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XTZBTC

XTZ.BTC (Y20.P3.E2).TA on the Macro StructureHi All, My thoughts on Tezos against BTC: > Price is below the 10 to 100 EMA on the Daily price action and these ema ribbons have confluence headed towards the current 0.5 or 0.382 Fib retracement level as per chart, which is equivalent to the red min line of the Fan pattern, which at times can be a reversal pattern or bullish pattern. > Note the points of touches on the chart structure, by the dark boxes. 2 touches to the top and potentially the 3rd touch to the bottom, completing the ABCDE formation. > Note that we are in the 3 to 4 of the elliot impulse with a complex correction and the chart pretty much confirms this. I learnt recently that 3 to 4 is usually complex to strip of our gains with the 0 to 3 impulse which are usually clear trends. And just like BTC, we will end up going from 4 to 5 after this formation. > Both bottom indicators show that we are approaching the bottom reversal area. I'm looking for a cross over of the signals on the WT and if you note on the Phoeix, energy is moved above the 50% mark showing an emerging divergence. Daily with key pivot points and levels Daily with EMAs 12 HRLY chart: No bullish candles yet Please give me a tick or a like for this post. Regards, S.Sari Moving off the Tezos topic, check out the monthly close now and how bullish it still remains for the long term.
Long
by ssari
1
Tezos is cheapXTZ/BTC has been consolidating in this symmetrical triangle since February. If you're fundamentally bullish on this coin, and who isn't, you might be looking for buying opportunities. Bitcoin looks like she's about to go running, which has made alts skittish. But such drops in alts, especially liquid ones, often play into the bigger picture even when they're triggered by external or random factors. The March selloff, for example, gave Tezos a roughly 50% correction of the screaming upmove it had been making, taking it to rest right on previous resistance now turned support. The move down yesterday took price into resistance-turned-support from over a year ago. This coincides with the 200-day Simple Moving Average. The "real" MAs on charts such as Huobi's with more history are in more or less the same place. So could it bounce here? Possibly. But stronger support, the 200-day Exponential Moving Average, and the lower triangle trendline, are a bit lower, and that's where I'm looking for a higher probability long. Then hopefully a break of the upper triangle line, the resistance at the top of this range, and blue skies above.
Long
by SimpleCryptoLife
4
XTZBTC Range Support| Bullish PA| .618 Fibonacci|S/R Flip RetestEvening Traders, Today’s analysis – XTZBTC – reclaiming its range, a retest of support will allow for a long entry with defined risk. Points to consider, - Immediate trend bullish (consecutive higher lows) - Range support confluence (.618 Fibonacci) - Range resistance target - Oscillator neutral - Volume below average - Long retest (risk defined) XTZBTC’s immediate trend is bullish with consecutive higher highs and higher lows. This gives us a bias that any impulse sells and oversold conditions are for buying. The range support is a key level that has been reclaimed; price is likely to retest this level as it is in confluence with the .618 Fibonacci. Range resistance will be the immediate target, breaking this level will be very bullish, continuing the trend. Oscillators are both neutral, remaining above their respective 50 level; this indicates bullish momentum in the market. The immediate volume is below average, this must increase for continued follow through, price action needs to be back with conviction. Overall, in my opinion, XTZBTC is probable to retest local support which will allow for a long entry with defined risk. Price action breaking below range support will negate the trade. What are your thoughts? Thank you for following my work! And remember, “Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.” ― Yvan Byeajee
Long
by AzizKhanZamani
XTZ.USD (Y20.P3.E1).Dont forget TezosHi All, Tezos is beginning to show some signs of strength. Recently it has broken a key level and if it can hold, this pattern will likely play part of a much larger movement. This will be new territory for all time highs, just like Link and hence it will be difficult to forecast beyond here. If I was to guess, $4.25 is the target for this Elliot impulse to point (1) at the macro level. Observations: Note key levels of resistance and support on the daily and short time frames are clear; 2Day chart> bullish momentum still to the upside as per Phoeix indicator. Daily Chart > Bearish div, potential pullback; 4 HRLY Chart > Have 2 targets, difficult to say for the short term. XTZ.BTC daily chart Please give me a like or tick for this post. Regards, S.Sari
BITFINEX:XTZUSDLong
by ssari
Uptrend channel on XTZ.Hello, traders. TEZOS/BTC is inside a bullish uptrend channel on the 4-hours chart, so we believe that the price has room to go test the top of the channel, and later the important resistance level. What Is an Ascending Channel? An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. Ascending channels show a clearly defined uptrend. Traders can swing trade between the pattern’s support and resistance levels or trade in the direction of a breakout or breakdown. Push the like button and follow us!
Long
by MarketMinds