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RE: PUMP ALERT: »Zcash« just broke out •Jul 06 2019 | 13:32:57UTC•

Hey, thanks for leaving a comment. In general, no one knows how much the altcoin/btc pairs will recover in an altcoin season. It could all be the beginning of a major move to the upside, but at the same time it is also very possible that altcoin/btc pairs will not recover to their previous highs. It all depends on bitcoin and how much room it will make for the altcoins. Bitcoin being in a bullrun is a good sign, next step would be the beginning of the real altseason :) Still Zcash is a good hold for the future, privacy coins will have their days for sure, especially in the current time we are in.
Thinking of a long term investment, now seems like a great time to buy some zcash, it just bounced with some serious volume from the bottom the second time, which suggests a trend change. If you want to wait for the confirmation of the trend change in order to not buy into the falling knive, wait for a reversal signal on a weekly or daily timeframe.
See ya!