XTZBTC
XTZ / BTC - way to oversoldHidden bullish divergence coupled with a 5 wave correction from previous high. Possible another 20% down from here should BTC and the whole market retract more but I would start ladder buying from this moment onwards. BTC Dom. pierced immediate resistance but more overhead horizontal resistance and descending trendline is intact so should we see a break in the stock market, where the correction should also be finishing soon (hopefully), BTC going down a bit further and then relief rally for the whole market.
XTZBTC is in a very interesting placeHi all,
Just a quick TA from me.
The chart says it all, have a look around, zoom in and see how the down trend support line shows that XTZBTC is in fact in a bull flag.
There is of course a very real chance that the markets correct some more if the Dollar has a minor correction rally before it's inevitable further downside.
If we did breakdown I think XTZBTC would just make another bear trap / failed breakdown and that it would in fact just be an even better better place to buy.
This is not financial advice by any means, these are just my thoughts so trade and be safe :)
What are your thoughts?
Last hidden support channel?Related to my first idea. There is still some hope left.
Seems a last hidden support channel has raisen. The green line goes back to 7 Nov 2019.
Three days in a row strong support same price. Shows a chance for growth.
Remember even Chainlink needed 7-8 months before it's big breakout.
Stop loss below 2200 sats.
tezos everyones least favoriteTezos has proven to be a failure for many traders. Its quickly become one of the most popular revenge traded charts and ultimately rekking everyone who trades it.
I actually think xtz has bottomed, and there is no where but up from here, as it gains momentum it should rocket it to new highs because everyone will buy it to "get their money back".
XTZBTC - hidden bullish divergenceXTZ hasn't done a whole lot lately but we should start to see some upside shortly (1-2 weeks).
As of right now on the weekly chart, we have higher low on the price and a lower low on the RSI = bullish divergence.
I believe XTZ to be one of the gems over the next year.
not trading advice
thoughts/comments?
TG
XTZBTC The Tezos syndrome. Time to buy.XTZBTC has been one of the most consistent pairs throughout the year 2020 so far. So consistent, that in fact helped me calculate the exact top and take a sell position and hit the target with surgical accuracy as you can see on the idea below:
Now I believe it is time to start buying Tezos again as the price has made successive 1D closings above the (blue) annual Rectangle's Support and the LMACD is close to making a bullish cross. See how the LMACD is an additional tool (a little lagging but still quite effective) in determining tops and bottoms.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
Shout-out to TradingShot's top TradingView Coin donor this week ==> NilBalance
$XTZ bullish until it closes a week below 24k sats$XTZ bullish until it closes a week below 24k sats
Tezos on it's last leg?Mixed signals. with higher volume then couple months before. Bearish red wave continuation till mid september. Long if support trades on time above the blue line in. Short if it falls or consolidates longer.
Hard to say a target, since it consolidated for a long amount of time.
Just to point out. The longer it consolidates, the more bears losing momentum
XTZ currently at a historic support. How to play it?While XTZ has disappointed many because it hasn't broken out of this range, it's still been VERY profitable for anyone who traded it.
XTZ is currently at a solid support level. I personally entered a long position at 25k sats, a bit premature but I am ready to exit.
According to the previous XTZ price pattern, I expect at least 20% up to 47% BTC gains in the upcoming 7-15 days.
LONG CASE:
Buy @ 25k - 27k sats.
TP1 @ 31k sats.
TP2 @ 36k sats.
SL @ 1D close below 24k sats.
SHORT CASE:
Sell @ 24k-23.3k
TP1 @21k sats.
I will post more updates this week on the BINANCE:XTZBTC pair.
Feel free to challenge my TA in the comments, the best way to learn is through discussion!