Nice Profit From ZCash Short So Far

BITFINEX:ZECBTC   Zcash / Bitcoin
In 8 days since we gave our fresh short signal, ZEC BITFINEX:ZECBTC dropped like a brick and we have 16% profit so far.

Considering its distance from daily EMAs I believe we'll see some consolidation and maybe even a short counter-trend rally.

Unless it closes above 0.0057 sats I'll assume we're still in downtrend.

Let the profits flow!

DISCLAIMER: Please note that my trading approach is trend following. I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts.

Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.


Do you think the halving next month will affect the price action in the short term? 🦈
aydngur IamPhoenix33
@IamPhoenix33, so far in all halvings I saw the same thing:
- A spike in price just before the halving
- A sharp drop following the halving
- Price normalizes under normal conditions, that can be upwards or downwards based on the asset
+1 Reply
@aydngur, Thank you for your input. I'm already holding since June, so looking to sell some of my ZEC for BTC in the days and hours immediately preceding the halving event. 🐬
+1 Reply
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