ZILBTC trade ideas
ZIL - GOOD SETUP FOR AN 80% POTENTIAL UPSIDEHello, since the BTC dominance is signaling
new altseason as per linked idea, we are now cherry picking the best alts. After Dash and Lisk, here is the #3: ZIlliqa. It is currently showing 3 good signals for long:
1- it is above the retracement area (blue rectangle)
2- it is at the point of control. We will see if buyers can win
3- the price dragged itself above the support and above the triangle it falsely broke
I would wait for a small confirmation above the current levels. It it does, the tartget is 37sats (almost 80% from here). SL below the support at 19
Formations within formationsZIL formed two descending triangles, one which broke down and then quickly recovered after a bounce from the ascending trend, and then another which eased it's way out sideways and then broke to the upside. This break put ZIL outside a greater symmetrical triangle which it's now sitting on top of and is seemingly forming a descending wedge. Lots of bullish action going on.
ZIL/BTCOne of the best looking chart right now on the market, ZIL has broken the strong resistance and actually retesting it. On the 4hrs, a bullish ascending pattern is being formed and coming to an end as shown below. Look really bullish for continuation.
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Pulse of an Asset via Fibonacci: Zilliqa's perfect Golden GrowthThis Concept is part of my ongoing study of Fibonacci Ratios applied to Assets.
This Chapter is an example of true "Golden Ratio" growth as is normal in nature.
This Chart captures Zilliqa's surge which grew by 1.618x increments, and retracing.
This type of growth has been called "Exponential" or "Parabolic" by many analysts.
This occurrence is actually NOT very common in markets at a scale we can see.
This DOES occur at microscopic levels but is difficult to capture at those levels.
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My "Book" detailing my Methodology with Numerous Examples:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only