Trading Recommendation – Zcash/Bitcoin
The best way to profit on the bullish side is to buy in an uptrend or buy when the trend changes from down to up. A reversal pattern at the lows allows us to enter into a new developing uptrend at a low-risk. If the trend sustains, we can ride it up. One such bullish reversal setup is the inverse head and shoulders (H&S) pattern. We find this pattern on the Zcash/Bitcoin pair; hence, we want to buy it.
Key Observations
Zcash/Bitcoin is forming an inverse head and shoulders pattern at the lows.
We believe the cryptocurrency pair will start a new uptrend.
Buy ZECBTC at 0.047, SL 0.0315, Target 0.0744 and 0.1022
#bitcoin
Today may go up but the next day we do not know
Perhaps privacy coin might be in focus following the run of several crypto ... value for zcash and monero might increase