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Crypt1cLyfe
Sep 11, 2020 4:59 AM

XTZBTC is in a very interesting place 

XTZ / BitcoinBitfinex

Description

Hi all,

Just a quick TA from me.
The chart says it all, have a look around, zoom in and see how the down trend support line shows that XTZBTC is in fact in a bull flag.

There is of course a very real chance that the markets correct some more if the Dollar has a minor correction rally before it's inevitable further downside.
If we did breakdown I think XTZBTC would just make another bear trap / failed breakdown and that it would in fact just be an even better better place to buy.

This is not financial advice by any means, these are just my thoughts so trade and be safe :)

What are your thoughts?
Comments
PolarHusk
ThanksForSharing
Crypt1cLyfe
@PolarHusk, Your appreciation is appreciated :D
AryaxS
Oh this will be an interesting variation of an expanding triangular correction, very nice thesis
Crypt1cLyfe
@AryaxS, Thanks you for your appreciation Aryax, it is indeed an interesting time for tezos, I've got my popcorn ready xD
AryaxS
@Crypt1cLyfe, check out my idea inspired by you
Crypt1cLyfe
@AryaxS, Awesome Ta, thank you for sharing :)
Hellenism
@Crypt1cLyfe, you got your dollas ready too? it's gonna be a big one
Crypt1cLyfe
@rahulbhagran, You think we are going down?
kubilaydereli32
Very nicely done. Good research !
Crypt1cLyfe
@kubilaydereli32, Thanks Kubailay, are you a hodler too?
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