Update and continuation of my last idea.
A new dawn on that ZEC short im building
we are witnessing the biggest exhaustion since this run and more down should follow
note that, as I did for the last idea, I'll update often the post and my bias can change from bearish to bullish if ZEC give me the opportunity to do so
I opened the first short yesterday at 567 and wanted to wait the next days to post to be sure it was a good one, also was waiting for a last higher high but im not sure it will come. More positions should follow if bears stay presents.
Right now BTC is pumping with no volume (bearish) and ZEC can't follow (even more bearish), it was really tempting to publish that post
For now : if 470 fails we should just go to 380
Cheers
A new dawn on that ZEC short im building
we are witnessing the biggest exhaustion since this run and more down should follow
note that, as I did for the last idea, I'll update often the post and my bias can change from bearish to bullish if ZEC give me the opportunity to do so
I opened the first short yesterday at 567 and wanted to wait the next days to post to be sure it was a good one, also was waiting for a last higher high but im not sure it will come. More positions should follow if bears stay presents.
Right now BTC is pumping with no volume (bearish) and ZEC can't follow (even more bearish), it was really tempting to publish that post
For now : if 470 fails we should just go to 380
Cheers
Trade active
Note
ZEC keeps bleeding even when BTC is doing "good" pushesif no buyers lets see how react 400 and 340
Note
bear activatedtook 20% profits because that monday morning dump was kinda heavy but will enter shorts the whole week
I also expect bearish for BTC but a recover the week after.
last week ZEC was bleeding while BTC was going up so I dont expect this to change, no reason to take profits at the end of the week as I will do for other crypto asset i'm shorting...for now
Note
Zec is now entering my first zone of TP (white rectangle, between 215 and 300)meaning that, contrary of the past rally we had, ill not open more short if, when entering this zone, we dont go back first to a pretty decent daily/4H resistance,
depends on how obviously it will go up but also not willing to close more than 50% for now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.