Everything is plunging—are we entering extreme fear? Today’s a fourfold blow: an Nvidia resignation, hotter-than-expected inflation, conflict in the Middle East, and a liquidity crunch.
Based on Ying’s framework from before: ZEC starting to fall in line with the market, or even leading the decline, suggests that smart money is pulling out too. It’s not just being dragged down by the broader market; the resilience of the previous crowded trade has disappeared. There may be an oversold bounce in the short term, but the broader downtrend remains unchanged.
Based on Ying’s framework from before: ZEC starting to fall in line with the market, or even leading the decline, suggests that smart money is pulling out too. It’s not just being dragged down by the broader market; the resilience of the previous crowded trade has disappeared. There may be an oversold bounce in the short term, but the broader downtrend remains unchanged.