$BTC you just touched $87,395... highest level in about 8 months đ„
And at the SAME time $ZEC decided that $1,600 wasnât enough and pushed it up to $1,650 đ
This is exactly the momentum we were waiting for...
Bitcoin went from $75K to $87K+ while ZEC went from around $1,086 to $1,650 on these charts.
And the shorts have paid dearly for fighting against this move đ
During Bitcoinâs breakout above $87K, approximately $919M in CRYPTO SHORT positions were liquidated, with more than $557M coming just from BTC shorts.
ZEC has been doing the same thing on its own smaller battleground... recorded ZEC futures showed around $1.35M in shorts versus $520K in longs liquidated on September 22, after several liquidation sessions of much larger short size earlier during the run-up.
Now the levels Iâm watching are simple...
$BTC: $87.4K â $88K next resistance
$ZEC: $1,650 â $1,680 area next
Iâve been bullish on both... but especially on ZEC while people kept waiting for that magical pullback below $500 đ
The momentum is strong, shorts are being squeezed, and BTC finally broke that $82K resistance it had been holding for a long time...
Just donât turn this bullish momentum into an excuse for a dumb leverage play now đ
#BitcoinTops $87KAtEightMonthHigh
#ZECBreaksAbove$1600AtRecordHigh
And at the SAME time $ZEC decided that $1,600 wasnât enough and pushed it up to $1,650 đ
This is exactly the momentum we were waiting for...
Bitcoin went from $75K to $87K+ while ZEC went from around $1,086 to $1,650 on these charts.
And the shorts have paid dearly for fighting against this move đ
During Bitcoinâs breakout above $87K, approximately $919M in CRYPTO SHORT positions were liquidated, with more than $557M coming just from BTC shorts.
ZEC has been doing the same thing on its own smaller battleground... recorded ZEC futures showed around $1.35M in shorts versus $520K in longs liquidated on September 22, after several liquidation sessions of much larger short size earlier during the run-up.
Now the levels Iâm watching are simple...
$BTC: $87.4K â $88K next resistance
$ZEC: $1,650 â $1,680 area next
Iâve been bullish on both... but especially on ZEC while people kept waiting for that magical pullback below $500 đ
The momentum is strong, shorts are being squeezed, and BTC finally broke that $82K resistance it had been holding for a long time...
Just donât turn this bullish momentum into an excuse for a dumb leverage play now đ
#BitcoinTops $87KAtEightMonthHigh
#ZECBreaksAbove$1600AtRecordHigh
