this is some next level hopium “chart”.)
i’ve seen these wedge outbreaks for zcash being constantly redrawed for almost a year.) maybe one day it will play out.)
Have you ever posted a chart? Talk is cheap. I called zcash $40 USD bottom back in the spring.
Thats why you need to do a comparative and a fundamental analysis as well. As well as not enter a trade until volume profile matches with the breakout and breakdown. This is a nice fundamental analysis chart I did not chart it but I agree with it.
@azrael This yours? great chart!!!
No it isnt. I dont chart since I dont daytrade anymore. I do however agree with it almost completely it is from 2018 and still holds true. I will tell you one thing though selling btc and monero during their high inflation phase wasnt a smart move. I predict that selling ZEC will prove to be similar. This is why I am only buying and mining small amounts regularly.
What is very interesting to me are the chart fundamentals going on in zec in comparison with BTC or ETH its first couple of years. Basically no real consolidation periods in BTC or ETH. ZEC has been in essentially a slightly tilted downtrend for 2 years!
You cant really compare a ZEC chart to ETHER because of the ICO. We should compare ZEC to other ASIC mined alts I am trying to find this other chart that does something like that but I cant seem to find it for the life of me… Maybe after my coffee …
ok…although ASICs are fairly new to zec i follow:
Here’s another “privacy” coin 2 years of consolidation
Leans back in comfy chair, lights a huge Cuban cigar… clicks ‘Buy’ button (again).
chart postings are either cheap.) its about money. i put money (except fun bets) when i see it’s reasonable and i have some confidence.
a bit expanded chart… but when i see “no risk” assertion anywhere, i immediately disregard whole idea.)
and btw this chart and idea appeals to production cost. without any clue about why would market want to buy this. some day. at any cost.)
btw if there’s talk about charts… i can google for you, which classic pattern corresponds may-sept 2019 zecbtc price/vol action, under such a market circumstances that we have now. but i dont want to spoil outbreak party.)
It looks like an ugly ass slanted complex head and shoulders. Thats all I can see in the timeframe you mentioned.
This however looks like a W bottom to me.
no. it is called marked maker seller model. to pump up hopium liquidity and them dump on it post relief stage, while everyone are distracted on bitcoin show. allowing some one major to get out and cut losses ahead of herd (pessimistic scenario) or speed up controlled panic price dump to finally start bottom accumulation period (aug-sept, optimistic scenario).
Leans back in comfy chair, looks at where the huge Cuban cigar would be… Remembers he invested the money for the cigar for Zcash. Contemplates weather he has been acting stingy for some time now… Still smiles to see all that Zcash in his wallet, as well as the “Buy” button
I will hit buy button after a little correction…
…nibbling at 0.005 BTC again
Succession of sticky numbers to get through, we’ve done $50, 0.005 BTC next then 50 EUR
I dont subscribe the idea that a single entity (a mysterious MM) controls the whole market. I susbscribe to the notion that there are many market makers and their job is to provide liquidity to the exchanges by filling order books. They make money on the spread. If I am wrong and there is such a person than its good that he/she is cutting losses and running because he has been doing a very bad job.