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Binaryless
Mar 23, 2019 7:37 PM

ZRX in Accumulation Zone Long

0x / BitcoinBinance

Description

This is a multi-month trading set-up.

- Potential accumulation pattern on chart
- 0x team will supposedly start a discussion around adding / testing more utility cases for ZRX token.
- v3.0 release in ~September 2019

Comment

Testing support at 7k sats.

Comment

Comment

Mistakes with this trade:

- I jumped into this trade too soon, around 6.5k sats.
- Assuming ZRX's success is highly dependent on the success of ETH; It makes more sense to wait for ETH to claim its ground against BTC, before longing ZRX. From this perspective, trading some highly ETH dependent tokens (like ZRX) only against ETH (not against BTC) might make more sense.
- I am still in the phase of transitioning into "trader" mindset from an "investor" mindset. I did not set stops, due to my investor mindset.

What to do next?
- I'll watch 0.0017 ETH support closely and decide depending on the PA.
- Keep learning.

Comment

So this is where I should have entered this trade, I guess.

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