WyckoffMode

Zencash / Dollar (Calculated by TV) - Bittrex

WyckoffMode Updated   
BITTREX:ZENUSD   Horizen
Pasted again below for easier reading of text bubbles and proper presentation of chart the way it was intended.

Richard Wyckoff Accumulation Schematic in the following 1440m (Daily) TF chart:


Information about Zencash: zensystem.io

Here is an image of a Richard Wyckoff Accumulation Schematic: imgur.com/945poSJ It's IMPORTANT TO NOTE the price action does NOT have to play out EXACTLY the way it's depicted in the Schematic by Wyckoff. It's ONLY an example of POSSIBLE price action within the schematic.

Here is a link with further information on the EVENTS TO OCCUR WITHIN THE SCHEMATIC. It was put together well in a short synopsis of Wyckoff Schematics: stockcharts.com...school/doku.php?id=chart_s...

Books by Wyckoff can be found here. However, make sure to scroll down till you see the name, Richard Wyckoff. MANY other books on trading can be found here as well. Excellent source of trading material FREE online: www.traders-software.com/Trading Books/

An excellent video to start with on teachings for Wyckoff by David H. Weis can be found here: "David Weis on Wyckoff, Support/Resistance , and Waves" - www.youtube.com/watch?v=uzISUr1i...

Charts with indicators will follow soon.

Comment:
Keep in mind these TESTS are in regards to Buying IN PHASE C (When it's obvious the market is about to enter a Wyckoff Spring and therefore considered a "Trade of Least Resistance." We have not made it to Phase C yet in my opinion.

Comment:
360m TF With Indicators:

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12h (720m) TF:

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1440m (Daily) TF:

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Keep in mind; THIS IS ZENUSD "NOT" ZENBTC - 360m (6h) TF:

Comment:
Comment:
It's been a while since I've updated ZENBTC. So, I wanted to provide a halfway decent update from the Daily to the 4-Day Time Frames.

I still have a LOT going on with my mining room remodel. I'm about to get back to it for the remainder of the day. I simply wanted to provide an update to show those who follow in the future what kind of updates one can expect daily on crypto pairs I monitor.

Also, when my mining room remodel is completed, I'll have more time to cover more time frames. Meaning, there will be many times I provide TA from the 240m TF up to the 4-Day TF. Sometimes as high as the 7-Day (Weekly) TF.

Daily (1440m) TF:


2-Day TF:


3-Day TF:


4-Day TF:

Comment:
The reason ZEN is more than likely going up at the moment:

Binance will open trading for ZEN/BNB, ZEN/BTC and ZEN/ETH trading pairs at 2018/05/23 05:30 AM (UTC). Users can now start depositing ZEN in preparation for trading.

support.binance.com/...rticles/360004160491
Comment:
2-Day TF:


4-Day TF:


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