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Xtzusdsignals

XTZUSD Update (Potential Breakout)Since the last time I reviewed XTZUSD we saw a breakout and retest on the upper trend line 3 times before making it's first higher high and higher low. We are currently in a crucial moment of whether we can close/hold above ATH in order to continue moving higher. I believe the most likely scenario would be another retest on the upper Fibonacci retracement before continuing the trend. A lot of other coins have been highly price-sensitive at ATH recently and XTZ could just be lagging. Keep in mind BTC is close to a potential rally as well. Could absorb all the capital from alts if it does. Hope you all enjoyed the technical analysis on XTZ, I will continue to update my thoughts as we move further into these exciting times. Please consider leaving a like and following for more updates on stocks and cryptocurrency. Cheers, PsychedCrypto
BITFINEX:XTZUSD
by PsychedCrypto
Why Bitcoin, Ethereum, LINK, and Tezos still look bullish!Good Afternoon Crypto Traders, Several weeks ago we made a marked shift in our approach to altcoins and aligning our focus to go risk-on in the long side on BTC & Altcoins. Thus far, this approach has paid off immensely. The realization came from doing some deep research in what's happening in the money flows, market structure, and DeFi space. As more clues unfolded, I realized that there is an Alt season and a Crypto Bubble 2.0 developing. This time it seems to be led by DeFi vs. 2017 being led by ICOs. Bubbles are not necessarily bad, they can be good if you can get in and get out with profit. This is what we are hoping to accomplish in the current cycle. As per my July update, I told Advantage Members that we are somewhere in the initial stages or the middle stages of the bubble. I do NOT believe we are near the end. How do we play this? Step 1: I've spoken about my methodology of portfolio construction in Crypto. It's simple and effective. We want to take the approach of putting a few eggs in one basket and watching that basket closely, as the great Stanley Druckenmiller puts it. Do your research in 5-10 Cryptos (BTC + Alts). Diversify in Altcoins and the sub-segment DeFi. Keep this as your basket of holdings you trim up and down in movements of price, if you'd like. Alternatively, you can simply spot buy altcoins (DeFi included) and hold for several months to see if the bubble is going to develop and get bigger then start selling as the hype of the rally gets a bit extreme. I will let you know when I see the warning signs. Step 2: Do NOT go around chasing 50 different altcoins thinking this is the next 10x or 50x etc. You will likely lose good positioning of your original holdings by the chase of greed. A good basket of 5-10 Cryptos should provide proper exposure to the market and yield good enough returns where you are not constantly bedazzled by the next Hype Coin. Step 3: Do not go all-in with your capital hoping to be rich overnight. Remember, we are in the business of building wealth. This will keep you grounded and make you appreciate the journey to success. Step 4: Do remember that the entire health of Crypto is dependent on the money flows and liquidity available in the traditional markets. So the Crypto market party can end just as abruptly as it started. We will always keep one eye on the stock market for this reason. Thanks and I hope you enjoy this analysis. This is not financial advice. Have a wonderful day
BITMEX:BTCUSD.PLong
by TheAlphaTrades
2
Tezos (XTZ) Be Ware!!! It Can Be A Bull TrapHi, friends hope you are well and welcome to the new update on Tezos coin. The price action of Tezos coin is moving in a wedge pattern. After hitting the resistance of the wedge on 16th of July so far the move of the price action up to the support is still due. After placing the volume profile on the complete price action moving within this wedge pattern. It can be easily observed that the trader’s interest is high even below the support and if we watch the interest of the traders from the upside then we have the trader’s interest below the resistance that is another bearish signal. Therefore the price action can be moved more down at least up to the support of this pattern. The simple moving averages are forming bear crosses: If we watch the different simple moving average it with the time period of 25, 50, 100 and 200 then recently the price action has broken down the 25 simple moving average. We have also received a bear cross between 50 and 100 SMAs. If 50 simple moving averages will move more down to form a death cross with 200 SMA then it will be another bearish signal that will trigger more strong rally to the downside. At this time the price action is trying to break out the 25 SMA again. Formation of BAT pattern: In the meanwhile the price action is likely to complete the final leg of bullish BAT pattern. After initial leg the A to B leg is retraced between 0.382 to 0.50 Fibonacci retracement level. Then C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg. Now we have received two confirmation for the bullish BAT. And as per Fibonacci sequence of this pattern the final leg should be etraced between 0.786 to 0.886 retracement level. That start from $2.45 and ends up to 2.34 dollars. After a sequence of bearish candles some bullish candlesticks are appeared. Therefore, it can be a bull trap because if the price action will complete the BAT pattern then it can move more down and from the potential reversal zone it can start the next rally to the upside. However, if the price action will not complete the final leg then the pattern will be invalidated and the price action may form an up channel.
COINBASE:XTZUSD
by moon333
XTZ.USD (Y20.P3.E1).Dont forget TezosHi All, Tezos is beginning to show some signs of strength. Recently it has broken a key level and if it can hold, this pattern will likely play part of a much larger movement. This will be new territory for all time highs, just like Link and hence it will be difficult to forecast beyond here. If I was to guess, $4.25 is the target for this Elliot impulse to point (1) at the macro level. Observations: Note key levels of resistance and support on the daily and short time frames are clear; 2Day chart> bullish momentum still to the upside as per Phoeix indicator. Daily Chart > Bearish div, potential pullback; 4 HRLY Chart > Have 2 targets, difficult to say for the short term. XTZ.BTC daily chart Please give me a like or tick for this post. Regards, S.Sari
BITFINEX:XTZUSDLong
by ssari
XTZUSD: Analysis using Ichimoku 10/06/2020H4 The price is trading below the Ichimoku cloud but above the trend line. RSI is in an undefined state. Conclusion: We recommend you to pay attention to the timeframe H1. H1 The price fluctuates around the Ichimoku cloud. Visually, you can see a graphical model of the "triangle". Formed convergence between price and RSI. Conclusion: We recommend buying when the RSI is oversold. Next, you should trade according to the rules for working with the triangle model and using reverse stop orders, instead of stop losses (applies to sales). Good luck!
BITFINEX:XTZUSDLong
by QubitLife