DPOKE

Expect some rough waters.

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BITFINEX:ZRXBTC   0x / Bitcoin
ZRX is a project that, fundamentally I'm supper bullish on, has built in connections in place (ie Coinbase), and is going to be an integral part of the web 3.0 in the future (DEX, not just Crypto IMO). On this HTF (1D) the outlook is still bearish (Kijun over Tenkan bearish TK cross 7/27), volume still low from early 2018 and RSI hasn't yet given a clear indication if a trend has formed. For that, I don't think $ZRX will be a good buy in the near future. This could be due in part to $BTC MC dominance at the present time. Movement of $BTC could affect the altcoin market by magnitudes. So a dead cat bounce by $BTC, could lead to quick profits by scalpers. But for the time being, I would stay out or slowly start to scale in if you have long term aspirations for this project. But long term I'm bullish on this utility (as $KNC and $AST as well) as they will help decentralize trading of not only crypto, but securities as well on a P2P level, (with no middleman) which would be dope as shit. Trade safe and enjoy the evolution.
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