Gmanns777

Zcash: Bullish BAT = entry into 9:1 R:R trade

Long
KRAKEN:ZECUSD   Zcash / U.S. Dollar
Zcash looks to be heading back to a missed central pivot from 2 weeks ago. It is also in the final part of what appears to be the C D leg of a Bullish BAT . Is that is the case entry will be at D (between 78.6 &88.6), this will give a very healthy risk to reward as D will then become / could become the C of a much bigger BAT pattern in which case I will trade that CD leg to the upside.

Comment: Zcash seems to have made a C (higher than i expected) and is on its way to D at 78.6 or 88.6 to complete the BAT pattern.


The last 4hr bar low to high is circa 42% this is clearly bullish so pattern is looking good.
Comment: ZEC is really moving nicely... B was taken out yesterday and 61.8 is coming up next.

I wonder if 78.6 will happen this week?

Comments

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