Nimiq: Trend Reversal (700% Potential Or More — Trading Basics)I am mapping 700% potential for Nimiq (NIMBTC), what do you think? The falling wedge pattern is coming to its end. We have a major ATL as well as long-term lower low. The last three sessions closed green. A reversal can happen soon.
This is a Bitcoin pair and its last major bullish happened in 2020. Between December 2019 and June 2020 (196 days). Total growth amounted to 3,650%, which is great.
After a major All-Time Low and more than four years of bearish action, 700% seems easy right? Definitely do-able.
So we aim for 700%, maybe lower but still staying open to seeing even higher, because this is a strong possibility. We cannot limit ourselves nor the market potential in any way, shape or form.
When we trade Altcoins vs Bitcoin, spot, we focus on getting the bottom. This is the most important part. Once we have the bottom, we just wait for the market to turn and enjoy the ride up. After the market turns bullish anything goes.
How to approach the targets?
The classic method we use is to set the sell orders beforehand. After you buy, you do your calculations and start placing the orders, sell-limit, and forget it, you let the market take care of the rest.
As we gain experience, this strategy can be expanded and we can approach the targets in many different ways.
I am wishing you love, health, wealth and success.
Enjoy your day, enjoy your life... You are eternal.
Thank you for reading.
Namaste.
