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SUMMARY
The JAWS of WEALTH expected CHOMP CHOMP CHOMP on ZEC!!! The Cup & Handle is nearly complete and you know what comes after that...an impulse to take prices to $1,100. I've always thought that ZEC followed DASH and so it just might do it again!
The ZEC/BTC pair chart below is NOT a Cup & Handle. The handle has gone too low and has fallen below the lowest point of the CUP. It's more of a standard a,b,c correctio which is almost done!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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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.**
Resteemed and upvoted.. would trade my ZEC today for eth for sure eth is my sore spot currently and unsure if I can hodl any much longer thru this ..'correction' (must be almost time for buyers to come back.. diversifying into eth a few weeks ago- big mistake so far. This is prolly me calling a bottom.
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Luckily My ETH position wasn't really big. But I bough NEO at $39 and HODL while it was going over $42 and then it crashed. At least I get some GAS. so that's something.
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I got screwed except for WTC, EOS and STEEM
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I've come to learn the importance of selling your coins after prices shoot up in a smaller coin. BAT and NEM had some excellent gains and now they've all gone. I've had some gains with SONM but a portion of the profits got wiped thanks to my HODL. I had eyes on ZEC and after @haejin's call I got while it was around $303.
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I scalp profits on the smaller coins to either buy new ones or feed my hodlers (EOS, BTS, DASH)
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Consider adding NEM, BAT, WTC to the list. Just research them for a while. I actually wrote about WTC and IOTA few weeks ago. You can start there if you want: https://steemit.com/cryptocurrency/@vimukthi/iota-and-walton-chain-investment-analysis-and-comparison-it-s-not-a-competition-it-s-disruption
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I've always ended up under selling my coins during a surge. Simply hate that fact. So I ended up deciding to HODL through everything. However, the Neo episode (bought at 31, didn't sell it at 52!), now puts a question mark to the HODL plan too.
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Currently I think the best way is to check the news and if you don't find anything massive and price has gone up over 10% sell half your holdings at the sign of a dip. I'll have to see how well this strategy would do in the long run.
Let's just wish ourselves massive profits.
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Even in larger coins. Look at BCH
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Not currently finding the faculty to track and trade the waves of all I would like to hold. Not sure anyone can currently determine a timeframe on this evolution? So just trying an 'accumulate- diversified portfolio' with limited-trading between majors to moderate valleys and peaks.. increase e to the x.
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Wont it be profitable to convert crypto into some currency with lower market capacity????????? bitcoins are making so mucg progress right now all for what coz it has only 21 million market cap max... if u invest into something into even lower market cap then today or tomorrow u can make way more money...plus bitcoin mining is becomng so expensive now that unfortunately people will lose interest i think investing into btc wont be the best option u hv right nw better go fr monero dash or zcash fr long tm investment
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This gives some hope, I bought ZEC a few months back and have been waiting patiently only to see it get REKT again and again! Hope it bounces back and makes some gains. Thanks for this
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This is very interesting to me. I didn't notice the cup and handle and so I plotted out a price projection based on Haejin's method using an ascending right triangle and matching parallel line. Lo and Behold! Same target $1100!
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Congratulations!
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Love you for this. I bought truckloads of ZEC yesterday. Saw the price fall immediately after that.
This update gives hope.
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Its BTC making everything bleed.
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Everything is on sale. BTFD
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Got rid of cardano, hopefully this one will get me out of trouble.
Thanks master, another well deserved upvote.
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hey guys any advice for me where i can create a safe ZEC wallet where i keep the private key? same like blockchain.info and myetherwallet.com ? thanks for any help :)
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Ledger Nano S is your best best, it's a cold wallet and one of the most secure methods of storage.
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yes but if not mentioning a hard wallet, i was thinking the 2nd best where i do keep the priv key. but thank you for your input, any help or advice is always appreciated.
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Thank you very much @haejin.
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About time, Zcash has been my worst hold besides Ripple. Wooooooo thanks Haejin
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Don't say that man. I've been getting screwed by ripple for a long time. Recently bought zec. Can't afford it going the ripple way..
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Hello and thank you for the tutorials! All of them are very helpful!
Could this be a cup and handle formation? https://www.tradingview.com/x/ErwKS1vL/
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