XTZBTC trade ideas
XTZ/BTC at weak resistanceTezos has bounced off of a weak support twice now - if we can break above, i'm bullish.
In the past XTZ has followed LINK, which we just saw rally over 60%. As well with dominance dropping, a break does seem like the better option.
Break above 3300, is bullish
close below 3100, i'll be feeling bearish
Tezos supercharged?Last time Tezos had this divergence it made a strong impulse to the upside. First I want to see the 200 MA reclaimed!
*DISCLAIMER* I'm new to chart analysis since November 2019 and this idea is only for the purpose of sharing ideas -> NOT investment advice,
therefore any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^
On DemandXTZ on uptrend structure. With a resistant level being broken (engulf), now we can look for continuation on this Coin. Long order should be made on Demand zone (source of engulf).
XTZBTC Attempting to BreakoutTezos trying to join the altcoin party as the crypto run rotates into the larger cap projects.
RSI trending up, volume picking up.
I could see this getting hot and touching an ATH.
$XTZ LongLooking like $XTZ breaking out, after $link's explosive rise i wouldn't be surprised to see $XTZ follow
Large Scale Double Three Correction IdeaLooking very much like a classic complex correction pattern. You can either see it as double three or triple three, but I bias to simplify it as a double. The final ending could break down the triangle to form a zig zag too, which would be more short term bearish. However, I believe that does not change the outcome of the final wave up.
See below link for a double three example of USD/JPY - very similar pattern
ewminteractive.com
xtzbtc 7.12.20Mercury retrograde is very interesting when looking at Tezos. I do believe the planetary cycles do show some correlation in the charts. correlation is not causation.
There is more to this world than we can even fathom. anyway....Tezos is compressing and looking to move against Bitcoin. You guys know when Tezos decides to move it goes HAM. These moves can be violent and will completely destroy any bears in its path
Tezos Vs. BitcoinI was asked to look at the XTZ/BTC pair...
Overall, I would say this formation has a Bullish lean. There is clearly a tightening symmetrical triangle on the 3-day chart. The price action has remained above the 200-day moving average since it broke below earlier this year. Now the price has broken above the 50-day moving average, is holding above, and continues to generate momentum upwards. I would watch the 50-day moving average closely. If that average is broken, it will be time to reassess.
However, I will point out that I have seen triangle formations like this break out to the downside. You have to notice that there have been a series of higher lows as upper resistance on the symmetrical triangle*. If BTC buyers flood the market and BTC becomes majorly bullish breaking out of its long term triangle, it may be the asset you want to be in.
The RSI also looks to break above an upper line of resistance. It could break above to set up new support, or it could get rejected by the resistance. I'd keep an eye there as well.
I would like to be properly positioned in both trades, personally. If we're in a new Alt season, you definitely do not want to miss that trade. Trust me.
As always, calculate the odds, set your stops, & DYOR.
*Doesn't necessarily mean it's a bearish set-up
Tezos $XTZ - Swing Trade / long-term investmentElliott wave analysis and oscillators @1D and 3D TF indicate that Tezos $XTZ is a good investment right now!
SwingTrade XTZ-BTC:
entry: 0.00002650-0.00002685;
TP1@0.00003098;
TP2@0.00003449 with 3% TTP
TP3 >> 0.00004000
no stop loss recommended for this crypto -> accumulate it and hodl/stake it for long-term!
I´m not a financial adviser. For educational purpose only!
XTZUSD - Another good pump candidate?Could be another good pump candidate. Bounced off weekly resistance and trending upwards atm.
Keep in mind that this is high-cap alt (i.e harder to pump) and retrace is still possible, but R:R is 2:1 atm.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Time For TEZOS Marines To Step Up! XTZ / BTC Trade IdeaTezos has been struggling to break from a big falling wedge and now seems the right time to follow the price action.
TEZOS - high market coin, short term few %%profitsRSI and MACD DEMA looks good
i put some money on it..2000$
XTZ/ BTC - a bit risky longAn instrument with short history so no real expectations here beyond movement in a channel in the foreseeble future.
Reasons to go long:
1. Broke descending trendline
2. Still within lower range of channel.
3. Daily broke MA and is above, needs to hold though.
3. Wave theory suggests completed abc correction and new impulse up.
4. Alt season began?
XTZBTC 55% potential profitXTZBTC is now approaching support level of 2415-2450 satoshis.
This is a strong support level and we can expect a bounce back from this level.
Entry: 2415-2450 satoshi
Target 1: 2895 satoshi (around 18% profit)
Target 2: 3162 satoshi (around 29% profit)
Target 3: 3769 satoshi (around 55% profit)
If support is not hold, stop loss can be set below the support zone.
