$ZEC 1653After the surge, it just falls back—don’t treat European ETPs as the starting point of a brand-new primary uptrend. The privacy narrative can multiply by a hundred, but it can’t hold up a 27B market cap.
Optional privacy doesn’t equal default privacy—this controversy hasn’t disappeared in eight years. Whether the buying pressure remains after the hype fades is the real issue.
Today the upper shadow is long and volume is shrinking; an 8H top divergence has already formed. Leverage and fees are stacked at high levels. An overbought RSI isn’t a breakout signal—it’s a high-level fulfillment/realization structure. 1500–1440 is the first line of defense; if that breaks, look at 1300. Chasing the price is paying a belief premium, not fundamentals.
Don’t be surprised if a pullback comes. You can try a small short position!
Optional privacy doesn’t equal default privacy—this controversy hasn’t disappeared in eight years. Whether the buying pressure remains after the hype fades is the real issue.
Today the upper shadow is long and volume is shrinking; an 8H top divergence has already formed. Leverage and fees are stacked at high levels. An overbought RSI isn’t a breakout signal—it’s a high-level fulfillment/realization structure. 1500–1440 is the first line of defense; if that breaks, look at 1300. Chasing the price is paying a belief premium, not fundamentals.
Don’t be surprised if a pullback comes. You can try a small short position!
