Okay so... $BTC is struggling around $74k again and honestly, the daily chart isn't looking good.
From $87,395 down to $73,892... and still no convincing bullish reversal.
But $ZEC is hurting even more...
From $1,698 to almost $1,000 now, losing another 12.5% in 24 hours.
And remember buddies... just a few days ago ZEC was fighting to reclaim $1,400. Now we're watching whether $1,000 can even hold.
I still like ZEC for the long term, but liking a coin doesn't mean ignoring what the chart is telling us.
If BTC loses $72k and ZEC loses $1,000, this correction could get even uglier.
For now i am not rushing to add more longs... let buyers show some strength first.
These dips are tempting, i know... but catching every falling candle isn't accumulation, sometimes it's just adding more risk.
#HotCPIDecemberHikePriced
From $87,395 down to $73,892... and still no convincing bullish reversal.
But $ZEC is hurting even more...
From $1,698 to almost $1,000 now, losing another 12.5% in 24 hours.
And remember buddies... just a few days ago ZEC was fighting to reclaim $1,400. Now we're watching whether $1,000 can even hold.
I still like ZEC for the long term, but liking a coin doesn't mean ignoring what the chart is telling us.
If BTC loses $72k and ZEC loses $1,000, this correction could get even uglier.
For now i am not rushing to add more longs... let buyers show some strength first.
These dips are tempting, i know... but catching every falling candle isn't accumulation, sometimes it's just adding more risk.
#HotCPIDecemberHikePriced
