darksidejosh
Long

NXS great long term project, short term bearish

BITTREX:NXSBTC   Nexus / Bitcoin
nxs has been ranging in a wedge for sometime now and appears to have broken down. I would expect the price to move down into my buy zone box before its next intense bull run. cloud resistance is very strong here. FA suggests this could change with a pump in the short term but this will become obvious on the chart if it plays out. if the tenkan drops below the kijun, i think our box will be filled. when the tenkan makes the next upward cross, this is when the rocket decouples. i believe this coin is an excellent LONG term hold. I will attempt to get an entry under 19000 and plan to hold until shortly after the next btc bull run tops out.

Comments

missed it by THAT much
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Wonder what will happen when soon Tritium comes out and Rockets fly.
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darksidejosh StacyDaleBarendse
@StacyDaleBarendse, very open to my idea being trashed. the daily is still technically bullish, but we will need to see some movement in the next few days or that will change
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StacyDaleBarendse darksidejosh
@darksidejosh, Well, stupid money is most certainly short. Fundamentals pave the way in emerging markets...not TA.
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darksidejosh StacyDaleBarendse
@StacyDaleBarendse, yes, and the only near term FA that applies is a whitepaper release. That generally will not be enough to push through a trend. mid term, yes, i can absolutely see FA factoring heavily, and the sentiment around this project (like many others) is very bullish. however, there are LOTS of bag holders, and until some concrete production, this, along with all other speculative crypto projects, will remain at the mercy of the market. everyone is reading and trading the same charts. i dont have a short, but i am waiting for a better entry. (also, this is not holding up as well as some against the btc bear)
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StacyDaleBarendse darksidejosh
@darksidejosh, No. The revolutionary Tritium AND wallet will be released shortly after whitepaper this month. Nexus is not some over hyped shitcoin pumped and dumped by TA traders. We are clearly in the accumulation zone. Very soon this will be the LAST time we see a single handle Nexus. The new management team will be at Consensus 2018. Get long and stay long!!!
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darksidejosh StacyDaleBarendse
@StacyDaleBarendse, you sound like a community member now, not an unbiased trader. These are MY thoughts, you can take them or leave them... but arguing with me on the merits of 1/1800 crypto projects is foolish. i dont care.
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