Zcash updated Analysis: Has Early Spring Arrived= Flower Power

noam_chom Updated   

Everybody's worried about stopping terrorism. Well, there's a really easy way: stop participating in it.

Like Bitcoin, Zcash transaction data is posted to a public blockchain; but unlike Bitcoin, Zcash gives you the option of confidential transactions and financial privacy through shielded addresses. Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount.

It seems that Today's violence on the chart and Fear about Silvergate and other centralized banking and brokers in the Crypto sector have potentially delivered an early Wychoff Spring event which could result in the end of the accumulation cycle for this micro bull run.

Crypto is now patently severed from the SPY and NDX indicating that reversion is eventually a good R:R play - however note that it may not trigger for months into the future.

Enter additional ZEC coins under $40.00 understanding that there is significant risk of an additional leg or two lower which may touch the high 20s
bottom was reached at $30.00
+25% from the lows with much upside left. check the ZEC-BTC analysis
this trade is a mess. i will keep adding more spot anytime it trades under $35.00

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