Intro: My name is Hugo, I am 24 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only.
Welcome to my new Short Term Play series.
XTZ/BTC clearly shows a path of accumulation (people buying the coin) and distribution (people selling the coin/distributing profits to other coins).
Every accumulation period has a fake-out before acceleration to the upside as depicted on the chart with white circles.
Target is in the chart.
Goodluck,
Doctor Hugo
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Insert stoploss at XTZ/BTC Amount: 100% Sats stoploss level --> 0.00014735 Profit if stoploss hit --> 17% +/- from entry point