I have been watching ZECBTC closely waiting for it to finish it's wave 4 heading to it's 5 wave that would also match an outer weekly 3 wave. The question now is with BTCUSD on a bearish market for at least 16 days, will ZEC run on it's own or just engolf and follow BTC like the other alts ? This paradox for this long period on crypto, chances are one of the two is wrong and usually alts follow BTC and not the opposite. Anyway, the setup is there, if the ZEC crosses the MA and stay stable above it going upward into the 0.236 Fibo, main resistence, I am going to enter the market with a tight trailing stop, so if sometime ZEC engolf following BTCUSD we get out with profit or not. The first target is the 0.786 Fibo !
So I am publishing the setup, and it doesn't mean I am already positioned in the market, soon it gets a confirmation I am going in.
So I am publishing the setup, and it doesn't mean I am already positioned in the market, soon it gets a confirmation I am going in.
Trade attivo
ZEC is running on it's own so far, expecting resistence only on the last high, which almost overlap with our 0.236 Fibo:Trade chiuso: stop raggiunto
Trailing StopNota
This setup is still valid despite my risk management trailing stop got me out. If market get better on BTCUSD !Trade attivo
Just to note after touching the MA from the upside ZEC is rocketing with some relief coming from BTCUSDNota
BTC is facing 1H timeframe MA50 first shot, while there is an inner 5th wave here looking complete, so If you are not IN, wait because the market can still resume bearish:Nota
The green line is the 0.5 Fibo so a reversal here is basically a short signal !Nota
ZEC is playing nice so far, we are now on the same level of our point 3, almost inline with a 0.5 Fibo and outer 0.738 Fibo which means ZEC got a little shy at first:Nota
ZEC is preparing to break out of the point 3:Nota
right chart is here:Nota
There is still 10 days of 15 and it is almost on the 0.786 Fibo (0.054415) which might match BTCUSD hitting 9.4K them we might got a correction and either complete the full extension of the 5th wave of engolf in the case BTCUSD get very much bearish:Nota
ZEC is looking like started its correction:
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.