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XTZBTC trade ideas
Tezos Trading planHello Traders,
Tezos is inside of a huge accumulation in a retangle shape. It possibily will give us an excellent buy opportunity if it touch the base of this retangle. I will keep my eye on Tezos if it goes to the blue line again.
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Why Tezo's could explode to the upsideIf we look at the XTZ/BTC chart we can see that Tezo's is forming a MASSIVE multi time frame flag on the cross. If this midterm support level in the XTZ/BTC cross does hold. We are due for a MASSIVE upside break in Tezo's. You can see in the past where Tezo's usually consolidates before a move up. We have seen a ton of coins popping off for moves. ATOM, LINK, etc... Tezo's seems to be the next on the list.
The XTZ/USD chart also looks very good. We are at a massive support zone that has been confirmed a few times. If this level does indeed hold, it will catapult it much higher. Once the XTZ/BTC cross start's breaking to the upside, we will everything rocket higher.
Targets. If we measure the breadth of the Tezo's move it gives us a .0006 target on the cross. If USD really gets going I would imagine our earlier $5-$6 target get's hit easily. With the possibility of $10 if things really start going like atom or link.
Things could get interesting,
-sherem
XTZ/BTC It has good growth potentialHi
It will grow soon
in the chart:
It has completed 4 Elliott waves so far and is ready to complete its 5 ascending wave
Target : 3900 . 4000
Support : 2800
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
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Good luck.
XTZ / BTC XTZ like to move up and down. If you draw support and resistance lines or use the blue trend line. You can buy and sell near top and bottom to lock in nice profits. No point holding up and down. Many big Twitter accounts posting that weak hands selling out and try to make you #HODEL. Not fall for all that crap imo. Buying the dip ? HA HA ! Not make me laughe. 90% are all in already. Not believe everything you read and see on CT. The big accounts use that to their avantage to dump on you.
It's hard to predict anything right now imo. We have to see what BTC does and keep a close eye on the BTC dominance. If the dominance goes down it's good for altcoins. And if not you know what to do.
This is not a financial advice just my idea.
Thanks ,)
XTZBTC reclaims long term trendlineTezos reclaimed a long term trendline against BTC after finding strong support at 30k sats. A really nice bounce off the 50RSI as well, something we've seen alts do before continuing back up. A close near 40k sats would put us on track for a significant leg up. As the triangle is closing the move could come sooner rather than later.
xtz/btc bullish gartleyXTZ is one of the coins that require advanced TA...gotta say it's never straightforward but fascinating.
The recent pull down may look like a crash but upon close look it's found perfect support of at the pivotal point of confluence around 0.000297btc.
This level, I believe, defines bear/bull trend. The reason is
1) 6 hour TD sequential 9 on Jul 26th provided this last point of support, breaking this we saw intense sell off which took more than 1 week of Wyckoff accumulation pattern to get out. I have published that idea back then.
2) If we draw the uptrend line colored black, this is the where the price action falls right to.
I must say this intense sell off of XTZ was not expected from me, but at least it did find support here (temporarily and contingent on BTC not acting up). If we do not dump further, then we can identify a bullish Gartley pattern which is a powerful pattern promising of future upside.