Hold onto your Zcash and all other crypto for the next 5 weeks.
Alright, so I've been monitoring Zcash closely for a few years now, particularly after the first halving and I've had a running theory since the flash crash in May that a lot of money was vested in shorts for most crypto's and somebody was about to lose an enormous sum of money leading to a market wide manipulation to drop the price.
There is a lot to unpack with this and a lot of other contributing factors but the sum of it is I think we never left the bull market we were in and it was a market wide manipulation that resulted in the "bear market" 3 months ago.
So far everything aligns with it being a 20 week process, from around May 11 to July 20 is the sharp to steady decline when we reverse the process and begin returning the market to normal. Except the return is anything but normal, its accelerated because everyone and their mother went on a fucking buying frenzy. As the price was plummeting reports were coming out that exchanges supply of bitcoin was rapidly depleting. I was telling everyone that would listen that now was the time to buy, and it still is.
This can be seen by pulling up a 90 day or year long chart on any crypto affected by this. Locate the bottom of the dip and look at it from both sides of the dip following a symmetrical daily path. From a price point we are around 3 weeks ahead of schedule, and by the end of September we might be seeing some really high prices.
I want to point out the article published by Forbes in Feb. 2020 " Secrets of a successful crypto trader: Question Absolutely Everything" [https://www.forbes.com/sites/jeffkauflin/2020/02/05/secrets-of-a-successful-crypto-trader-question-absolutely-everything/?sh=47cc88192475](https://www.forbes.com/sites/jeffkauflin/2020/02/05/secrets-of-a-successful-crypto-trader-question-absolutely-everything/?sh=47cc88192475)
I still loath that article for many reasons, but in it they publicly state that they are heavily shorting Zcash. They essentially attempt to persuade others to do the s...