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3 Reasons Why Top TA Authors Won't Talk about Altcoins!(NANOBTC)Hi Friends! D4rkEnergY is getting a lot of request from you guys about Altcoins. What does D4 think about a specific coin?! And why he doesn't talk more about the smaller coins (measured on Marketcap)!? D4 will here give you 3 reasons why Top Authors won't talk that much about Altcoins, and won't give you signals. 1. It's hard to predict at the moment! Most altcoins follow Bitcoin (BTCUSD). That basically means generally speaking, when BTC goes up altcoins go up. And when BTC goes down, altcoins go down. We have exceptions like DigixDao (DGD), which just has it's own life. But as you can see, Bitcoin has been indecisive and difficult for many to predict. We almost broke out from our downtrend channel 5 days ago, but the bears managed in the end to reject the bulls. At this very moment we are facing the end of a descending wedge (and we are just under 10k) and will soon find out if Bitcoin, will manage to break out and up, or if we will fall even lower. So even though you might find a coin, which seems pretty bullish, if BTC thereafter will fall, people usually get scared and will also FUD out of altcoins. 2. Top Authors have side businesses outside TradingView Many Top Authors, including D4, has businesses outside TradingView. Even though altcoins follow BTC it is of course still possible to give signals. For instance gave D4 this signal some days ago, but usually Top Authors will only give their Premium Signals to their customers. 3. It doesn't get as many views and likes as BTC-update Let's be honest, and let's face it. You guys love to follow Bitcoin, and you usually want to hear about BTC-updates more than altcoins. So in general these updates get more views and likes, which means more reputation points, and therefore more visibility in the Top Author Ranking system. In the end, D4 will encourage you guys to follow NANO. As you can see we are in a descending wedge, and are ready to break out. Wait for confirmation. We want to penetrate the resistance line with a big fat Marubozu candle with good volume. And remember to monitor the BTCUSD chart. The reason why NANO has increased that much lately was because, they announced on Twitter, that they had made an agreement with a 3rd party, that allows one to tip streamers with NANO on Twich. D4 loves you <3 PS. Before you leave remember give D4 a like and follow for more updates. It is much appreciated. Thanks in advance, my friends!
NLong
by D4rkEnergY
18
NANO Retracing, how long until ATH?I'm long on NANO as I bought very early and think the project has a bright future. I'm fairly new to trading crypto but have been learning fast and have been developing a strategy for all of my holdings. NANO is a big one and I learned my biggest lesson by not taking profits when it was flying high at 268k sats; a lesson that I don't want to learn more than once! I think the most valuable advice I've picked up is about scaling in and out of a trade. I have lost money and left a lot on the table by trading in and out with full positions so I've developed a strategy to play with a percentage of my NANO portfolio. For a while it looked like the controversy over the BitGrail $170m loss issue was going to drag NANO down to seriously low levels; at one point it looked like it was on course for 40k sats but it reached a bottom at around 61k and bounced back to 100k. The bounce was aligned to two significant positive news stories: first, the beta Android app was released, and second, a tweet from Garry Tan with a short video showing the ridiculously fast transaction time from wallet to wallet. The strength of NANO is in the technology, it could be huge! Despite the bounce back, at the moment of publishing, the RSI is super high on all time frames and having touched 74 on the 4 hour my prediction is that it's ready for a bit of a pull back. I've already executed a few sell orders between 95-100k and will be looking for a pull back to to the 70-80k range before scaling back in. Here's my thinking: Sell orders (all filled): - 90k (20% of position) - 95k (30%) - 100k (50%) Buy orders: - 80k (20%) - 77.5k (30%) - 72.5k (50%) Probably wouldn't pout a stop loss on this one as it should definitely bounce back and I'm sick of getting stopped out, but if I was going to place one it would probably be at around 61k as I doubt it will reach that bottom again, but if it did it may push much further down. What does everyone think? I'm I over thinking the trading strategy or would this be a sensible scale in/out approach? Totally new to this so any feedback would be most welcome :) Best, The Edje
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by nbdpeople
2
NANO(XRB) close to fundamental resistance levelNano was almost breaking the fundamental resistance level, but then an exchange got hacked/shut down due to a fraudulent owner. Alot of nano went "missing", not going in to details, nano is not to blame. Do your own research. However, it did result in a huge sellof. I also sold my nano, because my stoploss levels were triggered. After the drop nano stabilized and showed that it is very willing to rise. The fundamental resistance(blue) needs to be broken to call NANO bullish. Don't forget that this coin used to be 50 dollars once, no bad news came to decrease the value, it just "happened" to decline 400% or so, this might have been the first fib wave, but it is way to early to call it a fibonacci wave. However, the psychology behind it seems legit. We are missing some momentum, but the volume has already exploded, so I expect nano to break out soon. first profit level: 0.00131 (however, we might blast trough this one, since this was the level before undeserved FUD). Like this idea for following profit levels and buy in levels.
NLong
by JaimeKing
NANO - Buying into fear and the epitome of oversoldAll, This one's going to be long, but it's worth a read to understand my logic on this position. I welcome your feedback, as always. Last week I posted about NANO achieving a nice double-bottom. This would have been a nice moment for a reversal, had the bitgrail hack not happened. For those not aware, BitGrail was "hacked." More accurately the BitGrail developer, "Bomber," had horrible code that double-credited deposits and other issues that led to his eventual insolvency. He may have attempted to save himself for a bit by taking advantage of the NANO ( then XRB) price growth, but clearly did not do a great job and left with an insane amount of NANO (I believe almost 17M). Enterprising individuals have traced the "missing" XRB to Mercatox and have proven it has already been sold on the market and is now in circulation. So, let's recap: Primary NANO exchange BitGrail has a code bug and steals millions of NANO, a la Mt Gox, due to insolvency. BitGrail owner sells this NANO to on Mercatox to recoup losses. Price begins falling (17M NANO being sold will do that). BitGrail announces "hack" and locks withdraws as a last-ditch effort to rip funds from their users to maintain solvency. NANO price TANKS as a result and bomber makes an absolute killing on arbitrage, as NANO begins trading 50% lower on his exchange. The most important detail to remember here is that all that stolen NANO was liquidated in January. You know, the time at which NANO dropped by almost 70%? That's not a coincidence. The massive amount of NANO being sold by Bomber very likely cause the decline in price, and then the hack was the cherry on top. All that NANO has now been liquidated, and NANO'S Mt. Gox is over. That makes this NANO's crater-bottom, just like Bitcoins back in the day. Now let's get to the technicals! We see an obvious descending wedge over this period of time. We also see strong divergences with MACD and RSI. However, in my opinion most of these technicals mean very little on their own due to the massive fundamental shifts in the underlying. What's most notable to me is that we are currently sitting just above .001BTC. This is a major psychological support level. Since the wedge falls to this point it gains significance because of that, but not in and of itself. Volume is also fairly low. All of this leads me to conclude that we will very likely see a strong recovery in NANO for the following reasons: The selling pressure from Bomber has disappeared The "Mt Gox of NANO" is over NANO development team will likely be releasing a suite of new wallets and updates in the next 5-10 business days, acting as a recovery catalyst. These wallets have been in beta for a while now already. NANO is an incredibly ambitious project and arguably the ideal crypto-currency as it is almost instant and entirely feeless, something no other coin can claim - that hasn't changed. Full disclosure, I already have a position in NANO, but doubled it yesterday at around .00108, as I am that confident in its both near and long-term potential. For those not already involved in NANO, the following strategy would be ideal: Open long position at .001 BTC on any stop-loss hunting that is strongly rejected on volume. Open long position once a new high is established at .00105 ( after confirmation, of course) or, for a more conservative route, at .00107.
NLong
by calcie
3
NANO (XRB) /ETH - Cup & Handle XRBETH NANOETH NANOBTC Here we have a cup and handle. I am already in, but I would pay close attention to see if the breakout happens here shortly! Remember also this coin was previously XRB and unfortunately entered on 2/2/17 during one of the worst historic weeks of crypto. Not only is XRB/RaiBlocks one of the most promising tech out there it has not even broken even on where it started. This is something I would monitor very closely! Let me know your thoughts. I think this might be due for massive breakout.
NLong
by DigitalData
2
NANO double-bottom and reversalNANO has been on a strong downtrend since its massive bull run in its XRB days. For those who don't know, NANO (formerly XRB) was valued at only around 0.50 in December, and sitting outside the CMC top 150. The reason NANO has exploded is because it is able to do something no other crypto has accomplished - completely feeless currency. This is accomplished through proof of work to prevent network spam and proof of stake to verify transactions. NANO is only just now getting onto major exchanges such as binance. Combine this with the bull run and I see an impressive opportunity for growth. If nothing else I encourage you to buy a single NANO and transfer it to a wallet. Send it to a few other wallets without any fees in 2 seconds per transaction. You'll immediately want to buy more. For me NANO is a long-term hold. And you'll never see a better entry point. Technically speaking though we see a double bottom, increasing volume, and a downtrend break. If we are able to break above 0.15 I would consider that a strong buy signal. Price target? Depends on your time-range. Short-term we should see it recover to 0.0025 levels, long term we could see NANO have a 2018 similar to ETH's 2017 run.
NLong
by calcie