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ZILBTC Crazy price actionFormation of a triangle, looking for a return to the 0 fib level before upward movement returns, looks like some nasty accumulation.
Triple Milestone set on the DrDovetail TV Account!Quick shoutout and thanks to all the fine tradingviewers out there who helped me reach a triple milestone! Thanks to you this profile now has over 100,000 views, over 3,000 reputation points, and over 2,000 likes. Much love and respect to you all. I couldn't have done it without my 265 followers. So thanks to everyone especially my followers and with your support I believe we can double all of these numbers again by this time next year! Thank you so much and cheers to you all I wish you nothing but success this next bull run.
BITCOIN: BTCUST Just fine thanksBitcoin: BTCUSD
Just had to tear away over lunch to check the monster.
Spoke of a low being made around midnight est, looks like it
was 2am. The breakof the bigger parallel from the highs was
good, green candles, everything you'd want from a 'good'
break, but it was running too fast: 800 points or 9% in less
than 3 hours...there is resistance there 10180 high from the
big red candle to left of price on chart but didn't judge it
strong enough (too many lines is confusing so try to strip it
down, sometimes too much). Anyway, who spotted the
continuation pattern that then followed as it came back to
make an intermediate double bottom at 9365, right off the
blue support...fixed and dynamic met at that moment and
left a pin bar on the low...the continuation pattern: now 2
strikes = hot..and bam, she breaks the upper parallel, bit of a
retest that works and up she goes. So now it's created another
little impulse wave from that low at 2am est and is a buy of
the lower parallel and sell off the upper (for day traders). If
you have been trying to get long here and been stopped out
on good longs look to buy on any touch of the lower parallel.
Bitcoin stays good whilst within this wave in near term and
looks aabsolutely fine again for medium and longer term too.
And what's good for Bitcoin is good for the Alts/USD. Buy on
dips. This could be a good weekend ahead. Back much later