WyckoffMode

ZENBTC - Bittrex - Expect Reversal Within the Next 4 to 12 Days.

BITTREX:ZENBTC   Horizen / Bitcoin
Feel free to click the icon below the bottom right corner of this chart to "Make it my own" to follow this "idea" as things play out.

I copied and pasted two charts below a few comments for easier viewing of the charts the way they were intended. Trading View's platform scrunches up my cover chart of every idea I post.

I kept my call "Neutral" for now because of the number of days remaining before expected reversal. Those with large capital who require more time to accumulate the ZEN they want to accumulate may want to begin accumulating now. We just began another 4-Day candle today. Hence the reason for the 4 to 12 more day prediction for reversal if you have a look at the 2-Day and 4-Day charts below.

I'm NOT applying Wyckoff schematics to this pair. Why? Because the price action of ZENBTC is TOTALLY DEPENDENT upon what the price of BTC does in US dollars. The fact of the value of BTC in US dollars has a diverse affect on the value of ZEN in BTC makes Wyckoff analysis on this pair mute. Yes, a Wyckoff schematic can be applied. However, each event would occasionally go outside of norms.

It's quite obvious ZEN is still in the process of accumulation with how transparent the trading range has been since October, 2017. Remember, ZEN was "NOT PRE-MINED." Which is all the more reason for us to be in accumulation. Once large operators have accumulated enough ZEN to pump us up with an Up Thrust to much higher levels, we can then begin to use Wyckoff Schematics that would be more meaningful.

Phoenix A.R.I. (Alternate Reality Indicator) is "not" included in the cover chart. It will be available in the future <without the source code> to paid subscribers of a crypto trading service I may work with in the very near future.

2-Day TF:


4-Day TF:




Disclaimer:

The information contained herein - which includes ALL charts I provide on Trading View or any other platform - is for information purposes only. None of my charts and/or comments should be construed to be financial, trading, legal or tax advice. The content in my "ideas" and the comments provided by others in visitors comments section is solely "opinion" or "ideas" of the writer/speaker who may or may not be a licensed or registered advisor.

Purchasing crypto currencies can pose considerable risk of loss. I nor those who comment herein do not guarantee any particular outcome. Past performance does NOT indicate future results. The ideas presented in these charts by me or visitors is NOT an offer to sell securities. It's simply giving "ideas" on how a particular crypto currency and/or token may or may not perform.

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Comment: ZEN's 2-Day Time Frame still looks awesome for a good upside move between now and mid August. The Blue LSMA is very low with plenty of room to climb up to the 80% level or higher. We will keep our eyes on it as time progresses to see if the Blue LSMA actually makes it that high in the 2-Day TF this trip upside.

Comment: 360m (6h) TF: It's highly likely this is the LAST dip downside before liftoff.

Comment: Note the Blue LSMA has room to come down. Also, the Stochastic RSI with Phoenix ARI both coming down. This 6 hour candle has 5.5 hours remaining. Reversal should begin in approximately two or three more six hour candles after this one according to the 360m TF.
Comment: 2-Day TF:

Comment: 2-Day TF looking good with the Phoenix ARI now neon Green color and moving upward.


If you are looking for entry, you may want to wait till the next dip. Ignore the lines I've drawn in the indicators on this 12h TF. Those lines were drawn in the 2-Day TF. I'm showing the 12h TF to show you a dip should be coming soon if you have not made entry yet. So, be patient and don't FOMO in.

Comment: To be clear, I'm not certain how far it will drop. My lowest point (identified with the green color) is as low as I believe it could go but does not mean it will go that low.
Comment: I'm still leaning for us to make it up to at least the 0.786 FIB @ 0.00457117 BTC. Also possible to go all the way up to the 1.0 FIB at 0.00553000

Comment: The previous chart was the 2-Day TF. This one here is the Daily (1440m) TF: Note the yellow boxes identify historical data within Godmode and what could potentially occur locally over the next several days with a dip then a rebound further to the upside.

Comment: One more chart for today on ZENBTC. Have a look at the 4-Day TF:

Comment: Made some alterations to match time-lines in this 4-Day TF:

Comment: ZEN is now HORIZEN to reflect it's much more than just a currency. They rebranded... Here is the HORIZEN (previously known as ZEN Cash) Bi-Weekly Update that's titled, "ZenCash Live Stream 22 Aug 2018 - Brand Expansion Reveal." Be sure to start from the beginning.

https://www.youtube.com/c/ZenCash/live
Comment: Some FUNDAMENTAL ANALYSIS below:

Why expand the ZenCash brand?

After a more than a year of rapid technical, commercial, and community development, ZenCash’s mission and vision have grown significantly. It became important to the project team and community to reflect this growth and refined strategic thinking in the branding.

Introducing Horizen:

The new name, Horizen, reinforces that the project is forward-thinking and visionary and will broaden the horizons of what the community can accomplish in the world using the platform.

Horizen is a technology platform that provides everyone with privacy and complete control of their digital footprint. The expansion to a leading-edge platform enables real-life uses beyond the ZEN currency, including the ability to privately chat with others. Soon, Horizen will enable users to publish information and go anywhere on the web, with complete privacy.

Horizen is working toward the day when anyone will be able to build privacy-based applications on the Horizen Platform and generate income from them. This will allow Horizen to bring thousands of real-life services that offer people the freedom and everyday utility unlike anything ever available to them before.
Comment: More FUNDAMENTAL ANALYSIS:

ZenCash, now rebranded as Horizen, is evolving and has decided to expand and further develop with insights from community members to strengthen its mission to promote the fundamental human right of privacy worldwide.

The blockchain platform for borderless, decentralised communications and transactions was launched in May 2017 along with its cryptocurrency Zen.

READ MORE: What is a cryptocurrency wallet?

The rebranding is aimed at more accurately and efficiently reflecting the significant technical, commercial and community developments the firm has achieved. Its token Zen remains unchanged.

ZenCash has evolved:

“The ZenCash project has greatly evolved since its inception more than a year ago, and it’s now time to expand the brand to more accurately reflect its mission to promote the fundamental human right of privacy worldwide,” says Horizen President and Co-founder Robert Viglione.

“What initially launched as a privacy-focused cryptocurrency has transformed into a much broader and competent platform that will host a variety of privacy-focused applications, including secure messaging and publishing.”

Ownership of your personal data:

Horizen’s Mexico and Latin America lead Angelica Villarreal explains to Coin Rivet in a telephone interview that “the brand expansion will enable real life uses beyond peer-to-peer transactions using the Zen cryptocurrency, including censorship-resistant publishing, the ability to build privacy-based applications, and the ability to generate basic income through ownership of their personal data.”

What’s the difference between decentralised & centralised cryptocurrency exchanges?

Villarreal adds that Horizen will increase its attention on its product offerings to include an on-chain treasury voting system and side chains with smart contracting capability. She says the system has been designed to allow community members to vote on issues such as resource allocation for projects.

“I believe one of the most amazing things about Horizen and its products is that it gives back control of your life to you as an individual,” Villarreal states. “It’s not until you understand and use crypto that you learn how useful it really is and how important it is to have that control.”

More R&D from Horizen:

Horizen will continue to research and develop new products such as a ZenVault wallet, blockDag protocols to increase scalability and ASIC mining resistance significantly.
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Comments

how high might she go? $1000+?
Reply
WyckoffMode Dashtothetop
@Dashtothetop,

ZEN was never pre-mined. Just like ZEC was never pre-mined. However, ZEN is MUCH, MUCH, MUCH BETTER than ZEC. WHY? Because it's not just about currency. It's also about messaging with privacy and complete control over ALL YOUR DATA by keeping private what you want to keep private and selling your data if you want to other people. ALSO, ZEN will set the precedent for SCALEABILITY for all other coins with it's basic nodes and super nodes along with POW (Proof of Work).
Reply
WyckoffMode Dashtothetop
@Dashtothetop, It will still be a while yet before $1,000. Mainly because we still have a LOT of coins yet to be mined. We're still in the "accumulation" stage before we begin to leg up to over $100; then up to $300 the next leg up. ZEN can easily be 15 to 20 times it's value a year to year and a half from now.
Reply
you're fuckin amazing bro!
Reply
WyckoffMode Dashtothetop
@Dashtothetop,

If you have some spare funds laying around looking for a home to sit patiently and increase in value over the next 1 to 1.5 years by 15 to 20 fold, this would be the coin for that. ZEN is not a shit coin. If we had an economic collapse, ZEN would be one to certainly survive it with no problem.

ZEC has lost its way with the community. It has sold out to ASIC's. ZEC is also centralized to a degree. ZEN is totally different in that it has a voting system for the community very similar to DASH. The COMMUNITY decides the direction ZEN goes, not the developers. Yes, the developers had a hand in deciding what ZEN would offer in the beginning but they designed it in a way to make it as decentralized as possible for the future.
Reply
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