Bixley

Tezos Bearish alligator

BINANCE:XTZBTC   Tezos / Bitcoin
Tezos has seen a great bull run. However it has reached the point where the downside potential is A LOT greater than the upside potential. Support for this theory includes the bearish opening of the Gaussian alligator indicator, preceded by a double top and a bearish divergence. The previous Bearish opening held bullish potential due to the formation of the descending scallop, a bullish reversal pattern. By 'baby coin' I mean the coin is very young and most alt coins do not show this chart structure in their early days, its just strange. A personal bias may come into play, I do hate this coin.. xD
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