XTZ OVER BOUGHTXTZ was listed recently on all major exchanges which caused a bull frenzy where XTZ was over bought in the short term. With the triple top failure to break out most probable move will be a correction to the respective fibonacci levels
XTZUSDT
XTZUSD building massive bull flagTezos is in the process of building a huge bull flag. Price has occupied the upper portion of the flag for the majority of the move. A break above the downtrend line with some volume will have me long in a big way. This has the looks of a great opportunity.
Tezos Profit Booked. Retrace Income!Traders and hodlers. I hope you guys are stashing away your dollars, cause we have been rolling in the green lately on these Tezzies calls! 7 FOR 7!! Woo. I wouldn't call this next one a "call" but more of a lets see what happens next this go around from booking profits at $3.29 from a $1.35 entry. Boo yah! Go hit the play button on my past calls if you are looking for someone to follow.
So, why did I take profits? If you zoom in on a smaller time frame we can see it start forming a head and shoulder pattern. On the larger time frames, everything was in oversold territory. Once things start going parabolic I try to look for patterns to give me an indication of when we move down.
REMEMBER FOLKS: In this market we aren't trying to PINPOINT tops or bottoms, we are trying to look for indications that things will start to roll over or keep going. This is especially important in a parabolic market. Selling to soon could cost you a lot of potential upside.
Plenty of indicators saying we will get a pullback. but the question is how low do we go? and what do we do once it starts going down? I believe it's quite possible we will see it go down to this $1.80 - $2.25 area. How do you play that if we don't know where the bottom is?! You guessed it! We can LADDER our positions! Starting at $2.25 with buys down to $1.80 so we can get some fills in and gauge if we want to enter more or not if we see some bottoming action around that area.
Ok, so here is what I am doing depending on how fast the market moves down. If we are moving FAST i am going to put a buy right at $1.93 to try to scoop up a spike that goes past $2. If it's slow, I will place ladders.
and wow, tezzies moved down 20 cents since writing.
Cheers,
-Sherem
Breakout update: Tezos (today) vs. Ethereum (2017)After Ethereum broke through it's initial trading range, price increased by 160% in 5 days. It then fell 45% the next day, but quickly rose back and resumed the bull. In less than 2 months, ETH rose from $22 to $100.
Tezos had a similar, albeit less dramatic rise, after breaking it's trading range - climbing 93% over a 7 day period. It's currently down around 25% from it's high yesterday.
Will be interesting to see how this comparison plays out over the medium term.
XTZ/BTC TA Update (30% Up More?)XTZ/BTC
How high can XTZ go? base from Fib extensions and trend-line resistance, this parabolic move may up to 3600 - 4200 sats levels.
I do not recommend buying this coin at these levels. Wait for a pullback if you are looking for Long entries.
XTZUSDT: Looking for an Entry Point for Tezos Bitcoin continues to print large green candles, recovering quickly against corrections - we're in a real bull market guys.
Another sign of this is altcoins, which began to rapidly recover after months of losses; first of all exchange tokens ( HUOBI:HTUSDT , BINANCE:BNBUSDT ). But better not to chase pumps but find new ones, therefore It's finally time to start to sizing up different altcoins.
Tezos ( BINANCE:XTZUSDT ) looks like a beast - it crushing one resistance after another. Volume is outstanding as well.
I don’t have any idea how long this will continue, but it looks parabolic already.
Thus, assuming bitcoin bullishness I would like to have a position in it, but I don't like to buy at resistance, so I think if we get a pullback I would buy at
> $2.65 - $2.5
Information is just for educational purposes, never financial advice. Always do your own research.
Tezos Imminent Push To $3.00 Price TargetI believe Tezos will be a big winner in this bull market trend.
Tezzies a Critical juncture, some paths!Tezzies. We have had an excellent run here lately and we're starting to cool off a bit after a substantial rally. It's no surprise we are getting a pull back after a major rally. If you didn't get out in that 2 hour window where tezo was above $2.11 basically just on coinbase, I would worry about it. You should be in a very good position getting in at my last $1.35 call as I did. Remember, we aren't trying to pinpoint tops or bottoms, we are trying to keep our emotions in check and make money. Maximizing returns in trading means not trying to be right, but rather being in position to make a profit whether thats a big profit or a small profit.
On to tezos. If you haven't read my analysis on XTZ/BTC, please do, its critical right now. We can see a direct correlation in upside movement to how xtz/btc moved. The base on the cross should correspond to the xtzusd $1.80 level and we should launch to $3. However we could also slowly linger back down to this $1.50 area that we have for support and form a very bullish formation. What we will need to do is watch this $1.80 level very carefully. If it appears it will break and that that xtz/btc isn't going up as it looks, we will want to sell and try to rebuy and protect our profits. However, if we could form a bull flag or just use the $1.80 level as support. From the looks of it, the next target will be around $3 unless something crazy happens and we launch even higher.
What of the head and shoulder you say good monocle sir? These patterns?
Well on Binance it appears as if we have even broken to the downside and coinbase looks like it's done forming. This is a good case for it to touch $1.80 and very tradeable. Since I am not terribly worried about missing 15 cents of downside, but more worried about missing a $1 of upside, I am going to watch and see what it does here and what happens at this $1.80 level if we get there.
Happy hodling!
[XTZ] Daily Consolidation TradeLet's try shorting once again.
XTZ is long way from moving averages (1D EMA12/26), and RSI close 80.
Yes, it's in daily up trend, but even bull needs breath, I am trying to take advantage of the breathing.
Entry: ~2.2
Stop: 2.4
Target: 1D EMA12/26.
PS: playing short when entire crypto space is moving up is dangerous, DO NOT do this if you don't know what is position sizing.
Breaking out of trading ranges part 2: Tezos vs. EthereumYesterday I highlighted what Tezos would look like if it followed Tesla's recent trading range breakout. $3.50 within a few months is fun to think about.
But what would happen if this xtz trading range breakout were to mirror Ethereum's from 2017?
Bottom line is Tezos is now in price discovery. Its ok to let your imagination run wild.
pretty simple trend lines. but i like what i seesometimes a fancy chart makes me over analyze whats in front of my eyes.
XTZUSDT on a uptrendHi Traders
Possible long opportunity for XTZUSDT. EMA start form a nice uptrend as price is raising almost the entire 2020. Aim for the highest close price in December 19. But consider that there is not a lot of data for this pair yet.
XTZUSD Strong Mirror Resistance LevelAt a strong resistance level, history has shown a pullback to have occurred when price has reached this price every time. If history repeats itself a return to the strong trendline is likely, extended gaussian channel supports this.
