Watch out for a good old fashion bull trap.If BTC rally continues maybe we might break new heights soon but I tend to think we need to be careful especially if BTC takes a correction soon.
NIMBTC trade ideas
Nimiq/BTC - Falling WedgeAs mentioned in my previous analyses , we have small support at 0.50 stats with a possibility of breaking that support and chase the next Fibonacci level bringing the price around 0.37 sats.
I was able to spot a Falling Wedge pattern that aligns really well with 0.37.
Volume is also decreasing with the price is a bullish sign, are we ready to break up?
3 scenarios for NIM during the next 1-2 monthsNIM has had quite a ride and a huge correction was bound to happen at some point, here are 3 possible scenarios that could play out. I have 3 entries at these levels - each 25% of my usual stakesize.
Descending triangle at the local bottomDescending triangle with the possibility to break up or down, huge movement coming ...
Is Nimiq going to the top 100Nimiq broke the top of the ascending broadning wedge and printed a new ATH. Maybe will see more upside movement bringing the coin to the top 100.
LONG When to jump on the NIMIQ TRAIN, here are the options!Nimiq has recently seemed to perform well when both BTC is up and down. What is the step? Here are my recommendations to follow.
1. If BTC rises and Nimiq breaks through the flag formation buy more.
2. If Nimiq is due for a correction, wait until the next bottom to buy in again.
I mostly think about two things these days, when will Nimiq enter a top100 market cap coin ? what will happen when nimiq rolls out staking?
Ascending triangleNimiq is still in the previous pitchfork zone, plus in ascending triangle pattern. If it will follow, then probably sideways accumulation phase until 20 july or so. After that a potentially high breakout to 60 sats.
Nimiq bullish divergenceAfter a upward pump, Nimiq has cooled off within the pitchfork lines. We seem to have a good support crossing the pitchfork, forming a bullish divergence that generally breaks upwards.
Total Supp: 21.000.000.000 I know too little about this coin.
From Coin market cap Circulating Supp: 6 942 693 359
Total Supply 21 000 000 000
Vol 24 Hours $ 1 252 872
Market Capital $ 16,209,119 U S D ___ 1690 B T C
Rank: 197.
website: n i m i q . com . es
Bottom in? Ultra Low Cap GemSeems to be a nice spot for accumulation.
With Staking approaching this is an ideal spot to get some nim.
Great project, great team, usability smashes other coins.
Go to the nimiq website and try first
This bottom reminds me of the bottom of BTC in December before blast off, if alt season does happen, then the gains here could be huge.
Target is 30 - 50 Sats or higher.
If this goes lower, so be it, easier to accumulate.
Timescales of 3 months +
Patience is key ...
