ZEC did not reprice. One hour of sellers did it.
The US morning hour turned 13.5M of $ZEC, 2.6x the hour that followed, and printed the session low. That quiet hour printed 5.3M and closed up 0.3%. BTC and SOL bottomed in the same loud hour.
The macro story on every screen is hike odds repricing, and the tape's whole answer took 60 minutes. A repricing keeps going. This stopped because the sellers ran out, not because the price got right.
And the door is narrow. $ZEC turns 151M a day, 2.4x $SOL's 62M, for six times the drawdown. $ETH turned 186M and moved a tenth of a percent. The dollars did not leave the tape, they left this position.
I am waiting. If the next session's first hour beats 13.5M and takes out the low, my read is wrong and I flip: that is a repricing.
One loud hour, then silence, is a flush, not a repricing.
Not financial advice.
Flush or repricing? #JobsReportRaisesHikeOdds #BinanceSquare #Zcash
The US morning hour turned 13.5M of $ZEC, 2.6x the hour that followed, and printed the session low. That quiet hour printed 5.3M and closed up 0.3%. BTC and SOL bottomed in the same loud hour.
The macro story on every screen is hike odds repricing, and the tape's whole answer took 60 minutes. A repricing keeps going. This stopped because the sellers ran out, not because the price got right.
And the door is narrow. $ZEC turns 151M a day, 2.4x $SOL's 62M, for six times the drawdown. $ETH turned 186M and moved a tenth of a percent. The dollars did not leave the tape, they left this position.
I am waiting. If the next session's first hour beats 13.5M and takes out the low, my read is wrong and I flip: that is a repricing.
One loud hour, then silence, is a flush, not a repricing.
Not financial advice.
Flush or repricing? #JobsReportRaisesHikeOdds #BinanceSquare #Zcash
