Zil the 1x maker ready to yolo dive to moon! for BINANCE:ZILBTC by Trader_Shayan

Hello friend, viewers, followers and people of the crypto land who like another 1x maker analysis. :)

Welcome to another season on mastery of parabolic surfing.

looking at the 1-hour chart, we can see that after a huge uptrend Zil consolidated through a bullish pattern called falling wedge ( the dotted blue triangle) broke out of it, retested it and curved to the north and stopped at the resistant
of all time high. As you can see it created a hanging man candlestick right after a big green candle ( yellow candle in my chart hihi xd) and it followed by another red candle. At this moment I can see a short retracement in form of another curve to create the handle for our cup and handle pattern (follow the red curve line) which gonna make a bullish pattern and prepared the rocket launcher ready for Zil to fly to the parabolic land.

If you wanna buy this trade, you have to be patient like a hunter and wait for the chart to make that 2nd curve and break above the 1190 sat resistant at the dotted black line to enter this trade.
( breaking above means you have to wait for at least a 15 min candle to go above that line and close and then wait for another candle to open and close above that line for confirmation)
( so basically you want the price to go to that red box and close a candle there before buying!!! xd )

I'm gonna update this trade when we get there.

Good luck hunting traders. :)

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BTW, Let me know if you like this white themed chart or the previous dark and rainbow psychedelic charts :/ !

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For educational purpose this is called a hanging man candle, which is a combination of 3 candles in this order, a big green candle followed by a red hammer and follow by another big red candle which shows a little bit of downtrend in this case!

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this diamond patter Might play as our handle, I'm not sure yet.
it's either the blue scenario or the red scenario.
we have to wait and see.
either way, a break up to the blue box with high volume and closing the candle above that is going to be a buy signal.

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red scenario is in play.

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should go down to the yellow box and start curving there. you don't wanna buy it there. unless you see the price stops there and candles close and open in that area.
that's called new entry of cup and handles. if the price stopped there. open and closed candles there and started to going sideways for few hourly candles. if you bought it there have a stop loss below the box.

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respects the box

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just like the plan ;)

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we bounced from the zone, moving to the dotted black line.
good action so far.
remember if you wanna enter this trade you have to wait for a break above the dotted black line into the blue box.
candles have to close and open there.

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working really good getting close to the resistant at the dotted black line. we want the candles to go to the blue box and close there. remember it a candle has to open and close there with good volume.

i'm gonna update the post when we get there.

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it's an awesome setup, just needs volume to hit in before it flies.
its gonna be just like our TRX and EOS trade hopefully. ;)
I expect huge gains from this one in the coming week.

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remember to wait for the buy zone.

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we are slowly moving to the dotted black line. it is NOT a buy signal yet.
remember guys you always wanna buy off the supports and sell into resistants! not buy on the resistants!

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it's getting close to our buy zone. it is Not there yet.
so we have to wait :)
patient name it the game and make money. think slowly take a beer and chill xd

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Man I haven't slept for 48 hrs watching charts non stop <.<
I don't know why everything breaks out right when I wanna sleep xD
but its okay I'm gonna guide you true these 3 charts that I'm monitoring at the same time.
who wants to sleep let's make some money zzz...

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alright, let's get to education, this is why I always tell you to wait for the buy zones above the resistants. moves have a chance to fail at resistants however they look legendary. you don't wanna buy at resistant. you wanna wait for it to breaks a candle goes above it and closes there on high volume. then you buy.

repeat it with your selves xd "buy from supports, take profits into resistants. "
you make money.

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look :P
I have a magic bulb

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its working awesome though, soon it will be at out buy zone.

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I think we gonna make another little cup before going up, this resistant is fighting strong. remember the buy zone is the blue box, we are not there yet.

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heh what cute little handle, was smaller than what I thought xD I'm crying some
" some ta dude sitting in front of the chart for 48 hours sleepy AF is talking to himself"

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we are piercing the resistant very good action.

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good break out
see guys this is a breakout on high volume. high volume is the key to see if its a fake break out or not. we are in the buy zone.
I expect the price to behave according to the redline.
maybe a retest of the resistant to confirm it as support and moving up.

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you can buy with a stop loss 2% below the dotted black line.

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its wise to ladder buy your position a bit in case it retests the resistant you can load a bag at that price.

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sorry that I had to just post without letting you buy cause I had to make sure the scenario is correct and your investments are gonna be safe.
before that area was a risky area to purchase. unless you would have bought at my previous buy zone on the yellow box.

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I have to wait for confirmations before putting your money at work just for your own safety.
it's better to get less profits but secure your investment.

that's trading 1st rule secure your investment then think about profits.

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enjoy the ride, for now, I'll take a nap! don't forget the stop loss below the dotted black line.
i'll update it later tomorrow.

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as i expected retested the dotted black line as support.
best time to buy.

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stop-loss 2-3 % below the dotted black line.

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this hammer candle show can confirm the dotted black line as support.
i expect some sideways and then it should follow the the red arrows.

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very good, the dotted black line is showing us that is acting as a good support and we can see the sell side volume is decreasing, its due to people taking profit from the previous swing high.
I expect some sideways action for some hours maybe and then a moon shot to the next dotted black line at 1356 sats. there we'll have some consolidation. probably in a form of a cup, cause Zil likes cups.

it's funny during my experience in crypto I found out that each coin is like an animal, they have different behaviors, they like to do different stuff. but once you master what type of animal they are and what they like to do, then you can ride them to the moon.

I really should sleep probably xd

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we can see the first green candle coming :) after the sell side ended.
ok, we are safe and sound ready for the next target and now that we are safe I can sleep.

good luck trading my astronauts ;) gn

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yoohoo

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bye, seriously this time.

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this is not what I wanted to see when I come back :/
apparently, BTC has dropped 300$ from 9450 to 9150 and it has affected the whole market really hard...

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the fact that the support dropped and price felt below it. its a really bad development. however, we should consider that it has happened because of the massive btc dump.

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however, it is still in an uptrend I wanna see how it gonna react to the dotted black line again. will it get rejected or not.

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okay, friend, there are 3 scenarios you should be aware of playing with zil atm.

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i'm gonna post them 1 by 1 and explain to you.

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1st scenario which is a good scenario.
price tests the support on the yellow box. bounces up and break that resistant.
at the dotted black line.

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The 2nd scenario it goes down to below the red line on top of the orange box.
That's gonna be a bearish signal and cancels this trade.

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3rd scenario is it does down on the yellow box, bounces from there but fails the rally halfway and go back on the yellow box. that's gonna make a bearish pattern called head and shoulders.
I that case trade is gonna be canceled as well.

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so if you wanna buy into zil, you wanna wait and see if the first scenario plays out.
and the price goes above the blue box and the previous high of 1220 sats.
that's gonna be a good place to buy.

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seems like zil has created a falling wedge. i've seen them break too any side but they usually break to the upside. a break above the triangle with high volume and closing the candle can be a good entry.

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zil got massively affected by recent btc drops. but it made a good development.
as you can see it retested the bottom of uptrend channel ( the dotted red-line) and bounced from there. we wanna see if it can hold there and get above the dotted black line.

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had to change some trend lines, as I sad the other time it held the uptrend channel and had and a chance to go up. and seems like it finally finished the cup and handles.

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awesome it hit the previous target at 1356. now it has made an ascending triangle and broke up from it moving to the next target at 1420 area.

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it was a 1 min chart btw <.<

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next targets 1420 and then 1500 area.

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moving to our target, the move is supported based on 3 different measured moves,
from the cup and handle and the bull flag. they all point to an area between 1400-1500 sats.
but I expect the move to stop around the 1450 sats, to fight with the vertical resistant of the uptrend channel.

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finally, zil formed a clear bull flag. and its about to break up.
looks bullish AF xd next target will be around 1500 sats.

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yoohooo!

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hit the vertical resistant of the uptrend channel as I said in my last posts at 1450 and pulled back, that's due you traders take profit off the table after breakouts to be safe if it pulls back so they can rebuy or not lose profits.

you guys should do it as well btw wink wink pro tips.

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anyways its good to go for next targets it might consolidate a bit before going up.

good luck trading i'll update again later.

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we are up 38% from the first entry of this trade. And it reached the target.
However, it looks a bit like a double top atm. it's wise to take some good profit out of the trader. have a tight stop loss and let it run.

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early to say but looks like its flagging we are good to go

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looks good it broke the 1500 sat of uptrends trend line and appears that it has made a parabolic cup, you can expect a target between 1706 and 1836 from it for now.
play with stop losses and don't forget to take profits on the way up.

good luck trading

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almost at our first target, don't forget to take profits there :P

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We are 60% up from the first entry :)

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It's funny to me that how some people think TA doesn't work :P trust me I'm not a whale to effect the charts I wish I was :))

you see how it hit our target and made a large wick?

hope you took profits there.

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Although its still a healthy chart and it can move to our 2nd target we can see the bullish divergence on the RSI.

it can go to our next target, there I expect a retracement and making a base.

it's wise to play it with trailing stop loss from here and let it ride.

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almost there

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the RSI reached a place that is historically a resistant. so its wise to take profits.

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2nd target reached. from here I really can't do any especially TA on it cause I don't have any data to analyze. I expect it to make a base here, but however, it can go higher.
play it with trailing stop losses.

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We're up 72% from the first entry. :)

good luck trading.

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boom :P hope you took profits and had stop-loss.

alrighty, it was a nice 80% trade.

I'm done with it for now.

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hope you enjoyed this trade :P

80% up from the first entry.

i'll update zil in another post if i see another swing possible.

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well i wasn't expecting this to happen :3

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apparently, it has made this flat top triangle base and then shot up to 2.4k sats
while I was sleeping.

awesome i missed this easy 30% :/

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at this point, we can expect it to retrace after a 100%+ move cause trades wanna get profits out. also, we can see that big wick on top and also the price is not going up while volume is skyrocketing.

it looks like some topping action to me at this moment, but you never know. so you can play it with trailing stop-losses.