As you see in the chart there is a long term trend line in front of the price.
As predicted in previous predictions BTCUSDT is pumped and we may enter the market after a pull back on the pink support line.
It is supported by the uptrend line (1).
It should rise above the critical point of 1.6549.
If it falls, it can fall below the 1.2000 point.
Most altcoins are affected by the flow of BTC and are gradually losing power.
In this case, you need to be careful about altcoin trading.
We believe that the altcoin must have a...
Looks like Tezos is forming a very similar pattern to BTC. I don’t like the continuation pattern after the last rise in price. It seems to me as if we’re heading for another dip. Look for support at 2.30$ or even possibly 1.90$.
Most Altcoins against the dollar create Bearish formations such as Rising wedge or Bearish triangle. I only give them a few hours / days until these formations are completed and the Altcoins along with Bitcoin start the price dump. If we thoroughly discuss the chart of Tezos, then we saw the purchase zone at 0.80$ to 0.60$. In this zone, I would concentrate my buy...
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here my work:
look support bottom at $0.4740 pivot stand
XTZ is H&S (head and shoulders) confirmed bearish.
Lately ive been showing how technical analysis works very well on cryptocurrency. It seems the simpler the better. Classical chart patterns and Japanese candle sticks may be old school, but human behaviour never changes.
Here is how i have used classical chart patterns, Japanese candle sticks, harmonics, Fibonacci retraces, support and resistance, to win on...
XTZ looks very much like Bitcoin, LTF distribution is in play. A retest of this order block (resistance zone) would be an ideal short entry.
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