Long

Updated

ZCASH - FUNNY FAKE EXPLOSION COMING :)

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By fake I mean that I don't know how this looks long term. Sure it could go up permanently. This looks an important moment in the lifetime of ZCASH. Let's see if it makes sense and if this explosion occurs...

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zoomed in (a bit weird perspective):

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Who knows, maybe Monero will fall toward $80
You never know until it's there.

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Monero market cap is about $4'000'000'000
Zcash market cap is about $1'000'000'000

Monero going from to $245 to $80 would remove 70% of the capital. If we did a though experiment, that the sellers of Monero decided to buy Zcash, that would mean that Zcash all the sudden had a market cap at very roughly $4'000'000'000. But for existing Zcash owners to sell their coins there would be a sluggishness in the overall market agreeableness to come up with a fair market value for ZCASH for a while, during the chaos. So 4 times current ZCASH value wouldn't be such a good bargain any longer to sell your dearly aquired ZCASH coins due to the high volume of willing buyers. So how high would the price go in such a scenario? Maybe close to that attraction point at... $2400. Maybe that's to be considered fair market value if such a situation would unfold. At least for a short while.

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The placement of the pink vertical line is to be considered with a grain of salt.
It could be multiple days off.

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Maybe I called this fake because of how fake it will look when it goes up. Like with SpaceX rockets landing looking so strange, it looks fake. Trying to figure out what went through my mind when I made this title.

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In my opinion zcash price is being managed/controlled the last 20 hours.

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People are calling out "manipulation" all the time because they are unhappy with the circumstances. Well, I haven't really stated why I think it's manipulated. I don't want to tell why because it would be telling a little thing that may be considered a valuable secret. So eventhough I don't bring any argument for this statement for now if you happen to agree or disagree with my view of it being manipulated at the moment, then please write a comment below. I'm willing to change my views on this. Claiming that something is manipulated is kind of a way of giving up and blaming external factors instead of taking responsibility and that's not an attractive mental state to get stuck in...

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I still like Zcash as before. I just don't see inverted pendulums all around me in nature - so I'm not used to it being around so often. Being in current state is kind of a proof of concept for zcash being in the focus of not just me, but also the market controllers. Hello there, if you read this and you're behind the steering wheel. What you're doing is not honorable considering your high IQ being in such a position. Free markets are the future and you know that.

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Looks it's flash crashing now. Cool !!!

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STOP LOSS BLOOD BATH
(I like it)

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I'm so happy and thrilled Zcash is crashing. This is really good for my bullish position.

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Zcash is getting tired and is out of energy to further crash...

Just like a fish getting tired from desperate rattling and quietly accepting his fate looking into the eyes of the fisherman. The fish fight or flight mechanism is now completely out of function. "Will he eat me", the fish thinks when he uses his last energy to make his gills work properly in the air but suddenly find himself in a cold metal bucket surrounded by the stain of death.

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Scary action. Closing in on $291. My fear index just rose from 0 to 2 out of 5 stars for the general market. Staying 100% invested.

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Due to this special occasion I have one final update.

Zcash retarded spike going to $580 ?

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Retracement to $295 ?

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If it would continue to spike to $580 (which is unlikely). Then it should retrace only down to $330.

Continuing the radio silence...

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Found a long term very slow bullish pattern also (finally). Sadly I'm going to keep that to myself due to the various trading strategies people use, that happen to destroy the pattern if I show them.

Trade closed manually

Sorry about the inconvenience. I now think it's going to slowly fall towards $115 until mid August. Closing down this idea... To be continued mid August...

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UncannyDeduction

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