RustyRue
Long

Zcash possible retrace to the upside

POLONIEX:ZECBTC   Zcash / Bitcoin
Zcash has been falling continuously with some minor retraces to the upside on the road. It is probable Zcash will follow this path in the future again, but a bigger correction to the upside might be upon us for now. The impulse wave A of the correction seems drawn and the corrective wave B of the correction could be over any time soon.

Getting in here and picking a stop-loss under the current all time low looks like a good bet to me. I have no idea where the supposed wave C would take us, but I imagine there is plenty of potential to the upside.

I am not responsible for any loss on your side if you would do this trade, but I sincerely hope this plays out as expected since I am invested myself. ;)
Trade closed: stop reached: Unfortunately things didn't play out as expected and Zcash made a new low. :-( Depending on where you would have put your stop loss, you are maybe already stopped out or could be stopped out any time soon.
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