So the month of March just closed for crypto. There's a lot of mixed signals around the market, which was to be expected for 2023, assuming it played out as a recovery year, like 2019 after the 2018 collapse. Bitcoin has shown the majority of the strength up to this point, dragging the rest of market up with it, albeit with most coins lagging substantially.

We can see from the monthly chart, that Zcash has effectively gone nowhere in the first three months of the year, opening 2023 only slightly lower than where it is trading now. Watching bitcoin pump 70% in the meantime is undoubtedly frustrating, so I definitely sympathize for holders. I do think that clearer skies are ahead though, so don't drop your bags for bitcoin just yet.

I've spent the majority of the past few months (more like a year) tracking the movements of Monero, since Monero not only has a higher cap, but also has an actual network transactional through it, (instead of being more of an academic project to this point like Zcash) it drew my attention as I was looking more into the privacy coin space.

I've talked about Monero here before, and I will do so again, but Zcash deserves it's own discussion. There are many things about Zcash fundamentally that I like, but I won't go into it here. I want to focus specifically on the chart pattern above, and the confluence with Monero's own bullish structure.

It seems that the consolidation pattern that Zcash registered over the past three months, is just about identical, albeit more compact, the one it registered from Jan-March '20. After which, it simply went on an 11x rally. What this chart is telling me, is that another rally is in order. Probably won't go as far, and that's why the projection is another lower high and continuation of the sideways triangle.