ZEC Sell Setup. Aug 2018

Think it could be time to turn bearish again. Last few days has been harsh after false hope of some bullish months ahead. You can look up the BTC 4.92% ideas yourself and see the sentiment about. Things look great vs BTC 4.92% but nothing is taking off, guess they are planning the anger part of the cycle for us. Who knows. Going to look to sell ZEC here around $178-180. Ill stop out if I see it continuing up but just wait for the Asians to wake to sell today's gains.

The channel is a pitchfork with 78 - 61 - 50 and 23 fibs. Look to sell top of channel and take profits at the bottom or middle of channel.

Zoomed out view.

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I suppose it depends on how low BTC goes, I think it does go lower, we have not had that savage drop that kills lots of people yet. If we were to have one these are reasonable targets.

I would take profits here and look to enter later, its not really a spot for shorting.

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