wow what an incredible few weeks it has been. if you have not been following the traditional markets i suggest that you make yourself familiar with them as they are extremely important especially in these historic times that we are living in. i would highly recommend that you understand the 10 year yield and how it effects the traditional markets. it is another tool in your tool bag when looking for hints as to the direction of the market as they all can be correlated at times. however i do not see cryptocurrency continuing to be pegged to traditional markets now that qe infintity has officially begun and with the fed pulling out a MOAB. I had to include this part as i feel that as cryptocurrency hodlers/traders and believers that we often lose sight of what is REALLY happening in the global economy.
now on to tezos. we have continued to move up into the 2 dollar range just as we expected last week. we did not quite hit the measured move that i expected but came very close and i have no doubts that we will continue to push up in the following weeks. looking at the chart and indicators it is clear that we are forming a cup and handle formation which has proven to be an indication that an extremly powerful and impulsive move is coming. it would not surprise me to see tezos test the 3 dollar range very soon.
my plan hasnt changed one bit. LONG TERM ACCUMULATION AND HAVING DRY POWDER FOR ANY BIG PULLBACKS. I was able to add a an extremely substantial position on the crash and have averaged in over 65 percent gains in just the past month. that is my second best gains of the year and both have been in TEZOS. i continue to believe in the fundamentals but everything begins in the technicals. and all indicators that i see show tezos gearing up for a massive bullish fractal the likes not seen in several years. (ethereum, monero, amazon, bitcoin)
stay safe and above all may the creator bless.
now on to tezos. we have continued to move up into the 2 dollar range just as we expected last week. we did not quite hit the measured move that i expected but came very close and i have no doubts that we will continue to push up in the following weeks. looking at the chart and indicators it is clear that we are forming a cup and handle formation which has proven to be an indication that an extremly powerful and impulsive move is coming. it would not surprise me to see tezos test the 3 dollar range very soon.
my plan hasnt changed one bit. LONG TERM ACCUMULATION AND HAVING DRY POWDER FOR ANY BIG PULLBACKS. I was able to add a an extremely substantial position on the crash and have averaged in over 65 percent gains in just the past month. that is my second best gains of the year and both have been in TEZOS. i continue to believe in the fundamentals but everything begins in the technicals. and all indicators that i see show tezos gearing up for a massive bullish fractal the likes not seen in several years. (ethereum, monero, amazon, bitcoin)
stay safe and above all may the creator bless.
Comment:
3 dollar might be tested this weekend. ITS A HUGE PSYCHOLOGICAL 2 BILLION DOLLAR MARKET CAP LEVEL. this is the biggest milestone for xtzed in my opinion. should we conquer it this time well just look at what happened to the rest of the top 9 when they broke 2 billion. they basically entered price discovery and went parabolic. i expect nothing less from the best project in the entire crypto space