ZEN Cash, The "ZEN" of Wealth New Target is $32.70 (69% Profit Potential)
SUMMARY
ZEN Cash (ZEN) is NOT done with it's travel upwards! The below chart shows the myriad of correctional Elliott Wave labels that can take place and in the video analysis, it details alot better. The primary count is for the correction to conduct the purple a,b,c,d,e triangle pattern. The last e wave is still working so price is expected to dip with Bitcoin to about $19.36 before impulsing towards $32.70 or higher (69% Profit Potential).
The video also contains a tutorial on how to label the types of complex and combination corrections for Elliott Waves. Please use this to review the process.
Please review these Tutorials on Laddering! and Buy/Sell Setups!
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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.**
I am missing understanding how the alts are not inversely correlated to btc. You also mention this in this post. Would you give your opinion?
What do you invest in with your btc when it is topping? How do hedge the (down) volatility out of your crypto portfolio to maximize gains?
Cash. Usd. Or bitUSD. To hedge a btc top.
Bitcoin and Altcoins have undergo phasic and non-phasic cycles with each other. It's like when looking at two cars in front both with their left blinkers on. The blinking are out of sync at first and soon they come into sync. Or non-phasic to phasic.
Altcoins and Bitcoins are similar.
Now, in times when Bitcoin crashes, Alts will not be spared. There is no true inverse altcoin to bitcoin.
I go to bitUSD or FIAT during such big corrections.
I don't really hedge the cryptos as there are no real inverse instruments.
I maximize gains by buying at the terminal ends of a,b,c corrections and selling on fifthe waves. Please review my tutorial explaining these:
https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial
https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder
https://steemit.com/bitcoin/@haejin/n98sk-haejin-s-ta-book-recommendations-for-elliott-wave-and-chart-pattern-recognition
Last Thursday, Palm Beach Research Group hosted a webcast pushing their $3000 subscription. In it, they stated they would soon be recommending a low cap privacy coin to their paid subscribers. While they do not name the coin, they do show the chart above. Below is the 1 day RSI for Zen.
LOL! If they call it the "Zen of Wealth" in their $3,000 report...I'm going to sue for plagiarism!!
Some news or event will always arise (chikun arise)
I've seen one of their reports. The recommendations were solid. But way too overpriced for $3000. $199 would be a great price.
Can you please do BCH. You mentioned that you might re-look at it yesterday when somebody showed you their chart. Is a correction still in the works downwards?
BCH's correction looks very similar to ZEN (talking about the difficulty to identify the pattern, and the shape it takes)
Long HODL for me.. secure nodes, low circulation.. best tech.. thanks to you I got ZEN on my radar and will be tipping you for life. ;)
Booyah!
I wish you MASSIVE profits!