my thoughts on the path towards the 2020 block reward reduction
1st lowhi to lowhi 15.25% drop in 74days 2nd lowhi to 3rd was 14.85% in 80days will the 3rd to 4th be about the same? 14% in <90days ? dip & bounce on one of those supports back to $7200 for new low hi? corn makes its higherhi move to the cloud and breaks 10k?
heres an update, zoomed into the daily, cool to see things still line up tweaked it a bit + added some ideas 4 lowhi 4 lowlow
one scenario i'm thinking about: at/near lowerhigh, one more green candle w/similar volume maybe crazy wick, fake/shake, range inside candle body?altspump? downtrend continues, bounce & try again @ quadbottom? lower lows if that fails
bounce here @ $6600 ish ? or continue into purple zone before bounce for larger double bottom scheme? both scenarios leading to $11450 zone
i am accumulating ZEC between 0.03 & 0.04 BTC for 2020. im thinking we form a higher low here and bounce for now. idk