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
XTZBTC trade ideas
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.
Tezos (XTZ) vs BTC*swing trade opportunity*
3-day displaying Elliot wave pattern with evidence of trend reversal. Divergence is also evident between price action and money flow. On the 1-day chart RSI support has been followed since June 2019, it is now acting as resistance. Clearer picture below. Expecting 40 & 60% drops to 20 & 15 sats, respectively, from current price action.
1-day chart showing failed RSI support
XTZ/BTC - Almost it almost doesn't react to the $BTC movements, Published this alt yesterday as well, but it looks perfect today so couldn't ignore one. Bouncing from the mentioned support. Almost it almost doesn't react to the $BTC movements, while many alts are dumping. Targets are on the chart.
Friends, thanks for your likes and comments!
Good luck with trading!
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
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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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.
XTZBTC - SOS TA Fridays 28/3/20I will enter this trade if price breaks out of this descending triangle with strong bullish candles (bullish engulfing, bull hammer) or if it breaks out and has a small retrace for confirmation.
My first profit target is at 38.2%, then at 23.6% (resistance at both these levels).
This may take a day or 2 to present a good entry, then 5-6 days to hit my first target.
Triangle is going to close:XTZ/ Read about XTZ , UVU and FLL. And type what do You think about my price action?
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XTZ : is forming big triangle at 1h candles and I see that it should back at the top level also MACD indicator shows me same - Whats important at last days I am more confident about bulls than bear at BTC so whole market could speed up.
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Check the chart :
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Tezos Bearish alligatorTezos has seen a great bull run. However it has reached the point where the downside potential is A LOT greater than the upside potential. Support for this theory includes the bearish opening of the Gaussian alligator indicator, preceded by a double top and a bearish divergence. The previous Bearish opening held bullish potential due to the formation of the descending scallop, a bullish reversal pattern. By 'baby coin' I mean the coin is very young and most alt coins do not show this chart structure in their early days, its just strange. A personal bias may come into play, I do hate this coin.. xD