NOTE: BTC closed below key $8400 and has already broken $8000 on most exchanges but has not see sharp drop you would expect from breaking key support levels YET.
Now we see ZEC showing a potentially very bullish pattern if we can see a bullish close. In addition BTC (not shown) has already made a lower low today and reversed which would also be bullish (at least short term) if it can close green. We’ll add that BTC closed lower yesterday on lower volume (again) — price says SELL but fewer are selling so far….
Maybe ZEC is going to move up strongly on it’s own? We think there’s a higher prob ZEC will move with BTC which continues to define general crypto market directions and therefore ZEC is a good market indicator to watch over the 1-3 days at least.
Remember close is what matters and this is definitely a time to HONOR ALL STOP LOSSES without hesitation. If we turn down from here mod/high prob we will see a fast drop towards $7250 BTC and back to $250 ZEC (full retrace of move up)
This site is for educational and entertainment purposes only and not in any way intended to be investment or trading advice. You are 100% responsible for your financial decisions at all times. It is highly recommended you DO NOT make any investment or trading decisions depending upon what you read on this blog/newsletter! All information presented (c) 2018 JBP cons, inc. All rights reserved.