XTZ/BTC longSeveral alt coins have been pumping lately and this looks like a possible pump will happen on XTZ/BTC.
XTZBTC trade ideas
XTZ/BTCAs you can see on the chart, clear breakout of descending line with confirmed bullish divergence on daily timeframe, which usually shows asset bottoms. Fibonacci levels indicate potential targets
XTZ has been beaten so hard since Aug. With the recent drop of BTC.D as well as ETH going wildly. It will be soon its day
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XTZ/BTC in the buy zoneXTZ is currenlty in the buy zone. Even though it could dip lower and hit the block in the 940 region, it still presents a great buy opportunity.
Once BTC settles, it will probably fly.
The best play here is to patiently wait for XTZ/BTC to enter on a break of 1260 and target the mid range at ~2400.
XTZ USD channel still holdingThis channel on the XTZUSD pair is still holding. For a larger move to happen in the near term, we need this area to hold. This could ratify this larger channel pattern and would send us higher.
While on the XTZ/BTC pair we can see where RSI has hit it's lower bound every time but 2 it has rebounded. I still think we are poised for a sharper move up in the near time with BTC and ETH being so bullish.
Cheers,
-Sherem
Almost a buyRetail was heavily dumped on. I believe correction is over and this is logical area for whales to re-accumulate and absorb liquidity. Retail has likely capitulated by now.
EVSTC indicator shows start of accumulation phase as well.
Target? Weekly EMA I guess, as indicated by the blue line.
✳️Tezos/BTC (28/10) #XTZ $XTZ #XTZBTCXTZ is at the bottom of the previous bullrun, which raised from 1500sts to 4000sts.
So there is definitely a significant buying force here, we can buy with low risk.
📈BUY- LONG Strategy
- Buy in the 1450-1500sts zone, stop loss if the 1D candle closes below this zone
📉SELL-SHORT Strategy
- Sell in the zone of 2200sts, stop loss if the 1D candle closes above this zone
- Sell in the 2400sts zone, stop loss if the 1D candle closes above this zone
♻️BACK-UP Plan
- Buy in the 1200-1300sts zone, stop loss if the 1D candle closes below this zone.
- Buy in the zone of 900-1000sts, stop loss if the 1D candle closes below this zone.
Expecting a minor relief rallyBullish divergence observed on the daily, still need confirmation candle. I am not expecting a trend change, but more of a relief rally to back test the consolidation and we will get a confirmation whether or not that's become a resistance.
XTZ Double Descending Wedge PatternThere are 2 descending wedges that have formed. A larger, longer term descending wedge that is nearing its end and a smaller descending wedge inside the large wedge. Either way we break out of the small wedge, the bears or bulls haven't really made any progress until the longer term wedge pattern has broken. A lot of uncertainty in the markets with what is happening the world. It may seem very bearish for alt-coins that they are doing so poorly against bitcoin right now but this is how the cycles work. The money will soon flow into the alt-coin space. Seeing as a descending wedge is typically a bullish pattern, I am long in the mid/long term.
Also note how little volume there has been in XTZ/BTC the past 4 weeks. Volume is an important consideration. It really proves the move is true. For bears, the low volume should be concerning. For bulls, this looks like a ripe setup to break the descending wedge bullish. A break of pattern by early November looks imminent.
Happy trading.
XTZBTCIf you see picture, you can see that higher probability is that XTZ will grow more fast than Bitcoin.
Let us see!!!
Good luck with your trade!!!
XTZ / BTC - evident divergences, at support, buy now?Technically we are support from both parallel channel and horizontal support from previous periods, divergences on the RSI, MACD on the daily TM, wave 5 completed and it just seems that it should fly soon.
BUT, if BTC keeps going up and the dominance cannabilizes the alts, then this would go down further. Best scenario would be for BTC to settle above the 12k level for couple of days , consolidate there, while money pours back into alts. Anyways, I would confidently buy some XTZ at this level and hope for the best.
XTZ/BTC entering support zoneIt is now clear that the long term ranging pattern was not accumulation but rather a distribution. Using Bitfinex chart because it has long price history to identify support and resistance.
XTZ/BTC is now coming to the first support zone looking to bounce from here. If bulls cannot defend this zone the price may fall another 30% from volume profile perspective, to find the price of control zone where trading interest is the highest.
XTZ/BTC Extremely oversoldRSI 15 on the 4 h, its just extremely oversold, bots are going to buy this.
, meanwhile XTZ USDT made a higher high. And probably a higher low incoming also.
XTZ Descending Wedge PatterXTZ/BTC is in a descending wedge pattern. This is a classic bullish pattern. Breakout could come sooner or later than the drawings on the chart. BINANCE:XTZBTC
Long XTZCurrently XTZ has bounced from support zone. Furthermore, we can see a bullish macd cross. This happened already 2 times the last couple of months and both times we saw a bounce of atleast 20%.
Buy zone 20k
Dca strategy until 19k
Easy 6:1 RR on Tezos vs BTCOne of the best setups I've seen in a while, a triple bottom. High probability of success here.
