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NXTBTC

NXT possible comeback?NXT was dumped after the snapshot of IGNIS. From 4H chart we can see that NXT is still in consolidation, and it looks like we have good support at around 0.00004 level. From the trend line we can see that NXT is either goes up (to B) or goes down to 0.00001 support level (to A). My target prediction is around 0.00008 level, and it can goes farther from here. Let's see what NXT can do. I would say this can be rewarding judging from the risk and reward. Cut loss: 0.00003. Any comment is appreciated. Thank you.
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by Glanzspade
7
NXTBTC Market ReviewA daily summary of the previous day’s market activity and review of current state of market on Cryptos. Analysis Daily Time Frame read On the daily TF after the price breached the red ray and green ray (S & R) we are officially in buyer’s territory and holding above the buyer’s territory. We have strong buyers and strong sellers. I have done few buys in the past and then sold all my positions once my TP hit. We got a nice pullback as the bears are in control as of now and struggling to go Low as we are working with the important support at the green ray region. I anticipate that price will leave a wick touching the red ray and then shoots up. As of now there is no sign of buy or sell on the Daily. 240H Time Frame read On the 240H after price breached the orange line we can see some selling pressure coming up and bears are not giving any chance for the bulls to gain some momentum as you see no pull back for buyers to sell for cheaper price. Once we breached the gray ray we are in the new seller’s territory and buyers got some pullback to do some sells at the top of the range. We are working with the 4th touch as of now if price touched the bottom of the range and leaves a spike at the bottom showing some buying pressure then I can enter the trade once I take out sellers who have done their sells lastly. Entries, Exits Entry can be little below the green ray and Exit will be top of the Range. Aggressive Entries and Stop loss If you are quite aggressive in nature and don’t want to lose few Sats then you can enter the trade once the price come down to the bottom of the range and leaves a spike at the bottom and then enter the trade and SL below the wick. Conservative Entries If you are conservative in nature then you can enter the trade once you see the last sellers have been taken out and leaving a wick on the bottom and then wait for a moment to check weather price can make a LL or not and then enter the trade. Risk Management • If you are an aggressive trader you can risk 2% of your capital on this trade. Tight SL below blue line. Position Size should be calculated based on 2% of the capital/SL by Sats. RR should be at least 1:2. HODL overnight not more than that because BTC market is speculative atm. • If you are a Conservative trader you can risk 1% of your capital on this trade. Wider SL below the wick under the blue line. Position Size should be calculated based on 1% of the capital/SL by Sats. RR should be at least 1:2. HODL overnight not more than that because BTC market is speculative atm. Trade Management • Remove 50% of your profit once you make 5% on your investment and make SL to ‘0’ (Aggressive and Conservative entries). Add few more position once you see a HH and struggling sellers in between the gree
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by ReddyShyamShankar
1
NXT Update: On the RiseBITTREX:NXTBTC has found support is preparing for another breakout. After the initial breakout/reversal was made after the post-IGNIS airdrop dump and stopped by the 100MA on the Hourly, NXT has squeezed its way back to the 100MA forming a wedge/triangle in the process. If you are not currently in next, this is a great early entry for a breakout trade. The whole market is beginning the year off on a rally and NXT is going to want to catch up after falling behind the rest of the alts. From where I'm standing, this looks like the completion of a 2nd Elliot Wave which mean the next leg up is going to be a big one. Check out my telegram channel for trading tips, signals, updates and more: t.me
NLong
by myceliium
4
Ascending triangle - Short-term breakout expectedHey guys, we will see a bounce off the 0.382 fibonacci level and the supporting uptrend line, which started at the 28th of December. There are a few bullish sign, which indicate such a move. First of, the ascending triangle formation, as the bottom of the former downtrend. Furthermore, both, the EMA30 and the EMA10 were crossing the EMA50 upwards, which can also be seen as a bullish sign. If things follow the overall market direction, then we will see a breakout this week for sure. If you like my prediction, feel free to follow me on my other social media accounts: - Medium: medium.com - Twitter: twitter.com - Cryptomus: www.cryptomus.com
Long
by paaax
3
NXT BTC Don't expect a bounce...Yes, other TA folks are correct in noticing that this is about where it was before that massive pre-snapshot run-up. That's because the whales pulled out to save their gains, then others panicked and went elsewhere. That's also typical of news runners. Not to mention NXT has bearish sentiment due to the idea that it will be phased out against ARDR and future sidechains. However, there are other news/ rumor topics that can make NXT run through association with Jelurida. Example: nxtplatform.org Use what happened to LSKBTC back in November when people sold the news as a case study here. You got multiple bear traps all the way down to one of its strongest support lines, where the 200 MA touched previously. I think we'll see something similar in NXT as I'm expecting a sell-off of Ignis and ARDR as soon as everything goes back online Jan 1st. On that note I'd hold off on NXT to buy it around 3300 to 2700 range depending on how a likely BTC drop to 8600 levels will affect the alts. I notice that the BB are squeezing, so a bear trap here may be ready to play out. I don't expect a trend change anytime soon, though.
Short
by RotiWokeman
1