Comparison of ZEC chart to well known Wycoff Accumulation
We all know ZEC is the "real" bitcoin successor - just a matter of WHEN. Do we dump lower for more accumulation first? Classical reference seems to line up with short term bullish scenario.
why do you see it as the real obvious bitcoin successor please ? why do you rate it so highly please , i do not know much about it.
Johnnysharp
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@scousertommy, the devs of ZEC are more respected in cryptography than any other. Obviously whales/manipulators invested in the pre-launch, and so have a lot of "cheap coins" and will want to increase their value. ZEC is technically better than BTC without the downsides of ICO. It is intended to be a true currency whereas ETH is a platform.
I expect once all this hard fork distraction nonsense passes, ZEC will have its time to shine. Note, this is not a guaranteed win in short term. Just a trading idea. Further breakdown invalidates this Wycoff Phase
"Terminal Shakeout occurs at the END of the ACCUMULATION area and at the END of a TRADING RANGE or a SUPPORT AREA. While the ordinary Shakeout occurs in an UPWARD trend"
MinoSafy
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Hello,
I bought Zec on 0.53, i just hold it
do you think Zec will rise after the fork 25 october ?
Johnnysharp
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@MinoSafy, I do think the probability of rise is greater than that of fall. Further fall is possible, most likely in sustained alt bear market. I do not think that likely in the current environment.
MinoSafy
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@renkcub, i mean after fork 25 october 2017,do you think Zcash will recover at least to 0.53 value ?