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XTZBTC

Tezos Long Term Bull Dead or Did they Just SlippedOn the left we can see what a perfect long term shape it made in 2020 and an even more amazing breakout with huge volume. It was all just perfect, couldn't get any better!! But as we have seen since Bitcoins 10K exit scam move, it dragged Tezos down with it, which would have been okay if it had just retested 2.20/2.50. In theory 1.80 was allowed as well, but the market had one of it's worst days ever and XTZ broke it's VERY important support at 1.80. Now as the title says, maybe it was because of the extreme liquidations that the Bitcoin leveraged brokers couldn't handle, which caused this extended dump. That is clear, but still, there were many people who sold their XTZ coins, so it was still voluntary selling. Now to be honest, i don't even know if XTZ is a highly leveraged traded coin like Bitcoin or ETH. Because if it is, then maybe it were the bulls that slipped. If not, i tend to say the long term support broke, the breakout simply failed and a big chance it's bad news for this year. Now looking on the right, we can see it actually made a similar shape as we have on the left. With a nice breakout but with shitty volume. So still at a dangerous place if you ask me, which we can see being confirmed with the weak movement of the past days since the break out. It's still above the green zone and in theory it can still make that strong volume pump, but so far doesn't like it has that intention. But as we know, financial market do the unexpected many times, so there certainly still is a chance. To give guidelines for this, i have drawn those channels. The bigger one shows price is moving in a downtrend, which is not great for a retest. Usually want to see retest happen fast and price pump again (showing eagerness of the bulls). So until now, not seeing any of that (yet). Then i have drawn a smaller channel, now i am not sure if I have drawn it correctly, but it seems it broke it's support already and could be headed to the support of the bigger channel. Now from my experience, a retest is always allowed after a breakout, but a second retest moves the odds to neutral or even slightly in favor of the bears. So i think it's better to see a higher low than the first retest at 1.8 three days ago. There is maybe a backup plan around 1.66 (lower green zone), but its a bit of gambling though to say that upfront. Short term, think bulls need to break the red zone on the right around 2.05, similar as i described in my ChainLink analysis. As i am writing this, it made a small drop. almost breaking today's low. Please don't forget to like if you appreciate this :) ChainLink analysis:
BITFINEX:XTZUSD
by botje11
7
XTZ - Market Cap - 4H - Possibilty of (ugly) H&S + Chart choose1) We can see a forming H&S, which is not perfect and not confirmed yet. The first shoulder does not look well, but the forming second looks more nice. What is interesting is the price target after this H&S could fall perfectly to a good support line. There is also some support/resistance zone to cross before reaching this point. 2) Why do I use XTZ Market Cap chart instead of pairs? XTZ volume is still low and is splitted in different exchanges and pairs. Some pairs like XTZ/EUR on Kraken has a very low volume in important moments. I've been several times been false with my trendlines because the volatility makes me wrong with lower or higher candles compared to other pairs. XTZ Market Cap chart is like an average of all charts and reflect, in my opnion the best trend possible. We can use it for H4 and more timeframe for the big trendline then we can switch to our trading pairs XTZ/Currency (not working for XTZ/CRYPTOCURRENCY!!) for the lower timeframes and goals.
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by Spare1
1
Tezos Prepares For Round 3 (Chart Analysis W/ Targets)Tezos (XTZBTC) is looking great after the retrace, prices are now moving back above EMA50 and EMA10. The MACD is showing a bullish crossover with the histogram going green. The RSI also looks good and can easily boom higher. Here Tezos can jump, but if prices move lower and break our 'SUPPORT', then another drop comes. Even if prices drop, we remain bullish after and expect a strong bounce. Thanks a lot for reading. Namaste.
Long
by AlanSantana
2
Tezos Could Increase By More Than 30%!The XTZ price is currently trading inside a strong support area found at 25,000 satoshis. This is the previous breakout level, the movement above which in the beginning of February eventually led to the all-time high price of 40,530 satoshis on Feb. 21. The price has created a descending wedge, out of which it is in the process of breaking out. I think the price will break out for several reasons: Creation of a bullish reversal pattern inside a significant support area Bullish divergence in the RSI Possible RSI movement above 50 Target 1: 28,500 satoshis Target 2: 33,500 satoshis Stop loss: 24,000 satoshis Please leave a Like and comment if you enjoyed the analysis.
XLong
by BitcoinMaximus1
XTZ / USD — WHATS NEXT TARGET Hello people! See this little video how to trade tezos on this week. I explained why it can be bullish. How to find a target. Where to sell This is mid-term idea. Consider to use Stop loss. DONT HOLD SHITCOINS and of course: Please don’t follow any analyst blindly. If you following somebody with good Risk/Reward and Win Ratio. Without risk management and allowing yourself to lose some trades, you won’t be good trader/investor. Always use stop loss to prevent yourself from losses. Make sure you understand and afford the risk. Please. ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊 Stay tuned to Artem Crypto
Long
by ArShevelev
2
XTZ.BTC (Y20.P2.E2).Macro.Looking GoodHi all, Just going to keep it short as its goal is to get its attention on the opportunity. Observation on TEZOS and BTC pairing: > The major trendline is intact; > On the 4 HRLY and DAILY chart, we can see a bullish divergence is forming on the RSI and on the 0.618 fib. level + major trend line\support line; > On the daily RSI and MACD we have convergence where the MACD line s crossing over, on top of the signal line, another bullish sign; BTC looking bullish in the short term as it holding just below the 7k range. Also it seems the movement of the BTC dominance is looking downwards. Many confluences with the bullish scenario. Please give me a tick or a like as an appreciation of this post. Regards, S.Sari
Long
by ssari
2
XTZ BTC Tezos Bounce off Trendline Descending Wedge Breakout?Here we see Tezos is bouncing off and defending a trendline stemming back to January, while simultaneously exiting a descending wedge that has taken the price down for the past month +. And lastly, we can see the macd is on the verge of a potential bullish daily cross...something it has not done in 3 months...which signaled the start of a very nice run up. The question is....how will BTC react and; more importantly, how will XTZ react to bitcoin's moves. There is also a long term horizontal support/resistance line at play (denoted by the purple line). Tentative stoploss should be placed below the diagonal trend support at around 2360 satoshis or so. Trading alts is quite risky right now. Manage accordingly. This is not financial advice.
Long
by ninjacookies
XTZ/BTC 1D (Binance) Another bull-flag formingTezos is creating a similar bullish pattern as it did few months back in Dic-Jan. This time it's bigger so we can expect higher targets to be reach long-term. Also, we can see a triangle on lower time-frame and EMA100 is holding price action. We could wait for that one to break-out first or enter now: Buy Entry= 0.0002531 - 0.0002431 Take Profit= 0.0002829 | 0.0003067 | 0.0003451 Stop Loss= 0.0002134 Risk/Reward= 1:1 | 1:1.69 | 1:2.8 Expected Profit= 14.03% | 23.62% | 39.10% Possible Loss= -13.99% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 1x | 3x | 5x
Long
by TradingOn
5
XTZ/BTC BULLISH TRADE SETUP | SIMPLE, EFFECTIVE TA EXPLAINEDWhat is up Traders! Hope you're all doing well where ever you are! Today’s Technical Analysis will be on XTZ/BTC trading in a falling wedge, holding local support as it sits on the .618 retracement– historically being the pivotal point with a probable break to the upside. Points to consider: - Bullish uptrend, Consecutive higher lows - Local support holding - Holding Support at .618 fib retracement - Structural support still intact - Volume below average - Below Average volume XTZ’s trend has been bullish with consecutive higher lows being established with impulsive bull moves. Current local support is being held with .618 Fibonacci retracement, historically being the pivot point. A break of these technical indicators will test structural support with overall uptrend still valid. A break out of the falling wedge will continue the bullish bias, XTZ will then likely take out highs and enter a blue sky breakout. The volume nodes are in a constant decline and well below average, sign that a decisive move is imminent from current technical trade location. Overall, in my opinion, XTZ/BTC is holding key support; with the .618 Fibonacci retracement historically has been the pivotal point leading into impulsive bull moves. But considering how this market moves and the nature of crypto, a head-fake close below will likely test structural support, where if the price is held, again likely to continue its uptrend. As we've seen, after a severe and long stretched bear market in the cryptocurrency space, we're finally seeing momentum slowly starting to back up specifically in the alts as they rise from the dead, putting out some significant percentage moves... What are your thoughts? If you like what you see, please show some love by leaving a like and comment!
Long
by Kudiiee
4
XTZ strategy.Hello Traders, Today I am gonna be showing a two buying options strategy for XTZ, one of them is if we break above this short term resistance line, or on the test of this important support Level. We still see the price on bullish trend so we not will go short until the price is above this important support level. On the chart we mark important informations as entry points, and our objective is the last uptrend short term moviment projection. Please support this publication with your like. You are welcome to follow us on the Tradingview. Best regard Sandro and Gustavo.
Long
by MarketMinds