XTZBTC ACCUMULATION: DONE, if market is bullish
Technicals:
1. We have a rectangular bottom or wyckoff accumulation that looks like the exact reverse of the rectangular top or wyckoff top.
2. A structured falling wedge has formed denoted by the 2 yellow converging lines.
3. Volume profile shows we are at the point of control on the daily.
4. Decreasing volume suggests bearish momentum coming to and end and a sharp mark up could be in play (in line with the falling wedge breakout COINCIDENTLY).
Fundamentals:
1. Tezos has been gaining a lot of traction in the NFT marketplace recently, having now captured at least 25% of Etherium's NFT space making it the 2nd most active NFT platform with DeFi baked in.
2. Partnerships are being announced on almost a daily basis.
3. New upgrades coming soon via Granada which was voted by the community. This will allow faster transaction speeds, up to 1000 TPS.
Everything is lining up, but it depends on Bitcoin's macro movement. Use your own judgment. :)
This is not financial advice. This is just my analysis.
1. We have a rectangular bottom or wyckoff accumulation that looks like the exact reverse of the rectangular top or wyckoff top.
2. A structured falling wedge has formed denoted by the 2 yellow converging lines.
3. Volume profile shows we are at the point of control on the daily.
4. Decreasing volume suggests bearish momentum coming to and end and a sharp mark up could be in play (in line with the falling wedge breakout COINCIDENTLY).
Fundamentals:
1. Tezos has been gaining a lot of traction in the NFT marketplace recently, having now captured at least 25% of Etherium's NFT space making it the 2nd most active NFT platform with DeFi baked in.
2. Partnerships are being announced on almost a daily basis.
3. New upgrades coming soon via Granada which was voted by the community. This will allow faster transaction speeds, up to 1000 TPS.
Everything is lining up, but it depends on Bitcoin's macro movement. Use your own judgment. :)
This is not financial advice. This is just my analysis.
Breakout soon?