I hate to say something smelled funny about ZEC's entire run and distribution here at the top.
I discussed it in Markets in the Morning on Wednesday as I was asked my thoughts.
Below is an edited down 2-minute clip from the stream. IMO, retail was distributed on. Someone knew.
Excellent volume. The type you want to see when the worst is behind us. High volume capitulated selling followed by high volume buying.
Accumulations take various shapes, sometimes setting new lows like June 2022. But, this is the type of volume we want to see for regime change.
$69k has been my minimum target. At that price level, I'll no longer be so "bearish." I will then be actively looking for signs of a bottom. Will it be at $69k? No clue.
200-Week Moving Average at $58k? $65k? $52k? $38k? Don't know. But we transition from bear to bottom hunter.
🚨 BREAKING: ICE agents took that 5-year-old boy in Minnesota to MCDONALD'S, and "played his favorite music to comfort him"
The Fake News said he was "DETAINED" by ICE.
The reality is he was abandoned and SAVED by ICE.
YOU CAN'T HATE THEM ENOUGH! Good on these ICE agents! 👏🏻
NEW: Man jumps out of his car and saves two toddlers from getting hit after they walked into the middle of a busy road in Brevard County, Florida.
The toddlers had snuck out of a backyard, and the parents didn't even realize they were gone.
John Brittingham, a father of 5 and a grandfather, said his life would have been ruined if something happened to them.
"I was terrified. If anything would've happened to them, my whole life would have been ruined," Brittingham said.
Hero.