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ZEN

A perfect ending? who will end the Bitcoin bull market?First of all, I am not a market predictor. The reason why I made this topic is because I found the perfect geometric structure on the Bitcoin price chart. This geometric structure has perfectly verified the high and low points of Bitcoin on the weekly chart since 2017. I am surprised indeed. If this perfect structure is to be maintained, the all-time high of Bitcoin that we have just experienced may be the end of the first phase of the bull market since last year with principle of least resistance line. With all-time high of ~ 58504$ on Feb, 2021, ~19927$ high price on Dec, 2017 is perfectly 0.618 (Key golden ratio) of this all-time high; ~3093$ low price on Dec, 2018 is perfectly all-time low (Zen Theory, 1st buying point); ~14030$ high price on Jun, 2019 is perfectly 0.5 (Key golden ratio) of this all-time high; ~3772$ low price on Mar, 2020 is perfectly 0.114 =(1-0.886) of this all-time high; (Zen Theory, 2nd buying point); With these four verified high/low price points, the history makes a perfect geometric structure in nature. This is the reason why I name the topic? From the long term, I am still bullish on Bitcoin. However, a retracement will be helpful to form Zen Theory pivot zone and accordingly a 3rd buying point, which may be happen in 2 years later. To form a Zen 3rd buy point on weekly chart, there are three possible support levels, 1. 0.886 of all-time high, which is ~41700$ 2. 0.786 of all-time high, which is ~31287$ 3. 0.618 of all-time high, which is ~19099$ The lower ratio value, the longer time it takes. When will a weekly level dump happen? It is still taking some time for sub-week level pivot zone to form. From weekly BBPMACD indicator, we can see although bull power shrinks quickly, bear power still very low to activate a pump in weeks. Who will be the driving force behind the Bitcoin price dump? The answer is FED. It is the central bank of all global central banks. US GOVERNMENT BONDS 10 YR YIELD (US10Y) have surged recently, causing global risk assets to dive. This means that the global cost of risk-free assets has suddenly dropped to the level of ~64. Based on my own calculation, current equivalent Bitcoin PE Ratio is around 32. This means that when US GOVERNMENT BONDS 10 YR YIELD rises to 3.14%, the price of Bitcoin may drop sharply. The S&P 500 index may fall first at around 2.5%.
COINBASE:BTCUSD
by blackcat1402
6
Horizen (ZEN) • Final major resistance before next 10xWe are just meeting final structural target based on past PA. I still see this a hold because chances this will do another 10x from where we are. In terms of fundamentals is still strong. Backed by Grayscale, continuous development and growing community. In terms of technicals is still strong. Volumes show steady growing interest but nothing really usual or fomo like volume signatures, major trendlines has not been broken, trading above clouds, consistently trading above weekly averages. I see no reason to sell this coin.
Long
by D7R
8
ZENBTC STRONG CHARTHello traders As you can see in the chart above, Horizen (ZEN) has broken its descending Trendline, and I'm looking forward to seeing it touch the 0.618 Fibonacci level. I will update the Fundamentals and the ZENUSDT on the next Idea. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never financial advice. Always do your research too. Goodluck.
Long
by Crypto_MD
13
Horizen (ZEN) Hits New High + Next Target MappedGood things happening for the Altcoins/Cryptocurrency markets... Today, Horizen (ZENBTC) hit a new high compared to Nov. 2020 after a higher low. This is great news because it signals that many of the other altcoins will also move higher and hit new highs, which opens the door for even more growth. This is the same chart I drew on Jan. 10 but updated: The "next target" is marked on the chart. You can find additional targets if you move the chart higher. Sit back, relax and just enjoy. Namaste.
Long
by AlanSantana
4
ZENUSDT - Descending channel ANALYSIS 🔎 - ZENUSDT is printing a descending channel. - Price is testing the descending channel resistance. - The minor uptrend is supported by an ascending trendline support. POSSIBLE PRICE ACTIONS - Bullish ⬆️: breakout above the descending channel's resistance. - Bearish ⬇️: breakdown below the ascending trendline support. TARGETS 🎯 - Bullish ⬆️: horizontal resistance levels (R1, R2). - Bearish ⬇️: horizontal support level (S1), descending channel support.
by Chibuike_Odoh
Horizen (ZEN) / BTC Main trend.Horizen (ZEN) / BTC Main trend. Falling wedge. The graph is logarithmic. Timeframe 1 week. Pivot zones and target levels are shown on the chart. The first target is the resistance of this formation at about 100%. Also, the resistance of the wedge (main trend) will act as a potential trend reversal zone. If the resistance is broken through and consolidates above it, the main trend will reverse. Fundamental. The industry's first decentralized and fully customizable sidechain protocol that solves the biggest challenges when applying blockchain solutions to real-world use cases. Event. Coin. Mineable. Around December 2, the Horizen blockchain will undergo a halving of the first block reward. This event will take place at block 840,000 in which the block reward will be halved from ZEN 12.5 per block to ZEN 6.25 per block. The remuneration ratio for stakeholder groups will remain the same. Grayscale One of the largest funds, Grayscale, whose assets are estimated at more than $ 10 billion, announced publicly on 20 11 2020 in its official twitter that it has this cryptocurrency in its invest. portfolio in the amount of $ 2.8 million. More precisely, it was shown the assets that the fund has. This is easily verified. On the one hand, you understand that bragging about your crypto portfolio (I do not mean this cryptocurrency), and the overall fantastic balance of the crypto portfolio, can be just manipulation in order to attract the attention and money of investors. In reality, it is quite possible that they have an order of magnitude less cryptocurrencies. But I will say one thing, for such an average liquid altcoin, $ 2.8 million is a lot. I was very surprised that there is this altkin among only the top alt. You need to understand that if they have a position on this alt, even for half the amount, then with this test cryptocurrency everything will be more than all right in the near future, and it does not matter if the project will fail or not. Although if we compare the total balance and the number of other cryptocurrencies, then the position of this coin is "dust". But, it is the public statement that is important. I think that over time they themselves will pump this cryptocurrency to the point of inadequacy. All the assets they have will be pumped up heavily, and the lower the liquidity, the higher the percentage. Grayscale cryptocurrency portfolio in million dollars: 9,658.5 BTC 1.291.6 ETH ETC 76.4 LTC 67.3 BCH 46.4 ZEC 11.3 XRP 10.2 XLM 1.4 Horizen (ZEN) 2.8
by SpartaBTC
12