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We are beyond the demand zone based from the VPVR given from bottom and the current price range. In USDT pairs, we had an obvious key levels from our FIBs which I labeled based on my current bias.
If we still get rejected from the current price today, we might end up at 5.57US or ended lower up to 4.6US w/ the current BTC price, we should expect other ALTS breaking out if and only if BTC also breaks out at 61k up to 23% of its change.
I still cannot say if we will be reject at this current price range, see chart below for the reason.
BTC pair is also the main reason, while the BTC pair for XTZ is slowly going uptrend, of course it is expected that we will have a breakout, since 10k satoshis for XTZ is very important but I don't think it will break out this month and if it is going to breakout between those levels lets welcome a 10US per XTZ - at Q4-2020 XTZ getting rejected and went lower.
If we can go lower based from the FIBs given, we can go lower at 75k-80k might be a profitable trade to be sold for July.
We might be also trading after a breakout, this means our entry will be above the resistance making it a support - and this is not FOMO, since we should always make a plan before we trade.
We had enough playing and trading w/ BTC pairs, most of the traders will not be trading from the APEX if all of the traders are concluding that the pattern we are having is an ascending triangle. Traders will most probably enter at 61k US for BTC, and here's a chart below that I have not updated for a week.
Please read more here
Will BTC rally up to 70k-75k - A is for April, A is for ALTSEASON
THE BUY ZONE
Buy Zone for XTZ in BTC pairs - 7k-9k, good luck averaging or whatever strategy you have right now.
No BUY ZONE for USDT :P
GOOD LUCK and TRADE SAFE!
Index Blog
Starting a Small group to help beginners in Trading
1.x.x - Introduction x Start Trading w/ Binance preferably
1.x.x - Rules of Trading
1.x.x - Calculating and Managing your TradesHIVE
2.2.14 - Is Hive really Bullish? - HIVE/BTC and HIVE/USDT
2.3.30 - 2nd Quarter Update: HIVE/BTC/USDT - "$5 USD for HIVE is it possible?"
2.4.08 - You should not worry about the Hive PriceBTC
3.2.18 - BTC Hits 51k, whats next 55k or 60k? Lets see the Charts
3.4.03 - Will BTC rally up to 70k-75k - A is for April, A is for ALTSEASONALTS
6.XTZ.4.10. - TEZOS - Q2 APRIL - XTZ/BTC/USDT - Tezos Parabolic Move?
6.GRT Other Alts will be shared, but not everyday to avoid Spam
6.DOT
6.LINK
6.DOGE
6.LRC
6.UTK
6.CELR
6.SXP
6.STMX
6.BTS
Sources/Links/References
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