NPXS - Distribution Run

NPXS get ready for 7.316% distribution at 31 oct 23:59 UTC+8.
Ice moves. Huge order book will explosion to 31 and next to 49 levels.

Remember about sell off after distribution time.
For enter position - better to use "market order" because now this market not selling price down.

support.binance.com/...Token-Unlock-Program
(not promotion link)

Comment:

A pullback after distribution is an expected market response, and this is what we were ready for, because we knew about it beforehand and accepted this action taking into account the risk.

However, we have some facts for this market.

* 1.5 months, we see a two-way price in an uptrend
* We see that the market behaves steadily without sharp drops or rises.
* Now we are above technically important level 24
* We see strong shorts pressure at level 27

We have already seen what the strong support for the uptrend and the pressure of the shorts leads to. Of course, to compress a short position. As long as level 24 holds, this market will continue to be in an upward movement. Closing the day below level 24 will mean a mid-term trend change.

I watched what was happening yesterday at 0 o'clock Hong Kong time.
There was no huge sell off. Price began perceptible movement only an hour after distribution. Given that the book orders NPXS simply huge - this suggests that this market is not so speculative.

Now the price is playing around level 25 shaking out coins from weak hands.
After the expected growth - this process is also expected and can last several days before the price goes back to resistance 27. From there levels 32-33 are expected targets.

Comment:

30 oct Bittrex International (for not USA citizen) listed NPXS pair.

support.bittrex.com/...ternational-is-Live-

Comment:

I fing new info that NPXS change distrubution in September to new scheme:
support.binance.com/...rticles/360015757032

So now NPXS give you coins proportional by your everage daily holdings in month. And to get 7.3% coins you need to hold it whole month. Its not good for speculative but good for long term stability of this market. And one bonuse that all time you trade NPXS - you will get NPXS for this in next month avarage 0.243% daily.

About TA - this market totallu boring now. Daily volume decrease in x10 times last 2 days. And its good sign because low volume mean end of consolidation soon. And huge book shouldnt scarry you because on this market trade big players - 50-100-800 thousands NPXS trades in one time.

I watch order book and it shows that big players absorb any sell of small traders. Now going process of accumulation and then this market wake up we will see much more movements 33 - 42 - 48 levels are real for this month.

Comment:

I need to correct my words - 50-800 Millions market orders is simple for this market. So the wall of 600-900 millions can break in few minutes.

Comment:

Binance distributed October NPXS. Because of this today we can see some sell off pressure.

Comment:

Today DigiFinex will list NPXS pair for trade.
DigiFinex is 3rd place of all exchanges on CMC.

Announce: medium.com/pundix/ne...gifinex-ea82f1da2309

Comment:

Update NPXS enter. Better to trade in ETH pair because on BTC with integer like 17-18 its imposible without decimals.