Nathan_Black

XTZ - Amazing R/R ratio!

COINBASE:XTZUSD   XTZ/USD
Hello my friends! Yes, it’s time for an XTZ analysis! Finally, it is doing something interesting worth of talking about, because it was starting to get boring. As a trader, I keep distance when an asset does some weird movement, and I only feel attracted when it does something good again. Let’s see what we have here.

Well, Tezos lost its strength for a few days – nothing to worry about, but it is annoying. Now, XTZ is in that kind of situation “now or never” that I personally like to trade.

First: It seems it is forming a bottom at the red line here, which is very good - any long trade here will have a high R/R ratio. Second: We see some good bullish candles around, like this hammer and most impressive of all – The Huge Bullish Engulfing.

If it closes above the green line, or if tomorrow’s candle breakout today’s candle high, it is a good long trade – stop under the red line. And to where it could go up? Well, I’ll keep my original position here and say that XTZ will seek the $ 4. Why? Here’s why:


This is the weekly chart. If this week closes in a bullish candle, it will be a strong bullish sign – just after it reached the 21 ema! If XTZ triggers a its pivot at the weekly chart by breaking out the thin green line at $ 3.13, nothing will hold it until it hits the $ 4 – and maybe it will go even further!

In my honest opinion, any pullback here is just another opportunity to buy XTZ at a cheaper price, and this is what I’ve been saying for the last weeks.

This is it, my friends, and stay safe!

Recent public trades (links below):

XP: +30%
AAPL: +10%
LB: +45%
UKOIL: +62%

Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate!

Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume ). Like this idea if it helped.

Thank you very much.

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* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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Comments

Yes I've been following this inverted head and shoulders for some time xtz loves this pattern as well as cup and handle patterns 9 times out of 10 when XTZ are in these types of set ups it smash resistance and sum. Use link as a indicator most of the time link blows up first then XTZ follows its lead in the past. I'm expecting a even bigger % brake out than link.
+1 Reply
I'm following you whole wave up and have to admit that you have impressive price action knowledge. I wonder how did you get it? Can you recommend some source of knowledge?
+1 Reply
Nathan_Black krystiann99
@krystiann99, Hey Krystiann! Thank you for the support, my friend. Well, I'm a bookworm, and I learned a lot from some good authors like Steve Nison, Mark Douglas, Al Brooks, Alexander Elder and co. You can check my list of recommended books in my website!

Trade well, Krystiann!
+1 Reply
krystiann99 Nathan_Black
Thank you Nathan!

Keep it up, wish you succesful trades!
+2 Reply
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