XTZ / BTC Timeframe 1 week. I deliberately made a large timeframe to show the entire section of the chart, which is necessary for the clarity of the formation. Fractal. The possible start of the trend, possibly near the minimum price values.
The coin is suitable for accumulation, which means for positional trading. The previous price inflation was about + 300%. This time, if a bullish trend develops, we have every chance of seeing a much larger percentage increase in prices. Let's hope that April-May will make smart people obscenely rich, and stupid as always ...
My idea of learning how to work with market cycles, where I showed potential work using this coin as an example, which is quite successfully implemented in reality.
Those people who count on quick profits without effort and waste of time are doomed to give their modest contribution to the smarter and more hardworking ones.
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I specially show it on a line chart to remove the "market noise". About + 30% at the moment since publication, the price approached the local downward trend. Pay attention to the fractal.
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+65%
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Further development of the situation, price growth by + 18% and thus the formation of a local double bottom. Also, on the weekly and daily timeframes, a descending wedge is drawn, the price is at its resistance.
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Local work. Volatility has decreased to a minimum. A local symmetric triangle was formed 20% Price levels zones on which further trend development depends after the triangle breakout showed arrows.
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Main trend. Downtrend with a step of 400% Timeframe 1 week.
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+40% at the moment from the breakdown of the local triangle. Note how much more rational it is to enter on a pullback after a breakdown (23 breakdown, 24 pullback, 84 level zone), rather than on a breakdown (false breakdowns).
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+60%
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The trend continues after the pullback. Price has reached an important resistance level of 1444 (May highs). There is a lot of buyer volume.
It is worth noting that from the breakout of the wedge resistance (719 level) to the highs today 11 09 the profit is 109.1%
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Pair to bitcoin. +145% c entry point (local symmetrical triangle), price has reached the 18112 (1813) level zone since last update. There is huge potential for bitcoin, as in most liquid altcoins. See the related trading ideas of the main trend of the large timeframe to understand. The pair is volatile with impulses and pullbacks by a large percentage, use this
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rollback after pumping +170% . A fractal is observed. Large timeframe - 1 week