NXTBTC trade ideas
A simple NXT ideaNXT seems to have touched the rising lower trendline and hopefully should follow it till the end of the triangle and break out at the end of it.
UPDATE for long position in NXTprice is break in 61.8 fibo and retracement in 78.6 .you can open a long position by flowed risk/reward in chart
NXTbuy now @ 0.00004400 and sell @ 0.00004870 & 0.00005370
any move down the support we can see bad move to 0.00003970 & 0.00003500
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$NXT Mid term will short, but then along the trend line or MOON!$NXT looking like it has a nice trend, but it's got a lot of room to fall (-25% or so) before it reaches the bottom support.
Long term bulls, short term bears
Nice risk to reward position for long in NXTprice is retracement in 61.8 fibo and you can open a long position by flowed risk/reward in chart
NXT is a coin where TA doesnt work, fundamentals are driving it NXT is a great platform and idea that I wholeheartedly support, but feelings dont make money in this field. NXT is going to have big fundamental events in the next 1-7 days so TA wont be of much use here for now. They have an ICO starting at 6:45 UTC 8/5 which will continue onto 8/12. Many people feel that they will receive "free IGNIS" during that snapshot, which is only partially true (im not going to post all the info here until i clear some positions).
Anyways, people will be holding NXT until at least ICO start time and then who knows what will happen, my guess is that there will be a big selloff (maybe not all at once, but spread out over 24-48 hrs) and it could potentially drop it to the .618 FIB line at 4500 or worse to around the 3950 line. If you are looking to sell positions there will be NXT accumulation and holding for the next 12 hours, I believe it can potentially max out between the 6500-7000 range so I would hold until it gets there. Coincidently it it breaks below the 5290 support with volume I would recommend to have some stop losses in place.
NXT, ready for next push.Looks like we turned as aspected, Hopefully now it will gain in strenght and push up to target.
NXT: Oh No You Din't!The current NXT chart looks a lot like the XMR chart from this article: www.coinstreetnews.com
If this is so, then the upside is super awesome. Buy the dips is the mantra on this play. targets should roll in just above 3, 6, and 9K.
