Grayscale leads the accumulation while 70% of futures accounts are betting short: ZEC’s rally is making people nervous
Good grief, Grayscale just led Wall Street in accumulating, and then
$ZEC ’s RSI shot up to 76.8—either the narrative or the price action has to give way first. I’m bearish in the short term and won’t chase longs.
The rally is real—+50.7% in 7 days and +147.6% in 30 days, with volume at twice the 30-day average.
But the readings are real too—the multi-timeframe composite signal has flipped bearish, and the 1-hour SAR at 1228.91 has just moved above the price; nearly 70% of acc