ZEC is in a perfect setup in my opinion. It is gaining momentum and looks like it will break out of this correction channel. I would expect it to burst above $100 to $115 or so then correct down to touch the top of the channel trendline area, then burst again above to possibly $300 or higher. Very good time for ZEC holders.
@cardan6006, for now watch how the correction plays out, assuming possible pump in august
mightytrader
⋅
@cardan6006, @lemonsandshade - ALSO: Don't listen to the hype about Bitcoin dominance. True, the ZECBTC chart is NASTY and it can keep going down further... (I doubt it but structurally it's very nasty and has been for the past... 1.5years).
However, the key is CONSISTENCY. If you want to trade Bitcoin pairs for more Bitcoin, then have a strictly separate account for trading strictly Bitcoin against all other cryptos (and do NOT account for Bitcoin against USD with this account... Have no concern AT ALL for BTCUSD with this account; afterall.... long term Bitcoin is going to $1,000,000..... right?? ;)
Then have another account where you exclusively trade crypto against USD.
Don't mix them up. You will lose money if you do. It's just another trick for the Big Players to overload your mind and follow THE HERD.
And I am telling you... ZCash is BUY against USD. I bought MOAR since yesterday and today! =D
mightytrader
⋅
@cardan6006, Keep buying. Perfectly normal. ZEC is in a bull market. It has uptrended since its $45 low earlier this year. Don’t sell a winner and don’t trade low 4hr timeframes.
When it pumps, it will be violent and with force. Whales are just accumulating. Don’t use a Stop for such a great coin as Whales will take your ZEC in these highly illiquid markets.
lemonsandshade
⋅
@mightytrader, Great advice. To me this isn't a time to trade for tiny wins. Just accumulate.