ZILBTC trade ideas
ZIL likes channels?From channel one to channel two? Also, BTC what is going on buddy? Random pump city? Eyes wide OPEN, this is sketchy trade territory
Another triangle thing breaking?Gosh these triangle things are insane. Still have my eyes on that purple box prize. Let's see what ZIL does.
"Bull Run" spotted hahaSupport and resistance is the name of the game, so let's see where we're headed next? A break of the channel to reverse upward again? Or maybe a continuation to the downtrend... I'm not about to go long after a single bounce from a zone and 50d MA... easy killer if you want to behead your investment. Wait for confirmation of direction... Befriend the trend... Remove your bias!
ZIL/BTC (Break Trendline Resistance?)ZIL/BTC
-touches to 50D MA twice and reacted bullish on it
-the 170 sat range is also an are of confluence support
-we can the price challenging the daily trendline resistance
-the more it get tested, the more it gets weaker
-you can enter the break/close of trendline
-have a stoploss below the 50D MA
Alligators Trend Following on ZILHello, Traders.
Our indicator is showing that we are still in a downward trend since the formation of the top, I believe that we can sideways between 180 satoshis to 220 satoshis, that is quite a volatility.
The buying point in this asset is when the price goes above the alligators moving averages, so the buy point is going to be on the pullback to the "lips" line
See in this example above what needs to happen in order to have a good buy, the price needs to be above the 3 lines of average movements and make a pullback to the green line, so we end an excellent trade with a good risk-reward.
Patience Pays.
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#ZIL/BTC (June 29)ZIL is having a strong support zone at 150-170sts, which can push ZIL back to the price above 200sts
In the short-term, ZIL can hit 2 zones : 220sts and 250sts
If ZIL falls out of 150sts, this uptrend of ZIL will end!
ZIL UpdateGiven the recent run and top, and all things considered, ZIL appears to be holding the fibs pretty well overall, I projected the timeframe a bit and drew the fractal I think it will make accordingly.
Clear as day? Nice bounce, funny how it just got to the top of this channel edge and got perfectly rejected... Let's see... purple 150-165 satoshi box still in play. If we break the channel and back test it and continue growing, I would flip bullish. For now, waiting to get a burger from the mcdonald's formation lmao. If you bit the bullet yesterday and scored a buy on the low, now is a great time to hunt for a short opportunity on this bounce. Be a friend of the trend, be patient
All you gotta do is look :)Of course, we could just bust through and start making higher lows and higher highs... but for the time being, like I said before, I don't wanna "call it too early" but hey, it hit the channel and bounced off... go figure right? Still looking to see how that purple box will hold :) Patience my friends, patience. Be a friend of the trend and don't try and fight it.
30min Getting in the overboughtWeekly RSI still has plenty of room to go down and so does the daily. Nice bounce, but we need to see if the price will come down to do a second test as it usually does and then to see if it breaks lower or not. No rush to get in here, just watching and waiting.
