XTZBTC trade ideas
XTZ / BTC XTZ like to move up and down. If you draw support and resistance lines or use the blue trend line. You can buy and sell near top and bottom to lock in nice profits. No point holding up and down. Many big Twitter accounts posting that weak hands selling out and try to make you #HODEL. Not fall for all that crap imo. Buying the dip ? HA HA ! Not make me laughe. 90% are all in already. Not believe everything you read and see on CT. The big accounts use that to their avantage to dump on you.
It's hard to predict anything right now imo. We have to see what BTC does and keep a close eye on the BTC dominance. If the dominance goes down it's good for altcoins. And if not you know what to do.
This is not a financial advice just my idea.
Thanks ,)
XTZBTC reclaims long term trendlineTezos reclaimed a long term trendline against BTC after finding strong support at 30k sats. A really nice bounce off the 50RSI as well, something we've seen alts do before continuing back up. A close near 40k sats would put us on track for a significant leg up. As the triangle is closing the move could come sooner rather than later.
xtz/btc bullish gartleyXTZ is one of the coins that require advanced TA...gotta say it's never straightforward but fascinating.
The recent pull down may look like a crash but upon close look it's found perfect support of at the pivotal point of confluence around 0.000297btc.
This level, I believe, defines bear/bull trend. The reason is
1) 6 hour TD sequential 9 on Jul 26th provided this last point of support, breaking this we saw intense sell off which took more than 1 week of Wyckoff accumulation pattern to get out. I have published that idea back then.
2) If we draw the uptrend line colored black, this is the where the price action falls right to.
I must say this intense sell off of XTZ was not expected from me, but at least it did find support here (temporarily and contingent on BTC not acting up). If we do not dump further, then we can identify a bullish Gartley pattern which is a powerful pattern promising of future upside.
FIMATHE XTZBTC LONG MACRO ANALYSISIn that analysis, I will use Fimathe that provides a whole new way to see the market trends and "predict" futures supports and resistances.
I quoted "predict" in view of the fact that we can never be a hundred percent sure of the market's future although we may have a good idea to where it goes.
If the price cross up the RC(Reference Channel) resistance, the main long trend is confirmed and tend to reach the next projections(Projections are made from the 100%(Green Lines) and 50%(Purple Lines) levels of the main channel) willing to reach at least one expansion before consolidates and uncertainty takes the market again.
If the price goes all the way down to the NZ(Neutral Zone) support and crosses down, the main trend turns bearish and tends to the 50% level of the expansion.
You must eliminate the risk, putting your stop in break-even when the price crosses up the Yellow Line. This information is calculated from the expansion of a channel subcycle. It's deeper content, so I'm going to write an article about it and post here.
XTZBTC Time to offload Tezos?XTZBTC is printing the same top formation almost that it did in July 16/17. That was after a Golden Cross on the 4H chart. See how the current MACD and RSI patterns are identical and are on their top formations.
Time to offload XTZ and buy much lower? What do you think?
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Most recent XTZ idea:
UPDATE: XTZBTC now 53% from our entry. All targets filledXTZBTC Has now hit our 3rd target and 53% profit is booked. Hope you guys enjoyed.
XTZBTC still is promising and can head easily to new all time highs.
If any big candlestick close above the red zone we are further bullish for XTZBTC.
For now, enjoy with good profit
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