Price Speculation

Off-topic:
Is the ZFoundation also based in Denver Colorado?

Not really, they don’t have a “central office” like ECC does in Denver, Josh , Sonya, Antonie and the rest of the full time staff are located across the US and in different parts of the world. The 501(c) is registered in Virginia.

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I wish I could decentralize my office :rofl:

Back on topic. Compared to other ALTS ZCASH is performing rather well. Since that correction upwards which started at December 5.

ZEC/LTC didnt correct at all and is still up over 25% in 12 days.

ZEC/XMR has had a nice little bullish correction to the 61.8 fib


and were up 21% in the last 12 days over Monero.

ZEC ETH has corrected a bit lower to the 50% of the entire move up and wicked back up

so our gains on ether are a little under 24% in 12 days

This is quite unusual for our price action. We usualy lead the losses. Now it seems we are loosing much less value then other alts.

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Interesting article from CoinDesk in the link below:

In 2020 Zcash can and will become the de facto “holy grail” of crypto described in the excerpt below:

"What does this mean for privacy coins?

The delisting of Monero off exchanges and the deanonymization of MimbleWimble are another big story this year. I’ve argued for a long time that monero and mimblewimble are not anonymous. On Twitter there’s a whole thread with Fluffypony. These are the first generation of crypto coins. If you’re following the research. At some point there will be a crypto that is purely anonymous, fast and scalable (where you can run a whole node on a mobile). That’s the holy grail of crypto and we’re getting closer every day.

Bitcoin is a legacy system. There is no good alternative at this point, but it will be replaced."

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The three year double bottom has more power than that pattern which you should trade at the break of the neckline, when the pattern is confirmed. Pattern trading provides horrible results in crypto.

Happy New Year all traders and holders.

Time for some short resumee. End of 2018 i decided to give up on my ZEC holdings (and some other currencies) and instead take the safe route for 2019 and use BTC (even i don’t like BTC!), but business is business.

After a bit more than 1 year i can make resumee of the outcome of this change and i do not regret it at all:

Sold most ZEC at ~$100 and the last batch of ZEC i had at around $80 and bought for all of that BTC in December 2018 for about $3.400 - $3.500.

I’am happy with this decision as ZEC holds today only about 1/3 of the value/price compared to when i sold it and BTC doubled meanwhile in that period.

Cashed out yesterday and waiting to see if there is a chance of an uptrend in BTC and/or ZEC as i can’t see one in the next month for either.

Happy new year and hopefully in 2020 everybody can make some nice profits …

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$75 at the end of march.

Stay the course…

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In 2020 we will see zec around 300$

300 it will not be enough for sustainable development in the next 4 years, well, either the price should be stable, which no one expects. If there is a pump, then there will be a quick reset and return, we need a price above 1000 so that after the reset there would be a price sufficient to reduce the minimum within 2 years.

The price will be above the ATH because were entering a bull market. There is no more denying this.

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#692833-6, 20characters (between those 2 about 150kZec or about 1/50th total : )

Market is going crazy🚀

Damn it Bitcoin bulls you had 1 job.


Well what comes next is trying to push above $9200 to reverse the monthly downtrend.

55$ lets pump it…:rocket:

Dont count your blessings just yet we need a close above the 65% level of the move down or its just another dead cats bounce.

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But if we zoom out a little we can see exactly what is going on. ZCASH has broken and retested its previous price structure. In our case this would be our entire price history. So we can safely conclude that something different and exciting is coming. And that is not the worst thing that could happen if we look at that price structure we smashed into pieces with this move. The price action wasnt so great.

We can clearly see that as long as the weekly RSI resistance remains the parabolic trend is not over. So I predict the peak of this ALT move up be somewhere MID march. like Ive been saying for over a month. And then the real correction will come. And you will know it because its going to be deep. And its going to HURT a LOT. And if this one aint over soon than I was wrong and this correction was it.

That’s a seriously bouncy cat :slight_smile:

depends Im no good in the short term stuff. This is something I am expecting and I will trade this if it unfolds as I predict. And I may take a higher risk than usual lets say 10% that will depend on how certain I am.

So that would be a spot short ZEC/BTC pair because BTC will be rising by then for the halving pre pump…

Fortunately I am a small fish so I dont have such lovely burdens such as liqudity and volume and all that nonsense. Its not easy being a whale. It gets progressively harder to trade the more you have of something.

Thought peak would be somewhere 115-125$ but 140$is fine too😉 and then is my first profit time and rebuy…