Super bullish on Z-Classic. In my last chart I suspected a bullish ascending triangle, however with more data I believe it could be building a pennant now.
ZCL/BTCP snapshot date is 28-02-2018. Holders of ZCL will get 1:1 allocation of BTCP (Bitcoin Private) during the upcoming fork. This will fuel a massive pump I believe, most likely followed by a huge dump after the snapshot is complete. We have seen similar things time and time again in BCH, BTG, and NXT for example.
I've been doing research on the Z-Classic team, product etc and they seem solid, as does Bitcoin Private.
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Pennant still intact. 3 weeks until snapshot.
Trade ist aktiv
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Trigger is now @ 0.0124. Big upside after a close there.
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Are you adequately prepared for what comes next?
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I want to remind everyone that this is a HIGH RISK/HIGH REWARD trade. There will most likely be a big pump in the coming weeks followed by an equally large dump. It is very important that you have a strategy in place for this period of time. If you just want profits from this pump, then take profits as we move progressively upwards. If you actually want to hold BTCP then figure out how much you want.
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This is a case study of NXT that I did with identical time periods. This exact pattern pay not play out, but it could, so be prepared. Also note that the dump occurs well before the snapshot.
Trade ist aktiv
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The beginning of the pump or another fakeout? I'd love to see more volume tbh
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Seems legit. Still looking for more volume, but I'm willing to call this a confirmed breakout. Now let's gooooo!
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Now we're cooking with gas! 2 weeks until snapshot.
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This is what you want to see right here, building strong support on previous resistance!
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Let's goooooooooooo
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Houston, are we ready? Affirmative, ready for take off.
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Buy orders flooding in. An additional 60 BTC in the past 10 minutes
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I don't think the real pump has begun yet. I expect at least one more big push before the snapshot. But be wary up at those heights because the decline will be equally rapid.
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It's possible there is another pennant forming
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If this is indeed the case it could break around the 24/25 and pump hard until close to the snapshot.
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Okay the second pennant theory is broken. But I still think we will see another pump before snapshot.
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Let's see...
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Wow. There is 93 BTC buy orders waiting @ 0.012 - 0.0125.
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The real pump will begin when everyone thinks it's over ;)
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Strong reversal on the median line of the downwards pitchfork. If we break out of the pitchfork it should moon hard
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Possible bull flag. Wait and see...
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The price has closed (on the 4h) outsie of the downwards pitchfork. This is a positive sign for more upwards movement. Could retest the barrier before more upside.
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Last night we saw a strong move up to 0.0142. Now we have dropped back down and are testing the top of the downwards pitchfork (this is why we use stop losses). It is essential that the price stay above here. Some exchange support would be VERY helpful right about now.
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Possible, but we need exchange support announcement ASAP!!!
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Mini inverse H&S. Just add exachange support.
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If you haven't already, move your ZCL to a wallet where you hold the private keys. I'm using the ZCL Electrum wallet.
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To be honest I think Bittrex has royally fucked up by not clearly announcing that they won't support this fork. I can see a mass exodus coming, which is a pain in the ass because it's my favourite exchange.
@Brisben, I figure in 2 to 2.5 weeks the 50D ema is targeted on the 200D ema...from the 19K high, we've had 6, 10, and 8 day pullbacks. 31%, 35%, and 41%. In between those drops, it ran for 14 and 11 days at 31% & 7% respectively. Currently on a 4 day 23% run...so run until that 2-2.5 week 50-200? idk. But would give enough time for this ZCL to play out :)
AlwinGoutham
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This is my TA with same target.But it has to close above 0.0148 for big moves.