blue22

ZECBTC at bottom of upwards trendline

Long
blue22 Updated   
POLONIEX:ZECBTC   Zcash / Bitcoin
12
After yesterday's hype around Bitcoin getting segwit, the alt selloff panic has calmed down. ZECBTC now at the bottom of it's upward trendline. Great entry point.
Comment:
Looks like BTCUSD is not breaking out just yet.
ZECBTC major support at 0.1460 is still holding up well.
Comment:
2h just closed with a doji, sign of short term trend reversal: upwards!

This is the bottom.
Comment:
Indecision for too long unfortunately invalidated the support line. Still expecting a major bounce up after this panic sell.

ZECUSD now at major support and BTCUSD slowly going down, should help push up ZECBTC.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.