Radical “to the moon” thread

Also Gemini custody includes ZEC

I dont think you guys understand how important custodial services are for the upcoming sh1tcoin purge.

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bottom seller followed by decent buy on kraken image

Agreed, custodial services are super important for onboarding more businesses.

little bounce on support

decent amount of zcash trading hands on kraken.
image

yesterday, there was a shit-ton of zcash market dumped on kraken. even with the onslaught - support was defended

imo, spending too much time sub $45. really need to see ZEC hold above $45 within the next day-or-two, or things could get ugly

I’m not worried, im thinking 69.14 within 4 weeks.

Maybe time for Xcash ? :thinking:

Nah, I would think a bottom of 60 or 70 would be nice, but agree with Kek that we have to go to at least 50 55 as soon as possible.
I think around 40 or lower we should also see some drop in Hashrate if we stay there to long.

MM is alive, and well, doing what they do. can usually spot MM on the books fairly easily on most days.


…MM is currently capping ZEC markets in the low 44s. kinda sad MM only feels it only takes a small amount of ZEC to cap zcash on kraken. guess that’s what happens when the market’s illiquid, and burdened with high inflation.

reason why i say the MM’s capping the market is they have 2 large zcash asks very close to one-another just in case someone does eat 1 of their positions. notice MM only has 1 large buy order well below real bids.

Where do you see the large buy order? The 276 ZEC one? That’s just around $12,000, more small than large, not?

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Isnt that like 13 % of the daily traded volume from yesterday for the ZEC/USD pair on kraken? If I am not mistaking then yes it is a large order. Why would someone lock up more funds then necessary to suppress the price?

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From such positive angle of view it’s indeed a larger position. Form a normal point of view a small position on an even smaller market on kraken with just $33k volume/24h doesn’t make the position bigger. For me that’s just a small position on a very small market. $33k volume, total joke.

You are mistaking its not a positive view. Quite the opposite.

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side note - MM doesn’t want the 2 large sell orders to be bought. if they feel the market starts working against them in a bullish fashion - they’ll readjust asks to a higher level before real buyers have an opportunity to buy. the only point to those large sell orders is an attempt to move markets in MM’s desired direction.

what are you talking about. even on half-dead bitfinex standart squeeze catching walls are larger then that. market is dead.) funny thing is, i could throw like 20btc in zec to get to the rear end of top200 richlist now. seems like killer deal, but i personally see no point while market stays like that for everything except bitcoin and any zcash team motions have no reflection on price. this is very different to 2017 and 2018 and there are some different assumptions where this gonna end.

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here’s the main difference between bitfinex, and kraken.

and both have peanuts volume, compared to even current supply and mcap, let alone marketcap of hype days.)

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think we’re in agreement here.

btw you know what may be the only real reason of price increase in may-june, along with btc?
Bitmain Antminer Z11 Apr 2019
Innosilicon A9++ ZMaster May 2019

not even zcon1 event.)