POLONIEX:ZECUSD
by markacegalvez
1
ZECUSD: Bullish Trend and How to Manage Profitable TradesThe price bounced from the support zone between the neckline of the Head & Shoulders chart pattern and SMA100. After that, we got a breakout above the right shoulder. What does it mean? It means that the trend reversal chart pattern is not relevant anymore. The breakout above the right shoulder gave us a strong bullish signal. I wrote in the previous post that it would be possible to buy based on the reversal from the support zone. If you opened long positions, now it is time to think about where to fix the profit. The main target for buyers stays 65.00 resistance. It is the local market high, and buyers will try to reach it. At the same time, RSI is in the overbought zone. MACD histogram is going to reverse. Probably, we will see a pullback. It will be absolutely normal for the bullish structure. Just the price should stay above SMA100. If you have such an opportunity to fix the part of the profit, maybe it is a good idea right now. The rest part will be left for 65.00 target. It is possible to use a trailing stop as well. But what is very important if you have your personal plan, you must follow it as it is. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
BITFINEX:ZECUSDLong
by DLavrov
Zcash / ZecUSD heading bullish to 100$Hello guys this is just my insight based on my observation on the charts and market. Since we broken the 56$ or above the right shoulder. We are heading to 60$. before we get to the peak we need to hold the 56$ mark. To prove this theory we cant do down 56$ or we will break the pattern. We still have the day to go up and down but since its broken the ice at 56$ i think it will hold if not it can recover. We are heading at the right direction. If this theory proves to hold the said amount after chinese newyear will have a great boost in the market. *this is just a theory and not proven. Your insights are well accepted comment below to share ideas.
POLONIEX:ZECUSD
by markacegalvez
ZECUSD: Trend Reversal Chart Pattern and Bullish SignalIf we look at the 4H chart, we will see the Head&Shoulders chart pattern. It belongs to a reversal group of patterns. We need to get a breakout below the neckline, just in order to confirm this pattern. The price tried to break this signal line, but now we have a reversal from this line. It means that a strong bearish signal probably won't be developed into a further downward movement. If so, the false bearish signal becomes a new bullish signal which will be able to confirm the continuation of the uptrend. For this, the price will have to move above the right shoulder. If we talk about a possible buy opportunity, the price reversal from the signal line of the chart pattern can be used to open long trades. Stop orders for such trades must be placed below the local swing low. The profit targets should be at the right shoulder and 65.00 resistance. If the price drops below SMA100, the trend reversal chart pattern will be workable again, and we should be ready to see the downward movement to SMA200. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
BITFINEX:ZECUSD
by DLavrov
4
ZEC Head & Shoulder Pattern ZEC has given investors an exciting start of 2020 with over 100% returns! I believe this coin has a very bright future mid to long term and beyond. Keep in mind ZEC originally hit the market at $2.3 million. It is one of the coins to completely retrace in price and had a beautiful double bottom last December. However, Im seeing a head and shoulder pattern play out on multiple timeframes at the moment. After explosive price action could ZEC be due for some downside price momentum in the coming days? We are still forming higher lows but at the least I'm expecting a move back to the neckline at which point I will be waiting to see how price reacts. A break below the neckline (around $49) would be bearish for the short term. The measured move from the neckline to the top of the head is about 30%. A 30% drop from neckline area would take us to the low $30 range which is near our long term descending resistance line to possibly be tested now as support. (price rejected off of it last year around halloween and again in mid December). Im extremely bullish on crypto but I have been around long enough to realize the market moves regardless of my opinion. Any insight would be greatly appreciated as I am still a student and am always eager to learn and collab with like minded individuals. Thanks for taking the time to read my post! Wish you all the absolute best.
KRAKEN:ZECUSD
by MitchMilli