XTZ.USDT (Y20.P3.E3).TA on the Macro StructureHi All,
** This is a additional TA to the previous post on XTZ with BTC pairing **
As we had a strong BTC dominance divergence play out, we had XTZ.BTC price drop and bounce significantly while slowly regaining lost territory.
I did this TA against the USDT to see if its still within the acceptable levels for a next wave up. Happily to say, the restests of the previous resistances passed.
As per chart, we have one more resistance and after that, open roof.
My thoughts:
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> Daily indicators are positive, bullish with convergence and hence stay in the trade
> I would expect 2 touches to the resistance and 2 touches to the below support before the breakout otherwise its out.
Please give me a tick or like for this post.
Regards,
S.Sari
PREVIOUS POST
I have noted that we have price above the yellow key level meaning my TA is still relevant.
Tezossignals
Tezos Trouble2 weeks ago we projected a potential 14% drop for Tezos. That exact target was reached 14 days later.
As of today, momentum is still negative although price may establish support at this level.
XTZUSD will need to climb 9% to get back above the downward trendline to show positive momentum.
Although 1-day MACD is pushing up, 2-day and 3-day time-frames show downwards pressure.
So Team Sparkster are currently neutral on Tezos.
Tezos Needs A Good Press Release
#XTZUSD is pretty flat at present. Slowly negative momentum is seeping into the longer term time-frames. Tezos needs a good positive push to break the current downtrend so it can re-set for another test of the ATH.
Not very good trading signals but certainly an accumulation phase for true believers.
Tezos On A Tumble
Short-term moving averages help reveal price swings at any time-frame and produce good signal strategies. Here we can see short-term moving averages on XTZUSD with the yellow line whipsawing downwards into the grey line suggesting negative pressure on price.
MACD is pushing down
Candle formation also showing negative
We are now short-term neutral, even short, on Tezos.
Tezos Ready For Liftoff? 20% TargetMomentum looks good on this one. MACD pointing up. Short-term moving averages pointing up. Candle formation pointing up. Trendline being tested. A break today may see a good continuation towards 20% target. Tezos remains a favorite coin to watch at the Sparkster office.
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!
Tezos Looking Keen To Test The Top
Today's start to the new trading week shows XTZ pointing upwards with a 4.5% gain so far today.
A close anywhere near current price for today should set up price action for more gains tomorrow.
A break above the current resistance trendline will have traders eyeing a 20% gain up to the previous high at $3.50.
XTCBTC beautiful H&S short-longWell that might sound a bit of a contradiction by short to long what I meant was: TP1 = 1st green horizontal; short, 2nd long: red is stop for both.
So basic law of averages leaves me with no choice but to keep it neutral.
If you guys want my personal opinion — take the long approach . I ALWAYS read the white papers of every coin/token ever invested in even if it was a quick flip.
Boggles my mind how people don’t do that I know and I guess I could be one of those unique individuals (and not in the good sense — just weird) But at the end of the day the way I look at it: you wouldn’t purchase a produ ct or service w/o knowing what it was so why swing trade coins and tokens when you don’t know what they do?
Fundamentals and indicators aside — This is and always has been an extremely volatile market so Maximizing every step of the way to mitigate risk is the only way to guarantee a steady stream of profits in the crypto game where the house is rigged to win.
I don’t know how many times I say and I know it sounds pompous but God I am a beast... And I’m not gonna say I’m lucky because I worked my ass off and sacrificed every relationship my life every friendship in my marriage to be a great developer a great day and a better trader than anyone right now that I have met personally anyway.
If you think that’s an arrogant & bold statement; it may be, but ask yourself who else In your life do you know sleeps for 3-4 hours every night in a seven-year straight academic binge with an eidetic memory?
You know the saying about nature first nurture well my brothers trauma surgeon first in his class at Princeton and I’m an MIT dropout.
It’s about 50-50 (nature vs nurture) and In that respect I will say I’m blessed to have the genetics to be able to work half as hard as most ppl and do twice as good Or learn twice as much rather.
This might be the most uncomfortable publication I’ve ever made given the fact that this bad taste in my mouth won’t go away as I have never made such a typical stereotype of a millennial arrogance on crack to the point where it’s just so cliché and boring but you know what? DGAF.
What do you say when you’re as nasty as I am? I went on my Twitter rampage today and I want you guys to check it out by rampage I mean I was flexing hard partially because I woke up in a really bad mood and not put me in a bad mood is seeing the same thing that I saw back in 2014 same thing that I saw back in 2017 in the same thing I’m seeing now which is when blue whales become orcas and predators on minnows with shills and pushing affiliates, brands and just overall greedy opportunism. I snapped.
At the end of the day I’m not gonna pay for promotion and the people are always going to have a father to me because I’m not in the visual but guess what you’ll be lucky to be following me because I’ll make you a shit load of money as I have over the years with much other people and I believe the term is “diamond in the rough” And this right here is a gift so you’re welcome.
When I get a publication wrong then you can give me hell but now analytics reveal a staggering 128/130 accuracy of publications posted including 15% stocks/wallst/commodites. Needles to say: right now I'm not getting NEARLY the recognition and engagements I deserve. Don’t get it twisted I don’t want your followers I want you guys to read so you guys can learn so you guys can make money and grow; something called selflessness. That might be a foreign concept in your world, but not mine.
So with that being said you’re welcome good night and word of advise...there’s no point in chasing publications new traders out there
Do me one favor and don’t pay any fucking loser that’s pretending to be a trader for their services.
Told you this was the greatest altseason of 2020 thus far and a Rising tide lifts all boats so what the hell is the point of making publications and then posting about being right when everyone is right? It’s no different than people claiming individuals on Twitter when all they want is a like/follow/retweet— no. That’s not what I did last night was for that. That was make an anonymous GENEROUS donation for a substantial amount to IRC/ST. JUDE'S/UNICEF.
So keep your clout & don’t follow me, don’t like me; but you will respect me. Because I am better than you and anyone you know and I will challenge you to find somebody better.
Rant over.
C'est La vie.
@a1mtarabichi
OUR DOOM TO BLOOM
"Shine, perishing republic"
robinson jeffers
Cumaean Sibyl, charming Ogress,
What are the simple facts of Progress
That I may trade on with reliance
In consultation with my clients?
The Sibyl said, "Go back to Rome 5
And tell your clientele at home
That if it's not a mere illusion
All there is to it is diffusion—
Of coats, oats, votes, to all mankind.
In the Surviving Book we find 10
That liberal, or conservative,
The state's one function is to give.
The bud must bloom till blowsy blown
Its petals loosen and are strown;
And that's a fate it can't evade 15
Unless 'twould rather wilt than fade."
- Robert Frost.
Published on mobile -- edited on web client sorry if chart came out distorted; check comment for re-posted intended/accurate chart
Green lines represent TP 1-2
Timeframe: Mid-Long
Volatility: high asf
Risk/Reward: 45/55
Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP , SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
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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.
XTZ - 4H - Current situation and analysisWe're in the middle of the range $3.05 - $2.60, don't think to enter any positions here is a good idea, R:R is 1:1. It looks better just to wait the price will touch support or resistance and after that make my turn.
And I would rather prefer to buy pullback than to short it above $3, i.e patiently waiting for the further PA.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
XTZ retest of the daily channelXTZ is one of the most bullish alt coins in the moment, broke up the daily channel, had a retest of the upper line and now going to the high of the move. There's no resistance until the $3.30 area, had a 168% up from the lows. XTZBTC is 14% away from the all times high.
XTZUSD: Second test of resistance Tezos is doing great, bounced off support (missed my bids on a couple of dollars) and goes to resistance to test it in the second time.
Don't plan to short this ride now, because I think it could go higher - to $2.4 for example, where I'd prefer to short, but watching closely on the price.
Mid-term I think it's more profitable to buy pullbacks.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
XTZ/USDT - Buy on dynamic support retest.Buy on dynamic support retest.
Level 1.86 is a reinforced concrete support.
smaller timeframes in bullish trend.
Trendy support is sloping and acts as a break point in the bulls' mood.
In the daily timeframe you can see that the desire to grow is more than falling: