Xtz: Ready for a 225% pump?If you are like me and market bought Xtz yesterday with leverage, you are sitting with 120 - 330% in 24 hours.
But what's next here?
We just touched for the 3rd time July 2018 the level at 1.86, confirming that it's now a resistance.
With the start of this next bull run i'm expecting to see a break pretty soon, but first we need a retrace.
My entries area are at 1.59 - 1.69, this a great support area and with the bull market you can see good accumulation going on.
What's my target?
My target are:
- 2.62 for the short-term (Around 2 -5 weeks)
- 5.13 for the mid-term (Around 2 - 5 months)
If you have questions feel free to ask, you can click on the link below and you will be re-directed to my private groups.
Cheers!
XTZBTC
For my Tezos Fam that trades to BTC...still extremely bullish.Honestly this chart made me more bullish than the last one. Not too crazy to consider $4 a target by end of Feb... Especially if BTC moves up as XTZ/BTC approaches and most likely dominates ATH. I see why some argue we are not truly in price discovery...but same outcome it seems. ;)
Tezos Update After Great Profits | Chart MappedWe started looking at Tezos (XTZBTC) back in 2018, but only in 2019, this altcoin pair became available for trading in many of the major exchanges.
We jumped in and Tezos treated us really well with great profits... You will find the charts at the bottom of this post.
Now, by popular request, here I mapped all of the Fibonacci target and support levels for Tezos vs Bitcoin... Blue is for support while magenta is for resistance/target.
Tezos (XTZBTC) indicators are bullish and there is room for additional growth.
Below you can find our chart from Nov. 2019 with over 120% of profits:
Another one from Oct. 1st:
We saw it coming since September 2019... This is our second ever chart for Tezos (XTZBTC):
Thanks a lot for your continued support.
Remember to hit LIKE!
Namaste.
Breaking out of trading ranges: Tezos vs. TeslaWeird comparison - I get it.
But I want to showcase what can happen when something breaks out of a long-held trading range. In the week of December 16th, Tesla broke out of its 2.5 year trading range and has since climbed over 150%, culminating one of the most impressive month and a half runs ever.
Similarly to Tesla, this past Sunday, Tezos broke out of its trading range that it held for nearly a year and a half. This idea illustrates where Tezos would be it it followed Tesla's breakout pattern --- roughly $3.50 by the middle or end of March.
Potential golden corner pocket XTZ/BTCBINANCE:XTZBTC Made a perfect retrace to the golden zone (between the 618 and 65). As long as that pivot holds there's an 80% chance it reaches the median line of the pitchfork. The initial algo target for this move is the -.236. The 4 hour currently resides in a bull flag so we should see some movement soon. This a mid-long term play so size your trade accordingly.
Tezos medium term bull scenario (USD)Expect more short term selling pressure as significant buyers remain on the sidelines until price capitulates one final time. The current chart is not appealing at the moment for traders with size - easily shown by the declining trading volume since 2019's high. Watch volume closely. Also, watch the Tezos price trend cycle throughout the day. When daily trading highs are made morning or mid day, and followed by a sell off to close the day -- typically means that more downside is coming. On the contrary, when the day starts out red but closes higher than it began, traders are starting to accumulate and hold positions.
Now to my projection. I am a believer in ascending triangles. I see one in the making with Tezos and believe it will ride the ascending triangle for the medium-term. My price projections are based off of similar moves from Tezos and other cryptoassets as they formed and broke out of their patterns. Typically it takes 3 attempts to break ascending triangle resistance. Once resistance is broken it will immediately flip to support. If support holds I firmly believe that we will not see $2.00 XTZ ever again.
Love to hear your thoughts. Good luck!
Tezos to $2.00 could happen quickA few weeks ago I posted an ascending triangle chart of XTZ/USD when btc was around $7,700. I was of the opinion that bitcoin could head lower, dragging down tezos pair with usd. Things have changed and I am now bullish bitcoin, expect it to re-test ath's in 2020, and believe Tezos will be a huge beneficiary of any upcoming bitcoin gains.
February 9 - 15 looks like a prime time for $2.00 xtz