SUMMARY
ZCash (ZEC/USD) belongs to the Cup & Handle species. The below chart clearly outlines the cup pattern and the handle formation. Price has been meandering within a horizontal channel and I project that won't be for much longer as shown by the blue Elliott Waves that will reach for the $1,126 target.
Now look at the chart below for STEEM. Many are frustrated with STEEM, many are angry because they had bought STEEM at a higher price. They are not looking at it correctly. They remain uninformed and thus likely to succumb to their emotions! Technical Analysis will help you with controlling your emotions. The below chart is almost identifcal to that of ZEC. It matters none that it's taking it's sweet time. Let it! STEEM is set to explode UP but in its good time.
Back to ZEC. The below chart outlines the resistance levels (blue lines) which I use to determine the landing points of my Elliott Waves for price pathway. Many forget to utilize the horizontal resistance/support lines and only use the angled trend lines. This is a mistake as the horizontal lines are often more valuable. Note how the waves touch and get repelled by the resistance levels and then breach to be repelled temporarily by another resistance. The video explains this much better and in detail.
Here is a chart of the ZEC/BTC pair. Of course, the power of combining Chart Pattern can't be forgotten as it makes Technical Analysis a powerful algorithm. Below shows that while the ZEC/USD patterned out the Cup & Handle, the ZEC/BTC hass just completed patterning out the Bullish Downward Pointing Symmetrical Triangle! The "sepciation" of Altcoins is becoming a fascinating phenomena! They either land Cup & Handle, Symmetrical or Jaws of Death. Some even interbreed and combine these...fascinating for any zoologist looking to see crypto coin species evolving in real time!
The Zec/BTC pais has breached out of the upper triangle line and is set to rise very high towards 0.1804 BTC!!
Those who are about to profit MASSIVELY from ZEC...I SALUTE YOU!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Bitshares suspension of deposits and withdrawals @Poloniex.
Who didn't see that coming? Bitshares is the resistance to centrally controlled crypto exchanges. It is going to be MASSIVE!!!
massive people massive and all you need is a few bucks and a lot of patience... try its fun
Great job again!Set up buy ladders..... have them filled.......hodl.........profit....practice patience........ be rewarded.......help your none crypto friends.........thank haejin.......ps....go bitbean
interesting analysis
it's time for zec now :)
Do you think it’s bullish enough?
It's a real anonymous coin and i think of zec as bitcoin 2.0. So I'm just hodling zec for now and wait and see :)
Upvoted Haejin.
Check out my post, maybe it is possible to start pushing the "Bitcoin Idea" out of our lives.
https://steemit.com/bitcoin/@melip/the-bitcoin-game-of-manipulation-dare-to-think-outside-bitcoin
Well done article. All these meddling around is only possible because BTC is a tragedy of the commons. It's the Achilles's heel of Bitcoin; Nobody is in charge. That's why I'm always going nuts for Governance coins and DPoS. Future is built on decisions. Somebody should be given the incentive to make good decisions. From my experience, Dash does the best job at this. Dash will never fork. It has no reason to fork.
😘
EW.JPG
upvoted
may be this interests you
https://steemit.com/cryptocurrency/@allthereisislove/how-i-made-a-near-100-profit-on-dash-in-10-days
thank you for your time
thank you, Haejin! any chance for an update on Spreadcoin?
dude, btc might break towards 7000$++ and this won't mean anything. Do you take this in consideration?
I'd trade the range and then get involved with a larger position on a breakout pullback to the high end of the range.
However, how does the recent rally... and now volatility of btc affect your decisions with a trade like this?
I appreciate the explanation of how you label the waves using support levels and resistance levels... nice tip....BTW your BTC update video is not available.
Thank you very much
All looks good till I buy it. Then it'll fall and i'll wish I'd bought something else. Not having a good time trading in crypto. Think I should lay low on Steemit and write blogs all day..haha
Zen cash looks like a good play!
BTS EOS ZEC XVG <3
Thanks H!
Does your forecast of 6600 by spring hold?
Good afternoon, can you do an update on your 4 ETF's you setup a couple weeks ago? I believe you were going to do a weekly update. Thanks!
Haejin bro I love can you also like estimate how many days it will take or is that too far fetched?
the main guru in the trading room im learning in has just said he is accumulating Zcash now and expects it to soar
Few weeks ago you were very optimistic about Zcash. Then the goal of the prediction was around 6000. This time the goal is more realistic but the question is when this will happen? When the Bitcoin price hit the 30,000? This is the power of the Elliot Waves? You repeat the prediction every month until the coin start to rise? This is only funny to me? :)