NMRBTC trade ideas
NMR long sideways bottom + volumeThe token mechanics for this one are kind of stupid and I don't think the founders have much incentive for raising the price of the token/marketing but along with the technicals 2 things make me think this could pump out of control.
1. the huge exit pump on listing to trex right before alts died out for summer make me think the whales involved know what they are doing
2. the list of advisors/investors is basically as good as it gets crypto wise. joey krug, olaf carlson-wee, juan benet, and fred ehrsam.
I think buying small near 200k sat and waiting for atleast a 4x is a no brainer on this one
Big opportunity 350% ProfitsAfter a long term correction NMR is preparing for a long shot.
Just have patience and chose the best short moment to enter.
Coin - NMR
Exchange: Bittrex
BUY: 0.0015-17
SELL: 24-33-50-104-Open Target
Invest 10/15% from your deposit
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NMRBTC Weekly Resistance/Support AnalyzesHere we can see that NMRBTC in the past closed 4x times above the Horizontal Black Support Line. Every single time after closing above the Horizontal Black Support Line, NMRBTC went back to test the resistance at TARGET ZONE.
Why can we not expect the same now?
This trade, god willing, has the expectancy target of atleast 50-100% on your money if you buy right now around 200-210k.
Enjoy people.
$NMRBTC #cryptocurrency #NMRBTC in accumulation modeand potentially will be setup for a major run depending on future fundamental developments. Clearly signs of large positions being taken here over the past 6 months in a coin with a real use case that's being used for its intended purpose. Surprise catalyst will be a connection between Numerai's hedge fund performance with the Numeraire coin - hinted at in one of their Medium blog posts: bitcoinmagazine.com
Longer term investment potential here, not really a trade as the action is generally boring (good time to accumulate).
NMR CURRENTLY BOARDING FOR MOONSHOTNMR has found good support at these levels as it slowly starts to test some past resistances. I have a huge bag here since it's blue sky if it manages to clear some downward resistances. Numerai has a tiny mcap at just 20mm which gives his AI Hedgefund a HUGE upside. Targets at past fib levels. Not taking profit until 3x from here.
NMR - BOTTOM ALMOST COMPLETENMR will be looking to successfully accumulate at these levels then retest it's downward resistance on it's way up. Cloud flip next month. Bitcoin permitting, this one is going to fly. Volume spikes last month or so don't lie. Just needs a little more to push this low cap token up.
Numerai is in my top 3 bags as I've accumulated and averaged down at these levels. Low circulating supply makes this one a juicy pick.
NMR Bottom Forming (6x potential)NMR seems to be forming a bottom. 1D cloud should flip green and be broken on the upside next month to confirm. Still early stages of market cycle so hold on tight.
Look for a break of the target and bouncing support. Lots of volume recently so this should be conservative. Good fundamentals. Huge long term potential. Need patience for this one. BTFD.
Targets:
1) .004
2) .0075
3) .012
4) .015
Stop loss on elliot wave fractals.
Cheers mates.