ZIL has had a brilliant couple of months, thus creating a very nice price trajectory in a parabolic advance trend, that now needs to be worked out next.
Seems like the $0.0215 level is lost for good, so I will for the time being discount any possibility to revisit it. BUT if this level is broken and closed above, straight up continuation is more likely.
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Strong support at bottom of range and parabolic breakout potential at top. Based on emergent view of BTC as moving into new phase of trajectory based price discovery indicating Short term BUY at 7730, SELL at 9700. Model invalidated by fall beyond 6620 or failure to make 10000 by November.
Based on recent price action and a clearer parabolic picture, I've revised my estimate upwards from $30,000 in two years to $50,000 in two years. Nothing in this post is a prediction.
Traders should be very very very careful with this instrument. High volatility is...
The bull run today was strong but there are other things happening. I say more in the video.
Do share some thoughts/perspectives. It's good to learn from others. Best wishes.
In this vlog I explore mainly the shape of the younger Bitcoin parabolic correction with the much older and seasoned Wall Street (US30).
The emphasis here is in the nature of the struggle to avoid correction and the similarities in form .
The parabolic struggle seen in Bitcoin on the daily time frame, could well be reflected in the US30 on a weekly time...
-Parabolic curves
The Mean average % gain is (51%) from the bottom of a correction to the next bottom of a correction!
51% price rise! Even if you sell at the bottom!
