... opinion. It is better to trade this coin in USD than BTC in my honest opinion. Everyone should trade a coin in USD if it's offered for trade in USD.
EDIT: Heikin-Ashi Weekly candles indicates potential for more downside. May NOT want to rush to get into this one. Play it smart on making a good entry. Weekly Heikin-Ashi (HA) posted below.
EDIT #2: However, the Daily HA (Heikin-Ashi) shows more signs of reversal to the upside. So, it's definitely time to pay close attention to this one. The Daily HA is posted below as well.
EDIT #3: AGAIN, I'm NOT saying RUSH to buying this one. I'm saying it's worth keeping an eye on to make a SMART entry.
Yes, you can trade it with your BTC's. However, you will be FORCED to pay even closer attention to the price movement of BTCUSD as you follow NXTBTC. Because this will directly affect the price of NXTBTC if the price of BTCUSD fluctuates dramatically while the price of NXTUSD remains the same. I'm telling you this to try to help you avoid losing too much of your US Dollar capital.
I like what I'm seeing thus far. It is worth going long on this one in my opinion. I will post other chart(s) on NXT shortly.
By the way, I've recently made myself a rule. Which is, IF a coin has 3 zeros in front of it behind the decimal point [Such as, 0.000etc...], I would have to see very clear signs of strength before I will consider involving my time and energy on that coin. If it has 2 zeros in front of it and the 3rd digit is 5 or higher [Such as, 0.005], it's worth getting into with medium signs of upside movement [As is the case here].
Weekly HA
Daily HA:
Daily Ichimoku Cloud added for addition indication of reversal on the horizon:
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This one chart should be enough for now. The text bubbles speak for themselves when explaining where we are possibly going...
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If we end up going well higher than 0.01281589 (Aqua line) and get closer to 0.02724090 (purple line), then the purple line will be a good indication of where our Preliminary Support Line is located. Meaning, that will be our "breakout" line for a future Spring and/or Up Thrust.
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I just wanted to make a note for future reference that we began moving upward at the point where my red (down) trend arrow meets the green (up) trend arrow.
This is the 4h TF to show that...
Comments
slawin
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Where next will go?
WyckoffMode
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@slawin, That's a good question. I will do my best to explain why I cannot give the answer to that question [Yet] in a couple of charts above within the next few minutes...
slawin
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@ProwdClown, I will wait)
JackieHuynh
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i think ARDOR has found its bottom during BTC's rally on last Dec 2016.
WyckoffMode
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@SamHuynh, Just got out of the shower. Thanks for the reply again. I'll have a look at Ardor's roadmap.
JackieHuynh
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ARDOR indeed has pumped. However, it won't be a long wait as NXT for next pump. if you check NXT website for Ardor's roadmap, Ardor has more news than NXT in 2017. Today pump is because of the testnest launch which they promise on the roadmap Q1 2017
JackieHuynh
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NXT is at ATL level. However, it might be a long wait because it won't have much news until Q3 2017. I think you should look at Ardor instead
WyckoffMode
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@SamHuynh, I'll have a look
I agree with you, when we look at the weekly. This one takes a LONG time to play out. However, this one is a relatively cheap coin. I'm thinking of dropping a small amount on this one for the hell of it soon and holding on to it for a while. I'll keep my eye on it of course with alarms to alert me to have a look at it when there is decent movement on the up or downside of our current location.
What's the reasoning behind looking at Ardor? Many times one would want to sell the news. It's already up 26+ percent. I'll have a look, but I have to know there is serious potential with the coin both in terms of THE TRADE and FEATURE VALUES before I consider a coin with more than 3 zeros after the decimal point and with it NOT being traded in US Dollars. Coins not traded in US Dollars can often become a distraction from protecting one's USD Capital and would require one to be in that coin for quite a while holding the bag before potential of serious profits. Especially, if they missed entry before this current 24+ percent markup.