✴️ Tezos Bottom Confirmed (400% Current Wave Potential)

Long-term there will be more, much more but there is always plenty of time to sell and buy back lower in-between waves. Take for example Bitcoin. Bitcoin peaked April 2023 and the next bullish wave did not start until mid-September.

One can always buy and hold long-term, that's a strategy, but traders tend to sell and buy back lower in order to improve potential gains.

Now, short-term this can be really hard, as in day-trading. But medium-term this can be doable as in the Bitcoin example.

Tezos hit bottom.
The Tezos bottom for me is confirmed.

The initial wave can be good, nice and strong but the ensuing correction can go for months.
Traders tend to sell at resistance and buy at support.

No need to worry about catching the bottom; no need to worry about catching the top.
This is a recipe for wasted time, money and loss.
It is better to be realistic, for example, selling portions on the way up or using a trailing-stop to get out in order to ride the major portion of a winning trade.

I say to "me" because everybody sees it differently.
You can show this same chart to another human being and they will see a full bearish situation taking place... It is happening with Bitcoin now, people are seeing bad news but to me, it is looking great.

Tezos (XTZUSDT) weekly RSI hit bottom December 2022 and in September 2023 produced a higher low. It is now trading above fib. resistance and also within the bullish zone:

Of course, in this same time period XTZUSDT produced a lower low and thus we have a bullish divergence, we also have a reversal pattern and multiple consecutive bullish candles... This wouldn't be much out of context but when considering Bitcoin and the rest of the Altcoins, these signals are ultra-strong. Tezos is set to go up.

You can find some targets on the chart.
It goes down, it goes up.
It goes down, it goes up.
It goes up fast and strong... It corrects slowly down and then jumps rapidly back up.

Regardless of the medium-term, we are set to experience new All-Time Highs in early 2025 or 2024.

All the information is shared for educational purposes only.
All the information is available freely by visiting my profile.
This is not financial advice. You are responsible for your own actions.

I am wishing you the best, now and always!
Remember, if you fall just stand back up, life goes on and we can never go up.
We continue fighting, pushing, moving forward... We do whatever it takes to survive, thrive and grow.

Our daily life reflects mainly the contents of our thoughts... Think much of success and... Success is yours.

Namaste.

Comment:

Tezos is still trading near bottom prices.

There is plenty of room available for growth in the coming weeks and months.