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XTZBTC

Bearish pattern breakdown and support levels to watch out for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
BINANCE:XTZUSDShort
by CryptoRush_
3
✳️Tezos/BTC (28/10) #XTZ $XTZ #XTZBTCXTZ is at the bottom of the previous bullrun, which raised from 1500sts to 4000sts. So there is definitely a significant buying force here, we can buy with low risk. 📈BUY- LONG Strategy - Buy in the 1450-1500sts zone, stop loss if the 1D candle closes below this zone 📉SELL-SHORT Strategy - Sell in the zone of 2200sts, stop loss if the 1D candle closes above this zone - Sell in the 2400sts zone, stop loss if the 1D candle closes above this zone ♻️BACK-UP Plan - Buy in the 1200-1300sts zone, stop loss if the 1D candle closes below this zone. - Buy in the zone of 900-1000sts, stop loss if the 1D candle closes below this zone.
Long
by CryptoStation
XTZ Double Descending Wedge PatternThere are 2 descending wedges that have formed. A larger, longer term descending wedge that is nearing its end and a smaller descending wedge inside the large wedge. Either way we break out of the small wedge, the bears or bulls haven't really made any progress until the longer term wedge pattern has broken. A lot of uncertainty in the markets with what is happening the world. It may seem very bearish for alt-coins that they are doing so poorly against bitcoin right now but this is how the cycles work. The money will soon flow into the alt-coin space. Seeing as a descending wedge is typically a bullish pattern, I am long in the mid/long term. Also note how little volume there has been in XTZ/BTC the past 4 weeks. Volume is an important consideration. It really proves the move is true. For bears, the low volume should be concerning. For bulls, this looks like a ripe setup to break the descending wedge bullish. A break of pattern by early November looks imminent. Happy trading.
Long
by Dildewd
3