XTZBTC trade ideas
XTZ / BTC by Rocket Bomb 🚀💣Hi, guys! Alts vs BTC didn't grow so long time. Now I'm looking for some, that stay in real bottom to catch some profits)
XTZ / BTC looks like breakout the down trend line.
I would like to pay your attention to some of the cryptocurrencies that have been forming a falling wedge for several months.
Because the two levels are not parallel it’s considered a terminal pattern. This implies that it must eventually come to an end.
MY ADVICE to You , my dear💋
The price may not fall so low, that's why I always recommend splitting buy orders!!!Buy little now for don't miss entry point.If it goes lower, then you average the buying price - it will be great anyway!
Tell me, do you trade Alts vs BTC?
how are your results?
I try to be useful to You🧡
Always sincerely with You😊
Your Rocket Bomb🚀💣
XTZ / BTC about to start correctionIt has cleared the descending resistance line on the 4 hr chart. On the 1d chart we have the MA acting as immediate resistance but if cleared, then we could expect an easy 60% move from here.
Factors influencing:
1. Stock market hangs weak and if it goes down, it may drag BTC down
2. If BTC goes down as it did without altcoins bleeding much, XTZ could go up (money transfer from BTC to altcoins) OR
3. Stock market goes down, BTC goes down and altcoins go down along them.
Of course, BTC defended the 33k zone but it just could go for a corrective B wave before a major C wave down.
All in all, no clear sign of direction but technically, should XTZ clear the 1d MA, then it has a better chance of bouncing up.
Possible long XTX opportunity maturingclosing above .0000775 could indicate a continuation of an upward move.
The trend in the backdrop is that when BTC does not keep making ATHs, notable alts continue to gain.
.000075 to open long with .000065 as stop loss and .000093 take-profit seems a first good move, expect further movements in the fib levels.
Bold green indicates descending support line
Dashed green indicates a possible ascending support line that needs further validation
XTZTook XTZ / BTC into log scale & added more time and we can see what the future holds.
1 thing is for certain BTC will most likely continue to climb into 2021 and any dips & pull back will not be a bear market.
So we can assume that we r in a full blown bull market now since May 2020 IMO.
The question is where does BTC top. Most analysis I respect point to a top around $190k.
So If history repeats itself we should see XTZ (And all Altcoins) follow a similar path, that path is 18 months from bottom of the range until top of the range.
I have outlined the top of the range with different price targets I strongly believe we will have 6 months over 2021 where BTC will continue to push higher until finally peak is reach sometime this year, If that peak is reach B4 summer than we have our alt coin targets if that peak is reach by end of 2021 then our alt coin targets will be much higher ;).
So the idea is that soon BTC .D will push higher and keep alts under pressure, maybe even 81% BTC .D this will bring the peak in BTC price.
Then Dominance will have small & large corrections in the bull market. This will allow alts to play catch up.
So any and all dips for the next year are strictly for buying and no selling your alt coins until sub 40% BTC .D is not allowed by anyone following my analysis or the gods of crypto will fomo you back in at higher prices all year.
$XTZ Buy! People Accumulating This weekly chart shows that Tezos is a good buy and people have been accumulating at these levels
Here are the reasons why I like what I see here
16th November MFI hits a bottom target
Since the 7th Decmber 2020 RSI oversold
14th September Stochastic RSI flatlined in oversold
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Tezos XTZBTC Price at Demand zone | Bullish DivergencePrice made really good bounce from this zone after touching the demand zone
if able to make good bounce from the demand zone than we will buy the retest nearby the demand zone
Also big Bullish divergence forming on 4 hour chart which is also bullish
XTZ big move coming! XTZ price has been steadily moving while btc xtz pair has been moving down. Due to sudden spike in BTC, holders are moving out of xtz into btc. This has landed xtz in the oversold zone by a good margin. When BTC begins to move back to xtz price will spike. MACD will make cross above center line within about week I believe signaling trend reversal. But the bottom would most likely be now.
what are your thoughts?
peace
XTZ BTC pair about to run. 2.50 -> 3.00 -> 3.50 usdlooking at the weekly xtz btc pair, price has touched the bottom twice and is leveling out. Moving average is leveling out, RSI is just touching the floor of being over-sold and volume has created higher low on the oscillator.
Signs point to a strong move upward within a week to a week and a half. This chart also validates an evaluation I did recently on XTZ USD pair I'll share below.
Again, be aware that if BTC has a strong correction that XTZ and others will most likely follow. I expect that XTZ would move up very sharply after this correction if not before.
There is money to be made, and greed is a relentless task master. So I think price will go up.
Friends do not trade with your gas money, buy gas with your gas money and trade with your cigarette money..
Peace