XTZBTC
XTZ / USD — Sideways after breakoutHey guys!
Look at XTZUSDT price action, few days ago it broke downtrend.
Now stucked in sideways after breakout, hoping this is re-accumulation before up move to 2.5 target.
You can watch my video explanation about it's move:
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XTZUSD: Scalp Long Bought Tezos here (spot long) at $2.09, targeting $2.3 best case.
Overall Tezos looks good - steady growth since the fall in March, retest of $2.1 is possible on S/R flip.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
C&H Signals parabolic short XTZTezos is Kicking off this beautiful Friday morning kicking off this beautiful Friday morning where the sun where the weather today looks spectacular on the east coast :-)
So my guess is sometime around 4 to 7 AM so my guess is sometime around 4 to 7 AM during peak Asian trading hours (Probably as a result of probably as a result of the resurgence i've coveredProbably as a result of the resurgence of covid19 (second wave) in China with breaking news revealing wuhan has seen a surge of 50%+ cases of coronavirus diagnosis despite the fact their curve had flattened so much so that they lifted their social distancing bylaws and their workers were fully transitioned back into the workplace..
My guess is this is will cause panic and FUD as there's still so much we don’t know when it pertains the coronavirus and more questions than answers leaving too much uncertainty which is the one thing institutional investors cannot stand: Selloffs, recessions & extended bear markets are fine but the prospect of hypothetically reopening the economy just to shut it down again is compelling enough to make everyone on Wall Street shit their pants and seeing as how it's about 6:30 AM EST right now they should be waking up and we should be seeing some parabolic in prominent Alts and much much more volume On BTC.
Edit: When I started this publication when I started this publication you were sidewaysWhen I started this publication we were sideways; I need to keep the opeds shorter Because My prediction literally came my prediction literally came through so quickly that I didn't need to be have a chance to post it yetMy prediction literally came through so quickly that I didn’t have a chance to post it yet.
So as long as you do not fear anything and remain disciplined in your entry/exit pts there is still time to make this entry so I’ll conclude head wrap this up sorry you guys !
So the two main figures to look out for our 2797 aka the stop loss and most important figure & 3168 which is the optimal TP for a perfect short on XTZBTC!
Have a wonderful weekend & a happy Friday everyone.
Stay safe and healthy and take care of yourselves and your families with I reported staggering +800% shattering increase and statistics for domestic violence/abuse we need to keep in mind we are at the crisis right now and the last thing we should do be fighting with those we love the most though is closest to us rather banding together at using this time as a gift try to see the glass is half full.
I’ll leave it at that.
Peace & Love
-@a1mtarabichi
DISCLAIMER
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Te Ves Tan Rica $XTZ $XTZUSD #Tezos
Weekly
looking at our trend timeframe we see XTZ has formed a higher low at $1.40 and price is now looking to make a push towards the upside. Stochastic RSI showing bearish momentum has slowed down and we could be seeing a shift towards the upside. With enough momentum expect XTZ to see $2.20 soon.
Daily
switching over to our pattern timeframe we see the price has respected our downtrend since forming a high at $3.92, stochastic rsi showing momentum is in favor of the bears with no signs of slowing down. Swing low ($0.77) to swing high ($3.92) shows a retracement was made to our 95%; we did not touch this level however we did come close. The price ended up holding at our 87%, we are now looking for a daily close above $1.95 to activate our trade and head towards the upside, rejection from this level and expect our sell-off to continue towards $0.92
Tezos Long Term Bull Dead or Did they Just Slipped, Part 2Just gonna copy my previous analysis here, since it's important info to understand what is going on.
On the left we can see what a perfect long term shape it made in 2020 and an even more amazing breakout with huge volume . It was all just perfect, couldn't get any better!! But as we have seen since Bitcoins 10K exit scam move, it dragged Tezos down with it, which would have been okay if it had just retested 2.20/2.50. In theory 1.80 was allowed as well, but the market had one of it's worst days ever and XTZ broke it's VERY important support at 1.80. Now as the title says, maybe it was because of the extreme liquidations that the Bitcoin leveraged brokers couldn't handle, which caused this extended dump. That is clear, but still, there were many people who sold their XTZ coins, so it was still voluntary selling. Now to be honest, i don't even know if XTZ is a highly leveraged traded coin like Bitcoin or ETH. Because if it is, then maybe it were the bulls that slipped. If not, i tend to say the long term support broke, the breakout simply failed and a big chance it's bad news for this year.
Now looking on the right, we can see it actually made a similar shape as we have on the left. With a nice breakout but with shitty volume . So still at a dangerous place if you ask me, which we can see being confirmed with the weak movement of the past days since the break out. It's still above the green zone and in theory it can still make that strong volume pump, but so far doesn't like it has that intention. But as we know, financial market do the unexpected many times, so there certainly still is a chance.
To give guidelines for this, i have drawn those channels. The bigger one shows price is moving in a downtrend, which is not great for a retest. Usually want to see retest happen fast and price pump again (showing eagerness of the bulls). So until now, not seeing any of that (yet). Then i have drawn a smaller channel, now i am not sure if I have drawn it correctly, but it seems it broke it's support already and could be headed to the support of the bigger channel.
Now from my experience, a retest is always allowed after a breakout, but a second retest moves the odds to neutral or even slightly in favor of the bears. So i think it's better to see a higher low than the first retest at 1.8 three days ago. There is maybe a backup plan around 1.66 (lower green zone), but its a bit of gambling though to say that upfront. Short term, think bulls need to break the red zone on the right around 2.05, similar as i described in my ChainLink analysis. As i am writing this, it made a small drop . almost breaking today's low.
Current situation: As we can see, nothing really happened since my previous analysis. Price is still moving below that smaller channel which is a bit bearish AND price got rejected from that bigger channel as well. However, that rejection is quite small so far, so not that meaningful and could easily change. As we can see, it seems we have a local support around 1.88. If this level doesn't break soon, it would mean that big channel will break and we could see some bullish reaction. As you can see there is not a lot of room, so i think we might get an answer today. So i think, according to the channel, the levels are 1.88 and 1.96/7.
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Previous analysis:
Tezos Bullish ViewBullish view for Tezos
1H chart
Fib spirals showing areas of potential support and resistance, showing bottom and tops
Positive volume trend
Falling wedge can be observed and is a bullish continuation pattern in this case
My other chart for Tezos, as you can see there is a rising wedge, a bearish pattern. Which pattern will be dominant?
On the daily chart a fib spiral has provided a nice support, 'supporting' this bullish view.
XTZBTC Fractal| .618 Fibonacci| Trend Line| Volume Profile Evening Traders,
Today’s Analysis – XTZBTC – a highly probable fractal at play, the .618 Fibonacci coinciding with the overall trend line perfectly.
Points to consider,
- Trend Bullish
- Impulse move from .618 Fibonacci
- RSI neutral
- Stochastics in upper regions
- Similar volume profile
XTZ’s trend is bullish with consecutive established higher highs, respecting the trend line to a T.
The .618 Fibonacci has held true twice with confluence from the trend line, leading to two impulse moves.
RSI is currently neutral, similar to the previous test of the trend; this goes the same with the stochastics, trading in the upper regions (momentum is up).
The volume profile looks similar in shape, a declining and tapering off as price magnets to the trend line.
Overall, in my opinion, this is a highly probable fractal at play with a retest of the trend line being the confirmation. It is an easy manageable trade where invalidation will come quickly, that is when the trend line breaks.
What are your thoughts?
Please leave a like and comment,
And remember,
“People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth.” - Jesse Livermore
XTZ - Future is nowThe breaking is coming very soon!
Are you short or long. I'm 50,1% short in middle term with a retest and confirmation of 1$ bottom.
Share your POV
Tezos Long Term Bull Dead or Did they Just SlippedOn the left we can see what a perfect long term shape it made in 2020 and an even more amazing breakout with huge volume. It was all just perfect, couldn't get any better!! But as we have seen since Bitcoins 10K exit scam move, it dragged Tezos down with it, which would have been okay if it had just retested 2.20/2.50. In theory 1.80 was allowed as well, but the market had one of it's worst days ever and XTZ broke it's VERY important support at 1.80. Now as the title says, maybe it was because of the extreme liquidations that the Bitcoin leveraged brokers couldn't handle, which caused this extended dump. That is clear, but still, there were many people who sold their XTZ coins, so it was still voluntary selling. Now to be honest, i don't even know if XTZ is a highly leveraged traded coin like Bitcoin or ETH. Because if it is, then maybe it were the bulls that slipped. If not, i tend to say the long term support broke, the breakout simply failed and a big chance it's bad news for this year.
Now looking on the right, we can see it actually made a similar shape as we have on the left. With a nice breakout but with shitty volume. So still at a dangerous place if you ask me, which we can see being confirmed with the weak movement of the past days since the break out. It's still above the green zone and in theory it can still make that strong volume pump, but so far doesn't like it has that intention. But as we know, financial market do the unexpected many times, so there certainly still is a chance.
To give guidelines for this, i have drawn those channels. The bigger one shows price is moving in a downtrend, which is not great for a retest. Usually want to see retest happen fast and price pump again (showing eagerness of the bulls). So until now, not seeing any of that (yet). Then i have drawn a smaller channel, now i am not sure if I have drawn it correctly, but it seems it broke it's support already and could be headed to the support of the bigger channel.
Now from my experience, a retest is always allowed after a breakout, but a second retest moves the odds to neutral or even slightly in favor of the bears. So i think it's better to see a higher low than the first retest at 1.8 three days ago. There is maybe a backup plan around 1.66 (lower green zone), but its a bit of gambling though to say that upfront. Short term, think bulls need to break the red zone on the right around 2.05, similar as i described in my ChainLink analysis. As i am writing this, it made a small drop. almost breaking today's low.
Please don't forget to like if you appreciate this :)
ChainLink analysis: