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XTZUSD trade ideas

XTZ - Will long-term rising support line hold?XTZ has been trading right above its long-term rising support line: its main support (base) of the Fibonacci channel that I drew on the chart. Will this important level hold so XTZ can continue its slow but certain rise upwards? Or will it break down out of this established trend? It already penetrated the bottom of the channel a few days ago but moved right back into it again... Let's see how it will move in the next 24/48 hours. I wonder whether or not this support line will hold if Bitcoin decides to correct.... IF the bottom of this channel will hold, this might just turn out to be the perfect buy opportunity for XTZ.. But only if it holds.. What are your thoughts about this? Let me know! Thanks! *(No financial advise)*
COINBASE:XTZUSD
by roelxyz
1
xtz 12.20.20I wanted to come back to the Amazon chart once again. Not only to show their chart similarities, but to remind people how long these charts can take to play out before going parabolic. I compressed about 11 years worth of chart data for AMZN vs XTZ 2 year chart. A full chart can be found on another site, i cannot provide the link or i will be censored AGAIN. They are nearly identical. What i wanted to emphasize today is the TIME FRAME that it took for AMZN to blast off. WHY? I can see that many are getting anxious. I can hear them saying. BTC is up and XTZ isnt! What they don't understand is the cycles. XTZ is not on the same cycle as BTC. THey are similiar but not even close to being in sync. Last November XTZ hit a low of around 75 cents and then led the market on massive 6x run. It then ran again from 1 dollar to almost 5 , after the blackswan. We now see it finding a good accumulation range which is absolutely necessary. I see too many people coming in and dumping all their money on the table on these high parabolic runs, and then complaining the entire time as it corrects downward. INstead of simply accumulating a position CORRECTLY and slowly. Even if you bought higher you could still dollar cost average afterwards and easily break even or be in the green by a simple DCA. Long story short, XTZ is going thousands of percent higher . It's not going to do it anytime soon. Instead of complaining, buy more. Or sell and get out. Fundamentally XTZ is on an entirely different playing field. Not only was it mentioned on Real Vision this year, it was just on FOX news being promoted as one of THE best crytpo blockchains to get in to. XTZ has one of the brightest futures. What if you had bought AMZN at 100 dollars or even 50 dollars back in the day and just held? Same with bitcoin or ethereum.
KRAKEN:XTZUSDLong
by BrandonrG
3
XTZ Tezos Bullish Wedge To Bullish Wedge RetestMan, sometimes i can be such an idiot :). I noticed yesterday that i accidently posted 3 analysis as a hidden post, then i posted all of them again as a normal post, now i am seeing i posted this one twice as a hidden post :), One would say, if there was a moment for alts to rally, it would be now with Bitcoins big ATH breakout. But why are most of them barely moving? The big alts like ETH and LTC and a few more did move quite a bit, but i see that many of the smaller ones (didn't check all of them). I don't have a theory on why this is, but as during most rallies since 2019, most of the worlds eyes are on Bitcoin and not on the rest. So even though the setup is here for Tezos, i honestly don't know if it will play out or not, but there is potential. On the right it looks like a bullish wedge, as long as it doesn't drop below the green box, the wedge is in play. The target of the small wedge is around 2.4. The big question though is, if this small wedge plays out, is it just a small rally until the 2.4 or will we see those old school pumps like we saw in the past? For that, it's important to see it pump past that 2.4 target. So reaching the 2.6/2.7, if that would happen, then more would be possible for the coming weeks/months. The hidden post: Previous analysis:
BITFINEX:XTZUSD
by botje11
7
XTZUSD - FallingWedge Breakout (4HR Timeframe)Breakout of the FallingWedge and clear support from the year long trendline support, so good chance we see continuation to the upside as long as Bitcoin holds steady. The level I'm watching is the $2.60 region since it was previous resistance multiple times, as well a previous target of a bigger FallingWedge seen 2 months beforehand. It's also possible for us to reach and test the $3.00 regions in the future, and eventually testing the upper support of the year long trend, though it is too far out to analyze for the meantime. Also, if the price stalls too long in it's current area of $2.35, then that may be a bad sign as well, we need a big push.
COINBASE:XTZUSDLong
by TezosNetwork
2
Very attractive to buy at this levelIts guaranteed that you will make profit with this price, if you don't overleverage. As beginner you shouldn't leverage more than 1.5 x so 50 % of what you have, you can lend, but no more, its to difficult as beginner you will be liquidated. The chart is looking bearish, but where we are in the market is a very special moment. The BTC dominance can drop at any time. The DXY can collapse at any time. And BTC can breakout of ATH at any point now. As soon as BTC starts breaking out I have no doubts that XTZ will benefit.
KRAKEN:XTZUSDLong
by Marginbuu
2
King XTZ 12.12.2020 Silver ComparisonI must first start out by saying that XTZ has continued to solidify its fundamentals. We are now on EDO and this last protocol upgrade really broke out the big guns. The implementation of Sapling protocol which allows for privately shielded transactions. Its a beautiful thing really. Tezos only grows stronger by the day and its evolution is simply phenomenal. I enjoy looking at the insane similarities between alt coins and silver. It's as if they are on the same exact algorithm buys. I do expect further consolidation before an explosive move upwards. What you have now is high volatility to crush traders stop losses both upward and downward. The real losers are more than likely derivatives. Best option is still accumulation and hold. Still putting in macro higher lows. These macro patterns take many months to years to play out so if you are thinking lambo overnight you are in for disappointment. Buy and hold. I've given this simple advice since i first joined. It hasnt changed. ATOM, XTZ, SXP, BTC,ETH, BNB, AAVE, BAND, LINK, the list is endless bc there are so many solid projects and i believe they all have a place in the future. Buy a hardware wallet. Buy crypto and transfer to it instantly. Sit back and relax. Cryptos are going to go MUCH MUCH higher over the next 10 years.
COINBASE:XTZUSDLong
by BrandonrG