XTZ/BTC entering support zone
Updated
It is now clear that the long term ranging pattern was not accumulation but rather a distribution. Using Bitfinex chart because it has long price history to identify support and resistance.
XTZ/BTC is now coming to the first support zone looking to bounce from here. If bulls cannot defend this zone the price may fall another 30% from volume profile perspective, to find the price of control zone where trading interest is the highest.
XTZ/BTC is now coming to the first support zone looking to bounce from here. If bulls cannot defend this zone the price may fall another 30% from volume profile perspective, to find the price of control zone where trading interest is the highest.
Note
Uh oh breaking downNote
Approaching POC zone...faster than I expected
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