Tezos: Whale Activity (Price Action, RSI & MACD)Notice on this chart we have a descending channel. At the end of the descending channel, 18-June, we see really high buy volume. After the down-move within the channel we see the development of an ending diagonal, which is a reversal pattern. All works out pretty well.
There is a strong decline and we have strong bearish volume as this decline is happening. The decline ends with massive buying and we see how the volume bars turn from red to green. And this is followed by a reversal pattern. It is only natural to expect a bullish breakout followed by strong growth; as we can clearly see the sequence going from bearish to neutral, from neutral it will evolve and turn bullish, bullish will lead to growth.
The daily RSI bottomed 11-June 2023, followed by a higher low in April 2024. At this same time, XTZBTC has been going down and this produces a very strong bullish divergence, which is another reversal signal.
The daily MACD bottomed December 2022 and here we also have a long-term bullish divergence.
This pair is ready to grow.
Thank you for reading.
Namaste.
XTZBTC trade ideas
XTZBTC 6HAnalyze XTZ/BTC
The long sequence of red candles in a row shows the bearish channel, but looking in perspective it is clear that XTZ/BTC is in an accumulative formation, indicating a trend reversal.
The MACD histogram is below the zero line, indicating the reduction in bearish momentum, its convergence indicates that a change in trend may be close.
The RSI is neutral and can move in any direction.
A confirmation would come with the MACD crossing the zero line and the RSI remaining above 50.
The prognosis is positive, with the XTZBTC pair alone being worth HOLD, as XTZ is a high-performance blockchain and open source platform for assets and applications, with a strong focus on code security, on-chain governance and decentralization. Tezos 2.0, the next step in the evolution of Tezos, aims to improve scalability (via layer 2), composability, and implement support for mainstream programming languages (such as Javascript, Typescript, Python, and many others).
Next supports: 0.00001772 / 0.00001692
Next resistances: 0.00002031 / 0.00002194
TEZOS ATTENTION! 22123Tezos has not only bottomed out against the dollar. It is holding this level as support against Bitcoin. Moving average is a stones throw away. I expect Tezos to make a monstrous move at some point as it reverts to the mean. Conservative players just set a fib from top to bottom and take profits at each major level. Those with the stones. Hold most til 10 bucks and ride a moonbag to 100 as this becomes the only true decentralized POS chain that has been knocked around by the SEC and lived to tell.
Tezos Bottomed Out: Early SignalIt is likely that Tezos (XTZBTC) already hit bottom... Let's consider this weekly chart.
We have a major downtrend that started in the year 2020.
In 2021 there is a relief rally and followed by the resumption of the bearish trend.
It is easy to see lower lows with decreasing volume until present day.
➖ Welcome to the year 2024.
As the year starts we soon see change. The action becomes shaky. We have a very strong red candle followed by a green candle that cements a new All-Time Low. Trading volume is above-average and the usual pattern changed completely.
This "change" is the most relevant signal.
If XTZBTC were to continue in a downtrend long-term, we would see the same behaviour, the same pattern and higher volume on the lower lows.
We can also draw a 3-3-5 correction from August 2020 through January 2024.
This is an early signal but XTZBTC is likely to go bullish in 2024.
Namaste.
✳️ Tezos Candlestick Pattern Confirms Bottom (500% Or More)Join me, let's start with candlestick reading.
Tezos (XTZBTC) Weekly Chart
We have two candles to look at in this chart.
1) Following a strong drop, high bear volume, we get a Hammer (26-June). It produces a lower low compared to early June but the volume is lower and the candlestick closes green. All this combined can be read as a reversal signal.
2) This week we have a full green candle with the highest volume since February and trading above the four previous candles high/close. This candle confirms the reversal signal we got from the hammer.
That's it.
You can also see a young bullish cross on the MACD, with bullish divergence on the histogram turned green:
And the RSI hitting a new All-Time Low.
I don't know if Tezos will increase in price but the chart is saying up.
The potential can vary... Medium-term 300%, long-term much more.
Additional details on the chart.
Namaste.
$XTZ/#BTC [#Tezos]: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the $XTZ / $BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00005174 | 0.00005375 | 0.0000578, and the major support zones can be found at 0.00004769 | 0.00004565 | 0.0000416. Consider entering at the current price zone of 0.00004957 and targeting higher levels.
◰◲ General info :
▣ Name: Tezos
▣ Rank: 49
▣ Exhanges: Binance, Kucoin, Bybit, Gateio
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Tezos is a multi-purpose blockchain which aims to combine a self-amending protocol and on-chain governance to manage future changes and implementations to the network. It supports the creation of new tokens and smart contracts (thus decentralized applications or dApps). The on-chain governance system enables token holders to make decisions together and improve the network over time, as opposed to the less-inclusive off-chain governance models used by Bitcoin and Ethereum.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00004957 ₿
▣ 24HVol: 95.164 ₿
▣ 24H Chng: 1.703%
▣ 7-Days Chng: -12.17%
▣ 1-Month Chng: -17.96%
▣ 3-Months Chng: 0.74%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00005174 | 0.00005375 | 0.0000578
◢ Support: 0.00004769 | 0.00004565 | 0.0000416
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: NEUTRAL
◰◲ Technical Indicators Summary : NEUTRAL
◲◰ Sharpe Ratios :
▣ Last 30D: -1.51
▣ Last 90D: 0.63
▣ Last 1-Y: -0.83
▣ Last 3-Y: 0.35
◲◰ Volatility :
▣ Last 30D: 1.06
▣ Last 90D: 0.84
▣ Last 1-Y: 0.90
▣ Last 3-Y: 1.20
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.55 - Bullish
▣ Reddit sentiment score is 0.82 - V. Bullish
▣ In-depth XTZBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
$XTZ/#BTC [#Tezos]: Resistance_Breakout_Confirmation◳◱ We've detected a Resistance Breakout and Confirmation on the $XTZ / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.00005055 | 0.00005207 | 0.00005607 and the major support zones are respectively at 0.00004655 | 0.00004407 | 0.00004007. We may consider entering a trade at the current price zone at 0.00005032 and targetting higher levels.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00005032 ₿
▣ 24HVol: 29.760 ₿
▣ 24hChng: 4.681%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00005055 | 0.00005207 | 0.00005607
◢ Support: 0.00004655 | 0.00004407 | 0.00004007
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.62 - Bullish
▣ Reddit sentiment score is 0.52 - Bullish
▣ In-depth XTZBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
XTZBTC - Ranging in Channel, Moving UpwardTEZOS has been trending top to bottom in this descending channel for a while now, and we've recently tested been rejected by the lower edge once again, back to the top edge we go!
We've got a Buy signal from CTv2 to help confirm the upward move and should be able to lock in a good 15-20% on this one.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
✳️ Tezos vs Bitcoin Hit Bottom | 45% To 135% Bounce PossibleIf you've been following, you know that altcoins printed a major low/support in May/June/July 2022... This low is being mostly followed by a higher low in Nov./Dec. 2022... This is not the case for Tezos (XTZBTC).
Tezos hit a low in May 2022, before many other altcoins/pairs, and after a long consolidation phase it broke down and went lower, hitting a lower low which make this chart setup much better for those who trade.
A higher low is good, it is a great bullish signal.
A lower low in this type of scenario, at this point in the cryptocurrency market cycle is even better, because all the weak hands have been removed, the sellers are fully exhausted...
So, while the pair that hit higher lows will move ahead, the pairs that hit lower lows like Tezos can actually grow for longer because of less weak hands.
The lower low resulted in a "V" pattern which is a strong recovery signal.
The RSI went oversold but is now leaning toward strong.
Remember, a strong RSI at low levels is a heavy signal, it means that prices growing next are more likely than not.
The targets are marked green, this is true across all charts to make it easier for you.
The support levels are marked blue, always, across all charts as well.
We have 45% easy target to start, followed by a peak of 135%... There can be more but we go step by step.
Namaste.
XTZ/BTC Bottom is in?Hi folks, welcome back to RS_Crypto Analysis. It appears that the XTZ/BTC pair has been forming a falling wedge pattern for 1659 days. Based on this analysis, it is possible that the current price represents a bottom for the pair. It is expected that the XTZ/BTC pair may see an upward movement within the next 1-3 months.
Tezos Long-Term Support Activated (Over 150% October '21 High)The long-term support for Tezos vs Bitcoin (XTZBTC) has been activated.
This support level was hit back in January 2021 and was followed by a 235%+ bullish wave.
This same support level was briefly breached in May 2022, 1.5 years of bear market correction, which signals that a trend change is very likely and soon to come.
Because this long-term level has been activated and now Tezos is rising
You can see the similarities marked above on the chart.
Don't worry about the short-term price fluctuactions...
Do not stress about the small details... Just buy and hold.
If you wait 3, 5, or 8 months...
You will be doing really good because the market is hitting bottom...
Aftter we hit bottom, the only place left to go is UP!
Namaste.
Tezos Analysis + The Next Altcoins Bull Market Strategy)Welcome again, it is my pleasure to have your attention.
We are going to be looking at Tezos vs Bitcoin (XTZBTC) from a different perspective today.
Let's start with the daily chart:
- The first thing to notice is that the chart is bullish. This is important because Bitcoin is right now hitting new lows with very bad technicals, while this and other Altcoins vs Bitcoin pairs we trade are starting to grow.
- We have a bullish chart with green volume increasing massively in the last few weeks (strong buying).
- We have higher lows since early May.
- We have a strong RSI and bullish MACD.
As you can see, XTZBTC is now bullish...
It can drop of course or change; the charts can always change...
But this is what we currently have.
Long-term we aim UP!
WARNING: If you see a strong flash crash hit all the Altcoins, remain calm... They will recover.
When Bitcoin does its final shakeout, everything will shake.
Right now is not the time to look for an exit or to sell.
Right now we look for opportunities to buy for the next bullish wave.
The selling time is long gone...
It is time to see back, watch, buy and wait.
Namaste.
Swap XTZ for ALGOXTZ was an early runner this cycle, but if you look at the price ratio between XTZ and ALGO, it's sitting at the perfect confluence of long term horizontal and downtrend resistance. Unlikely coincidence. I'm going to take advantage of the price disparity and swap my entire XTZ bag for ALGO. Let's see what happens.