I'm spending a lot of time analyzing #ZEC for my followers as I am trying to help you understand how this all works. It's about mapping out possibilities in order to minimize risk. Is it a guarantee that my thesis on how this correction plays out will be accurate? No, as there are no guarantees, only possibilities. On that note, understand the following: You might be wondering why Zcash could correct so much harder than many other altcoins if this measured move plays out. The answer is actually pretty simple. Zcash ran much harder than the rest of the market first. When an asset goes parabolic, price moves so quickly that it often leaves very little real structure underneath it. There isn’t much consolidation, support or accumulation built along the way. That creates an air pocket beneath price. So when momentum finally weakens, price can travel back through those areas very quickly because there simply isn’t much support there to slow it down. That’s why comparing ZEC’s correction to another altcoin, or even $BTC, that never had the same parabolic expansion can be misleading. Zcash got far out in front of the broader market. Now it may simply need a much larger reset to bring price back into a healthier long-term structure. A deep correction does not automatically mean the macro thesis is broken. Sometimes it just means the asset ran too far, too fast. The bigger the expansion, the bigger the reset can be. #ZEC #Zcash #Crypto #Altcoins #TechnicalAnalysis #MarketStructure #PriceAction #TradingView
Eric Van Tassel (Not a Financial Advisor!)Share
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