Xtzlong
#Tezos BTC .. New RoundPlease support this idea by pressing the like button
XTZ coin is a very powerful coin
I have made big profits in the long run and I expect more gains from this level
The currency may take a long time to start again, as shown in the drawing
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
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XTZ GannSome Gann fun, first signs of a bearish signal. For now bullish momentum will carry through.
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?
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XTZUSD possible ascending triangle actionHi everybody!
Potential move of XTZUSD to 1.8 USD area. In my opinion the price has been moving in an ascending triangle and the high area (around 1.8 USD) needs to be tested again. BTC 5800 seems to hold as for now which is also a good sign.
Although the pre-market of US Stock Options looks appalling at the time of writing, I am expecting a rebound which may take the crypto market along with it.
Good luck trading!
Hit like if you agree with my idea. Comments are also welcome.
This is not a financial advice.
XTZUSD - Continued price increase (09/03/2020)Continued price increase
I expect the completion of the XTZUSD price correction and continued growth in a wave of 5.
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XTZ Mixed SignalsXTZ is showing signs of an early H&S formation, however it is currently within a strong uptrend. Continuation of this uptrend is more likely due to its strength however the h&s is always a possibility.
XTZ/USD LONG TO NEW ALL TIME HIGHS OF $5.50, $7,50, $10.00ENTRY 1 $3.00 & Entry 2 $2.50 SL $1.70
TP.1 $5.50 & TP.2 $7.50 & TP.3 $10.00
Apart from Bitcoin, there is another cryptocurrency that will continue to make a new ATH, Tezos (XTZ). As we reported, XTZ has already made a new high and worked its way into the top 10 cryptocurrencies.
Currently, XTZ is trading at $3.23, with 147% gains on a year-to-date basis, all thanks to the baking frenzy that has nearly 80% of Tezos supply locked up for staking. According to AngeloBTC, the digital asset would also be seeing over 200% of gains to climb to $10.
For the second-largest cryptocurrency, Ethereum, however, AngeloBTC has the least expectation as he predicts a minimum jump of 87%. Currently trading at $263, up 105% in 2020 so far, the trader sees it going to at least $500 moving into 2021.
But for the third-largest cryptocurrency, XRP, the investors are in for the highest gain of 248%. At the time of writing, XRP/USD has been trading at $0.282 and as per the trader, by 2020 we could see $1 finally, which was last spotted in February 2018 during the trip down from the January ATH of $3.92.
Breaking out of trading ranges: Tezos vs. TeslaWeird comparison - I get it.
But I want to showcase what can happen when something breaks out of a long-held trading range. In the week of December 16th, Tesla broke out of its 2.5 year trading range and has since climbed over 150%, culminating one of the most impressive month and a half runs ever.
Similarly to Tesla, this past Sunday, Tezos broke out of its trading range that it held for nearly a year and a half. This idea illustrates where Tezos would be it it followed Tesla's breakout pattern --- roughly $3.50 by the middle or end of March.
XTZ USD LONGTezos just broke out of an ascending triangle. The potential to grow is immense.
Just an idea, do your own research.
Check out my previous analysis.
And remember to set your SL.
XTZUSD Strong Mirror Resistance LevelAt a strong resistance level, history has shown a pullback to have occurred when price has reached this price every time. If history repeats itself a return to the strong trendline is likely, extended gaussian channel supports this.
XTZUSD Perfect EMA TouchesSome perfect EMA touches, currently sitting at the top of the regression uptrend , 0.80.
XTZBTC Regression SupportSitting on regression support, 0.79 regression uptrend. Phat Regression trend. Potential upsides.
XTZBTC Symmetry FractalXTZ has been on three major bull runs, each lower than the previous. This leads me to believe that price will decline in a manner that has been seen in the previous two bull runs. Fractal in red.
XTZ bounce expectedXTZ has reached a major support level of 1700 sats and the VPVR also shows considerable buying interest at these levels.
We can also see that on the 4 hour time frame the RSI is slowly reversing even though the price is going down which is hinting at a reversal.
This can be corroborated with the Accumulation/Distribution indicator which shows positive signs of accumulation.
Note. This is not financial advise. Please do your own research
XTZUSDT formed bullish Cypher | Upto 38.5% bullish move expectedOn Nov 1st I published the idea of Tezos / US Dollar and it produced more than 121% and below was the idea:
Now the price action of World's 10th ranked largest cryptocurrency out of more than 2300 cryptocurrencies Tezos (XTZ) has formed bullish Cypher pattern and entered in potential reversal zone and ready to take bullish reversal soon at any time.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the dimensions of Tezos (XTZ) price action's harmonic move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci (The exact measuring is 0.446 Fibonacci) and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection (The exact projection is 1.333 Fibonacci) and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci projection of X to D leg as required for perfect bullish Cypher and now the price action is entered in potential reversal zone of this bullish Cypher pattern, now we can expect bullish move at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $1.3655 to $1.2356
Sell between: $1.4677 to $1.7140
So this trade has potential to give upto 38.5% gains.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Cypher pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Regards,
Atif Akbar (moon333)
XTZBTC Regression analysisStrong regression trend (~0.82) as seen on chart, care when attempting to pick top and likewise bottoms. Overall looks very bullish.
