POLONIEX:NXTBTC   NXT / Bitcoin
A daily summary of the previous day’s market activity and review of current state of market on Cryptos.

Analysis

Daily Time Frame read

On the daily TF after the price breached the red ray and green ray (S & R) we are officially in buyer’s territory and holding above the buyer’s territory. We have strong buyers and strong sellers. I have done few buys in the past and then sold all my positions once my TP hit. We got a nice pullback as the bears are in control as of now and struggling to go Low as we are working with the important support at the green ray region. I anticipate that price will leave a wick touching the red ray and then shoots up. As of now there is no sign of buy or sell on the Daily.

240H Time Frame read

On the 240H after price breached the orange line we can see some selling pressure coming up and bears are not giving any chance for the bulls to gain some momentum as you see no pull back for buyers to sell for cheaper price. Once we breached the gray ray we are in the new seller’s territory and buyers got some pullback to do some sells at the top of the range. We are working with the 4th touch as of now if price touched the bottom of the range and leaves a spike at the bottom showing some buying pressure then I can enter the trade once I take out sellers who have done their sells lastly.
Entries, Exits
Entry can be little below the green ray and Exit will be top of the Range.
Aggressive Entries and Stop loss
If you are quite aggressive in nature and don’t want to lose few Sats             then you can enter the trade once the price come down to the bottom of the range and leaves a spike at the bottom and then enter the trade and SL below the wick.
Conservative Entries
If you are conservative in nature then you can enter the trade once you see the last sellers have been taken out and leaving a wick on the bottom and then wait for a moment to check weather price can make a LL or not and then enter the trade.

Risk Management
• If you are an aggressive trader you can risk 2% of your capital on this trade.
Tight SL below blue line. Position Size should be calculated based on 2% of the capital/SL by Sats             .
RR should be at least 1:2.
HODL overnight not more than that because BTC             market is speculative atm.
• If you are a Conservative trader you can risk 1% of your capital on this trade.
Wider SL below the wick under the blue line.
Position Size should be calculated based on 1% of the capital/SL by Sats             .
RR should be at least 1:2.
HODL overnight not more than that because BTC             market is speculative atm.
Trade Management
• Remove 50% of your profit once you make 5% on your investment and make SL to ‘0’ (Aggressive and Conservative entries).
Add few more position once you see a HH and struggling sellers in between the gree
@shyam_shankar Thank you very much mate for such full illustration.

Always appreciate your efforts .

Can you update please

Have a lovely day
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