Tezos / BitcoinLong
$XTZ / BTC : Orderblocks overview
Updated
XTZ looking decent on the daily
Watch for the close, could be a morning star reversal.
Ive market out the orderblocks on the chart in grey, when price clears one orderblock and forms support/resistance on it its likely to head to the next.
-Strong uptrend support line
-Bullish retest on the current bounce
-Breaking through the 0.382 fib next level to close above is 30677
-Crossed the 18 DAY MA and wicking off it
-RSI crossed 50 threshold and possibly bouncing off it
Watch for the close, could be a morning star reversal.
Ive market out the orderblocks on the chart in grey, when price clears one orderblock and forms support/resistance on it its likely to head to the next.
-Strong uptrend support line
-Bullish retest on the current bounce
-Breaking through the 0.382 fib next level to close above is 30677
-Crossed the 18 DAY MA and wicking off it
-RSI crossed 50 threshold and possibly bouncing off it
Note
Alt coins look positive, but have to be cautious of BTC and what its doing. If BTC has extremely viotality then the alts can just dump off at anytime.
More explained on this idea here:
Note
Watch for breakout/rejection of IHSNote
Holding well so far.The measured move of the XTZ IHS if we breakout is to the resistance of a possible symettrical triangle.
Note
XTZ Found support on the pivot, progressing nicely towards the inverse breakout
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