I have been watching ZECBTC
closely waiting for it to finish it's wave 4 heading to it's 5 wave that would also match an outer weekly 3 wave. The question now is with BTCUSD
on a bearish
market for at least 16 days, will ZEC run on it's own or just engolf and follow BTC
like the other alts ? This paradox for this long period on crypto, chances are one of the two is wrong and usually alts follow BTC
and not the opposite. Anyway, the setup is there, if the ZEC crosses the MA and stay stable above it going upward into the 0.236 Fibo, main resistence, I am going to enter the market with a tight trailing stop, so if sometime ZEC engolf following BTCUSD
we get out with profit or not. The first target is the 0.786 Fibo !
So I am publishing the setup, and it doesn't mean I am already positioned in the market, soon it gets a confirmation I am going in.