tezos is still stuck in a range. however i still see a ascending triangle. not really bullish but not really bearish. just filling a range . long term targets still in place and long term support hasnt failed. tezos is still doing fine. no need to worry . tezos isnt going anywhere but up in the long run.
both took a pounding the past few weeks and both are reacting very similiar. we need to break above 1.83 then confirm the break out. this also plays into the common fibonacci levels and will be the first true test that will let us know the direction of the next few months.
i plan on getting in here and i will place an order for this level. common pattern that usually breaks down and in this case id say it does unless some miracle happens.
the spot we are on is a bit of a scrubby support. with the panic and flight to cash it would make sense for traders to settle up somewhere on the next major support down. from here we can make another rounded bottom and continue to move on. i do not see any 100k anytime soon much less anything past a retest of 6400 s turned r.
is $1. however 70 cents might come into play if bitcoin does hit 1800. which would mean that i fill up a full roll to start baking this year. either way this is a win
tezos is hugging the line and was able to pull itself back above this and is testing it again. if this holds we will be in much better shape. long term thinking
bitcoin dominance looks ready to roll over. altcoins may have gotten destroyed but they are still showing impressive interest compared to bitcoin. i expect 50 percent dominance by eoy
to the monster swimming under the water. tezos is coming for top 5
xtz showing its impressive strength. this baby will be aspiring for king for years to come
will the bulls step in and draw the line in the sand here? it would make a lot of sense if we are actually starting to see the market turn around. it would be another backtest of the top of the channel. it would also be another higher low in the macro. if not well then the whole thing was a nasty trap that would be much like the one after our 20 k downturn which...
the xtzbtc chart really shows its strenght. however i dont believe many ppl look at that chart. xtz has made 100-200% gains after consolidating. best in the top ten.
this is definitely a bullish correction that we have going on here. i still see huge upside in coming months to the 5-6 dollar range as xtz continues to fight for the 2 billion market cap. xtz is known to take its time in its corrections and blast off as soon as you sell your positioin. i am a fan of xtz so do not take my advice as truth and i am no master of...
2 billion dollar market cap is a huge milestone and if it is captured it usually leads to a spectacular , parabolic bull market that can propel the asset to record breaking ath. i would don my space gear if this level is dominated in the following weeks.