As the title says over the last 5 days Nexus has spiked over the 20 period moving average 3 times. I’m looking to buy long and hold for the long term target of .00097444 which is the 52 week high. Big gains ahead on many coins, tokens and projects.
Price Targets with potential profits based on .1 BTC . Adjust the BTC amount based on your trading plan. Plan for the worst and hope for the best. In other words plan to DCA every trade if you are HODL’ing and especially if day trading or swing trading. Always have a trading plan and always acknowledge your personal level of pain/risk and tap out when your threshold is hit. Some of the best traders on the planet are just barely better that 50% traders. The thing that makes them successful is they cut their losers short and let their winners run. None of my bullshit is trading advice. Lose your money that’s on you.
.1 BTC ÷ .00026712 = 374.3635 NXS
Target #1 10.51% .00029487 x 374.3635 NXS = 0.110388565245 BTC
Target #2 49.51% .00039984 x 374.3635 NXS = 0.14968550184 BTC
Target #3 82.07% .00048489 x 374.3635 NXS = 0.181525117515 BTC
Target #4 265.54% .00097534 x 374.3635 NXS = 0.36513169609 BTC
!!!Public Service Announcement’s!!!
1. A special thanks to all for the fucktard whales, sharks and manipulators. Thank you for all of the chaos which is allowing us to enter at great pricing. Hey Jamie “Fuck You” you know who you are!
2. Ryan Coffey. You motherfucker! Go back downstairs in your mothers’ basement and jerk your tiny dick with your Cheeto dust covered hands and stop crying about $551.89. Are you fucking kidding me? Buy low sell high! You have no business trading crypto or any financial instrument. I hope Ripple fight you in court and at trial and they win court costs against you.
3. On Friday, May 25th, 2018 Team McAfee published the Declaration of Currency Independence http://currencyindependence.com/index.html which is a pledge of solidarity to unite the cryptocurrency movement and community! Everyone please visit the website in the link or search for it on your own. The time has come for us to unite and stand together against tyranny, oppression and slavery. Free yourself! Take the Red Pill bitches!
Nexus trade looking good guys. We have officially created a higher high and Nexus developed a classic ascending triangle breakout trade. We measure the height that forms the base of the triangle to project upwards our first profit target. When price reaches out first target we will reevaluate our trade and set our new course of action.
Well my brother, regardless of what type of trading you are going to do you need to have a written plan. It needs to be printed and hung up where you can visually see it at all times and you need to be mechanical, no scratch that you need to be robotic in the execution of your trading plan.
If I were looking to scalp any market then the first thing that I would have to determine is what my trade fees are going to cost me on both sides of the trade. You have to pay to buy and pay to sell and that needs to be factored into your trading plan. Then I would need to determine how much profit I want to make on any given trade. In my experience for scalping to be worth while it needs to be small and fast. Most people who scalp do so on very fast time frames like the one, three and five minute charts. Generally speaking when traders scalp they are just looking for a small number of pips or points and for that type of trade to make any real money it will require that one go in heavy on the trade. The equation generally looks like this. Large amount of $ x small movement - trade fees = profit. Additionally my stop losses would be very tight so as to limit my downside risk but that can be difficult to do in crypto because the volatility can be so wild.
I personally prefer the laid back approach. At my very core I am a hybrid trader/investor. I'm 40% swing trader and 60% long term investor. I will still swing trade instruments that I am holding for the long term. To be perfectly honest I am not a very good scalper, mainly because the time frames are two fast for me and I'm more of an analytical type of guy. My brain needs time to process what it sees and validate that information against other market intelligence that I collect. My swing trading and long term investing plans are very similar in nature. They work because I execute them the exact same way every time. If it were me I would seriously consider swing trading and I would make (DCA) dollar cost averaging a part of my plan especially for trades that go against me. DCA is the secret or the magic that makes the trading bots so successful and popular.
Sorry that I cant be of more help but I'm just not a good scalper.
Best of Luck!