XTZBTC trade ideas
Tezos on the verge of a new bull run against BitcoinTezos is currently sitting at historical support against BTC. Historically, accumulation has been strong in this area, and fundamentally, everything is set for another bull run. R:R should be good in this area.
Regarding potential target: this is hard to say, as the altcoin / BTC markets highly depend on what Bitcoin is doing. But generally direction is up.
Tezos (XTZ) Update | 4H & Daily TimeframesHere is a quick update for Tezos (XTZBTC) since I know many people are following.
The first trade idea in this series, we mentioned the bullish potential.
The second trade idea, we mentioned that everything was good, we simply wait patiently for the chart setup to develop.
In today's trade idea, we can see prices moving above EMA50 on the 4H timeframe:
This is great news and supports our bullish bias.
On the daily (D) timeframe, we can see prices moving above EMA10 with bullish indicators.
This is also positive, but still too early, the volume is low, this signal still needs strength.
We call for more patience and we wait.
Thanks a lot for reading.
Namaste.
Tezos Is Good (XTZ), Patience Explained!Tezos (XTZBTC) is still trading within a higher low compared to late Feb.
The trading volume is very low, here is the daily chart, the bears are losing steam:
We are bullish, always here, as long as prices are trading above 0.00000562.
We wait patiently for the market to develop.
If prices move up, great, we collect profits and move on.
If prices drop, fine, we take the loss and move on.
Whatever happens, we learn each chance we get, we improve, we accept, we adapt and the next time we jump into any trade, we work to maximize profits and earn even more.
Many trades we win...
Some trades are lost.
Do not worry, if one opportunity is missed, the market always delivers tons more.
This is Alan Masters...
Thanks a lot for your support.
Namaste.
XTZ observations: updateThis chart is a repeat from my last post but I fixed the chart position so you can see the drawings better.
"xtz btc pair is what i'm paying attention to here. 1D chart shows clear signs of "I want to go up". This is merely an observation. From basic understanding of cycles and patterns the next steps for xtz would be a period of sideways movement followed by a period of growth. We seem to currently be in the sideways movement. I think its possible that there will be a little more drop perhaps back to the 3.20 - 3.35 area.. although this would not last long in my opinion. BTC dominance is shifting to altcoins and looking at the bullishness of the alt/ btc pair will give us signals of what coins will move as dominance shifts.
fyi, i'm not trained in this stuff..."
good luck,
XTZ To KISS the sky soon? KISS method XTZ has been beaten down against big brother Bitcoin for long enough, seen a nice bounce when RSI read oversold on the weekly. It has since retraced fully and looks oversold on the 4hr again so with some volume I expect to see a nice bounce soon.
Entry - 7,690 sats
PT 1- 10,000 sats
PT 2- 12,000 sats
As always, this is not financial advice.
I am poor and you will be too if you listen to me😉😉👍👍