XTZBTC
The Future Of TezosWow! This chart looks amazing! I do not know much about the fundamentals that surround this coin or the company, but the technical analysis look bullish if the support can hold. A quick look at the stats from coinmarketcap; This coin is ranked #14 with a circulating supply of 738,559,491 XTZ.
Now for the technical analysis. The triangle that i have created based on previous support, and resistance looks almost like a symmetrical triangle forming a huge bullflag. I have the liquidity zones highlighted in green , and yellow. I use the color yellow for universal caution, and green is obvious. I have also used the FIB Retracement tools to locate a potential short term sell zone based on the 0.618 . That is the area I would like to see the price break above , and find support to confirm a real bullrun to new ATH.
This is not trading advice, but only my humble opinions based on what I see.
XTZ.BTC (Y20.P3.E2).TA on the Macro StructureHi All,
My thoughts on Tezos against BTC:
> Price is below the 10 to 100 EMA on the Daily price action and these ema ribbons have confluence headed towards the current 0.5 or 0.382 Fib retracement level as per chart, which is equivalent to the red min line of the Fan pattern, which at times can be a reversal pattern or bullish pattern.
> Note the points of touches on the chart structure, by the dark boxes. 2 touches to the top and potentially the 3rd touch to the bottom, completing the ABCDE formation.
> Note that we are in the 3 to 4 of the elliot impulse with a complex correction and the chart pretty much confirms this. I learnt recently that 3 to 4 is usually complex to strip of our gains with the 0 to 3 impulse which are usually clear trends. And just like BTC, we will end up going from 4 to 5 after this formation.
> Both bottom indicators show that we are approaching the bottom reversal area.
I'm looking for a cross over of the signals on the WT and if you note on the Phoeix, energy is moved above the 50% mark showing an emerging divergence.
Daily with key pivot points and levels
Daily with EMAs
12 HRLY chart: No bullish candles yet
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Regards,
S.Sari
Moving off the Tezos topic, check out the monthly close now and how bullish it still remains for the long term.
XTZ Fractal: $2.95 before $2.15I see a double top which is to me the most bearish signal ever exists. So, the overall trend is downward but there is a chance we see $2.95 before another drop to $2.15 which is the greatest buying opportunity. I know BTC and ETH are very bullish but XTZ and Link had already a great jump weeks ago so time to cool down.
What do you think?
XTZ-BTC ShortIf XTZ continues following its current cycle low and cycle high pattern, we can anticipate for the price to continue downwards.
XTZ file to make a higher high, and was rejected by the downtrend line.
If price reaches between .0002571, it would be an ideal for an entry.
For now, I would stay out of XTZ, there are better opportunities out there.
XTZ will have it’s time, but now it doesn’t seem like it.
Tezos is cheapXTZ/BTC has been consolidating in this symmetrical triangle since February. If you're fundamentally bullish on this coin, and who isn't, you might be looking for buying opportunities.
Bitcoin looks like she's about to go running, which has made alts skittish. But such drops in alts, especially liquid ones, often play into the bigger picture even when they're triggered by external or random factors.
The March selloff, for example, gave Tezos a roughly 50% correction of the screaming upmove it had been making, taking it to rest right on previous resistance now turned support.
The move down yesterday took price into resistance-turned-support from over a year ago. This coincides with the 200-day Simple Moving Average. The "real" MAs on charts such as Huobi's with more history are in more or less the same place.
So could it bounce here? Possibly.
But stronger support, the 200-day Exponential Moving Average, and the lower triangle trendline, are a bit lower, and that's where I'm looking for a higher probability long.
Then hopefully a break of the upper triangle line, the resistance at the top of this range, and blue skies above.
DOUBLE BTC WITH XTZThis chart is nothing but bullish. More than 130% roi in terms of BTC. Once it break the trendline moon mission will start. It can take more than 2 or 3 months to realize but hey doubling is not very common. Invalidation is stop point under wave 1 of 3rd. No financial advice this is my trading plan.
XTZ/BTC - Possible point of raiseHelo!
At XTZ we see consolidation above the 5 month middle support level.
Bounce off a downside line in local uptrend.
13 percent from ATS long signal.
XTZBTC Range Support| Bullish PA| .618 Fibonacci|S/R Flip RetestEvening Traders,
Today’s analysis – XTZBTC – reclaiming its range, a retest of support will allow for a long entry with defined risk.
Points to consider,
- Immediate trend bullish (consecutive higher lows)
- Range support confluence (.618 Fibonacci)
- Range resistance target
- Oscillator neutral
- Volume below average
- Long retest (risk defined)
XTZBTC’s immediate trend is bullish with consecutive higher highs and higher lows. This gives us a bias that any impulse sells and oversold conditions are for buying.
The range support is a key level that has been reclaimed; price is likely to retest this level as it is in confluence with the .618 Fibonacci. Range resistance will be the immediate target, breaking this level will be very bullish, continuing the trend.
Oscillators are both neutral, remaining above their respective 50 level; this indicates bullish momentum in the market.
The immediate volume is below average, this must increase for continued follow through, price action needs to be back with conviction.
Overall, in my opinion, XTZBTC is probable to retest local support which will allow for a long entry with defined risk.
Price action breaking below range support will negate the trade.
What are your thoughts?
Thank you for following my work!
And remember,
“Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.” ― Yvan Byeajee
XTZ Opportunity analysisAfter the tragic dump to late longers,
People have been selling off their XTZ.
Yes, they fomo-ed.
I am expecting tezos to test the support lines in blue before bouncing back up.
The price may be more volatile because BTC is about to break out from a triangle (I will post one) and the overall direction can change by BTC.D
I'll try to update more frequently.
Good luck and stay safe.
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XTZ.USD (Y20.P3.E1).Dont forget TezosHi All,
Tezos is beginning to show some signs of strength.
Recently it has broken a key level and if it can hold, this pattern will likely play part of a much larger movement.
This will be new territory for all time highs, just like Link and hence it will be difficult to forecast beyond here.
If I was to guess, $4.25 is the target for this Elliot impulse to point (1) at the macro level.
Observations:
Note key levels of resistance and support on the daily and short time frames are clear;
2Day chart> bullish momentum still to the upside as per Phoeix indicator.
Daily Chart > Bearish div, potential pullback;
4 HRLY Chart > Have 2 targets, difficult to say for the short term.
XTZ.BTC daily chart
Please give me a like or tick for this post.
Regards,
S.Sari
Uptrend channel on XTZ.Hello, traders.
TEZOS/BTC is inside a bullish uptrend channel on the 4-hours chart, so we believe that the price has room to go test the top of the channel, and later the important resistance level.
What Is an Ascending Channel?
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs.
Ascending channels show a clearly defined uptrend. Traders can swing trade between the pattern’s support and resistance levels or trade in the direction of a breakout or breakdown.
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