XTZ LONG$XTZ
Consolidating beneath the range high, it's looking more likely to me that we break upwards for +18% rather than down to retest the range EQ.
XTZBTC trade ideas
#xtz just small one to savenot sure on this but just some 2 min thoughts looking at the chart.
if it goes to 135 again ill sell for rebuys
if it goes down to where i want ill rebuy what i sold at 135 already.
make it mine and zoom to the 1 min if you like. i was thinking around here to buy for a sell around the 135. 135 also is the double top for most exchanges who didnt pump like the noobs chasing at binance lol
XTZ/BTCKeep it Simple!
Looking at XTZ on the weekly, we can see it has made a strong hold in the green box at a very important support level - 9000 Sats range. Not only this but XTZ has formed a higher low pattern, suggesting the level is respected, and with the rising volume a new higher low has been held. The allowed for those who followed this trade to hit their first and even second profit target.
What we want to see for XTZ is to form a new high, above the 16000 Sat's range. This will confirm a change in momentum and allow for the higher profit targets (orange boxes) to be hit.
I suggest to take around 10-20% of you trade at each profit target. One the third profit target is hit, move your stop loss to where your first profit target originally was.
What a large pennant...Interesting to see what happens here. I believe BTC is about to pump hard potentially, so a huge red candle here could make sense. I typically plan for short trade on pennants. If you are interested in sborting this to accumulate more bitcoin you can do that here www.delta.exchange my recommendation will save you 10% extra off fees combine that with their 50% fee rebate as credit and ultra maximize your gains on this. This could be about to break up as well just have stop market set if you sbort now for sure. This is a flash mover the gains and loss can be extreme. This is a speculative trade there is alot of room left to pump above... I just see it dumping real fast to next lower support before doing so. I hope it does so I can accumulate a whole lot more BTC i can use to build a bigger LONG on Tezos using leverage respectively.
Tezos (XTZ) cross may be ready for a bullish continuation Hi folks and welcome back to my analysis.
I just noticed that both the bitcoin and dollar crosses for XTZ are positioned for an up move, and since it is in line with our previous analysis on bullish continuation and it'd be a good idea to share it with you all. (link here)
Seems like on the right, our tezos created it's phase C low, and quickly and derisively made it back into the trading range. On the left hand XTZ may be making a "feather" structure. Where in Wyckoff methodology, it represent a very low volume, low volatility period that is followed by an explosive move.
Therefore, Tezos is officially on my trading list. I'm opening up probing positions with stops below the ATR, and I will add to my positions with significant bars to the upside confirming the up move.
Alternatively, folks remember there is a short-term bearish scenario that we are following. If this view fails, we are going to visit the lows at selling climaxes before we go to the top again! You can find more details in the previous post.
p.s sorry for the misspelling on the chart. Sign* of weakness
If you folks enjoyed my analysis, and want to stay up to date with updates, don't forget to follow me.
If you have any suggestions and criticisms please let me know in the comments! we are here to empower each other to survive this market!
Best,
Shayan
XTZ to show bullish Wyckoff and Elliott Wave Structures
Hi everyone and welcome to my analysis.
It is once again hype time for many alts and Bitcoin is volatile and thankfully this time a lot of cryptos show finishing accumulation signs.
As a start, we can look at XTZUSD to see the beautiful Primary wave I of a larger bullish trend. Alternately, this might be an ABC bullish reaction to the initial downtrend created by XTZ until early 2019. Regardless, the trajectory is upward.
In the chart above, you can see the ABC pullback from the 5 wave bullish structure (which might be a wave II or B of an ABC). Now for those who like the extra fine details in EW analysis, this mostly looks likes an WXY double 3. So we have a smaller ABC in the marked W, and X and Y. But in my analysis EW just plays a guiding role in understanding the overall market structure. The point is, you need to see a 3 legged correction that doesn't give back all of the gains. The detailed count does not matter as much, when our trading strategy is defined by the Wyckoff method and not EW.
So off to our possible re-accumulation then. We can see the selling climax of wave A falling beautifully at 0.236 Fib level, which is a common pullback level for wave II in EW. Interestingly, the automatic reaction off the selling climax also falls at the 0.618 of the larger bullish trend, which again gives some weight to the analysis.
The structure of a trading range usually beings with a stopping action, where due to extra high demand, or extra high supple, the big market players (the composite operator - the CO) would take on a contrarian attitude (phase A). As a result an automatic reaction and a test of the low/high is formed.
After the shares change hands, (phase B), a last point of fear or capitulation occurs, when people loose their hopes of the market going up ever (this is similar to Elliott's description of wave II sentiment). Again since the majority is selling at this point, we have CO buying (phase C), which creates a stopping action, absorbs the last of the supply, and creates the final bullish push out of the trading range (phase D)
Also, in (re)accumulations, we typically see a diminishing supply up until the phase C capitulation.
So all of that in mind, one thing doesn't look right here:
We see that after our phase C shakeout, we follow the uptrend with a climactic action, with the largest supply in the range, that signal’s CO’s activity. So why is that so? Are we wrong? Is this a distribution?
Of course in the Wyckoff method we tend to focus more on “diagnosing” the market, rather than predicting it. If this current uptrend follows a UTAD formation, then we will shift our view to a bearish one.
For now, we need to look for other signs.
My hypothesis is that this is due to the hype of altcoins raising again. The market ALWAYS goes opposite to the majority’s expectation (which another way of saying the CO is contrarian). If all of us crypto traders are on a lookout for an upturn in alts, then with the positive signals that we see here, we all jump in to secure our part in the uptrend. What happens next? The CO sells it’s shares to profit from our available liquidity. (also CO here is similar to whales, the concept is the same, only Wyckoff studied them in stocks)
So to find better perspectives, we need to look at the BTC cross:
Let’s look at it from a EW and traditional charting perspective:
Given that we’re looking at correlating markets, we should see some type of similarity between the crosses.
One of our hypothesis was that this is a market with an WXY correction, waiting for wave Y to unfold. (or similarly, a wave ABC with C unfolding)
In the following screenshot, we can see a similar structure, with a count that makes sense for the narrative:
We see the wave A impulse type, a wave B rising triangle with a matching count, and wave C’s inception point.
We can also do the following count though:
Though here is when it gets interesting:
When we look at the market from a systematic Wyckoffian view, We can see the corrective pullback and selling climax similar to the USD cross. From this perspective, we see that we are still missing Phase C of our trading range. As we are going with a bullish view for now, we are looking for a pullback either to the 0.0013 area or the 0.00112 area. Before a sustainable uptrend to form.
This point, goes hand in hand with the observation that we had a buying climax in our USD pair, and validates the expectation for a pullback before bullish continuation
All in all folks, I believe a successful trader must refrain from predicting the market. Having an expectation or sentiment might be helpful, though it can easily introduce bias into our analysis and cause our updated view to follow too late after the market conditions switch. A great trader, is like a doctor. WE must know what signs in the market signal a specific behavior, and wait for confirmation to validate or reject the idea. So we shall wait for the market to create confirmation or rejection signals for us, and we will update this analysis here as the market unfolds.
If you folks enjoyed my analysis, and want to stay up to date with updates, don't forget to follow me.
If you have any suggestions and criticisms please let me know in the comments! we are here to empower each other to survive this market!
Shayan
XTZ BULLISH?$XTZ Weekly
Currently testing the mid range, if this is bullish we should see a weekly close above the 0.5 level and I'd anticipate us testing T1/T2 next.
If I weren't in position, I would wait for a strong weekly close above green; longing from here wouldn't make sense until some confirmation.
Bearish possible Two 9 sequential sells with bearish div looks very pennant. The move is bullish but the price action may initially break the pennant bearishly
Looks parabolic Could see parabolic upside action here. To maximize gains first buy bitcoin, then send the bitcoin to Delta derivatives exchange. You will find it here www.delta.exchange use my ref link to support my analysis I provide if you are going there anyway to Long Tezos with leverage, might as well use my ref link you can trust it's legit link. 10x leverage is plenty 20x it can be risky. Be safe and happy trading
TEZOS $XTZ|$BTC - It wants More!I continue to use HITBTC to chart due to the data from its futures trade from 2017. Although many of you dislike the idea of using that data, Coinbase and all indexes are using it as we speak. The trend lines are all following in place & for all I care, the charts are the only thing that matters to me, not opinions or preferences.
Nevertheless, with all that aside, $XTZ is entering a very bullish pattern having broken the nasty downtrend from months on end. We finally blasted through the huge falling wedge and have gone into a price discovery zone that in this case it can take us to new levels. Coinbase announced Staking yesterday, OKex open trading and Staking, Binance has added $XTZ and Staking is also in the pipeline.
With all that to be consider, many new updates are coming to the network such as Privacy ZSnark, Checkers, and countless other new and cutting edge features that is lights away from the competition.
If I were to put a price target on Tezos by EOY, I would like to see it around $7 - $12 dollars. It's not too crazy to think of these numbers. Consider that Elevated Returns STO is set to launch in December 2019! It's approved and it will deploy. This will be a huge catalyst and it is likely to open the floodgates driving attention and major exposure.
In China, Tezos is been regarded is stable and secured as $BTC, with the advantage that it can do much more than just store of value for $Crypto and blockchain as a whole.
I remain extremely bullish and will continue to Stake my Tezzies until it explodes to Private Jet status.
This is not the time to sell, but to BUY BUY BUY until you run out of money. Accumulate as much as your wallet and guts can take.
Happy Trading and let's fucking Go!
I've being long accumulating since its all time low & had over 100K XTZ from ICO. I am not concern about short term pumps. Whats ahead of us is pure MAD CASH & Glory!
TEZOS / XTZBTC 1HTezos; intertwined patterns.. can be gartley pattern with the rising symmetric triangle. And Wedge model can be followed with waves. Break a leg!
XTZBTC broke out the resistance | Upto 167% move expectedSince Feb 2019 the priceline of XTZ / Bitcoin Cryptocurrency was moving within a pennant and finally broke out the resistance of this pennant in Sep 2019.
The the price correction was started and in Oct 2019 the Stochastic and RSI went in oversold and at the end of Oct the MACD turned weak bearish from strong bearish and Stochastic gave bull cross and RSI turned bullish.
The Ichimoku cloud is also turning bullish.
We have a new support at 0.00008786 sats after this breakout.
Our target should be the projection area of tail to support of this pennant from 0.382 to 0.786 Fibonacci as below:
Sell between: 0.00015935 to 0.00023495
Regards,
Atif Akbar (moon333)
XTZBTC Buy Signal. Big upside potential.Pattern: Triangle on 1D.
Signal: Bullish as the pattern is about to break out to the upside on a similar manner to the early 2019 formation.
Target: 0.000207 and 0.000267 in extension.
XTZXTZ is in the corrective wave, the current support is in the zone 9800 - 10300. It is likely to break out successfully in the next 20 days. The Expected target is 13900.
