XTZBTC trade ideas
Tezos next cycle's golden opportunity?There are many similarities between 2019's Tezos and 2015's Ethereum:
- their relative market cap with respect to BTC and crypto in general is approximately equal.
- they both were maybe the flagship ICO of their time.
- as far as I can recall, the sentiment regarding the projects is about the same.
- fundamentally, the projects are strong and seem to 'deserve' a higher market cap, but for ETH that did not come to fruition before the entire market started moving.
- going off this projection, the projects could be approximately in the same phase of a cycle, comparing it with BTC's cycle. ETH started gain lots of ground a year after BTC bottomed.
This leads me to believe that Tezos could see a blistering run when the market starts to heat up more and alts rise from their depression phase.
As we have experienced often enough, the altcoins market cycle lags the bitcoin cycle somewhat.
This is a long-term trade with many possible bumps in the road. Making projections like these helps keeping focus on fundamentals and the long term in general.
Grab a bag and tuck it away somewhere safely for an added 7-10% annually and come back in a year or 2.
Happy HODLing
Xtz not too much resistance till 20000With all the good news and bullish divergence, 20000 seems a plausible target for Tezos in the short term.
Bought Tezos here 50% gain first target, 135% to old resistanceBuying here on support, volume supports this idea.
XTZ tradeTaking profits from ZEC to allow for pull back and putting them into XTZ bounce. XTZ seems to be more vulnerable to BTC movements than ZEC.
Tezos for sale (50% off!)Chart is recommended for people that like Tezos as a long term investment
1) Buy box
2) PT1 bold line
3) PT2 line on the top
4) Hold the rest
It's similar to my WAVES chart, linking it below
XTCBTC a completion of gartley|upto 84% profit possibilityThe price action has completed the formation of gartley pattern and now from here it will take a bounce from 50MA and hit the sell targets soon insha Allah.
The targets are:
Buy between: 0.00016526 to 0.00013434
Sell between: 0.00018968 to 0.00024820
Regards,
Atif Akbar (moon333)
XTZ/BTC symmetrical triangle pattern Good afternoon ladies and gentlemen
Another symmetrical triangle play i've been looking into is the XTZ/BTC pairing.
This could break either way, currently looking for an increase in volume to the upside and break of triangle to confirm change of trend.
Typically, target range is measured from the initiating high and low in the pattern which gives us an upside potential of 22% upon breakout.
I will not be entering this trade to the downside and am looking for long entry only once it presents itself.
Cheers!
Fray
Hope or rope S3E11Welcome back to Louis making another (probably awful) guess. This is where I'd like to reenter, pls let me have it.
Tezos (XTZ) resting on support. Ready to Move??Tezos is sitting at some pretty solid support around the .00016 level. Watching this one closely for a potential bounce from these levels. A break below .00015-.000155 would be significant breakdown in this chart. Some potential target areas are .00019 and .00024.
XTZ / BTC - Bounce & Buy Zone Approaching?XTZ BTC almost reaching potential bounce target. Could be a good buy here if that lower channel of a potential ascending triangle holds. I wonder if it is also a potential inverse head & shoulder pattern forming.
XTZ ThoughtsSo far has held quite resiliently to BTC's rise compared to the rest of the altcoin market.
For me to remain bullish, I'd like to see the price hold above/inside green box, targeting R1.
Cup and Handle XTZ has been in a strong uptrend and is now printing a cup and handle...the handle could extend longer but I am bullish until a break of the uptrend...
