NXT Bull RunNXT is starting to form a channel here which gives us a good speculation on where we are heading.
IGNIS is running its ICO via NXT coins collected in the crowdsale which is split into 5 different distribution periods. Next IGNIS ICO scheduled period is on the 26th of August. There was high demand in the first ICO period but lots of people missed out (Mainly due to a whale taking most tokens) therefore FOMO (Fear of missing out) has occurred and I expect this to help maintain this continuos uptrend channel.
If this speculation goes as expected, a 50-85% profit is expected.
Good luck.
Ignis
NXT/IGNIS Countdown to ICO, Cup and HandleHey all,
Still new to charts and have only been tweeting my updates so far, but it appears that we have a big cup and handle dating back to July 8th with a neckline at 5200 and a bottom of 3000.
I marked a few interesting points of divergence that stuck out to me, and coincidentally both appeared to stop their respective downtrends (the first being the bottom of the cup, the second being the bottom of the handle). It looks like we broke out of the downtrend of the handle on July 26th. The ICO date for IGNIS is marked in purple, though there is no exact time on August 5th.
I drew out some general trend-lines on where I think we will go in this next week or so leading up to the ICO. These are roughly based on various Fibonacci levels (again, new to those as well) that I decided not to put on the already-cluttered chart. I believe we will slowly climb back to 5200, bounce back down around 5600, and then spike upward to the 6500 range.
Obviously there's uncertainty in the market for Aug. 1st, so this chart could become skewed relatively quickly. Won't use this chart to speculate what will happen to the price of POLONIEX:NXTBTC while the ICO is ongoing or when the eventual IGNIS snapshot occurs, but I would love to hear your thoughts on that.
Also seeing a positive trend occurring with the MACD on the 4 hour chart for what it's worth.
Info on the ICO is located here if you need a quick refresher: www.jelurida.com
Good luck all, and may POLONIEX:NXTBTC , IGNIS, and POLONIEX:ARDRBTC all fly!
Twitter: twitter.com
NXT Day Trading StrategyHere's a quick look at a day-trading strategy I've been using for NXT to flip some quick % over the weekends. Notice the fairly reliable pump pattern. If you accumulate anywhere below 6600 (preferably 63-6200 if you can although I don't know if it will go that low again after breaking out from the previous ascending triangle) you may be golden.
Solid project, solid team, solid architecture. Looking long and hard for the future.
