I did not pass through fire and death to bandy crooked words with any serious correction this early.
Confluence of 3 things: 1) The magic curve that continues to be respected 2) Major Fib circle level 3) Boundary of Pitchfork Normally it would retrace after that, going by the declining volume, but with Staking beginning next week and HG Exchange on the brink of exploding the volume of ZIL trading soon, taking profit here would be a huge gamble. "No Gimli, I...
The curve is holding very well. After $0.282, being a fib circle level, it may dance around and possibly retrace. All short term though. $1 price target easily achievable by Oct 2020.
The curve has 5 touches already. June should see 2c and 4c targets hit, conservatively speaking. This does not take into account the euphoria and FOMO that will accompany the commencement of 10% staking for a coin due for 20c at least, where it will merely equal a price it once reached (previous ATH). Hg Exchange will allow Tesla stock and others to be purchased...
Next target will be when the chart hits the 2.618 fib circle. The price there is an estimated $0.04 where it could accumulate slightly before going even higher.
BTC Will take the path of Caradhras into the new year
200 week MA is just about done with Bitcoin and we are on the brink of the halving
Only then going down, after a dance with the 200ma
200 week MA has been tested just like it did years ago. 0.618 extension also mirrors 2014. At this stage, we may get a rise then a little drop to pierce the 200 week MA. However, by then, it doesn't look like the price value will actually be lower than what we've seen in December 2018. That mean's the bottoms' already in. It's time for the revolution! Don't...
Just like it did before, and send the graph closer to the pitchfork's median line
It's the dead dwarf bounce. Should take us to the vicinity of the .618 line (if not as high as 0.5) line. To be safe, I'd start shorting from 6700, which is just below a .786 retracement between the 2 levels. And then it's back to the shadow again.
If the 200ma rejects, it'll be the bridge of Khazad-dum all over again,... "Go back to the shadow! You shall not pass!"
Around the turn of Apr/May, we saw a similar pattern. 2 attempts at touching the 200MA, after the 2nd one failed, down we went. With the 200MA currently dropping day by day, it's possible we may not even reach 8500 before the big dip we've all been waiting for happens.
Look familiar? We should have the last rally now, till at least 11k.
I think we'll go down for just a little bit more, then go up (false rally or C wave of the correction) until it hits the 0.38 fib line (approx $11,300) before crashing down in an impulse 1,2,3,4,5. I would buy now, sell close to 0.38 fib then watch the house of cards burn. Then buy the ashes as tickets to the moon.
We don't serve neutrinos here, said the bartender. A neutrino walks into a bar.
All it's thought is bent on it... It's heard its masters call...