XTZ.BTC (Y20.P3.E3).TA on the Macro Structure

9 Ağu 2020

Hi All,

~~ This is a continuation of the previous post, link below ~~

Today, after a bullish div move, we have Tezos on its way up (BTC pairing).

Observation:
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> Macro structure as you see is in the complex correction wave with a descending top declining flat bottom 3 to 4 wave.
> Within this section we observe 2 resistance levels a) resistance trend slope and b) yellow bar, key fib resistance level (0.382)
> I have marked the descending top declining structure with E having a strong bounce
> We have on the Daily bullish MACD, WT and Phoeix indicators
> We have most of the daily EMA as beneath the price action

My thoughts:
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Buy in now > to much going for it
When to enter, look at the smaller time frames.
Buy on the bounce areas but also risk missing the retest of the resistance level.




Fib level structure


Indicators confirm > cross over


EMA > 21, 34, 50 and 100 all now under the price



Please give me a like or tick for this helpful post


Cheers,
S.Sari


MY PREVIOUS POST > I should have guessed in will be another triangle structure

10 Ağu 2020

Not

Close up dynamics

10 Ağu 2020

İşlem aktif

It would be nice for this to pass before BTC drops, if it does in the coming days

11 Ağu 2020

İşlem aktif

A bit of work trying to figure where is the target. Based on the structure I have potentially 2 target levels, or maybe higher as there is no roof, just like LINK.

13 Ağu 2020

Not

Price dropped alot with this btc move and it went below a important line.
Lets hope it bounces back above the trend, otherwise if it closes here in the next 1 and 1/2 hours (4 hrly), then I will be bearish.