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Zcash: Magnetic Forces

BITFINEX:ZECBTC   Zcash / Bitcoin
Magnet of support to bounce ZCash higher, attracting it to resistance levels. 4X profits from former low @ 0.12BTC?

Take this crude chart at face value. This is unconventional use of Gann Fans. These Ganns are lined up breakout to break down on the Moving averages 7, 77, 231. Red is resistance top down and green is support bottom up. The Fib levels are top to bottom from the 7/77 intersection labeled by the white line with arrow and circles.

The overall purpose of this chart is to say that this price level is sustainable with decent upside potential. The ask orders are absolutely piling up on Bittrex and Poloniex. I predict large volume to carry Zcash higher in terms of Bitcoin             . Price levels, buy ins and other technical info? Not going to get it here. I'm going for 2X profit by next month, but do as you will.

Remember the disclaimer: My charts and information is not advice that you should use whatsoever. This is insane dude!
評論: We just hit a fib support line and its looking good. However, I outline here what I consider to be the worst case scenario. Its a good time to start laddering this trade.
I've been making around 10-15% profit with ZEC during last week. I hope there is more for us. Good luck and thanks for sharing.
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