BINANCE:ZRXBTC   0x / Bitcoin
Hey guys,

I feel the need to give you an update on ZRX.

A small support has formed at the 14.8k levels,which has been confirmed 3 times.
No matter how this plays out,we got a bear flag forming on the 1h candle chart,so i'd recommend you to stay out of ZRX for a while,unless you are already in.

You should also use that purple line as a strict stop-loss point,if you are already on this trade.

Cheers!
Trade closed: stop reached
Trade active: Guys it looks like we are about to break out of the parallel channel.I suggest placing an alert at the 16.5k sats level and get ready to buy.If the breakout is confirmed,the uptrend will have roughly the length as the flag pole.
A bearflag on the hourly, a cup and handle on the monthly, a falling wedge on the four hour, Bull flag on the 5 minuts and Bullshit on the weekly. Bounce up from the 50 day EMA. Short term in a rising channel. Lower high's on the daily.

I am in and I stay in :) Unless it forms a double top at 17500 than I set a stop on 16700 .. Unless I see bull volume come in on the 4 hour.

Cheers!
Reply
The_Sparrow dutchman68
@dutchman68, Yea looks pretty bullish,but please keep an eye on the death cross that might that place in case of a downtrend.
Reply
dutchman68 The_Sparrow
@The_Sparrow,

Dead cross? on which time frame? Or you mean in MACD?
Because that is what I ment. You can make it bearisch or Bullish by looking at other timeframes or putting a line half a centimeter different.

One can put a line from top to the last lower top and say it is still in a downtrend.
Another one draws the same line to the former last top and say we have broken the downtrend resistance line.
Reply
The_Sparrow dutchman68
@dutchman68, Thanks for pointing this out.By ''death cross'' i mean the red line (200MA)getting over the 30 and 50 MA's (yellow and blue).
This signal of the MA's is supposed to be analysed on bigger timeframes,such as the 4h candle chart.
In this case i totally forgot that the graphic shown above was on the 1h candle timeframe,so the MA's can't really be analysed successfully because of the price fluctuation.

I apologise for this,it's my mistake.
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Hello
Good to see u here

Well I wanted to go in at 000141
I didn’t

I am still full of BNB :)))
Reply
@meveme, That's ok.As soon as BTC is gonna start growing consistently again we are going to see more people put money in these markets.

In gambling,the casino always wins.Same goes for crypto trading-exchanges will always register profits.

Don't forget Binance is the nr 1 exchange out there ;)
Reply
meveme The_Sparrow
@The_Sparrow, good go man :)))
I did switch some to zrx
I entered at .00014872

Let’s see

Good luck w casino

Black jack is a GO :)
Used to play at falls casino Niagra Canada
And in St.Martin :))))))
But for now crypto is enough for me

Cheers :))))
Reply
@meveme, :))

That's an ok entry point of ZRX,mainly because we returned over the purple support line.
If this was a ''false breakout'' below this support,this is a bullish sign of an upcoming uptrend.
Reply
meveme The_Sparrow
@The_Sparrow, yes I saw ur chart
Good call man
I could have entered at 000141 which is .95 usd. But I had a look and I thought would have come down more

U know what u r talking about :))))
An old say
Never marry your coin
That was where I did wrong 3 days ago
I should have exited BNB when I was at 13.40+

Live and learn I guess

We will see now
Waiting :)))))
Reply
@meveme, Yea i know that saying....I found out about it after i did that mistake as well.

I've done a lot of mistakes in the trading market.That's why i am here,posting charts,after all:to help others learn what i learned,without losing the money that i lost in the process.

Patience is key in this market.Just wait and see how the volumes will blow up as the BTC ETF deadline gets closer.
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