Zcash
Zcash: #1 Privacy CoinWave 1 completed. Wave 2 cannot drop below $45 or chart is invalidated. Wave 3 targets below.
T1: $175
T2: $250
T3: $350
*In case this is an ABC, I added wave C targets. Wave C targets should act as short term resistances and I'm expecting price to break through these.*
1D RSI oversold
[ ZEC ] ZCash - Buy Zone In RangeZCash has been on the extended downtrend but with news of new partnerships on the horizon it looks like ZEC may have
a sharp move back to the upside.
Estimates Bounce Zone 0.004745 - 0.004732
News Item Search Term : these-brothers-think-save-zcash
Zcash (ZECUSD) short.All description on the chart.
Please, don't forget to like and follow.
Thank you.
There is a possibility for the beginning of an uptrend in ZECUSDTechnical analysis:
. Zcash/US Dollar is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 14.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (43.30 to 49.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (49.00)
Ending of entry zone (43.30)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 56.50
TP2= @ 64.75
TP3= @ 73.80
TP4= @ 91.00
TP5= @ 106.70
TP6= @ 127.65
TP7= @ 157.05
TP8= @ 184.90
TP9= @ 220.60
TP10= @ 328.65
TP11= @ 375.70
TP12= @ 503.10
TP13= Free
There is a possibility for the beginning of an uptrend in ZECUSDTechnical analysis:
. Zcash/US Dollar is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 14.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (43.30 to 49.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (49.00)
Ending of entry zone (43.30)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 56.50
TP2= @ 64.75
TP3= @ 73.80
TP4= @ 91.00
TP5= @ 106.70
TP6= @ 127.65
TP7= @ 157.05
TP8= @ 184.90
TP9= @ 220.60
TP10= @ 328.65
TP11= @ 375.70
TP12= @ 503.10
TP13= Free
ZEC in oversold territoryZEC versus BTC has been bleeding for several month now... I believe a correction upward is due.
Last time (in January 2018) we dipped very low and bounced hard, and I'm expecting a similar scenario to happen in august.
My stop-loss is below 0.005, but you are on your own here.
Zcash ZEC fantastic opportunity (very soon)Zcash KRAKEN:ZECUSD holders are getting depressed , because this coin has not been performing very well.
Good news is this coin is very solid for many reasons (Do your own research) and this price action is actually very good news for us. Only shitcoins do get rich-quick pump&dump.
Please keep in mind catching the bottom is very risky, because it can actually dip lower than you thought but in the same time if you are too greedy you may miss the bottom.
I've drawn some boxes where I believe price area are good buys. My plan is to set buy orders in these boxes.
This coin can change your whole life, don't miss Zcash for it is a fantastic opportunity for buy&hold.
Zcash has an inflation bug, and nobody's talking about it.sit down around the fire and let me tell you a story that many of you may not have heard. once upon a time, there was a group of people who wanted to launch a cryptocurrency called Zcash with a fucked up trusted setup, 2 MB block size, founders reward, unverifiable supply, and experimental technology using people's real, hard earned money. what could go wrong? there was more hype over ZEC than jeffrey epstein on the way to his island. people said before launch, what was acceptably sane talk, things like "zcash is the bitcoin killer" and "zooko is a genius."
the zcash team decided on a "slow" reward emission at the beginning to try to put all the miners having a boner into a cold shower. so the block rewards were extremely small. poloniex listed zcash first. miners started posted absofuckinlutely ridiculous asks, but because scarcity + hype = stupid, there was a guy who paid for ZEC at a rate of 5000 BTC per ZEC when it got listed on polo...i saw it happen with my own eyes...im sure he thought, wow what a steal, it's the next bitcoin. if he needed anymore confirmation, at one point at a meetup zooko said (i kid you not) that he "doesn't actually specifically know how zero knowledge proofs work". But how can i blame the guy? I mean, it's a free country amirite.
i can't think of a more fucked up piece of shit than zcash. nobody even uses the privacy features. i see lots of people blaming the dump on the founders reward. perhaps that contributes to it. but many people dont know that the supply is unauditable. if someone figured out a way to print billions of ZEC, there's literally no way to tell. can you find a better explanation for this god forsaken chart than that? and i hear that they are creating a new blockchain, a zcash 2.0!
for giggles: www.reddit.com
Z-Cash - Huge Gains Incoming? BTC Dependant Of Course! Another huge divergence in the alt market. Some of these moves if BTC dominance comes down are huge. This again shows the power of BTC but when the switch flips. It could be very profitable.
$ZEC showing huge volumeA lot of big money has been pouring into Zcash in the past year. If you look at the volume, more people are trading it now than during the crypto craze of December 2017.
The important thing to note is that volume is increasing as price increases.
I think we could see a return to the $300 price area this year.
Why Zcash might be a lead balloonHow I converted from Zcash to BTC.
Last few months I devoted my time to investigate Zcash (going beyond technical analysts) and come to the conclusion that I need to sell all my ZEC position and buy BTC.
Since I haven't found concentrated/summarized thoughts at one place, I decided to make a tweet so others can find this useful.
So let me name few thoughts:
• Hardly anyone seems to be using Zcash’s anonymity features (estimated to be like 0,1 %) ...I found only ZecWallet supporting these transactions. (Consider how old is ZEC and no privacy adaption in wallets). If one wants to use it, he needs 5 GB of RAM and 25gb free disk to run the program. Therefore it don't see it as a mobile friendly wallet.
• Zcash mining is incredibly centralized.
• Zooko publicly admitted that he doesn’t know how Zk-snarks works (see: https://youtu.be/P6RLjcGVUnw).
• Expiring developers funding in 2020. Since developers in ECC are supposed to be unique, I see no developers when ECC is gone. Moreover let’s face it, ZEC developers salaries are above average (for non US resident)
• Knowledge of Zk-snarks is not owned by ECC (Electric Coin Company). Zk-snarks are not so new, as they were discussed and experimented in 80`s, and after a while more and more scientific papers were published decade before Zcash ... so Zk-snarks are “open source knowledge”.
• Albeit Zk-snarks protocol is monetary system is relatively new and has yet to undergo the test of time. On the other hand more and more currencies adopt just these/similar privacy features step by step and i don’t see anymore the huge advantage Zcash had 3 years ago. This combined with most of the above reasons and the current development makes me believe that the future won’t be so bright. Zcash should gain trust and popularity in first 2 years.
• consider this; what keeps a gigantic army of BTC developers back to integrate Zk-snarks in Bitcoin, not as primary function...the same as ZEC has it, choose it if you want to?
• ECC team already help implemented JPMorgan ZEC privacy features... so when ECC developers will be on the street next year (they sure will miss above-average salaries... the last thing they will work for free for ZEC (from my point of view -> ZEC developers paid by ZEC holders to develop Zk-snarks for JPMorgan) kinda irony
• Zcash community forum - nothing seriously happening there. I see only few people with superior brains there (sorry as they are neither developers nor ECC officials), yet no serious involvement from ECC and developers
• Ethereum team already working on integrating Zk-snarks.
• E.Snowden did mentioned that he likes ZEC privacy features only because Zk-snarks encryption. He clearly said that others coins will do the same and that's a great thing.
• Ycash “friendly” fork (free money of thin air project) Having ZEC officials even support this fork
• REAL trading volume is so small (when doing this notes last week was 2,3 M$)
• For the end a story. Two years ago AlphaBay (popular darknet marketplaces) back then has officially announced that Zcash is available as a payment option on its platform. 5 days after that announcement, AlphaBay got seized by law enforcement. Just 5 days after it’s integration of Zcash (coincidence?)
• Looking forward for good arguments why I am being wrong.
Zcash Analysis: 6 Hour timeframe Chart PatternsConclusion for today’s Zcash Analysis: Price closing above ~69.26 implies resumption of a bullish price swing in Zcash.
Zcash analysis for today is presented using a 6 hour timeframe (log scale) bar chart. Over 5 months of price data is shown on the chart from February 2019 to current date.
The bullish move in Zcash from the February 06, 2019 low reached a price peak of 131.37 on June 26, 2019, followed by a sell off that is captured using a bearish channel. A break in the long term bullish trendline on July 29, 2019 suggests additional strength to the downside.
However, price action currently testing the upper boundary of support at ~63.02 has failed to continue momentum to the downside and therefore indicates caution for the current downtrend.
A close below 63.02 increases the chance of testing the lower boundary of support at ~58.07, with a break below indicating bearish strength that should reach the February 06, 2019 low.
Conversely, price closing back above its long term trendline and also above the 69.26 price level does argue against further move to the downside i.e. weakness in the downtrend.
I'm a Zcash permabull. Massive money flow bullish divergence. The price has made lower highs and lower lows since August 2018, while making higher highs and higher lows on the money flow index since August 2018. Very nice trend as we approach 1 year from Zcash halving in October. I'm accumulating, bleeding all over myself, and buckling the fuck down. Zcash is in good company seeing adoption from Flexa network, as well as the Gemini listing and New York masonic regulators giving us their satanic blessing. BTFD and HODL.
ZEC: How Low Can You Go?I bought some ZEC just above 0.236 on the Fibonacci (Fib). Now I am waiting to see if ZEC will bounce a couple to times off the 0.236 Fib or keep nosediving down its wedge. If it breaks below 0.236 on the Fib I will wait to see out a complete retrace to 0 on the Fib plus a rise above 0 on the Chaikin Money Flow (CMF).
Follow institutional investors. The ZCash investment reportSupplement to:
Realized-Capitalization-ZEC-trading-at-a-60-discount
A-detailed-investment-case-with-supplementary-offsite-data
Privacy coins occupy a function within the cryptocurrency industry that many of the early adopters of cryptocurrencies consider essential.
Bitcoin itself is often incorrectly referred to as an anonymous way of transferring value. Security experts call it pseudonymous privacy, like writing books under a codename. You can preserve your privacy as long as your wallet address is not linked to you.
1- Privacy solved with leading technology
Originally based on Bitcoin Core's battle-tested codebase, ZCash was able to capitalize on the privacy issues of Bitcoin and forked its codebase so that there are now two types of transactions on its blockchain: shielded (using zk-SNARKS) and unshielded (just like on the original Bitcoin blockchain), making privacy an option for its users. zkSNARKs are the most exciting/interesting way (as Vitalik or Snowden would say) to make blockchains private.
2- Efficient, usable, widely supported
Zcash is a fast, reliable and inexpensive way to send money or digitally purchase goods and services. It is also supported by all the top exchanges and wallets.
For a detailed list see Figure 1 here:
imgur.com
3- Multisignature transactions
Zcash supports transactions that require multiple signatures. This means that a transaction may require two or more parties to agree to the transaction before funds are sent.
4- A world-class team
ZCash is led by Zooko Wilcox-O'Hearn, a world class computer security specialist. The team has by far the most expertise in zero-knowledge cryptography, it's natural that they are looked to and respected.
5- The Controversial Founders’ Reward
10% of the eventual monetary base goes to the founders so that there is continued incentive and continued resources for the founders to improve the value of the coin. I am backing Edward Snowden in the logic that a reward is important to attract the best minds to work on the Zcash project. Consistent payment of the developers allows them to discover issues and patch them before they can be exploited by opportunistic parties. Whilst this is open to debate, a steady budget should help push things forward with development and education.
6- Exposure: Zcash for Institutional Investors and Family Offices
There are a variety of potential market participants, among them hedge funds, venture capital firms, high-net-worth individuals, and pension funds that now have financial options available:
Custodians: hold your Zcash for you to help minimize the risk of lost keys or theft
Investment vehicles: allow investors to gain exposure to Zcash without having to hold it themselves.
Trading firms: offer access to counterparties for the purpose of large over-the-counter (OTC) trades.
For a detailed list of some of the big names involved see Figure 2 here:
imgur.com
7- Progressing towards becoming audit and regulation friendly
In the world of cryptocurrencies and digital assets, which by default are intangible, trust, risk management and reasonable assurance are key. In the crypto market there is a huge problem with market integrity and with consumer protection. Music to the ears of regulators is that payment disclosure and special "viewing keys" can be used to share transaction details with trusted third parties for compliance or audits or to comply with regulatory requirements.
8- Audited meticulously
Zcash is going to great lengths to make sure their code is world-class by ensuring world class cyber security audits by third parties. This separates Zcash from 99% of all other cryptos out there.
For more information on cyber security audits please see the respective reports at Kudelski Security, NCC Group, QEDi and Coinspect
Additional positive quantitative data:
Figure 3: Stacked Daily ZCash Exchange Volume_ZCash Market Capitalization:
imgur.com
Figure 4: Realized Market Capitalization vs Market Capitalization_ ZCash Undervalued
imgur.com
