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Tezos

XTZ correlation with LINK - still alive & beats buy-&hold nicelyPlenty of traders buy XTZ whenever LINK makes a big move in the hope that the same will hapen with Tezos. There has been a lot of discussion if this practice is a waste of time or has an acctual edge. I will share here an idea that is being developed for the past 3 months. The sample size is still low at 20 trades, 30 would be optimal, so this is in progress. WILL POST ALL POSITIONS BELOW The strategy: Toyed with plenty of indicators, support and resistances that affect LINK. However using them on a different asset produced quite some noise because of the lag that was acctualy needed in this correlation strategy. So in the end the winners were simple increases/decreases in the price and volume at which LINK was trading. Used many different increases/decreases tresholds to time positions. Small price increases like "up by 2% in the last day" were not productive. Secondly the need for a confirmation indicator to close positions became apparent as we were holding winning positions too shortly. A simple SMA, albait at length 60 SMA did the trick. The rules: Painfully simple rules is the way to go. This is all done on the 1H timeframe, although we look at the previous day price/volume movements too. So in our case we will: Open an XTZ position when: LINK/USDT price is up by 5% in last day Close the XTZ position when: LINK Total Volume is down by 4% in last day AND Price is below SMA (60) No Stop Loss or Take Profit Do not open a psoition if both the open and close rule are true at the same time (price is up, but volume is tanking) The results: In the last 3 months the strategy brought in +66% on spot. If you were just holding XTZ you'd have +39.5%, so a significant imrovement with a lot of potential on futures. We saw 20 trades in the 3 months, loosing 11 and winning 9. The wins are more sizable with the gains, so maintaining this rate would be ideal. Most positions are held for 2-3 days. The max drawdown in the entire period was 7.75% which is excellent. The optimization: It might be worth looking for a third close indicator as it still does not capture the peaks to perfection. In case anyone has an idea, please post it. The positions: 21/01/2021 00:00 25/01/2021 00:00 4 days OP 2.9099 CP 3.0431 +4.58% 18/01/2021 06:00 19/01/2021 19:00 2 days OP 2.9157 CP 2.9351 +0.665% 17/01/2021 19:00 18/01/2021 05:00 10 hours OP 2.8984 CP 2.8806 -0.614% 13/01/2021 14:00 17/01/2021 08:00 4 days OP 2.4038 CP 2.7634 +15% 12/01/2021 07:00 13/01/2021 00:00 17 hours OP 2.3687 CP 2.2979 -2.99% 09/01/2021 16:00 10/01/2021 19:00 1 day OP 2.6017 CP 2.547 -2.1% 09/01/2021 04:00 09/01/2021 05:00 1 hour OP 2.5415 CP 2.5249 -0.653% 03/01/2021 01:00 08/01/2021 01:00 5 days OP 1.9975 CP 2.4438 +22.3% 01/01/2021 13:00 02/01/2021 00:00 OP 2.0743 CP 2.0081 -3.19% 24/12/2020 23:00 31/12/2020 00:00 6 days OP 2.0752 CP 1.9896 -4.12% 16/12/2020 17:00 19/12/2020 00:00 2 days OP 2.3128 CP 2.3253 +0.54% 12/12/2020 12:00 16/12/2020 01:00 4 days OP 2.1392 CP 2.2155 +3.57% 09/12/2020 23:00 11/12/2020 00:00 1 day OP 2.1786 CP 2.1059 -3.34% 03/12/2020 04:00 03/12/2020 06:00 2 hours OP 2.4209 CP 2.38 -1.69% 27/11/2020 17:00 03/12/2020 00:00 5 days OP 2.2312 CP 2.3885 +7.05% 20/11/2020 09:00 26/11/2020 00:00 6 days OP 2.1004 CP 2.5969 +23.6% 16/11/2020 18:00 20/11/2020 00:00 3 days OP 2.0879 CP 2.0773 -0.508% 10/11/2020 10:00 12/11/2020 00:00 2 days OP 2.1627 CP 2.1244 -1.77% 05/11/2020 15:00 09/11/2020 03:00 4 days OP 1.9195 CP 2.0808 +8.4% 27/10/2020 17:00 29/10/2020 00:00 1 day OP 2.1036 CP 2.0003 -4.91% Happy to answer any questions!
by CleoFinance
Tezos (XTZ) - January 26Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It remains to be seen if it is supported at 2.8221 and the uptrend line (1) and can move above 3.3269 If it falls at the 2.4821 point, a Stop Loss is required to preserve profit and loss. However, it is necessary to trade carefully as it can gain support and rise at the 2.2080 point. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to know that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
2
XTZ looks really good in higher timeframes ! You can make x2-x3 #XTZ / BTC ( Binance ) Buy Range : 0.0000750-770 Stop Loss : Weekly close candle below 0.0000640 Target 1 : 0.0000963 ( short-mid term ) Target 2 : 0.0001314 ( mid term ) Target 3 : 0.0001904 ( mid-long term ) Weekly chart looks promising for Tezos. Looks like trying to find some support and start a reversal. We have a failed try in November but this time looks a bit different because much money coming into the market and Bitcoin already did a big move. Technically we found in a oversoll zone according to RSI while STOCH and MACD trying to push higher after two weeks with a good buy pressure. Price sitting below of moving averages because weekly chart always lag a bit. But i think we may finding really interesting levels Daily timeframes looking good too. We have a breakout and trying to find some support above moving average. Real test would be do a try above MA50 ( blue line ). If price is able to break and stay above, probably we will be looking for a fast price increase. 4 Hours already tested and break above MA200 forming a spike. Then, price need to make some pullback after a run sitting around 750 sats once again. In that way , you are able to wait for a pullback to buy against Bitcoin. Price action against USD looks really bullish and im looking to touch last highs or even more for a next movements. Good luck !
Long
by MikeCryptoSignals
TEZOS ROAD TO 5.00 . UPDATEhey guys , i was looking into TEZOS and it seems that that may have enough gas to cruise ahead of time . its already seems to have made a very strong move upwards , just have to wait to see if this turns out to be a wick or stays the same with the market rise & bitcoin pump , TEZOS XTZ is a major alt that benefits the most from BTC/USD spikes what do you guys think ? let me know in the comments if you are new don't forget to follow me for more also Like if you agree
COINBASE:XTZUSDLong
by stunnahblank702
4
Tezos (XTZ) Easy 90% Next Jump!I promised you that this and next week would be really good for the altcoins market... This is turning out to be true. Here we have another altcoin pair that is moving higher, Tezos (XTZBTC). Let's look at my classic signals for this one: 1) Prices moving above EMA10/EMA50. 2) Increasing green volume bars. 3) RSI above 50. 4) MACD above zero. 5) Bullish divergence with the MACD before the bullish breakout. There you have it... When you spot those signals in any altcoin chart, it tells us that higher prices are pretty likely. And that is exactly what we are seeing. Enjoy as the prices go up. Always secure some profits. Withdraw a portion, reinvest, diversify, plan ahead... If you miss one opportunity, many more will show up. Patience is key to win, always. Thanks a lot for your support. Namaste.
Long
by AlanSantana
8
Retraces are temporary, Tezos is forever. Well, at least until a solar flair... I called a successful short term top at 3.2 perfectly in my last post and bought back at 2.7. We are not in moonshot territory yet and we are very much dictated by btc and eth. Swings will come and they will be violent but you should use them to your advantage to grow your stack. See my past posts for my strategy. Tezos is being suppressed. By it's TA, by it's lack of a wacky over the top CEO and a hype team. That is okay. Tezos is the real thing and we are not even in the top 20 yet. When we go into blue sky mode it will be legendary. Be safe out there, 2021 will be an insane year for us. Anything is possible.
COINBASE:XTZUSDLong
by TezosGang2021
7
All eyes on ETHWe are currently in the danger zone of playing with 3.2 while eth tests its all time high. As of right now, ETHUSD is tapping the 1420-1450 level where it is meeting strong resistance. ETHUSD is currently bearish diverging on the daily which could signal a reversal, dragging the rest of the altcoins with it. However if able to break out of the 1450 range and close, we could see a 2k eth in a week, as well as a 4 dollar Tezos. I am currently keeping as close eye on the market as I will be acting on what ETHUSD will be doing. XTZUSD is currently out of the boll bands and RSI is teasing 70, my golden sell conditions. I am deleveraging but who knows what will happen, we are in the wild west. If we see a pull back I predict support at 2.7 but we may temporarily dump lower. I will be watching. After which we will come back to 3.2 and break it in an amazing fashion :). Thanks for reading and be safe out there.
COINBASE:XTZUSD
by TezosGang2021
5
Tezos (XTZ) - January 18Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We have to see if we can ascend above 3.3269 points. If it falls, you need to see if you can get support at the uptrend line (1) and at 2.8221. If it falls at the 2.4821 point, a Stop Loss is required to preserve profit and loss. New investments can be bought when they rise between the uptrend line (2)-2.2080. Also, below the 1.6066 point, I think it is a good section to enter as a mid- to long-term investment. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
XTZ / BTC by Rocket Bomb 🚀💣Hi, guys! Alts vs BTC didn't grow so long time. Now I'm looking for some, that stay in real bottom to catch some profits) XTZ / BTC looks like breakout the down trend line. I would like to pay your attention to some of the cryptocurrencies that have been forming a falling wedge for several months. Because the two levels are not parallel it’s considered a terminal pattern. This implies that it must eventually come to an end. MY ADVICE to You , my dear💋 The price may not fall so low, that's why I always recommend splitting buy orders!!!Buy little now for don't miss entry point.If it goes lower, then you average the buying price - it will be great anyway! Tell me, do you trade Alts vs BTC? how are your results? I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
Long
by RocketBomb
3