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UPDATED - November 22, 2017

Back on September 27 we went long on $XZC Zcoin due to the technical setup & popularity of the growing market cap growth occurring on privacy specific utility coins. The king of the privacy coins is no doubt $XRM Monero

Crypto Trade Update: $XZC ZCoinn up almost 50% since buy alert 1 - This one was a tuff one to hold through but the bull signals were still there and ultimately why we held through the shenanigans. Let this be solid case study in holding through the ruff terrain. Out thesis for why it was likely going higher was still solid, despite our revisit of the lows. We bought the breakout because the PATTERN CULTIVATION was there. We were a tad early...double bottom retests of the lows are common that's ok. The evidence was still there that Zcoin was cultivating legs getting ready for it's next bull launch. That bull launch is finally here and it has the volume to back it up. We will consider adding to this on the next relative pullback. Or for new members who have yet to build a position here, this would still be a fine place to nibble a few long.

The fact that there was a double bottom off the lows is even more evidence to suggest that Zcoin is going higher from here. Don't expect to happen overnight. Patience is rewarded.


ORIGINAL POST - September 27, 2017

3-day bar chart

BotTrigger Crypto Trade Alert: $XZC bought @ .00325 BTC for a 5% allocation in the Crypto Portfolio. Why? First off, this is one of about 8 different privacy coins in the crypto space: The king leader of privacy coins is Monero ($XMR) with a market cap of 1.5 billion, although $DASH has a market cap of 2.58 billion it's considered more of a utilitarian coin where as XMR is focused exclusively on privacy function. Then there is ZCash ($ZEC), $PIVX, VERGE $XVG, ZCoin $XZC & CloakCoin $CLOAK. Although there is predominate leadership, most notably with $XMR Monero....the privacy coins sector is one that goes through rotational cycles where they'll moon/pump one coin and then rotate into the next privacy coin. Many times these rotations are of course based on pure fundamental achievements per dev updates & milestone achievements being fulfilled on their road maps. Right now we see that $ZEC ZCash is up over 50% in the last hour, passing $400 per coin with a market cap of $888 million. For perspective, ZEC's market cap use to be below $4million back in November of it's at $888 million which is a 22,000% gain in a little less than 1 year. So welcome to the crypto space. The reason why we're buying $ZXC is due to a few things here. 1) Market cap is only $40 million presently, which gives us plenty of room to the upside for this to moon higher from where it's at. But just because it has a low market cap doesn't necessarily suggest it goes simply gives us a relative valuation to compare the upside potential to the others. The primary reason we're entering long is because of the technical setup. We have almost an identical setup to how $ZEC broke out higher, occurring right now on $XZC. We have a several bullish confluences occurring on ZCoin here just like $ZEC:

  • they both bounced on absurdly large volume off their support lows

  • they both have cleared a major descending trend line on heavy volume

  • they both have a bullish cross on the key momentum oscillators such as MACD & Stochastics on both the 1 day & 3-day time frames.

Now let's compare the view from ZCoins $XZC technical setup to ZCash's $ZEC technical setup. Notice we're seeing heavy accumulation volume at those support lows, followed by a breakout above a descending trendline. What's more, this is being further confirmed as we see a bullish crossover take place on this 3-day bar chart (each bar represents 3 whole days of trading activity) where a key momentum oscillator is forming a bullish crossover. We can't ignore this setup on $XZC.

Although our style is to usually stick with the leaders in the space, we're going with the underdog here largely due to the behavioral relationship where we see over and over again that these sling shots occurs in orchestrated moves based largely on the ease of the technical setup to move the coin higher. They don't buy these things when they're in downtrends and the order book is full of sell orders...that's like swimming upstream. The big moves happen once the sellers run dry & the buying aggression overpowers the sellers. And that's what you're seeing here, is a techinical setup that's ripe to rip higher. As of this moment we are now long. We will be adding to Zcoin once we get further confirmation that a bigger breakout is underway.

Some of the greatest pearls shared by Jesse Livermore:

“Money is made by sitting, not trading.”

“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

“Buy right, sit tight.”

“Nobody can catch all the fluctuations.”

“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

“It takes time to make money.”

“Don’t give me timing, give me time.”

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