XTZ (Tezos) - Key level broken - 40% upside potentialThe market seems to be recovering and moving from bearish to bullish (in the short term at least)
Tezos has built up 4 touches on a key level and broken through. It's likely we see a retest before lift off. If tezos grows we can aim for a re-test of the previous high. That's a 40% increase and would be a nice catch.
In my opinion Tezos is undervalued compared to other coins and I think we could see real action if the wider market trend starts to accelerate and 40% could just be the beginning.
If we fail to meet this rise upward - we look fairly safe at the $3.15 dollar mark and I would expect it to bounce and consolidate here.
This is not financial advice.
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Tezosusd
Make or break time for TezosIf XTZ closes the week below $3.50, I'm expecting another three to six months until we come close to retesting $5.50. Bottom price target is around $2.25 by May if the bears win the rest of this week. If somehow XTZ manages to close the week above $4.25, this would be incredibly bullish and I would expect to see an enormous surge of buying follow. Needless to say, XTZ volatility has just begun. Perhaps the Tezos foundation could do us a solid and start exchanging the 20-30 thousand bitcoin it owns for Tezos.
TEZOS ROAD TO 100$ TEZOS IS THE MOST BULLISH ALTCOIN OF 2021 AND WILL OUTPERFORM EVERYTHING.
#Easiest gains you will ever make assuming market dont go bearish.
1.Tezos has a lot good juicy stuff happening in 2021.
2.Tezos was at this market cap 1 year ago and all of the other alts moved 20-30x
3.TEZOS is on greyscale/coinbase
4.TEZOS HAS A LOT OF MONEY UNLIKE OTHER ALTCOINS COMPANIES. (Cough cardano foundation)
5. TEZOS IS BEZOS FROM AMAZON!!!
Dont yolo on futures but buy on spot and hold. Enjoy them gainz
Tezos positioned for its highest monthly closeThe last 6 months have been trying for Tezos holders, but patience might soon pay off. XTZ is currently trading in the $3.50 range, and should it break we could see new all time highs shortly thereafter. If the February close is indeed the highest mark yet, the remainder of 2021 should be electric for Tezos.
More Wedges XTZXTZ Idea
More wedges a continuation from my last post about DGB
Currently within a broadening wedge
This has promise to act bullish and push the price back into the rising wedge
Rising Wedges are often bearish, although lately I have seen some bullish ones
Falling wedges are more than often bullish, emphasized on chart
XTZ correlation with LINK - still alive & beats buy-&hold nicelyPlenty of traders buy XTZ whenever LINK makes a big move in the hope that the same will hapen with Tezos. There has been a lot of discussion if this practice is a waste of time or has an acctual edge. I will share here an idea that is being developed for the past 3 months. The sample size is still low at 20 trades, 30 would be optimal, so this is in progress.
WILL POST ALL POSITIONS BELOW
The strategy:
Toyed with plenty of indicators, support and resistances that affect LINK. However using them on a different asset produced quite some noise because of the lag that was acctualy needed in this correlation strategy. So in the end the winners were simple increases/decreases in the price and volume at which LINK was trading. Used many different increases/decreases tresholds to time positions. Small price increases like "up by 2% in the last day" were not productive.
Secondly the need for a confirmation indicator to close positions became apparent as we were holding winning positions too shortly. A simple SMA, albait at length 60 SMA did the trick.
The rules:
Painfully simple rules is the way to go. This is all done on the 1H timeframe, although we look at the previous day price/volume movements too. So in our case we will:
Open an XTZ position when: LINK/USDT price is up by 5% in last day
Close the XTZ position when: LINK Total Volume is down by 4% in last day AND Price is below SMA (60)
No Stop Loss or Take Profit
Do not open a psoition if both the open and close rule are true at the same time (price is up, but volume is tanking)
The results:
In the last 3 months the strategy brought in +66% on spot. If you were just holding XTZ you'd have +39.5%, so a significant imrovement with a lot of potential on futures.
We saw 20 trades in the 3 months, loosing 11 and winning 9. The wins are more sizable with the gains, so maintaining this rate would be ideal. Most positions are held for 2-3 days.
The max drawdown in the entire period was 7.75% which is excellent.
The optimization:
It might be worth looking for a third close indicator as it still does not capture the peaks to perfection. In case anyone has an idea, please post it.
The positions:
21/01/2021 00:00
25/01/2021 00:00
4 days
OP 2.9099
CP 3.0431
+4.58%
18/01/2021 06:00
19/01/2021 19:00
2 days
OP 2.9157
CP 2.9351
+0.665%
17/01/2021 19:00
18/01/2021 05:00
10 hours
OP 2.8984
CP 2.8806
-0.614%
13/01/2021 14:00
17/01/2021 08:00
4 days
OP 2.4038
CP 2.7634
+15%
12/01/2021 07:00
13/01/2021 00:00
17 hours
OP 2.3687
CP 2.2979
-2.99%
09/01/2021 16:00
10/01/2021 19:00
1 day
OP 2.6017
CP 2.547
-2.1%
09/01/2021 04:00
09/01/2021 05:00
1 hour
OP 2.5415
CP 2.5249
-0.653%
03/01/2021 01:00
08/01/2021 01:00
5 days
OP 1.9975
CP 2.4438
+22.3%
01/01/2021 13:00
02/01/2021 00:00
OP 2.0743
CP 2.0081
-3.19%
24/12/2020 23:00
31/12/2020 00:00
6 days
OP 2.0752
CP 1.9896
-4.12%
16/12/2020 17:00
19/12/2020 00:00
2 days
OP 2.3128
CP 2.3253
+0.54%
12/12/2020 12:00
16/12/2020 01:00
4 days
OP 2.1392
CP 2.2155
+3.57%
09/12/2020 23:00
11/12/2020 00:00
1 day
OP 2.1786
CP 2.1059
-3.34%
03/12/2020 04:00
03/12/2020 06:00
2 hours
OP 2.4209
CP 2.38
-1.69%
27/11/2020 17:00
03/12/2020 00:00
5 days
OP 2.2312
CP 2.3885
+7.05%
20/11/2020 09:00
26/11/2020 00:00
6 days
OP 2.1004
CP 2.5969
+23.6%
16/11/2020 18:00
20/11/2020 00:00
3 days
OP 2.0879
CP 2.0773
-0.508%
10/11/2020 10:00
12/11/2020 00:00
2 days
OP 2.1627
CP 2.1244
-1.77%
05/11/2020 15:00
09/11/2020 03:00
4 days
OP 1.9195
CP 2.0808
+8.4%
27/10/2020 17:00
29/10/2020 00:00
1 day
OP 2.1036
CP 2.0003
-4.91%
Happy to answer any questions!
Tezos Trust Coming - Multiple Your BTC w XTZ Bitcoin MultiplierTezos until we Bezos. XTZBTC is looking really good for a reversal. Bitcoin should hold steady with institutions holding it down at $30k. This is a great time for altcoin laggards to shine. XTZ will have a candle close above the 50 day EMA and the bull trend should continue. Tezos trust is coming - load up
XTZ double high correction and entry levels - LONG TEZOSTezos felt down drastically as the cryptocurrency market has had a massive sellout. XTZUSD price is about to hit strong SUPPORT around $2.2419 - $2.2711. This level could be good to enter the market with a LONG position.
Here you have entry levels to jump in:
$2.2419
$1.9897
$1.7835
TEZOS IS STICKING TO TREND hey guys this is my XTZ chart , it made a new support right under mines , looks about right for a reversal in the trend , the market is up in the last 24hrs , so you can expect a movement back towards 2.50 . this is a great buyzone.
hey guys i was wondering since i'm doing GRT , should i do a ROAD TO $5.00 with TEZOS ?
give me a like and ill make sure i keep you guys updated with XTZUSD as well as GRTUSD .
i can deff keep you guys updated on both , only if you want of course .
thanks for all the love , you guys are amazing .
XTZ gives a chance for another successful trade!Hello, Traders!
XTZ continues the consolidation phase in the range of $1.84 - $2.22
After the long-squeeze, we can observe the buyer's interest in the asset.
The value of the RSI indicator on the 12H timeframe drives out of the bearish zone.
Entry into the deal can be observed after the level of 0.382 of Fibonacci retracement in the range of $1.98-$2.08
The SL can be considered under $1.86
Price targets: $2.41 $2.65 $2.90
Good luck and watch out for the market!
P.S. This is not a piece of financial advice, but a trade I would be following myself
XTZ 12h An aggressive buyer appears on the chart, we are waitingIt looks like XTZ has finally started buying back.
In the previous ideas, we wrote that the uncorrected fall of XTZUSDT is scary. However, the buy back began from the zone which we had marked on the chart a long time ago.
Since then, the price has never lowered to $1.78.
Looking at the chart, you can see that for the last month someone aggressively buys out XTZ as soon as it approaches $2.
It is likely that in the coming days, the buy back level will be raised to $2.20.
Growth up to $3.20 is our priority.
The priority and the situation on the chart will change if the price can fix below $2.
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