Tezos; Easy Money, Easy Life? | TEZOS ($XTZ)The exchanges love Tezos, Chainlink fans love Tezos, the bulls love Tezos, FA is bullish, and TA is bullish. With staking and transactions up, and with price continuing up too, what choice do we have but to show some love to the XTZ bulls with our own long setup.
Resources: bitcoinexchangeguide.com + www.coindesk.com + bravenewcoin.com
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1. Fractal Trend is showing an uptrend (Navy bar color) on the 4 hour timeframe. This is indicative of the long term bullish price action on XTZ.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy line color) and/or bullish S/R levels plotted by Directional Bias (Navy line color).
3. Right now we are looking for a long entry off the S1 S/R flip + orderblock cluster which we expect to act as support if the uptrend is to continue short term.
4. Our stoploss is placed just below that level.
5. Our target is the R1 bearish orderblock formed by the highs of the previous price structure.
The trade here is straightforward, buy the next available support and long until the next notable resistance with a setup that gives us a nice R:R.
Good luck fam!
Tezoslong
Tezos Target — Heiken Ashi Suggests 30% Drop
As you can see the current weekly candle using the Heiken Ashi chart is painting red.
We would not be surprised to see a quick drop to the $1.70 area from the current $2.50. A 30% drop. Finding support on what we at SparksterSignals call the golden mean horizontal (dividing the chart visually between bear zone and bull zone).
Following that correction we expect Tezos to break out strongly from the resistance trendline overhead to test it's ATH and enter price discovery mode in the sky's above.
Analise Tezos - XTZ / USDTTezos rompeu a resistencia, que agora passa a atuar como um suporte, na regiao dos US$ 1.78 e disparou ate US$ 2.10 no inicio do dia de hoje, agora entrando em movimento de correcao, buscando a regiao dos US$ 1.87/1.88, que e a regiao dos 50% da retracao de fibonacci, bem como a regiao da media movel de 200 periodos.
Vejo uma boa entrada na regiao entre US$ 1.88 a US$ 1.78, caso o Bitcoin se mantenha na regiao dos US$ 7.100 a US$ 6.900.
Tambem houve um consideravel aumento no volume neste periodo de alta, assim dando maior forca a tendencia.
Breaking out of trading ranges part 2: Tezos vs. EthereumYesterday I highlighted what Tezos would look like if it followed Tesla's recent trading range breakout. $3.50 within a few months is fun to think about.
But what would happen if this xtz trading range breakout were to mirror Ethereum's from 2017?
Bottom line is Tezos is now in price discovery. Its ok to let your imagination run wild.
Tezos to $2.00 could happen quickA few weeks ago I posted an ascending triangle chart of XTZ/USD when btc was around $7,700. I was of the opinion that bitcoin could head lower, dragging down tezos pair with usd. Things have changed and I am now bullish bitcoin, expect it to re-test ath's in 2020, and believe Tezos will be a huge beneficiary of any upcoming bitcoin gains.
February 9 - 15 looks like a prime time for $2.00 xtz
$XTZ $BTC - TEZOS GIANT CUP & HANDLE! I hope you like TEA Boys! I hope you are thirsty for some tea fellas. I expect some huge bullish movement between now and February for $ALTS. #TEZOS whales are shaking out the weak hands painting a giant Cup & Handle. This is a bullish pattern going into Q1, 2020.
Look for my target on the chart. KRAKEN:XTZXBT
Cheers and happy trading!
XTZUSDT formed bullish Cypher | Upto 38.5% bullish move expectedOn Nov 1st I published the idea of Tezos / US Dollar and it produced more than 121% and below was the idea:
Now the price action of World's 10th ranked largest cryptocurrency out of more than 2300 cryptocurrencies Tezos (XTZ) has formed bullish Cypher pattern and entered in potential reversal zone and ready to take bullish reversal soon at any time.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the dimensions of Tezos (XTZ) price action's harmonic move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci (The exact measuring is 0.446 Fibonacci) and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection (The exact projection is 1.333 Fibonacci) and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci projection of X to D leg as required for perfect bullish Cypher and now the price action is entered in potential reversal zone of this bullish Cypher pattern, now we can expect bullish move at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $1.3655 to $1.2356
Sell between: $1.4677 to $1.7140
So this trade has potential to give upto 38.5% gains.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Cypher pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Regards,
Atif Akbar (moon333)
XTZUSDT forming bullish Gartley | Upto 19% bullish move aheadPriceline of Tezos / Tether US cryptocurrency is forming bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 1.2072 to 1.1468
Sell between: 1.2544 to 1.3690
Regards,
Atif Akbar (moon333)
XTZUSDT formed bullish BAT | A good long opportunityPriceline of Tezos / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 1.4736 to 1.4520
Sell between: 1.5257 to 1.6032
Regards,
Atif Akbar (moon333)
XTZUSDT formed bullish BAT | A good long opportunityPriceline of Tezos / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 1.1505 to 1.1347
Sell between: 1.1883 to 1.2450
Regards,
Atif Akbar (moon333)
XTZ BULLISH?$XTZ Weekly
Currently testing the mid range, if this is bullish we should see a weekly close above the 0.5 level and I'd anticipate us testing T1/T2 next.
If I weren't in position, I would wait for a strong weekly close above green; longing from here wouldn't make sense until some confirmation.