Walter100
$CYPH “Looks like $ZEC.X failed to take out the high then lost its $1500 and $1400 support. Market makers trying to flush out the longs right before the privacy and quantum event on 10/6, coincidence I’m sure. Do I care? No.
Zcash is not a trade. It’s a generational hold. These are areas you can look at for scooping up some encrypted money.
Next level for support zone is right here at $1375 ....if this area doesn’t hold I’d expect the thin support line at $1250…
This is the market makers shaking the tree. Don’t be moved by short term prices. Zoom out. Do this in day to day life too, zoom out and look at the bigger picture > like the second attachment. Remember how excited people were to see $1K Zcash.
None of this has to play out. It could fly to $2K tomorrow. Think long term and not in the chart’s 4-hour increments.”
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