XTZUSDT trade ideas
ETH's "Merge" Coming Sep 19th - The Good, The Bad, The UglySo if you've been paying attention to crypto stuff for a while, you probably heard that Ethereum's big "merge" is coming on Sep 19th. They've been talking about it for a while but there's now at least a definite date. (And they're pretty good at making deadlines once they commit to a date, to be fair.)
The switch from proof-of-work to proof-of-stake should be an improvement to most things for the most part, but there's a few things people should know:
- The coin is set to become a deflationary asset, out-scarcity-tizing (is that a word?) the coin it's trying to beat, Bitcoin. This should, in theory, be good for current ETH/ETH2 holders but even according to the team this is something that'll happen over time, not right away. (I think this argument is a strategic one, personally - more explanations later.)
- The merge won't solve ETH's scaling problems - the "sharding" improvements are planned to come later, the earliest mid-2023. The idea was for ETH to "burn" its existing supply in order to keep gas fees down but we don't know if this is going to work in practice.
- The merge will effectively put all ETH miners out of a job, and many of them will forced to move over into other chains since mining will no longer be profitable on ETH2 as the "difficulty bomb" sets in. If you've noticed ETC going up a lot recently, keep in mind that that project has already been hacked 3+ times at the protocol level and can't be considered legitimate. (The fact that it somehow stays alive is still bizarre to me tbh.)
I've been with ETH since 2014 so I've seen a lot of changes happen within the ecosystem over the years - but the community has definitely changed a lot since the NFT craze of last year - with more money comes more attention, and with that, more noise as well. Since there's not much happening on the chain these days most talks online has become more about beating Bitcoin rather than about product/technical achievements.
Mid-term, I think ETH will do well financially since that seems to be its primary focus right now. All those big names that got in earlier this year probably are gonna do whatever it takes to make that happen. It's the development and cultural sides long-term that has me concerned since I feel like the more the BTC and ETH folks argue with each other they more they start to sound alike.
I made a big leap from ETH to Tezos this year, after doing a lot of research on my end. Folks probably remember me shilling for Ethereum for a long time so the decision wasn't easy, but I felt it was necessary, at least for the things I'm interested in.
- Tezos has been proof-of-stake since the very beginning of its launch and it has had time to refine its processes. Technologically, the Tezos stacks is far superior right now and ETH is going to have trouble keeping up, imo.)
- The high gas fees basically made a lot of apps built on top of ETH useless and many devs/artists have already fled the scene. I'm skeptical if they're going to come back, even if they manage to fix the issues on the back end. Loss of trust doesn't come back easy. XTZ saw a big leap in chain activity last month while most other chains were still on the decline.
- I think that the decision to not give ETH2 stakers a definite date of when they can withdraw their funds (probably the most annoying thing about the project right now especially since you literally can't do anything with ETH2 tokens atm) is probably unhealthy. This holding pattern allows for the project to manipulate economic outcomes artificially (acting as a quasi-government) at the cost of market legibility - which could make the asset more unpredictable long-term.
- ETH still doesn't have on-chain governance and as far as I'm aware, has no plans to. You're basically trusting that the projects on top of it are doing things in good faith. Tezos, on the other hand, has voting and governance mechanisms baked in. (This is probably the biggest divergence between the two projects right now, imo.)
- With Tezos I can get reliable staking rewards without having to have it locked up for an indefinite period of time, which seems like a much more reasonable deal to me, honestly. And I can actually use the coins for buying things
I got caught up in things too, trust me - but as the world heads into a global recession (possibly a depression), everyone's probably going to have to tighten up what and where their money is going. The most obvious thing right now is interest rates - which proof-of-stake coins are well-positioned to take advantage of since the banks are still dragging their feet in regards to what it's offering to people in savings.
Bitcoin is probably screwed, ETH is a (?), Tezos and other high-quality chains will probably do well. That's my hunch, anyway. I don't expect everyone to agree, but this is what my gut is telling me right now.
XTZUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target zone: 1.8 - 2
after first target reached move ur stop to breakeven
Stop: ~1.2 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
XTZUSDTHello my dear friends
In the time frame of 30 minutes, a compact movement has been formed. The Ichi Moko indicator has a negative lag! The price trend has reached an important range and it seems that with this momentum, breaking the downward channel from here is not very possible.
If the price moves below the $1.65 range, it is likely to react by reaching the blue range.
But the yellow range ($1,464) is more important in my opinion! Of course, part of the range's validity depends on the momentum of the corrective movement.
It should be seen that the price will come out of compression from the bottom side or the long-term downward channel will break upwards!!!
XTZUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 2 - 2.2 - 2.4
after first target reached move ur stop to breakeven
Stop: ~1.35 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Tezos Trade Signal (165% Potential Profits)Below I share the numbers for XTZUSDT (Tezos).
Set it and forget it.
Remember to let it play once you have your position.
----
ENTRY: $1.35 - $1.65
TP1: $1.85
TP2: $2.10
TP3: $2.31
TP4: $2.62
TP5: $3.00
TP6: $3.50
TP7: $4.10
STOP: Close weekly below $1.20
----
This is not financial advice.
Thanks for the continued support.
Namaste.
Do you consider this chart bullish?Triangles are continuation patterns but ascending triangles acts very very often as reversal patterns. I've been eyen XTZ for days now but considering on how the daily it's shaping up I'm not sure I should long this so I'm waiting. Even because BTC is losing momentum and this relief really might be over as well.
I bumped in many other patterns similar to this such as SAND
and ENJ
but at lower timeframes which might have effects on the daily (4h) they all have RSI in oversold zone so I'm very undecided. I think I'd pick ENJ if I had to choose one right now. In general SAND and ENJ present a rise in volume at the the possible breakout while XTZ misses that.
This is a genuine question, what do you think people?
XTZ Could Get a Little Bullish Momentum - Cryptoz18❶ Warning
Operations in the Blockchain or FX market represent a high risk. Cryptoz18 is a content creator who posts his ideas for viewers however he never provides an investment recommendation. I recommend to the reader a good risk management and knowledge regarding the environment. Thank you very much.
❷ Tutorials
➤ Here you can find a brief explanation of how the operations work in case you are interested in following them.
➤ Here you can find an explanation of how to track our ideas:
✔️ Our operations are taken with StopLoss and Take Profit of 15 minutes. However, we are looking to try and catch a 4H trend. So, once we touch the TPM according to your own analysis you should consider whether to close the trade or move StopLoss to entry.
❸ Operational Information
• Entry price: 1.577
• StopLoss: 1.609 (Loss 1.97%)
• TakeProfit Minimum: 1.546 (Win 2.01%)
• Recommended margin: 5% of the Futures account
• Recommended leverage: 1x.
• Temporality: 15Min - 4H
XTZ / USDT Main trend (part). Channel.On the graph, we see a large wide channel with a step of more than 300%. The price is in its lower price zone.
It is also worth noting that a potential fractal may form. It is easily visible on the graph. More precisely, part of it, the other part has not yet been formed, the rise in price to the upper border of the channel implements its formation.
Notice how similar "reset 13" 2020 and "reset 19" 2021 are similar. It is short for that and short, that it is "short" in time and sick to inexperienced and insatiable market participants. For someone a pain, for you an opportunity.
The price rises for a long time, but quickly falls vertically. Always protect your profits and don't expect super targets, work with the trend. Compound%. Have restraint, curb your greed. If you are not sure, watch from the sidelines until you are confident in the more likely price movement from which you can benefit.
local work
Symmetrical local triangle with a base of 53%. Volatility has decreased to a minimum, the price is squeezed into the corner of the triangle and into the breakout zone of the local downtrend (red). All the logic and potential of the work is shown in the graph.
Tezos Trade Signal (85% After This Resistance Is Taken Out...)I remember Tezos token sale (ICO)...
This altcoin project is still here with us.
All the signals are written on the chart.
Support/stop-loss can be found at $1.28, short-term.
Followed by $1.19 as main support.
Any trading above these levels and we consider this chart bullish.
Namaste.
Full trade signal | Tezos Trade Signal (165% Potential Profits)
🔥 XTZ Bear-Flag Nearly Breaking Out: Short OpportunityEver since capitulating late June, XTZ has been trading inside a bear-flag pattern. In the previous bear-flag XTZ fell around 50%, interested to see where this break out will take us.
Target placed at the capitulation low. Wait for a confirmed break out before initiating a trade.
XtzUsdt-short🚨 Scalpe
#XtzUsdt
Short(5X-20X)
EN
1.72
SL
1.8
TP
1.657
1.637
1.620
1.611
In scalp signals, pay attention to the following points:
1. Only the final profit is left, and you can exit depending on your greed (our suggestion is to withdraw two-thirds of the position at +20% profit, and keep the rest for the final target, observing the entry point loss limit)
2. The overall result should always be positive and that's it
3. We act based on our own trading strategy
4. The final review and responsibility of transactions is with you. We only guide
5. Trading leverage between 5-20 depending on your greed and greed, but our suggestion is to enter only 5% of your Volt futures in each position (that is, 5 dollars for every 100 dollars)
Use fixed leverage in futures trading to have a fixed R/R amount (our suggestion for each position: 5% volt futures with 10 leverage)
XTZUSDT Attemtping to break the 1D MA50*** ***
For this particular analysis on TEZOS we are using the XTZUSDT symbol on the Phemex exchange.
*** ***
The idea is on the 1D time-frame where Tezos is shown trading within a Channel Down on the log scale. It has been trading below the 1D MA50 (blue trend-line) since April 07 with only one very short exception (June 09/10). The Lower Low of June 18 initiated a rebound that has now yet again made contact with the 1D MA50. On a side note, that was our (achieved) target on our last Tezos trade in May:
We've seen that even a break doesn't constitute a bullish signal. Also the bullish divergence on the 1D RSI (Higher Lows) has failed in the past. We may see a 1D MA100 (green trend-line) test if the MA50 breaks but still, the best buy (on the long-term) can be made if the price breaks above the 1D MA200 (orange trend-line).
See how the Fibonacci levels have acted as Support/ Resistance levels since the October 2021 High. A 1D MA50 rejection targets the -0.236 extension (0.9368) while on the other hand a 1D MA200 break, sets in motion the filling of the retracement levels.
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------