Even though the chart is ZRX, I believe this applies to all of the Alts. Investors are anticipating an ETF on BTC in September, and if it comes... Boom! Bitcoin liquidity is improving, although this is happening at the expense of the Alts... or is it...? Alts have broken down bearish, but in the long run, it will all work out. I believe: BTC rapidly heads...
So everyone is drawing the same triangle on a LOG SCALE but if you look at it looks too tight, and with a head and shoulders about to breakdown, try drawing the same line on a linear scale (non log) and add a fib, its a perfect 0.5 bounce
zrx is completing HCH by breaking neck support and he's looking for his natural trend line and forming divergences everything goes depends on btc -0.83% let's hope that BTC -0.83% reaches 5.8k and we recover .. greetings friends We are in the second investment opportunity .. (in your -1.34% life) just hold a little bit more. greetings and many successes
BINANCE:ZRXBTC is forming a head and shoulders and passing rsi support, btc dominance is at year highs which means there is not a lot of money coming into alts so a dip here on all alts would be likely at such high levels
Same analysis as my last ZRX/BTC trade Except this one came to fully test the main trendline Markets dropped 15% today. "buy in the red, sale in the green" "be greedy, while others are fearful"
#BTCZRX now resting on the long term support line. Bounce here or fail?
ZRX to (hopefully) 0.002 or $25. Breakout and re-test this triangle before December. Then 10x to 0.002 during alt-season (Dec 1st to Jan 31st).
As the market goes down, ZRX tested the 0.782 region of the fibonacci, and has been holding around this área, however I believe it is crucial for us to test 0.69$ once again! Indicators show bearish signs which can be na sign it will go to 0.69$.
ZRX has withstand all the FUD, and corrected in quite a technical way. It is surely at a crossing point, and it could be decisive. It has held clearly longtime to an ascending trendline drawn from the start. It could eventually shoot up from here too, but if it fails... that should be a total wipe out. Very interesting Similar to Stellar.. but better
......and the other ALTs I am stupidly still holding (because I fell asleep for 20 hours after being awake more than 5 days and nights :-) ) are close to capitulation.
Looks to me like ZRX is working its way to the apex of this triangle. I think we should see a nice rally up! Reasons marked on chart. SL tight because BTC crazy. Good Luck!
Hello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins. I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile. After 23 days and 36 completed trades:...
Profit target: - 15300 Sats - 16000 Sats - 17000 Sats
Ive been watching 0x (ZRX) with some interest since Coinbase announced this was one of the coins it is considering adding last month. 0x has been performing really well compared to the rest of the market this past month. Currently, it is holding at the 200 day moving average (on the 0x/btc chart). If this triangle formation holds, expect 0x to go to the...
STRONG BUY IN THE GREEN ZONE retesting long term trendline red retesting .23 fibo on micro cycle (circled) retesting 1.00 Fibo on the macro cycle (circled) GET IT!!!!
ZRX is going to restest the long term trendline (red) and is going to restest the .238 fibo of its micro cylce which lines up perfectly the long-term trendline (red) And Is going to Restest the 1.00 Fibo of the macro cycle. STRONG BUY!