Welcome again, it is my pleasure to have your attention.
We are going to be looking at Tezos vs Bitcoin (XTZBTC) from a different perspective today.
Let's start with the daily chart:
- The first thing to notice is that the chart is bullish. This is important because Bitcoin is right now hitting new lows with very bad technicals, while this and other Altcoins vs Bitcoin pairs we trade are starting to grow.
- We have a bullish chart with green volume increasing massively in the last few weeks (strong buying).
- We have higher lows since early May.
- We have a strong RSI and bullish MACD.
As you can see, XTZBTC is now bullish... It can drop of course or change; the charts can always change...
But this is what we currently have. Long-term we aim UP!
WARNING: If you see a strong flash crash hit all the Altcoins, remain calm... They will recover.
When Bitcoin does its final shakeout, everything will shake. Right now is not the time to look for an exit or to sell.
Right now we look for opportunities to buy for the next bullish wave.
The selling time is long gone... It is time to see back, watch, buy and wait.