NXTBTC: Perfect base for a rally
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NXT has formed a nice accumulation base and is ready for take off.
For a very long time, this pair has been grinding down, but recently price stopped falling and we can observe that some careful buying and supporting of a price range is taking place, via controlled buying and selling by either insiders, market makers or a wealthy player currently manipulating the prices to lure in buyers.
We need to get confirmation to go long (unless you're already in), but buying if we fall to support below isn't a bad idea (or if we rally sharply from this zone).
The downside risk is a fall under 0.00001443, but the upside potential is well over 100%.
I will update the publication often.
Good luck,
Ivan Labrie.
For a very long time, this pair has been grinding down, but recently price stopped falling and we can observe that some careful buying and supporting of a price range is taking place, via controlled buying and selling by either insiders, market makers or a wealthy player currently manipulating the prices to lure in buyers.
We need to get confirmation to go long (unless you're already in), but buying if we fall to support below isn't a bad idea (or if we rally sharply from this zone).
The downside risk is a fall under 0.00001443, but the upside potential is well over 100%.
I will update the publication often.
Good luck,
Ivan Labrie.
Note
We might test 1440 before buyers step in.Transaction en cours
We know where accumulators are buying...Note
This should be a very safe entry, let it run.Trade fermée manuellement
I'd stay flat for now, let's wait for a weekly base to form again.Note
Constructive price action in the daily, might be a bottom but no buy signal yet.Note
Bottom spotted, after today's close, you could look for longs on a new daily high, keep wide stops.
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