AndrewDavis5
Long

Elliot 5-wave of Bear cycle may now completed (or near complete)

BITTREX:ZCLBTC   Zclassic / Bitcoin
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9
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ZClassic /$ZCL - Elliot-5-wave of Bearish cycle may now completed (or near to complete).

(Regardless of "Manipulation", Whales and Bots DO mostly trade within Technical Analysis parameters).

After the massive (expected) dump which happened after the Bitcoin-Private Snapshot and Fork, ZClassic may finally be finding a bottom.

(Still, because of how volatile this particular coin is, it is indeed difficult to pin-point an exact bottom)

Volume is showing signs of recovery.
Prices aren't falling rapidly at the moment, as it was over the past days.

I don't expect ZClassic to necessarily need to return to its pre-fork announcement prices ($1 to $5).

Increased awareness of this altcoin, previous market price history, and good technology behind this coin makes it valuable and definitely not "worthless" as panic sellers are assuming.

$ZCL is currently at ~$7 - Was over $100 less than a week ago - Over $200 at all-time-high.
This will likely attract new buyers soon, who were simply waiting for ZClassic to find its new bottom price.
(Buyers who love to purchase coins at undervalued prices)
It currently has very high potential and likeliness for massive gains even in short-term.

I'm purchasing at these prices (made a lot of profit already buying and selling the volatility of the past few days).
Comment: ZClassic Price - Caution here, dangerous area.

Comment: I called for CAUTION 2.5 hours ago, once $ZCL price crossed my orange line at 118,400. Notice how the price now bounces EXACTLY on that line.

We ended the 5th wave which I expected/predicted, but entered a "Pump & Dump" once that orange line was crossed

Comment: https://twitter.com/ZClassicTeam/status/971207925749428225

ZClassic Development Consideration:

• Masternodes
• Anonymity, 100% Privacy
• TOR/I2P Integrated Wallet
• Improved Scalability
• Incentives to attract more Miners
• Updating ZClassic's code base to Zcash's current version
( $ZCL & $BTCP uses very old, outdated code)


Do note, this message is not from the original/previous ZClassic team.
This is a list of ideas being gathered for discussion by the potentially new dev team.

Please feel free to submit additional ideas/suggestions to us here.
Thanks!
Comment: This was very likely an extended 5th wave, which can occur in very bullish market conditions.
Followed by an ABC correctional wave.

Comment: Possible Bullish Pennant formed, which can signal a breakout upward.

Comment: Another accurate call. We successfully broke out upward of the Bullish Pennant.

I bought it at the point of my call (122k) sold out near the top (130k).

ZClassic Price - Caution here, dangerous area.

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ZClassic Price - Caution here, dangerous area.

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ZClassic about to break out of channel resistance.

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ZClassic beginning to look healthier.
Mostly sideways movement all day today, out of the free-fall we had for the last 4 days.

Now some recovery is very likely.

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yes ! I buying ZCL
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I thought the Elliot wave theory has 5 impulse waves and 3 corrective waves. Yet, your chart shows 5 corrective waves. Why's that?
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@samiswilf, "corrective wave" does not mean "downward,
"impulse wave" does not mean "upward".

What I have is an ABC Correction after the sharp, heavy dump (which isn't too important here),

Then we begin 5 down-trending impulse waves.

Next I am looking for an ABC corrective wave upward.
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samiswilf AndrewDavis5
@AndrewDavis5, Thanks for explaining.
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@samiswilf, You're welcome.
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