Correction complete time to long TEZOS XTZUSDT

2022年2月8日

This setup like any ALT/Derivative or Spot setup is and always will be dependable on how BTC is trading .

Please ensure you understand this as I have been trolled by individuals whom dont understand the distinction and thus probably lose money and take it out on me .

Ok well here we have the XTZ/USDT Pair on Bybit Perpetual contract .

As you can see from the drawing we have completed a full retracement down to the .886 fib and made a nice reaction off of this level ,

with a back test of the .382 back on the 5th Of Feb and now we are slowly building on some upwards movement again .

If you are looking to enter I would suggest that you set some alerts and maybe we pull back to the .382 when BTC throws a wobbly or the .236 if we were to

fast wick down ... again revolving around BTC !

Sitting at the .786 level is the POC so i would not expect to go straight through it as i anticipate a fair level of resistance here .

My targets would be around the 1-1 as marked and around the VAH .

Ensure to take profits on the way up in increments of 25% for example .

.Always use a SL and know your Invalidation