alanmasters

Nano (NANOBTC) - 346% profits in just 12 days (Cryptocurrency)

BINANCE:NANOBTC   Nano / Bitcoin
The cryptocurrency market is alive and well, and generating huge profits for common people all around the world. Look at NANOBTC for example...

Nano ( NANOBTC ) went on a nice run after it hit bottom on the 14th August, generating up to 346% profits in just 12 days (which can be seen on the chart above).

After each move up comes the retrace and this is where we are at now.

Nano's price brokoe the 0.618 Fib. level easily and it is now being supported by 0.5. I believe this one won't hold long and we are looking at 0.382 Fib. for support (0.0002951). If 0.382 does not hold, we look for 0.236 Fib. level next (0.0002308).

On the other hand, if 0.5 Fib. level holds. We wait for consolidation and look for a buy set up. With good support, we can buy in and prepare for another run.

Patience is key. And remember to wait before you buy back into a trade.

This is an educational post to practice and learn. This is no trade advice... Thanks a lot for reading...

Final tip: When you trade, use a stop loss. If you make a mistake have doubts, go long.

Note: This is no trade advice. This is an educational post for your learning and entertainment.

Namaste.
Comment: Previous NANOBTC analysis:
Comment: So far NANOBTC has been holding really strong.

$1000 Bitcoin drop and the Binance alts took it as a $100 drop... This is a positive signal for the near feature of these tokens.

Here is the weekly chart (when the weekly candle closes on Sunday we will have a better picture - so far it looks good as both candles have a long wick at the bottom):
Comment: Things are going as expected and it looks like 0.382 fib. is going to hold. We need more time to confirm, but if it does hold, we will definitely move up from here; might need to consolidate first.

Daily chart:
4h chart:
- Oversold on the RSI.
- Yellow line is MA200, bounce as soon as this line was hit.
Comment: Update for NANOBTC:
Comment: NANOBTC is looking pretty good. If it can break 0.0005670 on a new wave up, this will be a strong bullish signal. Let's see how it goes in the coming weeks.
Comment: NANO Seems to be preparing for another push.
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Comments

good call that 0.5 won't hold !
+1 Reply
As far as I can see NANO is one of the fast recovering ones
+1 Reply
Thank you Alan,

Appreciate your efforts. Stocked up on ADA and TRX this morning.... too many sweets in the shop at the moment - can’t buy all of them !

Peace
+1 Reply
@StickerS, nano is also good choice I think!
Reply
alanmasters StickerS
@StickerS, It is my pleasure. Thanks for the comment.
Reply
Wicked work
Pls update us for entry level :))


God loves u man :)
+1 Reply
@meveme, I will be keeping an eye on NANOBTC.
Reply
Let's hear you thoughts on NANO..Update please...8)
Reply
alanmasters deepmininginc
@deepmininginc, Still consolidating.

@dogalkozmatik
Reply
update please
Reply
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