NCASHBTC forming bullish Butterfly | Upto 200% big move expectedThe Priceline of World's 440th ranked cryptocurrency out of more than 2300 cryptocurrencies Nucleus Vision (NCASH) is forming bullish Butterfly pattern and expected to enter in bullish potential reversal zone soon.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the NCASH priceline's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 127 to 1.618 Fibonacci for a perfect bullish Butterfly and then the price action will be entered in potential reversal zone of this bullish Butterfly pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: 0.00000008 to 0.00000005 sats
Sell between: 0.00000010 to 0.00000015 sats
So this mid term chart has potential to give upto 200% big gains.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Butterfly pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Nucleusvisionbitcoin
Dear Holders, I Love $NCASH but...I really love the idea of Nucleus Vision, but to be honest with 10 billion supply, it won't really work until one day mass adoption coming. Because we need a stabilize the environment above all else so it can work just like our traditional currency right now. Nucleus Vision basically not bad as one of low sats because it is successfully listed on big exchanges like Huobi, Zebpay and of course, Binance. Looking forward for more.
But if you are only lookin for trade idea to be here, then these what you will get:
1. Low sats like NCASH quite affected by BTC price which they will dumped easily and pumped easily. Because the psychology behind low sats is it look cheap. So for both retailers and whale is almost the same unless you have another factor to consider on.
2. The RSI level for short term is a retracement from recent dead cat bounce, so i seek further dump as people realize that what happened towards BTC price at the current status quo due to Mt.Gox creditors meetup. But ETF acceptance will be a positive one.
3. The current price is on the range of lowest support of all time which means, the R:R quite tempting to hold but, considering the risk, it's also quite risky because probably it can make a lower low.
I just drew my supports and resistance line which you can follow. NCASH is on my watch list.
