NXSBTC trade ideas
Nexus Ready to bounce off the 61.8Looking like NXS is oversold and sitting on the 61.8 - Keep an eye out for lift off
NXSBTC : 0.001 BTC Per NXS SoonNexus (NXS) is indeed an undervalued cryptocurrency at the moment. The project behind this sleeping giant is way more advanced than the Bitcoin blockchain itself. That being mentioned it is certain as the objectives and events of Nexus Roadmap for 2018 are fulfilled there will be an enormous demand as well as a surging growth in adoption for this cryptocurrency backed by a satellite based blockchain. Also recently Nexus introduced the concept for the world's first 3D blockchain and it is still under process of bringing into effect. Although these fundamental facts ensure the validity of the Nexus it clearly makes certain of the upcoming bullish trend for the NXS coin when studied and and analyzed the price chart of NXSBTC pair.
As analyzed it shows a clear upward retracement from applied Fib levels following the completion of a Cup-and-Handle formation. Once the price retests and breaches the all time high around 0.0009300 BTC it is evident that the price will have nearly doubled the value of its current position of 0.00064200 BTC to 0.0013100 BTC during the upcoming weeks.
NEXUS OutlookGreetings Traders!
NXS moving in descending channel formation. Initial support level is the lower parallel + 0.5 line, just below that 4H 100 EMA + 0.618 line, even below that is the 4H 200 EMA. A good reaction at these support levels could indicate a possible LONG entry. Resistance is the upper parallel.
Nexus is a very exciting project with a capable lead developer aiming to create innovative quantum-resistant 3D blockchain software within a scalable satellite network.
NXS/BTC Purchase about 0.00069 In case of a rebound of the trade and the appearance of large deposits on it, the sale is at 0.00088. Stop-loss 0.00066
Stand clear - Future is Nexus Earth - The whole package in oneNexus Earth has the technology and potential to be the coin for many. Nexus is decentralizing the decentralization and launching tech into space to support the decentralization. With advanced development on "Smart Contracts", privacy, Quantum Resistance and real decentralization Nexus will hold together in one coin all that is needed in this space.
"Nexus seeks to Free humankind from centralized systems. Merely being decentralized is not enough. We must decentralize the decentralization. Using software and hardware, Nexus seeks to build the foundation for the most decentralized system to ever be developed: Nexus Earth. This network will empower everyone from the first world to the third world. Not everyone has money, but everyone has time."
Mining Channels: Each channel reinforces each other to prevent 51% attacks on one channel forcing attacker across multiple channels
Hashing: SK-1024, SK-576, SK-512, and SK-256 used in all hashing. Pure SHA3 using Skein and Keccak.
SK-1024: Using Skein-1024 and Keccak-1600 for Hash PoW to produce a 1024 bit output hash used for the block hash providing the highest security.
Prime: Searching for Dense Prime Clusters as PRIME PoW, finding these clusters of numbers that are ~308 digits to verify prime density in large numbers.
Keys: 571 Bit Private Keys compared to 256 bit in other currencies. Using NID_sect571r1 as the algorithm.
Difficulty: Calculated with time overlaps and true % over bounds, using weighted block average over past 5 blocks.
LLP: Lower Level Protocol as a template protocol to allow any protocol to be created with ease without need for repeated network programming.
Core LLP: Protocol responsible for time keeping as an advancement to NTP, keeping clocks on the network synchronized within a few seconds of one another. Maximum clock drift for Nexus is 10 seconds.
Mining LLP: Dedicated Mining Protocol outside of JSON-RPC Server to allow the greatest performance for mining. Protocol can handle 5k + connections allowing solo mining of any magnitude.
No Reward Halving: Rewards are calculated along an exponential decay curve to slowly reduce the value of each block rather than shock both miners and the market with block reward halving which acts as a rudimentary decay model.
Released Reserves: Decayed Amounts are deposited into the Reserves for each channel, preventing a miner from being able to mint more than the projected amount while difficulty is compensating to their amount of computing power.
Fractional Rewards: When reserves are below given thresholds, the mining reward is then based off of the time it took to create a block preventing a miner from ever being able to deplete the reserves.
Decentralized Checkpoints: All blocks must root from the most recent checkpoint which is declared by fitting into a timespan. This allows checkpoints to be automatically created every hour, without the need for any master node or checkpoint broadcast.
Trust Keys: Interest rate is increased the more a node services the main chain giving incentive to active stakers. This also increases the cost of an attack for in order to attack with a trust key it requires time to get it to the same threshold.
Nexus Proof of Stake: Proof of Stake system based on the Peercoin protocol heavily recoded from the ground up utilizing energy efficiency threshold, trust keys, and logarithmic weights to create the fairest and most stable Proof of Stake system to date.
Developer Commission: Built into the protocol levels, gives a small decayed amount to developer addresses every block over 10 years amounting to a total of ~2.5% after 10 years, and starting at ~1.5% as a way to bring the benefits of pre-mines, without the risk to investors. This means developer account has no control over the currency as it will never be of a high enough %, but it allows funds to be distributed to development removing need for corruptible foundations such as the Bitcoin Foundation.
NXSBTC - huge volume pump, 80% potential gain Just purely based on volume and wave analysis this coin may still gain 80% more.
High risk, set stop-losses.
NXSBTC possible x2 profitTA:
- Huge cloud with a very horizontal top edge
- We see a triangle that could break any day now
- RSI is following a bullish trendline and is trendline is above the 50 level
- Stoch RSI about to make a crossover and is oversold
- Volume is confirming triangle
Strategy:
Wait for price break out of triangle(up) make sure it is not a fake breakout so look for some conformation for example check for a volume spike.
When the triangle breaks up and is confirmed it is probably also a conformation for an edge to edge ichimoku cloud trade so the top edge is probably going to
act as a resistance.
Triangle can also break down so wait the conformation!
Nexus, will it go to the stratospherAs we can see BITTREX:NXSBTC has has start to bounced well with a nice double bottom from the demand zone...
So what the next for BITTREX:NXSBTC ?
As soon as we brake the 0.00025/26 level
I expect an accleration to 0.00039 to finally take off to 0.00073412
Stop loss 0.0001863
NXS - Nexus - (580%+ Potential)Chart analysis by request. (Training)
Signals:
- MACD Bullish divergence.
- Chart formation = Triangle.
- Bounce from low point (0.0000940).
Notes:
* 1Day Chart.
* Attempt at breakout can happen around 13-14 Dec.
* Targets black lines.
* Long trade.
Basic trading tips:
- Buy low, sell high (can't go wrong when you buy at the bottom).
- Remain calm at all times.
- Do not take action based on fear.
- If you feel nervous or in panic mode, go out to the beach, river, woods or burn your computer.
- If you can't take a red candle, stop trading right now, you are giving away your money.
- Diversify. Don't put all of your money in one trade.
- When unsure, always use a stop-loss.
- Set sell order before the time to sell comes.
- Tip the trader who made the analysis for his hard work, regardless of what happens with the trade.
- Learn to play poker... Oh no wait, that's just a joke. HAVE FUN!
- & GOOD LUCK.
- Joy, peace and love.
Nexus IdeaLooking at bullish signals almost across the board, first publish so really keen to hear feedback on techniques and whether i have stuffed this up totally or not.
HLBLXes Echoing Throughout the Cryptosphere / Axis - 0.00017658Start ranging NXS to BTC Heartbeaters..
Extremely magnetic Axis has formed..
