We are still working in the 3000-5000$ created back in September 2017. So far we have failed to reached the top of that range and I'm quite positive this is where BTC wants to go in the short term.
I predict distribution at the top of the range. We will then most probably move on to a lower range 2000$-3000$. This will represent the best time to buy. Set buy...
BTC Forcast for the following months: Boring sideways inside the blue triangle.
Altcoin forecast for the following months: Bonanza!
I predict the whales will keep BTC stable and inject capital in all the shitcoins. They will make a killing pumping oversold coins and selling to suckers.
Once we get to the main resistance line (red), they will use that fresh BTC...
Ever had the feeling of being like "These lucky bastards were able to buy that freaking low. If I was around back then, I would have done the same."
Well now is your chance.
We are in accumulation zone, below our weekly range low. We have pierced the weekly range low on 2 separate occasion on high volume. Got rejected? Sure. But we were able to maintain our...
Support is provided by:
- 200 weekly moving average.
- Previous 2 bottoms.
- 0.786 Fib retracement from the last main bullish impulse.
We are ginding the trendline that acts as resistance.
Volume is picking up on other exchanges (see Binance).
This is a follow-up on an idea that I published at the beggining of december 2018
I still think this is valid and we are now at the beggining of phase C of the Wyckoff accumulation (imgur.com)
We are creeping up against the resistance but will eventually...
4hr stochastic is capped which suggest the end of the bullish momentum. There is a clear bearish divergence between the Stochastic RSI and price action that suggests bearish continuation.
My trade setup: This corrective bullish wave will be followed by a violent bearish wave that will invalidate the inverse H&S.
My long term plan can be found here:...
Supply zone at about 0.00011 is a strong resistance.
On the weekly chart, we see some inverted hammers at the resistance zone. Weekly Stochastic RSI indicates that we are at the end of the bullish momentum. Give it a week or two before it breaks down.
Diagonal support (purple line) is bound to break at some point. Profit target are indicated on the chart.
This is such a strong support for the 4 following reasons:
1: Support on the Weekly 200EMA
2: Support on the 4.236 Fib extension from the previous bear market.
3: Support on the 0.786 Fib level from the last bull market.
4: Obvious volume spike.
If this does not hold, nothing will.
I fully believe in ZEC to have a bright future in the cryptosphere. This coin is, from my point of view, the best coin to invest in at the moment.
I'm expecting to reach the target in the long term. I will, however, be trading the swings to maximize my ZEC stack until then.
I'll be updating my trades from time to time based on this main chart.
All the best.