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TradingShot
Sep 10, 2020 5:48 PM

XTZBTC The Tezos syndrome. Time to buy. Long

Tezos / BitcoinBinance

Description

XTZBTC has been one of the most consistent pairs throughout the year 2020 so far. So consistent, that in fact helped me calculate the exact top and take a sell position and hit the target with surgical accuracy as you can see on the idea below:



Now I believe it is time to start buying Tezos again as the price has made successive 1D closings above the (blue) annual Rectangle's Support and the LMACD is close to making a bullish cross. See how the LMACD is an additional tool (a little lagging but still quite effective) in determining tops and bottoms.



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Comments
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