NXTBTC trade ideas
NXT Buy Opportunity After Big Dump!Big dump just after the snapshot for the Ignis Airdrop made NXT got the lowest level and has a strong support @ 0.00004 BTC.
Buy @ 0.00004-0.00005 BTC
Target 1 : 0.0001 BTC (profit projection 100%)
Target 2 : 0.00015 BTC (profit projection 150%)
Stop Loss @ 0.000037 BTC
Nuhun.
NXTBTC - Reversion to the Mean - Swing TradePrice has recently had a very powerful retrace through the 4H and daily MA cloud. With the bounce off of the bottom daily FAMA and price action indicating bullish momentum, opening up positions with tight stops to catch the swing to the upside of the MA cloud.
NXT - Road to Recovery?If we look at NXT's price right now compared to November when it hadn't begun to moon yet we can see that we have fallen all the way back down to the bottom. This signaled for a small pump that is now forming into a bull pennant. NXT has lost 60% of it's value over the past 11 days and has potential to go 50%+ from my entry at 4,500 sats. Both the 4H and 1D had bullish crossovers on the MACD and RSI is looking fantastic. I would hold for a few days to reap in some great profit.
NXT 15 Minute Update 6:00 PM DEADLINE!!With current volume and the trade deadline for the snapshot at 6:00 PT it is likely not going to reach 13,500. I have posted some new projections with modest gains. RSI and MACD so weak signs of volume increase.
Target 11,350 by snapshot at current volume
Target 13,500 by snapshot if volume doubles
Based on sustained buying support
Reloading some NXT here, dropping volume dying and bull div 1hI spotted a RSI bull div (1h), momentum stopped dropping, volume dying, it might be the end of the dump soon.
Im filling a bag in green zone to play the bounce. Might sell half at target and then put stop loss above my entry point.
Im setting stop losses under support.
It dumped right after the airdrop snapshot which was super obvious
NXTBTC - Down, but out?NXT is a mess, after a massive liquid selloff. 4h DOES show the MACD making a wide turnaround, but with the price being under its averages, and it basing at the bottom of the recent down move, it's anybody's guess what's next for NXT. I'll be looking for high volume buys near the top of the channel its currently ranging in.
NXT retracement then new pump to higher highFollowing past trend, when NXT reaches a new high it retraces 100% to the start of the pump, then pumps once more to the 1.618 fib line reaching a new high. Waiting to see if this dump continues before buying in - significantly higher volume suggests this dump may not reach the 100% retracement - however i am an amateur and don't know what i'm talking about.
Any feedback or criticism is welcome
$NXT - Short Term Trade Yesterday was a wild ride for NXT with the snapshot for IGNIS occurring along with the requisite pump n dump that comes with events like this. The chart has since settled down & found some support we can open long trades from. Indicators are showing bullish momentum picking up so now is a go time to start entering the trade. Because of the recent volatility I am looking at conservative profit targets in the short term.
NXT - What's next? So as expected NXT dropped hard to exactly the target we defined!. I posted the analysis on the 25th, so hopefully some of you got the chance to get out before the huge drop. I also explained why IGNIS isn't worth taking the risk.
You can see the previous analysis post in here:
So now whats next? Well the RSI (Relative strength index) is showing that NXT is over sold, also the MACD is bullish. That said I'm expecting a small rebound in the coming few hours.
I will need some more time to look at how the coin behaves with such volume after the majority sold out before being able to provide targets.
I will keep updating this post regularly from this moment, so if you are in NXT or a NXT fan/holder stayed tuned.