Tezos
Tezos Correction -90% From ATH | Will Grow For 2+ Years After...Tezos (XTZUSDT) has done a massive -90% correction from its All-Time-High and so far hit its November 2019 low levels.
Just a bit lower and XTZ will be trading at All-Time-Lows...
You know what we love to say; Once we hit bottom, the only place left to go is up.
One final drop and the bear market is over for this pair.
It can go lower to a total of -91 to -93%.
After this last move, painful I know, we are very likely to see higher highs and higher lows for years to come.
Over two years of bullish action... All through 2025 and beyond.
Stay strong, the best is yet to come.
Namaste.
XTZ - Potential Inverse Head&Shoulders!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
XTZ is sitting around a strong support zone and round number 1.0 so we will be looking for buy setups.
XTZ is forming an inverse head and shoulders pattern but it is not ready to go yet.
For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, XTZ would be overall bearish and can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#Tezos down 33% in 3 weeks, XTZ under PressurePast Performance of Tezos
Tezos remains under immense sell pressure, looking at how price action is on the daily chart. Despite the broad market recovery, XTZ is edging lower with support at around $0.90. There are lower lows relative to the lower BB, but sellers remain dominant.
#Tezos Technical Analysis
As an illustration, XTZ is down 33 percent from November peaks and 52 percent lower from Q3 2022 high. Accordingly, sellers are in a commanding position. Therefore, for Tezos bulls to shake off adamant sellers, there must be a decisive close above $1.05 in the short term and $1.20, reversing November 9 losses in the medium term. As long as XTZ prices are below $1.05, sellers can unload on dips, targeting $0.90 and $0.80—or September 2019 range.
What to Expect of #XTZ?
Down roughly 90 percent from the 2021 high, Tezos sellers have unwound all gains of 2021 and 2020. Prices are now at 2019 ranges with a bleak outlook considering the relentless wave of lower lows.
Resistance level to watch out for: $1.05
Support level to watch out for: $0.90
Disclaimer: Opinions expressed are not investment advice. Do your research.
An update/followup on the tezos inverse head & shoulder pattern Much like the algo chart, tezos has formed an inverse head in shoulders inside a slightly bigger inverse head and shoulders and now has 2 necklines which means 2 breakout targets. Still developing for now but it appears the it is confirming the first pink neckline as support here. *not financial advice*
XTZ - 2x OpportunityReposting this since the last chart was removed for some kind of infraction.
Since we reached the level at which I said it's a good idea to accumulate, I thought I'd provide an update with a prediction of where the price can go next. Keep in mind that if you bought here, the best time to sell is end of 2025, but if you want an earlier mid-term target then I think I have a trigger and a set-up for you.
If the price retraces all of the FTX dump and closes above $1.4, then I can see it squeeze up to the area highlighted in red in the chart ($2.8 - $3.2). That means one can buy at 1.4 and 2x within a few months. As I'm sure you all now know, that's pretty much as good as it gets during a bear market. It may even be asking a lot. Keep in mind that if that level is lost, if the price closes below, then this prediction is invalidated. What I mean is that my prediction holds only if we get to and stay above $1.4.
This doesn't just go for XTZ. It's like this for all other altcoins, and includes BTC, too. If they close above the point at which the market began dumping on news from FTX , then they're likely to pump hard. I intend to post a few more charts showing what I mean.
I've been bearish the whole way down, but I think the bear is starting to finally hibernate, and the bulls are beginning to wake up. It'll be slow at first until mid-2024, and then, after the halving, we'll see the bulls rampage again.
POLY Moving to Substrate/DOT. POLY will be soon be POLYX. +400%This might be the most underrated project in the cryptosphere is it is certainly the most underrated token tied to the Polkadot ecosystem.
Polymesh Network testnet has been launched (aka Substrate/Polkadot)
A tool to help you upgrade your POLY on Ethereum to POLYX on Polymesh. POLYX is the protocol token of the Polymesh blockchain, used for network processing fees, protocol fees for using network modules, and block rewards.
Polymesh Testnet V2 just launched, token studio w DAPP, Staking, Smart Extensions etc.
Polymesh Mainnet Launch is Q1 2020
I believe that POLYX will the be the STO pillar of the Polkadot ecosystem. They have been around longer than Tezos and I feel that Subsrate is a revolutionary technology. Huge potential and the community does not yet understand how revolutionary Subsrate/Polkadot is.
Lots of synergies between Polymath and Gavin Woods Parity
When people start to connect the dots (no pun intended) this thing will explode. See XOR for an idea of the hype around the Polkadot Ecosystem. POLY currently in ninja mode but for how long.
XTZ/USD - 2018 bearschizo bros rise up!If we get the brutal 3 year bear run, these are the levels I plan on buying XTZ. Veterans of last bear run would not be shocked if we saw 90-98% drops on major coins, regardless of their fundamentals. Even ETH dumped 94% last time.
This is one of my contingency plans - obviously not advising anyone to follow suit. I still have some alt suicide bags. That said, in my opinion it is a good idea to have cash handy for these possibilities.
Blue - dip toes
Green - long accumulation
Purple - buy with size
(exception is if the project dies, otherwise I think these bags would make me a happy man in the next bull run, especially with baking.)
CryptoMania- in 2018-2019-2020, Cryptos markets fluctuated bewteen 100 Billlions to 400 Billions.
- At the start of this BullRun, we got a push of 2000%! Rockected to 2.5 Trillions !
- Now and it's totally Logic that we retraced 50%ish and back to 1.20 Trillions, according to Elliot Wave, we just finished Wave 4 Retracement. Remember always that Cryptos are most fast than you, for the push and also for the dip !
- The Next push should propulse us to 3.5 Trillions Total Crypto Market ( +200% ish), 161.8 Fibo.
- This trend is theorical but clearly possible and very preservative, i had to made it to make peoples understand that we are just at the beginning of this fabulous Journey.
You are parts of the Web3.0 Story, Defi, Decentralisation, Swap money from your computer and so much more is coming.. could u imagine that 10 years ago ?
- With time the old banking system will be obsolet and die slowly.
Don't lose your faith in cryptos!
Long Cryptos, Short Banks !
Happy Tr4Ding !
FTX is Just Another Market Correction: Liquidity and RegulationsI'm sure you've probably already heard the news about FTX so I won't cover everything - but there's a few things we might expect, longer-term, from the scandal this week.
- More Regulations: This incident embarrassed a lot of powerful people as well, so the likelihood of more substantial regulations coming down the pipe is now much higher.
- Increased Liquidity: Lots of people are pulling money outside of crypto right now, which explains why the prices have dropped so much this week, as a whole. (Especially Solana, which took an outsized hit compared to the rest.) But the money is still there - some will leave, but some will come back...hopefully with better research. It may present an opportunity for smaller alts to grow after the dust settles.
The crypto ecosystem has gone through a few exchange collapses already (ex. Mt. Gox) so crypto itself will still continue to press on. But I fully expect for more stories like these to unfold as we head further into the recession - the money printer has run out of ink, after all.
#Tezos Dumps 35% in 3 Months, Could Slide to H1 Lows of $1.20Past Performance of Tezos
Tezos is down 35 percent from August 2022 highs and remains under pressure. The daily chart shows XTZ prices are printing lower lows, capped within the middle BB, and retesting $1.33. Technically, price action favors sellers in the short term. There could be more liquidation if bears force prices below July 2022 lows.
#Tezos Technical Analysis
Tezos hasn't been spared the uncertainty and drawdown in the broader crypto and financial markets. Overall, the coin is within a bearish trend, below the middle BB, a dynamic resistance level, and $1.46 is a critical liquidation level. XTZ might recover, especially if buyers soak in the deluge of selling pressure. The October 13 bull bar defines the short-term trend. Bears will be in control until there is a confirmation above the middle BB and $1.46. A close above $1.46 may see XTZ rise to September 2022 highs at $1.70. Losses below $1.33 may force XTZ to 2022 lows at $1.20.
What to Expect from #XTZ?
Sellers have the upper hand, but the tide could change if there are above October 13 highs and the middle BB. Preferably, a spike in trading volumes, exceeding this week's average, might reinvigorate buyers, pushing them to new October highs.
Resistance level to watch out for: $1.46
Support level to watch out for: $1.33
Disclaimer: Opinions expressed are not investment advice. Do your research.
The End of the Deflationary Asset EraDeflationary assets - aka artificial scarcity - is a product of the mediocre mind. Exponential growth and real social progress comes from the idea of "growing the pie". It's weird how people don't use that phrase anymore since it has become such a foreign concept at this point.
Bitcoin (and now Ethereum), NFTs, real-estate (both IRL and the metaverse), healthcare, education, and the economy as a whole has succumbed to the "scarcity mindset" and is in danger of collapsing on itself since it doesn't know how to grow its ecosystem from its base.
Those mythical 100000x returns doesn't come from flipping or nickle-and-diming individuals but from growing the ecosystem as a whole. To keep the good times going, the response should be to increase capacity, not try to ration out your existing stock.
Ethereum was particularly disappointing to watch this year because they had the capability to be so much more but chose the mediocre path when they started burning their own supply. Like Bitcoin, they put an expiration date on themselves and can now only expect modest returns from here on out.
To be fair, "growing the pie" is very difficult and requires a higher degree of creativity and ability to spot new win-win scenarios from seemingly thin air. But that's why we have geniuses and entrepreneurs to fill that role that typical biz-dev types are unable to do.
As the scarcity economies continues to do what it does - shrink - it's unfortunately going to take innocent bystanders with them. We're going to find that most of our tax dollars have been working to keep the illusion of sustainability rather than of real growth.
But the silver lining is that as the status quo continues to implode on itself, the opportunity to grow the pie once again becomes possible. It's a cycle that has happened before and will happen again. With that, it's at least possible to navigate through the chaos. Good luck, folks. 🤞