Zcash $ZEC BTC is that all we’re getting or is there more?

Ladies and gentlemen, let's take a look at this beast.

Entries: 1/3 at .0385, 1/3 ether at 10% profit from first or .035, last third will be at the 4th wave retrace
Stop: below .034
Target: 0.135
Risk / reward ratio: 1:20

Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!

Kinashi-San

*For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*

Kommentera:

Our trade hit at 38500 and we’re currently are trading at around 41000, but it seems we should be expecting a bearish move soon. Looking at the one hour RSI, if you ignore the spikes then you’ve got yourself a divergence that also broke the bullish trend. So we should expect either some sideway action or a move south to test the support at around 35K.

We’ll gracefully exit here, take whatever’s on the table and let the market dictate

Kommentera:

a more correct visualization

Kommentera:

Correction - the impulsive wave was due to Gemini listing announcement, not Bittrex. I was thinking of Storm when Bittrex went into mind