1. Golden cross marked with a red eclipse and green arrow
2. Broke immediate
3. Buy orders stacking up on Bitfinex BIDS: (828.4876 ZEC) vs. ASKS: (129.1559 ZEC)
If it goes over the previous high after a recent dip (marked in red horizontal line @ $473.41), we can see up to 20% increase in price from there (5 to 10% on a conservative side).
Disclaimer: I am not a financial advisor, and information I post is for educational purposes only.
We are going up...
Still more room to go up...
However, due to the fact that CME bitcoin futures termination of trading happens tomorrow (Friday) at 4pm London time, and since I am unsure if and how is this going to have an effect on the price of Bitcoin (we all know that when Bitcoin sneezes all the ALT's have a heart attack:), I am going to close this trade to lock in some profits.
I will of course continue to monitor ZEC, but I will publish a new idea for some mid to long term trading signals.
Please follow me for more trading signals to come soon.