XTZ/USDT (Approaching Key Trendline Resistance)XTZ/USDT
-the price is approaching the trendline resistance again
-technically, we are in a bullish market
-as the price action is above 200ma
-our objective is to look for Long entries
-if we can close above this line resistance
-opening a Buy order is the best position
-upside potential is the key swing top at $4
XTZBTC
Tezos Exhibiting Signs of Bullish ContinuationTezos (XTZ), currently listed as the #10 cryptocurrency by market capitalization hasn't had as bad of a year as other altcoins. Between October 2019 and February 2020, XTZ endured a mini bull run, increasing the value of its token nearly 360%. Presently, XTZ is exhibiting signs of continued consolidation. Let's go ahead and take a look at the XTZ/BTC pair.
Tezos Compression
Above is the weekly chart of XTZ. Here, I highlight the importance of how price is reacting off of support. That support, was previously 16 month resistance. That's a pretty bullish sign if bulls can hold this level. Expectation is for continued consolidation.
Could XTZ just rip to new highs immediately? Sure it can. However, the nature in which price is slowly retesting both support followed by resistance favors more consolidation. Notice how the Bollinger bands are slowly coming back into price (see above). Super bullish if this continues to compress. A possible result of the compression could be a symmetrical triangle (see below). Completion of this pattern would be approximately end of July 2020.
Sign of Possible Altcoin Season
Could we have a new leading indicator for altcoin season? Could it be Tezos? I'll be reviewing these questions in upcoming posts. In the interim, keep an eye on the XTZ chart as it does present an additional 2x upside vs BTC.
Until next time. Happy trading!
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"
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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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Early Bullish Signs #Tezos $XTZ
Weekly
Looking at our highest timeframe we see can see the overall trend remains bearish, even though we've had 5 out of 7 of the previous weeks as bullish candles. Our previous analysis was showing a possible sell-off to $2.10, XTZ printed a low at $2.26 but did not budge. Stochastic RSI showing momentum is in favor of the bears.
Daily
Shifting over to our pattern timeframe we can see Tezos respecting our bullish channel with no signs of reversal. Stochastic RSI showing momentum has bottomed out and we should expect price to continue to the upside. A daily close above $2.55 activates our trade, a rejection from this level and expect XTZ to continue selling to our $1.80 level.
Clean Short Entry on Tezos BINANCE:XTZBTC
The moment I've been waiting for! The longterm trendline has finally broken and now retesting.
Short Entry: 2927sats
Stop Loss: 3120sats
Targets are visible in the chart. This is strictly level to level trading. I'm taking this to hedge my BTC short, because if Bitcoin Dominance increases, alts will most likely fall.
Let's see how it pans out.
Happy trading fam!
XTZ /USDT - Opinion- narrowing the price inside the triangle, blue dotted line is an alternative resistance;
- key level 2.89$
- the indicators point upwards.
Who's not in position:
Enter after the breakout/resistance retest (dashed or solid).
Stop-loss at $2.58. Profits are marked by green zones on the chart.
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
XTZBTC Long Term Trend Line| Structural Support| Stoch Cross Evening Trader’s,
Today’s Technical Analysis – XTZBTC- bouncing off from its trend line, an area of significance for the overall market structure
Points to consider,
- Macro trend line holding
- Structural support confluence
- Resistance test sell off
- RSI below 50
- Stochastics buy cross
- Volume below average
XTZBTC is respecting its macro trend line with an initial bounce that needs follow through. This area must hold as it is in confluence with structural support, a break will negate market structure.
The resistance test lead to an impulsive sell off, a correction to local resistance is highly probable
The RSI is below 50, not officially oversold whilst the stochastics has a buy cross at lower levels, indication of momentum shifting.
Volume has been below average for a while; a bull influx at a key technical level will show strength in price action. This is important as failure can run the risk of negating the whole market structure.
Overall, in my opinion, XTZBTC has a high probability of testing local resistance. A break above will confirm the respect of the longer term trend.
What are your thoughts?
Please leave a like and comment,
And remember,
“Trading mastery is a state of complete acceptance of probability, not a state of fight it.”
― Yvan Byeajee
XTZ Tezos H&S or Bull flagA few days ago i posted this chart:
Tezos shows a very scare picture here. My guess parabolic already broke and just retested, so could mean a big dump coming week or so. break of 2.7ish would be bad, break of 2.55 (that blue flag zone), even worse.
The only way they can prevent a big drop, is going sideways above like 2.6 for a few days. or break 3.0ish
Now we can see the parabolic broke and price dropped a bit, but it never really dumped, also no big sell volume to be seen. So just like ETH, it can still go both ways, but there is one big danger though as well now, the H&S on the left.
Now the only way i see this play out in the bearish version, is like the blue red line. Which means that we have to see a big drop and barely even making a retest of the neckline. Because anything slow and small, could still be as mentioned above, just consolidating above the 2.5/2.6 zone. So what i can judge here, if it's bearish, it should prob drop within like 24 hours. Think if it doesn't happen within that time frame, momentum could be shifting towards the bulls.
So would say that bulls are still in favor here and as long as we don't see a big drop, bulls could simply take over again. That black line on the left seems to be the short term level bulls need to break. The blue line would then also mean, that if we drop but don't dump, potentially even be a buy setup, but then means waiting patiently and getting some real confirmation first.
Don't forget to like if you appreciate this :)
Previous analysis:
Tezos Bullish Engulfing candlestick pattern.Hello Traders,
XTZ is showing us a bullish engulfing candlestick pattern after reversal at 0,5 fibonnacci level, but we still bellow the short term resistance line,
For now we must wait to see if we broke the short term resistance line, but we see this asset on a bullish momentum.
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Best regards Sandro and Gustavo.