loooooooool0r

long ZIL / BTC

Long
BINANCE:ZILBTC   Zilliqa / Bitcoin
FA:
+ $ZIL Mainnet in Q3
+ successful Testnet v2 + possibility to deploy Smart Contracts written in Scilla + over 10K TPS @stresstest with 1000 Nodes and 4 shards

TA:
+ falling wedge
+ bounce of the 0.786 fib
+ bullish divergence
+ ZIL/USD holds still above a longer term bullish trendline.

- if BTC continues its uptrend without a rest it could still go lower
- we have been forming a similar wedge and broke down on June 22nd

in case it beaks down below the wedge I expect it to go to the second green Area at the 0.886 fib which should give us more support.

SA:
possibility of an ETF approval for $BTC is shifting money from ALTs to BTC causing the further dump of ALTs
alts can follow as soon as $BTC cools off

Comment:
twitter.com/zilliqa/.../1021805980701474816
ZIL gets listed on Ethfinex and Bitfinex -> community vote - 2nd place
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