XTZBTC trade ideas
ummm this is getting interesting $xtzSitting on the 50 day plus another test on the breakout. lets have some fireworks or we're in for bitcoin retk! Which who knows!? Looking bullish to me but this is right on its last leg down
Clean Short Entry on Tezos BINANCE:XTZBTC
The moment I've been waiting for! The longterm trendline has finally broken and now retesting.
Short Entry: 2927sats
Stop Loss: 3120sats
Targets are visible in the chart. This is strictly level to level trading. I'm taking this to hedge my BTC short, because if Bitcoin Dominance increases, alts will most likely fall.
Let's see how it pans out.
Happy trading fam!
lol $xtz looks insane rn This could be the big fake out, stop loss hunt before the pump! Happened once before
XTZBTC Long Term Trend Line| Structural Support| Stoch Cross Evening Trader’s,
Today’s Technical Analysis – XTZBTC- bouncing off from its trend line, an area of significance for the overall market structure
Points to consider,
- Macro trend line holding
- Structural support confluence
- Resistance test sell off
- RSI below 50
- Stochastics buy cross
- Volume below average
XTZBTC is respecting its macro trend line with an initial bounce that needs follow through. This area must hold as it is in confluence with structural support, a break will negate market structure.
The resistance test lead to an impulsive sell off, a correction to local resistance is highly probable
The RSI is below 50, not officially oversold whilst the stochastics has a buy cross at lower levels, indication of momentum shifting.
Volume has been below average for a while; a bull influx at a key technical level will show strength in price action. This is important as failure can run the risk of negating the whole market structure.
Overall, in my opinion, XTZBTC has a high probability of testing local resistance. A break above will confirm the respect of the longer term trend.
What are your thoughts?
Please leave a like and comment,
And remember,
“Trading mastery is a state of complete acceptance of probability, not a state of fight it.”
― Yvan Byeajee
Bounce at daily trendline - is 5000k in reach?XTZ had some good healty cooldowns after each run. Now bouncing at trendline at previous higher lows. Keeping the bullish momentum up. I sold from breaking trendline at minor 4 hour and buying back now. Can go for wave 5 for 5000-5500 sats, before cooldown again. Stoploss if breaking trendline at daily.
Peace
$xtz retest. Not much to say but WOW looking sexy AFthis may take a week to play out but damn thats one sexy looking retest of the breakout