this is just an idea. XTZ 6$I'm still bullish on XTZ.
looking at the mid term, (2 weeks) I see xtz easily reaching 6$. As BTC xtz pair begins to flip, xtz usd will surge. This is currently in process.
the above chart shows strong RSI, and macd moving up. I also see the identical pattern that happened early January when BTC first dipped. I expect XTZ to recover and move to 6$ over the next couple weeks (early march). I see an 8$ xtz price by summer. This will probably coincide with a massive BTC movement to the 100 -200K area.
again, this is all just an idea based on observation and discernment of the current economic state. The dollar is becoming weaker and people are anxious to invest, even blindly. I expect some very extreme movement in the stock market and other markets over the coming months. Personally my goal is to move to silver and real-estate once the next crypto surge completes (btc 100k -200k)
Whats yours?
good luck.
XTZUSD
Tezos (XTZ)/USDT Market Cycles Pivot points (zones) PsychologyI have combined the idea of learning by cycles and pivot points (zones) with an actual trading idea for positional work using the example of the Tezos (XTZ) coin paired with USDT (USD).
According to Dow theory, there are 3 types of trends:
1) main (long-term).
2) minor.
3) insignificant (small).
3) Phases of trends.
In turn, each trend has the following phases:
1) phase of accumulation (set of position).
2) the phase of public participation (trend development)
3) panic phase (reset position).
4) the phase of price reduction (dump).
1. The phase of accumulation. (position set).
This stage occurs after the market has finished the downtrend and the dump is stopped. The price has formed a "bottom", in slang they say "bottom". It is at this stage that traders and investors enter the market, which can rightfully be called professional. They have the greatest amount of information (often internal - insiders) about the current state of the market and are the first to start active actions. The rest of the market participants do not realize at this time the state and direction of the market.
Of course, the accumulation phase is not easy to detect. It often follows a downtrend. And it can be, in turn, just a minor trend in the general downtrend. As a result, instead of a new trend, only a temporary pullback is obtained. From a technical point of view, the beginning of a new trend is always accompanied by a period of consolidation. This is when the market goes sideways and then starts to show an uptrend.
2. Phase of public participation (trend development).
Participation Phase Advanced investors and traders enter the market in the accumulation phase. When the trend really reverses, the public participation phase begins. Here the crowd enters the market. As this stage progresses, more traders jump into the current move as fear of loss is suppressed by greed and fear of missing out on an opportunity. This phase is the longest of all and is also characterized by the most active movement. Highs are constantly being updated - exactly what investors have been waiting for. The trend is developing. When this stage begins to end, the "last majority" jumps into the market and trading volumes begin to increase significantly. At this point, the theory of great stupidity prevails. The price rises significantly beyond historical levels, and logic and reason give way to greed.
While the majority enter the market, professional traders cut or close their trading positions. But as prices begin to level off or the rally slows down, those latecomers who stay out of the game see it as a buying opportunity and enter the market. Prices make the last parabolic move, known in technical analysis as a buying climax, when the greatest profits are often made in a short period.
3. Panic phase (reset position, distribution)
This is the phase where experienced traders and investors exit the market, and less experienced ones, on the contrary, enter the market. As a result, these investors and traders are excited about buying at the peak of the trend, shortly before its spectacular fall. The same phase is also a reversal one - professional investors and traders understand that the market has exhausted itself and begin to close their positions opened in the first phase.
To identify this phase, it is necessary to carefully study the signs that the market rally is complete. Moreover, the more active the market growth, the stronger the subsequent fall will be.
In the third stage of the market cycle, sellers begin to dominate. This part of the cycle is identified by a period in which the bullish sentiment of the previous stage is replaced by mixed sentiment. When this stage is over, the market direction changes. Classic chart patterns such as "double and triple top" or "head and shoulder" are examples of such movements that occur during the distribution stage.
The distribution stage is a very emotional period for the markets as investors are gripped by periods of complete fear, interspersed with hope and even greed, as at times the market may seem to be rising again.
Panic phase in a downtrend.
A similar story is when the main trend is bearish and goes down. The situation repeats itself in a mirror image, and at the implementation stage, a real panic is often formed, when many inexperienced investors and traders dump their assets and the price receives the last downward impulse before growth.
4. The phase of decline. (Dow did not separately identify this phase in his writings. In Dow's theory, this is the final stage of the distribution phase).
The fourth and final stage in the cycle is the most painful for those who still believed in the price increase. Many are holding them because their assets have fallen below their original amount. It is only when the market is down 50% or more that many of those who bought during the distribution stage or early in the decline give up. "Faith is being killed!" For more experienced traders, on the contrary, it serves as a buy signal and is a sign that the formation of a bottom is inevitable.
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4) Choice of cycle time.
An intraday trader who trades relatively small amounts and uses 5-minute candles can see many full cycles per day, while, for example, a positional trader using a weekly or monthly timeframe charts can see several cycles per year (average liquid instruments) or an extended cycle for several years (highly liquid instruments). But he also works in relatively large amounts that are not comparable to a scalper trader.
Your task is to learn how to correctly recognize market cycles on your working timeframe and use it in your trading.
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5) Points (zones) of price reversal.
It is necessary to immediately clarify the point (zone) of the price reversal always remains a potential point (zone), because it can act as a continuation of the trend. It is just that in certain zones there is a greater likelihood of a change in price movement than in others. This is very important to understand. Work like a trader, not like a "successful" wang hamster with which the Internet is clogged.
No one knows the exact future. You can identify potential more or less likely price movements and use this in your trading. It is also worth noting that it is not possible to predict everything. It is important that a large number of your forecasts for price movements, thanks to your experience and knowledge, are correctly determined.
Theory without practice is zero! Only your knowledge, modernized to the reality of the market, can give results in practice.
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.
If you enjoyed this analysis please like and follow. Also I'm considering making some videos instead of static analyis and if you'd be interested in seeing these please drop me a comment.
XTZUSD Repeating Long Term Pattern*** THIS IS NOT FINANCIAL OR INVESTMENT ADVICE ***
DYOR and don't take my word for anything.
XTZ is a great project. The project recently cut gas prices on the chain by 75% via the release of Delphi. They are currently working on integrating even more functionality into the blockchain with Edo.
Looks like XTZUSD is about to make up for the overselling and momentum depression experience through the last cycle. Keep on eye on the main lower band and the rising channel pattern.
Happy Trading!
Shorting on $XTZUSD for $2.06ishI think there may be a short opportunity on $XTZ
The stop loss should be above the kijun as shown.
Profit is around the last low $2.06
The R/R seems good for me
The Chiku has a lot of tall structure in front. Hence, it might be hard for the price to rise up. So, the direction is likely down.
The price might just do an E2E and cross the cloud on the bottom.
Also, Super Algorithm (not shown here) is bearish on 1day
XTZUSD D1: BEST level to BUY/HOLD 100% gains.(NEW)XTZUSD D1: BEST level to BUY/HOLD 100% gains.(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: XTZUSD daily chart review
::: still bullish outlook
::: deeper pullback possible now
::: focus on buying re-test of the lows
::: of the bullish channel
::: right now CORRECTION MODE
::: BUY/HOLD and get paid after correction
::: BULLS should remain on sidelines
::: until we hit 2.50-2.60 USD
::: wait for the pullback now
::: before buying it
::: Speculative bullish setup
::: reload bulls is near 2. 5/2.6
::: strong mirror S/R level
::: get ready to BUY low / hold it
::: 100% gains possible from my level
::: strategy: BUY LOW after pullback
::: TP bulls is +100% gains BUY/HOLD setup
::: buy near my level and get rewarded
::: TP bulls is +100%
::: good luck traders
🔸 Supply/Demand Zones
::: dem/supp N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: RANGE/MIXED
::: Sentiment outlook mid-term: BULLISH
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
XTZ - Time to hold this trendline?XTZ is in a massive, massive channel since months.
We are now on a point that we should bounce on the middle of this channel. In the past it was support, later became resistance.
Lets see if it holds for now as support.
Breakout of the channel would be instant moonshot for xtz but my opinion that has to take some more time.
XTZ up45min chart is encouraging a previous assumption I made (shared in link below called xtz about to explode) upward pressure from btc and usd pairs macd on the daily chart is moving up over many weeks. This could be a huge move up for xtz if both btc and usd pairs move at the same time.
this is still speculative. But the signs lead me to believe it will move up strongly some time very soon. (few days, possibly this weekend, before march 14 at the latest).
good luck
Tezos (XTZ) - February 25Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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We have to see if we can get support and climb in the 3.3269-3.5936 range.
If you go down from 3.3269 point, you can touch 3.0019 point, so you need Stop Loss to preserve profit or loss.
However, you need to trade carefully as you can touch the uptrend line and go up.
(1W chart)
The 3.3269 point is an important point that separates the highs.
So, if you go down at 3.3269, there is a chance that it could turn into a downtrend.
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** All indicators are lagging indicators.
So, it's important to know that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
XTZ ready to explode? ( signals from xtz/btc)looking at the xtz btc pair, several signals are given that point to huge upward move coming. For xtz this is big news. XTZ has been relatively slow to grow compared to other altcoins. But when the xtz btc pair move up xtz grows significantly.
So based on the xtz/btc chart, We see the MACD in a strong upward trend and is currently testing the support. It will likely hold. You can see significant volume increase as well over last few weeks with price climbing supported by big volume. When the current BTC correction begins to move sideways, expect big moves of btc into xtz. This would push XTZ USD price high. I see 4.50 and 5.00 coming very quickly followed by 7.50 and 8.00 if this plays out.
This could take a while. I don't know how long the btc correction will last. but I see the above scenario playing out within about 3 weeks.
🆓Tezos/USDT Analysis (24/2) #XTZ $XTZAfter retesting the support at 3$ and 3.3$ zones, XTZ could recover to retest 4.8$ zone by the Diving Board pattern. We can expect it will break this zone and move up to 5.5$ zone and 7$ zone
Although 3$ zone is the strong support because it is supported by MA200 of 12H timeframe, but if it fails in stop this dump, XTZ may dump to 2$ zone. So you should be careful
📈BUY
-Buy: 3.2-3.4$
-Buy: 2.8-3.0$. SL if B
📉SELL
-Sell: 4.7-4.9$. SL if A
-Sell: 5.4-5.6$. SL if A
-Sell: 6.9-7.1$. SL if A
♻️BACK-UP
-Sell: 2.8-3.0$ if B. SL if A
-Buy: 1.9-2.1$. SL if B
❓Details
Condition A : "If 12H candle closes ABOVE this zone"
Condition B : "If 12H candle closes BELOW this zone"