I'm a bit torn on if this will be a normal ABC Correction, or if this was wave 5, and a larger correction will take place like the last large uptrend where it dropped to around 2000 sats after hitting ~4100 sats. I know this is a bit cluttered, but I've tried to see where on the fib the different waves have fallen in the past, and there appear to be some consistency between the different ones. If this isn't the 5th wave, (which it appears to be), then you can attempt to buy A, sell B, buy C, then ride it up. If this was the 5th wave, then that'd put C around 2000-2200 sats before the rockets take off.
I went all in on NXT a week ago at 1800 and doubled my money. I've sold it and I have two buy orders in right now that are a bit conservative, and not really my "targets" for this chart since overall I feel like this will hit minimum 7500+ sats before Dec 25th with the airdrop etc, and I don't want to blotch this like I did EMC2 a few weeks ago and forgot to buy back in after my first target I had on the chart I posted. As of now, I have a buy order at 3254 sats and another at 2868. A buy back at either of these nets me more coins, so I'm fine if I don't hit it perfect and have to ride it down a bit further. If it looks like it is going towards 2k-2200 I'll plan to stop loss and buy back in cheaper.
Disclaimer: This is only my third chart I have published. EMC2 chart was pretty spot on other than the unexpected moon landing that happened lol. I have no previous trading experience and just got into crypto back in August of 2017.
Pointers are welcome, as I'm just going off of what I have self taught these past few months. I'm sure there is a lot I do not know with actually measuring waves etc, I was just eyeballing where it hit fib in the past.
I went all in on NXT a week ago at 1800 and doubled my money. I've sold it and I have two buy orders in right now that are a bit conservative, and not really my "targets" for this chart since overall I feel like this will hit minimum 7500+ sats before Dec 25th with the airdrop etc, and I don't want to blotch this like I did EMC2 a few weeks ago and forgot to buy back in after my first target I had on the chart I posted. As of now, I have a buy order at 3254 sats and another at 2868. A buy back at either of these nets me more coins, so I'm fine if I don't hit it perfect and have to ride it down a bit further. If it looks like it is going towards 2k-2200 I'll plan to stop loss and buy back in cheaper.
Disclaimer: This is only my third chart I have published. EMC2 chart was pretty spot on other than the unexpected moon landing that happened lol. I have no previous trading experience and just got into crypto back in August of 2017.
Pointers are welcome, as I'm just going off of what I have self taught these past few months. I'm sure there is a lot I do not know with actually measuring waves etc, I was just eyeballing where it hit fib in the past.
Comment:
Since I'm unsure how to add pictures like some other traders have done in the comments, I made an additional chart that has been adjusted for if this is the 5th wave correction. (The Red Line)
Comment:
Meh, I guess that is how they have been doing it ha.
Trade active:
First buy in at 3254 reached.
Sell set at 3815 (B)
My 2nd personal buy in hasn't been reached yet.
(Again, I was personally being more conservative with my re-buys than my chart prediction as I was already in profits on this coin and didn't want to miss an EMC2 style rocketship like I previously did on my last chart)
Sell set at 3815 (B)
My 2nd personal buy in hasn't been reached yet.
(Again, I was personally being more conservative with my re-buys than my chart prediction as I was already in profits on this coin and didn't want to miss an EMC2 style rocketship like I previously did on my last chart)
Comment:
Hitting predicted (A) now, I guess this is the moment of truth on how big the correction will be.
Trade closed: target reached:
Sold 1/2 my holdings at 3815 auto sell. Watching to confirm downward drop to C before manually selling the other half. So far the chart is holding true.
Comment:
The candle closes were pretty spot on with my A on Chart 1; however, the wick touched the A on Chart 2. Placing a buy order at 2815 for half my allotted NXT money, and I'm going to trickle other buy orders down to 2400 sats incase we get a long wick again.
5 to A took approximately 2 days and a few hours and 13-14 candles for reference.
5 to A took approximately 2 days and a few hours and 13-14 candles for reference.
Comment:
Well BTC is off with the usual shenanigans again, so I'm a bit curious how this all plays out. Either it'll keep rising and make it that much easier to hit C, or BTC will have a huge dump and potentially rocket this on up. I'm currently sticking to the chart for my buy ins, but I have been short term trading these quick up and down movements with a couple thousand coins to accumulate a few more on the way.
Comment:
Trade active:
Broke Triangle, Bought back in at 4100 ish
