NXTBTC: Perfect base for a rally

2 thg 4, 2016

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.

10 thg 4, 2016

Ghi chú

We might test 1440 before buyers step in.

14 thg 4, 2016

Giao dịch đang hoạt động

We know where accumulators are buying...

18 thg 4, 2016

Ghi chú

This should be a very safe entry, let it run.

22 thg 4, 2016

Giao dịch được đóng thủ công

I'd stay flat for now, let's wait for a weekly base to form again.

23 thg 4, 2016

Ghi chú

Constructive price action in the daily, might be a bottom but no buy signal yet.

1 thg 5, 2016

Ghi chú

Bottom spotted, after today's close, you could look for longs on a new daily high, keep wide stops.