XTZBTC trade ideas
Tezos (XTZ) Update | Patience Is Key!The bulls are full ahead when it comes to the Tezos (XTZBTC) altcoin trading pair.
We say that patience is key... It is true.
Many people are going crazy trading on 100 pairs and 3 different screens... This is not how you win.
It is all really simple...
Buy in, sit back, relax and wait for prices to increase.
Let's look back at XTZBTC!
Prices are now moving above EMA100.
We now also have a bullish MACD.
The RSI is above 60 daily.
MA200/EMA200 next target.
More to come short, mid-and long-term.
Thanks a lot for reading.
This is not financial advice.
Namaste.
Tezos - another proof of stakesezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers.
Tezos
XTZ
Rank #30
Coin
On 170,492 watchlists
Tezos Price (XTZ)
$6.14
XTZ looks like's going to sykrocket#XTZ / BTC ( Binance )
Buy Range : 0.0000883
Stop Loss : Weekly close candle below 0.0000658
Target 1 : 0.0001220
Target 2 : 0.0001580
- Really good weekly structure for Tezos against Bitcoin in a weekly scale
- Price is breaking my yellow MA in a first sign of uptrend.
- Indicators structure looks pretty solid and bullish in higher timeframes.
- Expecting very good price and bullish action in the next weeks
More trades in my premium channel
XTZ/BTC found it's bottom, and I'm going to slap it hereAs the title suggests we are at "optimal entry", we don't buy tops. We like to start with the bottoms (if you get my drift) Innuendo aside for the new bloods among us (of which there are many) :
1. Don't ape in with a single bid, take it slow and average into the position with bids on the green line (if there is a break of the trend line consider setting a SL at 580)
2. Wait for price to come to you, not vice versa
3. Use common sense, don't ever "play" with money you can't afford to lose and preferably only a percentage of said money so that you don't get "stuck" and can't put your money to work elsewhere.
TA Reasons for pulling the trigger on this trade:
1. Price action is stepping upwards
2. Volume is starting to come in
3. Price projections are "conservative" TP's are all within previous ATH
My ethos at the onset is best described by the following acronym K.I.S.S (Keep it simple stupid) I use this mantra to ground myself, because nobody "outsmarts" the markets, even the legends only had a big brain understanding of them, you will always be the student. Make peace with that fact. Also I'll be sticking with simple charts that show my analysis of assets and won't be cluttering with the indicators I'm using, I'm not an educator. There are many other education channels here on TV and great senpai's curating them. If most of what I said above doesn't make sense, my advice is don't put your hard earned money in (and most importantly none of this is financial advice!, don't come crying and moaning at me if/when you lost your lunch money)
And with that ladies and gents, always K.I.S.S before you get F'd
XTZBTC - a mid-term setup! Not financial advice but someone sharing his trading diary! - Make your own plans and you will do fine in the long run.
Tezos is accumulating and I expect it to soon re-test important levels.
This is a pretty easy setup - While price is ranging inside the rectangle I will be buying. As it reaches my TP1 I will begin unloading it. :)
Invalidation: if XTZ slides to an all-time low. This might happen especially if BTC begins its final impulse.
disclaimer: I already have some accumulated and currently waiting to TP or to buy more if it goes down. This is a look in retrospect.
Trading level by level with a proper risk management. There is no certainty in trading!
#xtz # tezos #xtzbtc #technicalanalysis #chart # trading #idea