ungkuhafiz
Long

ZCLBTC - Potential Breakout Ahead of Bitcoin Private Fork

BITTREX:ZCLBTC   Zclassic / Bitcoin
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ZCLBTC is showing some promising signs of a potential breakout above 0.016. With a tight stop loss or trailing stop loss on a smaller time frame (4 hours or 30 minutes), this can be a beautiful risk/reward trade. What is the potential target? What is the valuation of Bitcoin Private? At 0.016, Zclassic have approximately 400 USD million market cap. 1 Billion-2 Billion is possible max market cap before the fork.
Trade closed: stop reached: With only few days before the snapshot and with Bitcoin acting erratically, I deemed this trade to be unsuccessful. Manage to break even and get out before the massive sell off.

I don't see any major move here in a limited short amount of time. However, I do set an alert to notify me if this breaks above 0.02 or 200 USD. At the moment, I am no longer holding any positions and have closed my position.
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