TradingView
vivekmessikumar
May 17, 2018 7:26 AM

ZEC looks exciting Short

Zcash / BitcoinBitfinex

Description

the trend is your friend .... is actually not the whole saying...
""the trend is your friend until the END"".. is the actual saying
majority of people are wrong when it comes to TA.. thats because they become euphoric in an upward trend.. and cautious in a downtrend'
infact you should do the exact OPPOSITE of the majority mass.

1. i know ZEC is being listed on GEMINI.. this could result in a final impulse wave up
2. you should not buy that at all because most likely that will be a sell into the volume.. easier for whales to get rid of their ZEC all at once.
3. buy zones are the green boxes
4. keep a careful eye on BTC.. which is making a falling wedge (bullish) and its breakout could result in a shortened ZEC wave in either direction.

thank you
please leave a like :)
it truly means a lot to me :D and keeps me going strong

Comment

Comments
AidanMDang
Love the chart!
vivekmessikumar
@AidanMDang, thank you :)
WBM_Team
Take a look at our update
vivekmessikumar
@WBM_Team, great work :D
Bitwet
@WBM_Team, Thank You as always
WBM_Team
nomadpipper
Along with being listed on Gemini Zcash is now regulated by NYSDFS (New York State Department of Financial Services) which is the first Regulatory agency to oversee Zcash. But as you point out the hype will end and this will level out. Thank you for the analysis.
vivekmessikumar
@nomadpipper, you're welcome :)
lrs1995
Flags are continuation patterns. You cannot have a bear flag in an uptrend.
vivekmessikumar
@lrs1995, yes you are right.. i have overlooked it
nonetheless breakdown from this channel is imminent
the chart is still very much valid
More