ArShevelev

ZCash vs. Bitcoin [ZECBTC]

Long
ArShevelev Updated   
BITFINEX:ZECBTC   Zcash / Bitcoin
ZEC moving good in inverted head and shoulders pattern. Now we in Resistance area, so I'm expecting breaking support line and pullback to rebuy area.


Indicators (RSI and Momentum) in medium overbought area.

Stochastic RSI — Blue and Yellow Lines.
Momentum — Red Line
Histogram — Finds market bottoms/tops. If green - shows local bottom. If red and bottomed - sell signal.

How to use this combination - If histogram are green and RSI/Momentum in bottom - this is good buy signal.
If RSI/Momentum in top and histogram red in bottom - sell signal.


Rebuy area: 0.052 and lower

Take Profit 1: 0.060
Take Profit 2: 0.064
Take Profit 3: 0.067
Take Profit 4: 0.079

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Trade active
Trade active:
ZEC still moving to buy zone, no buy signals yet.
Trade active:
Touched Rebuy zone, I'm in.

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