XTZBTC
$XTZ, Over 40% since latest UCTS Buy signal on the 1D...$XTZ
Over 40% since latest UCTS Buy signal on the 1D (Signals active on 1D-6D TFs)
Currently crossing over resistance level at ~19k sats with increasing volume...
If flips/continuation happens, then aiming for 23k sats as target (20%)
#XTZ
Is Tezos $XTZBTC following the ETHBTC conception fractal ?This is an fractal overlay from the first bull phase in ETHBTC. Since everyone is comparing Tezos to Ethereum I though it was nice to check for resembling fractals. Lets see if this initial bull phase will lead us to the annotated target (~2000%).
TezosI will see it in the short term.
-XTZBTC-
It is breaking through again at 0.0001838.
Check if you can cross the short-term downtrend line.
If we can settle at 0.0001838, we expect to break above 0.00027920.
-XTZUSDT-
It is approaching the short-term uptrend line.
You should check if you can break the trendline and gain support.
If the upward trendline approaches resistance, it will fall to try again.
You shouldn't trade because you think it will fall to 1.206279.
If you support and then rise and fall again, you will break below the point you supported.
TezosI will see it in the short term.
- XTZBTC -
A break through the 0.00015867 point, followed by support at the 0.00015867 point.
Ichimoku's baseline is acting as a resistance.
If the XTZ is able to rise above Ichimoku's baseline and then sideways to absorb the sell-off, it is likely to rise to challenge 0.00043490.
Rather than going sideways, if it rises immediately, it could be pushed down by selling as before.
If it falls, it should be supported at 0.00015867. Otherwise, there is a possibility of touching 20MA.
- XTZUSDT -
Not able to penetrate 1.310010.
Must be supported by 1.206279 (closed candle per day)
Otherwise, there is a possibility of touching 1.100930.
The flow of XTZ is not bad.
You'll get a chance when the price falls below 1.100930 and rises.
XTZ Tezos future pathI find Tezos to be one of the most bullish coins out there in the digital realm. The fundamentals are strong, the technicals are strong and Tezos is very close to a breakout.
Tezos needs to settle above $1.40 and then it can push to $1.80. 1.80 has been a level of strong resistance and if Tezos can close above 1.80 then I thin kit will go to $3.20.
Further areas of resistance are 4.80, 6.15, 7.50, 9.50 and 12.00.
Support levels to watch are 1.20, 1.15 1.08 and 0.92.
I could see 2020's high to be in the 3.20 to 5.00 range which would still only put Tezos' marketcap around $2-3.3 billion, still below the current top 6-8 coins.
Look for Tezos' ongoing litigation to be resolved favorably for Tezos. This would eliminate a large cloud of uncertainty that has been hanging over this coin for about two years.
I will be curious to see what impact security tokens originating on Tezos have on the coin next year.
I have used the hitbtc chart for its longevity. I usually use coinbase for smaller time frame charting or kraken for longer time frame.
TezosI will see it in the short term.
Added XTZBTC chart.
You should check your support this week at 0.00015867.
You should check if you can ascend to challenge the 1.310010 with the support of 20MA.
You should also check if you can break the weak uptrend line.
If it falls without the support of 20MA, it's possible to touch 1.100930.
Tezos
A downward trend line exists and we need to check whether we can get out of this trend line.
There is a high volume of trading between 0.00010402 and 0.00015867, and we expect over 100MA to be determined by how it can be ejected.
It is supported by 20MA.
The price fell below the 1.310010 level without support, but is likely to rise again since the 1.310010 level.
As stated in the previous chart, 1.649960 is the primary target.
The second target point is 500MA.
------------
XTZ expects to see more gains next year with the coin it was looking for next year's profits.
Tezos = 2$The most successful ICO in 2017 232 million $ - 2 weeks
+ advantage
1.Self-amendment system
2.At the heart of Delegated Proof of Stake
3.Formal verification for smart contracts
4.Large community
- disadvantage
1.On-chain governance
2Little different from ETH
3. Not fast transactions
NEWS
www.coindesk.com
beincrypto.com
Tezos Is Getting Stronger | Now Above EMA200 | Next Target!Tezos (XTZBTC) is active, bullish and becoming stronger by the day.
Recently, the XTZBTC chart printed two really big volume bars to break above EMA200, a very strong resistance level.
The last time Tezos conquered EMA200, additional growth followed, a similar scenario can happen today.
Now that XTZBTC is above EMA200, it can very likely continue to grow.
Take a look at our last trade for Tezos, it is already at 40%+ of profits, see it below:
More charts can be found on the "RELATED IDEAS" above the comments section.
Namaste.
Tezos (XTZ): More Important Than You ThinkIn the alt-universe, we looked at both Tezos (XTZ) and Cosmos (ATOM). In both cases, these alts were in the green for the day. We suppose that it is good for those alts, but there may be a catch. They seem to be the only significant coins in the green today. That may mean people are getting out of the rest of the market and hiding in these coins.
Looking at Tezos in particular, $1.33 seems like the top of a significant pennant consolidation formation. If XTZ breaks through that point, much higher prices are possible. That said, the decline in the overall market is not making us want to buy anything on strength.
Bottom Line: There is too much risk that this morning's decline is a repeat of 2018. There is also a risk that the current drop is the mirror opposite of the crypto rally that unfolded near Thanksgiving of 2017. In 2017, the crypto market melted up near Thanksgiving. In the current case, there is a risk of a Thanksgiving decline. Markets love symmetry, and we are not getting in the way if a big down move is starting. Par back positions in alts and take profits where you have them.
Tezos: EQ Pattern Tightening on XTZ/USD PairXTZ/USD has been in a tightening EQ pattern for weeks after a large bullish move forming a large Bull Flag. We can anticipate a break of this EQ pattern in a short to a medium-term timeframe.
One indication that leads me to believe this pattern will break to the upside is the current price action on the XTZ/BTC pair. This trading pair was recently in a similar EQ Bull Flag pattern that has broken out to the upside and is now setting higher highs on the 4-hour timeframe. This leads me to believe there is strength in the demand for XTZ relative to BTC and it's current bearish trend.
Ultimately, BTC is the king asset in the market. Any major sell-offs or price pumps will influence the entire Altcoin market - including XTZ.
Trading is a game of probabilities and positioning. Always be in a position to take advantage of any probabilistic outcome.
$XTZ, Pushing over ~14k sats resistance level$XTZ
Pushing over ~14k sats resistance level (volume decreasing tho..)
Waiting to see if it flips current level into support for a potential entry (with tight SL due to volume)
EMA50 & 200 curving up (potential golden cross on upcoming days
UCTS Buy signal active on the 1D
#XTZ
XTZ/BTCKeep it Simple!
Looking at XTZ on the weekly, we can see it has made a strong hold in the green box at a very important support level - 9000 Sats range. Not only this but XTZ has formed a higher low pattern, suggesting the level is respected, and with the rising volume a new higher low has been held. The allowed for those who followed this trade to hit their first and even second profit target.
What we want to see for XTZ is to form a new high, above the 16000 Sat's range. This will confirm a change in momentum and allow for the higher profit targets (orange boxes) to be hit.
I suggest to take around 10-20% of you trade at each profit target. One the third profit target is hit, move your stop loss to where your first profit target originally was.
What a large pennant...Interesting to see what happens here. I believe BTC is about to pump hard potentially, so a huge red candle here could make sense. I typically plan for short trade on pennants. If you are interested in sborting this to accumulate more bitcoin you can do that here www.delta.exchange my recommendation will save you 10% extra off fees combine that with their 50% fee rebate as credit and ultra maximize your gains on this. This could be about to break up as well just have stop market set if you sbort now for sure. This is a flash mover the gains and loss can be extreme. This is a speculative trade there is alot of room left to pump above... I just see it dumping real fast to next lower support before doing so. I hope it does so I can accumulate a whole lot more BTC i can use to build a bigger LONG on Tezos using leverage respectively.
XTZ to show bullish Wyckoff and Elliott Wave Structures
Hi everyone and welcome to my analysis.
It is once again hype time for many alts and Bitcoin is volatile and thankfully this time a lot of cryptos show finishing accumulation signs.
As a start, we can look at XTZUSD to see the beautiful Primary wave I of a larger bullish trend. Alternately, this might be an ABC bullish reaction to the initial downtrend created by XTZ until early 2019. Regardless, the trajectory is upward.
In the chart above, you can see the ABC pullback from the 5 wave bullish structure (which might be a wave II or B of an ABC). Now for those who like the extra fine details in EW analysis, this mostly looks likes an WXY double 3. So we have a smaller ABC in the marked W, and X and Y. But in my analysis EW just plays a guiding role in understanding the overall market structure. The point is, you need to see a 3 legged correction that doesn't give back all of the gains. The detailed count does not matter as much, when our trading strategy is defined by the Wyckoff method and not EW.
So off to our possible re-accumulation then. We can see the selling climax of wave A falling beautifully at 0.236 Fib level, which is a common pullback level for wave II in EW. Interestingly, the automatic reaction off the selling climax also falls at the 0.618 of the larger bullish trend, which again gives some weight to the analysis.
The structure of a trading range usually beings with a stopping action, where due to extra high demand, or extra high supple, the big market players (the composite operator - the CO) would take on a contrarian attitude (phase A). As a result an automatic reaction and a test of the low/high is formed.
After the shares change hands, (phase B), a last point of fear or capitulation occurs, when people loose their hopes of the market going up ever (this is similar to Elliott's description of wave II sentiment). Again since the majority is selling at this point, we have CO buying (phase C), which creates a stopping action, absorbs the last of the supply, and creates the final bullish push out of the trading range (phase D)
Also, in (re)accumulations, we typically see a diminishing supply up until the phase C capitulation.
So all of that in mind, one thing doesn't look right here:
We see that after our phase C shakeout, we follow the uptrend with a climactic action, with the largest supply in the range, that signal’s CO’s activity. So why is that so? Are we wrong? Is this a distribution?
Of course in the Wyckoff method we tend to focus more on “diagnosing” the market, rather than predicting it. If this current uptrend follows a UTAD formation, then we will shift our view to a bearish one.
For now, we need to look for other signs.
My hypothesis is that this is due to the hype of altcoins raising again. The market ALWAYS goes opposite to the majority’s expectation (which another way of saying the CO is contrarian). If all of us crypto traders are on a lookout for an upturn in alts, then with the positive signals that we see here, we all jump in to secure our part in the uptrend. What happens next? The CO sells it’s shares to profit from our available liquidity. (also CO here is similar to whales, the concept is the same, only Wyckoff studied them in stocks)
So to find better perspectives, we need to look at the BTC cross:
Let’s look at it from a EW and traditional charting perspective:
Given that we’re looking at correlating markets, we should see some type of similarity between the crosses.
One of our hypothesis was that this is a market with an WXY correction, waiting for wave Y to unfold. (or similarly, a wave ABC with C unfolding)
In the following screenshot, we can see a similar structure, with a count that makes sense for the narrative:
We see the wave A impulse type, a wave B rising triangle with a matching count, and wave C’s inception point.
We can also do the following count though:
Though here is when it gets interesting:
When we look at the market from a systematic Wyckoffian view, We can see the corrective pullback and selling climax similar to the USD cross. From this perspective, we see that we are still missing Phase C of our trading range. As we are going with a bullish view for now, we are looking for a pullback either to the 0.0013 area or the 0.00112 area. Before a sustainable uptrend to form.
This point, goes hand in hand with the observation that we had a buying climax in our USD pair, and validates the expectation for a pullback before bullish continuation
All in all folks, I believe a successful trader must refrain from predicting the market. Having an expectation or sentiment might be helpful, though it can easily introduce bias into our analysis and cause our updated view to follow too late after the market conditions switch. A great trader, is like a doctor. WE must know what signs in the market signal a specific behavior, and wait for confirmation to validate or reject the idea. So we shall wait for the market to create confirmation or rejection signals for us, and we will update this analysis here as the market unfolds.
If you folks enjoyed my analysis, and want to stay up to date with updates, don't forget to follow me.
If you have any suggestions and criticisms please let me know in the comments! we are here to empower each other to survive this market!
Shayan