Tezos has been just knocking on this door since we capitulated a few weeks ago. the market maker may have acquired his position and is ready to take us into the 2 dollar range again. or it could be a bull trap
Trade active
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i will be pulling out my old charts again and dusting them off. its time to start looking at those fib extensions again. 5 dollars may be coming into play very soon. dont fomo. we still have at least one more good pull back JAC.
I am leaning toward the trap ( as I mentioned in one of my charts)
BrandonrG
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@RotanimreT, if it is it will go much higher and really suck them back in.
RotanimreT
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@BrandonGallegos, I am very exited to see XTZ move up closer to $1.90 ,so far my line of thought was correct - it move up,lets see if the 2nd part of the scenario I posted in "Possible trap at 1.90sh" chart take place. The next few days will be very interesting to observe .
BrandonrG
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@RotanimreT, i had to add on to my position just when i made that chart. tezos is really ripping man. love it.
RotanimreT
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@BrandonGallegos, Lots of psychological pressure (FOMO) at this level (~ $1.90 ) for those on the side lines .I have not adjusted my entry levels yet ,going to observe how it is going to move for the next couple of days ,need to see if I was wrong or right about the possible psychological trap set by whales at 1.90sh level. Finally we got some action )))
BrandonrG
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@RotanimreT, ah its all good. i hit a dllar. 1.14 1.30 1.33 . my entry average is dirt cheap. not to mention i have the rest staked and pulling in a good amount every three days. im never trying to time the bottom. just get in low risk plays and get out if i have to . i'll keep adjusting my stop loss all the way up.
Velcromatic
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According to the support lines on your own chart above, didn't it break to the downside from the wedge???
BrandonrG
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@Velcromatic, it is an inverted chart ive been using for a while now. gives a better perspective
Velcromatic
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@BrandonGallegos, legit. i love it. thanks for the clarity!
BrandonrG
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@Velcromatic, thanks friend. i've been quietly acquiring tezos for quite some time now. it is my favorite asset of 2020.