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Victor Cobra's Trading Challenge - Part I (XLM/XRP/NANO)Repost of the video I made last night. This one's a little shorter. I bought 3 coins with the intention of cashing out completely once I reach a profit goal, rather than holding long term. I may fail miserably at this, but it's a learning experience :) Entries: NANO - 2525 XRP - 7600 XLM - 2620 Targets: NANO - 2750 (already hit), 3300, 4000, 6000 XRP - 8700, 11000, 14000, 22000 XLM - 3500, 4000, 5000 Possible USD targets: NANO: $1.80-$2.20 XRP: $0.60-$1.00 XLM: $0.25-$0.35 Looking at the XRPUSD chart is interesting. On the Bitstamp log chart, we seem to have broken out of the triangle and even retested it as support: XLM as well. May complete a giant inverse head and shoulders on the USD chart. Anyway, this is not financial advice. This is a personal trade I'm doing, and it may not play out in my favor. I will post updates. -Victor Cobra
NLong
by VictorCobra
NANO Barely Holds Above MAJOR Broken Resistance Quick update on NANO. In my last analysis, I said I thought we could push up towards the 3300 major resistance level, if we continued to hold above the broken diagonal resistance (pink). We dipped below briefly, but managed to find some buying support, despite many people probably falling asleep on this coin, or dumping it to chase other pumps (looking at you, RVN, ADA, VET, and BNB). If Bitcoin doesn't dump here (in a very sensitive area right now), I think NANO will finally move up and head towards my targets. I added some more to my long term position at 2535 (not an amazing entry, but I'll take it if we move up considerably). I almost sold when we dipped below the trendline again, but so far it's looking okay yet not ideal. Let's see. Right now, the r/r seems to be fairly good, since a stop loss would be set probably in the mid-high 2300's, which isn't so far away, while the upside could be pretty massive. This is not financial advice, and I'm not a professional financial advisor. I'm just curious to see if NANO can finally make a sustained move up. -Victor Cobra
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by VictorCobra
NANO Chart FULL Trade [NANOBTC](555% PP) @alanmastersNANO Overview Launched in 2015 by Colin LeMahieu as RaiBlocks, Nano is a low-latency payment platform that requires minimal resources; making Nano ideal for peer-to-peer transactions. NANO (NANOBTC) Chart Analysis This is a very famous cryptocurrency project, I believe it can move soon: Daily chart: NANO Has retraced to the 0.786 Fib. retracement level from August 2018 bullish wave. Each time this level was touched, blue arrows, NANOBTCs price quickly bounced up. Now we have a break above all major resistance in the form of moving averages and a significant increase in trading volume. With the altcoins market booming, we can expect NANO to move as well pretty soon. Weekly, long term, chart: NANOBTC Is now trading above EMA10 with increasing volume and a bullish RSI. NANOBTC Trade Instructions by Alan Masters Trades Buy-in: 0.000240 – 0.000260 Next support: 0.000220 Targets: (1) 0.000280 (2) 0.000310 (3) 0.000340 (4) 0.000370 (5) 0.000400 Longer term (1) 0.000490 (2) 0.000560 (3) 0.000650 (4) 0.000780 (5) 0.000910 (6) 0.001130 (7) 0.001400 (8) 0.001700 Stop loss: Close weekly below 0.000180. TRYING HARD TO SUCCEED… BUT I KNOW I CAN The goal is far away, the treasure is already known. I am already living the adventure… But some obstacles are hard to overcome. I wake up, full energy, full of life, full of love… I know that I am awake. Today life has blessed me with another opportunity… To proof myself, to make it happen, to learn to share. Being thankful is the beginning for me for all my days. Some people might not realize it, but I am trying hard to achieve success… And I am happy… Because I know I can. Namaste.
NLong
by AlanSantana
2
Market Update - NANO/XLM/BTCTaking a break starting today for a bit. Won't be updating my charts until at least Monday. Just outlining some possibilities, since we're still sideways, though some alts are looking strong. Bitcoin and Many alts are at or near major resistances, so now is the time to wait to see what happens. With BTC, I forgot to mention in the video the possibility of a new falling wedge (in green on my chart). This would be very bullish, as it would build buying pressure on the long term bear market resistance (pink). This video isn't financial advice. It's what I'm seeing in the market today. For educational purposes only! -Victor Cobra
COINBASE:BTCUSD
by VictorCobra
2
NANO Finally Looks Bullish Again!As you can see, I'm spamming with some updates today. Wanted to get this out of the way before a busy weekend. In my last NANOBTC analysis, I saw some weakness, and figured we'd at least stagnate for a while before we either broke down or finally broke out of our wedge. We managed to break out of our smaller wedge on massive volume, but found resistance at the larger wedge resistance in the 2600 area as I suggested would probably happen. However, we've since made multiple attempts to break 2600, which is a sign buyers haven't given up yet. IF we can break out of the bigger wedge, I think NANO can go a bit parabolic, since it has been held down for so long. We could even finally target the mega-strong resistance just above 6000. This may not play out, obviously, especially if NANO breaks back down below 2300 or so. In that case, we may actually break down and continue to fall through this giant wedge. If you zoom out, you can see that the 6000 is very important, as it's where NANO had its first capitulation event after the Bitgrail fiasco. You can see on the weekly chart that the oscillators have a lot of room to grow as well. The BUY setup is simple: BUY on the confirmed breakout of the wedge - above 2600. SELL targets: 3000 3300 4000 6000 A Stop loss, perhaps, between 2100 and 2300, depending on your risk tolerance. Not financial advice. This is a setup I'm looking at, because I feel like this has some potential. I love analyzing this market, and I do this to educate myself and essentially keep a TA journal. ***As a special note, I would like to mention that the reason I decided I had a knack for TA was when I perfectly timed the NANOBTC bottom in August 2018, and predicted the low between $0.75 and 0.85 BEFORE it happened. This was because I compared it with Bitcoin's 2011 bubble and logarithmic trend. You can read about that in my post below "NANO, and how I used it to time a bottom." Since then, NANO has not gone below its August low, despite many other coins heading to new lows. I also speculated that the earliest the bear market COULD end would be in late January, early February 2019. And IF the market is finally turning around on a large scale, it will be fun if I was right :) -Victor Cobra
NLong
by VictorCobra
Investors Losing Confidence in NANO - Breakdown Possible Hey guys! As you know, I've been bullish on NANO against Bitcoin (BTC) for a while, but since the failed rally, things are starting to look worrying, fundamentally as well. Since the very beginning, exchanges have had trouble implementing the NANO code, and it's starting to really become a headache. I haven't sold off any of my NANO as of yet, but I'm starting to become concerned. Over the last week, big sells have been dominating the order flow, which could suggest that big money is losing confidence in the project and moving on to other coins. Right now, NANO is at risk of entering a deeper bear trend as the rest of the market rebounds. As you can see, we are in the middle of what could be a nearly endless falling wedge that has an eventual target at the August bottom, in terms of its Bitcoin ratio. If this happens, we may slide down to the $0.75 support (or even below) for a while until we get some positive news. Any sort of further negative news will likely break us down. However, if we can get some positive news for NANO in the coming weeks, we could see us finally breaking out of the downtrend and sending us on an impulse towards the first major resistance (green X). This isn't really a trade setup, it's just what I'm looking at here. For NANO to remain bullish against Bitcoin, we need to break out of this pesky resistance again with MASSIVE volume. This could easily happen as well, if the stars align. This is really an "up or down" post, but I wanted to get it out of my system, since I'm seeing some worrying things on this pairing. This is not financial advice. I hope this project succeeds. It would be a shame to see it fade away. It has a lot of promise, but unfortunately its tech is very challenging for whatever reason, and I fear that there are unfixable flaws. Maybe some of you can offer your input, if you're more familiar with coding than I am. Link to previous NANO analyses at bottom. -Victor Cobra
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by VictorCobra