Bigger picture of Zilliqa vs BTC
My English is not that good but let me try to explain what I see.
From the first run up you see that it retraced and broke the high, after that it bounced of the extensions until it broke that maximum level fib, that was were the real fomo started with a big fall as result.
After that big mountain top you see that it Peaked another time but exactly at the top fib extension level.
What happened afterwards is it went back to were it al started, normal fib levels. What we might see now is a little cool down period where investors and big players are going to buy huge bags of Zill
So maybe its not a bad idea to grab some and wait for the next run :)
Hope this chart explains a lot.
From the first run up you see that it retraced and broke the high, after that it bounced of the extensions until it broke that maximum level fib, that was were the real fomo started with a big fall as result.
After that big mountain top you see that it Peaked another time but exactly at the top fib extension level.
What happened afterwards is it went back to were it al started, normal fib levels. What we might see now is a little cool down period where investors and big players are going to buy huge bags of Zill
So maybe its not a bad idea to grab some and wait for the next run :)
Hope this chart explains a lot.
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