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XTZBTC trade ideas

XTZ - waiting for a break and re-test 10% targetXTZBTC Still following XTZ after the last trade, I'm waiting for some volume to come in and push through these resistances. I'm looking at entering on the re-test of support/trend after confimation. My TP is conservative and short from the resistance trend. I'm taking what I can get at the moment and 10-13% fairs quite well. My TP is also at a possible supply box. and if you agree with the fibs this is also the 61.8%. BTC is GOD, and while the dominance appears to be falling, which is good for alts... it's also at a support level... and could increase at any moment. Cheers and play safe...
Long
by StayHungryStayFull
The Future Of TezosWow! This chart looks amazing! I do not know much about the fundamentals that surround this coin or the company, but the technical analysis look bullish if the support can hold. A quick look at the stats from coinmarketcap; This coin is ranked #14 with a circulating supply of 738,559,491 XTZ. Now for the technical analysis. The triangle that i have created based on previous support, and resistance looks almost like a symmetrical triangle forming a huge bullflag. I have the liquidity zones highlighted in green , and yellow. I use the color yellow for universal caution, and green is obvious. I have also used the FIB Retracement tools to locate a potential short term sell zone based on the 0.618 . That is the area I would like to see the price break above , and find support to confirm a real bullrun to new ATH. This is not trading advice, but only my humble opinions based on what I see.
by MrMoneyMatrix
2
XTZ.BTC (Y20.P3.E2).TA on the Macro StructureHi All, My thoughts on Tezos against BTC: > Price is below the 10 to 100 EMA on the Daily price action and these ema ribbons have confluence headed towards the current 0.5 or 0.382 Fib retracement level as per chart, which is equivalent to the red min line of the Fan pattern, which at times can be a reversal pattern or bullish pattern. > Note the points of touches on the chart structure, by the dark boxes. 2 touches to the top and potentially the 3rd touch to the bottom, completing the ABCDE formation. > Note that we are in the 3 to 4 of the elliot impulse with a complex correction and the chart pretty much confirms this. I learnt recently that 3 to 4 is usually complex to strip of our gains with the 0 to 3 impulse which are usually clear trends. And just like BTC, we will end up going from 4 to 5 after this formation. > Both bottom indicators show that we are approaching the bottom reversal area. I'm looking for a cross over of the signals on the WT and if you note on the Phoeix, energy is moved above the 50% mark showing an emerging divergence. Daily with key pivot points and levels Daily with EMAs 12 HRLY chart: No bullish candles yet Please give me a tick or a like for this post. Regards, S.Sari Moving off the Tezos topic, check out the monthly close now and how bullish it still remains for the long term.
Long
by ssari
1
Tezos is cheapXTZ/BTC has been consolidating in this symmetrical triangle since February. If you're fundamentally bullish on this coin, and who isn't, you might be looking for buying opportunities. Bitcoin looks like she's about to go running, which has made alts skittish. But such drops in alts, especially liquid ones, often play into the bigger picture even when they're triggered by external or random factors. The March selloff, for example, gave Tezos a roughly 50% correction of the screaming upmove it had been making, taking it to rest right on previous resistance now turned support. The move down yesterday took price into resistance-turned-support from over a year ago. This coincides with the 200-day Simple Moving Average. The "real" MAs on charts such as Huobi's with more history are in more or less the same place. So could it bounce here? Possibly. But stronger support, the 200-day Exponential Moving Average, and the lower triangle trendline, are a bit lower, and that's where I'm looking for a higher probability long. Then hopefully a break of the upper triangle line, the resistance at the top of this range, and blue skies above.
Long
by SimpleCryptoLife
4