market cap: 26 million
down from ATH: -99%
Founded 5 years ago Nxt is one of the oldest cryptocurrencies, sort of an OG coin.
Nxt provides a modular toolset and gives users complete freedom to create their own applications.
And it’s one of the best examples for market cycles.
Now price is close to ATL and in my buy zone.
high risk huge reward trade
BTCUSD 1W logarithmic scale
Let's have a look at the $BTCUSD 1W log scale again.
12 months bloody bear market finally brought us to my predicted bottom area.
We are not out of the woods and another drop is still possible, but after a 84% retracement it's definetly time to pay attention.
Additinal RSI studies.
I think it's worth to monitor the weekly RSI from...
Inverted H&S scenario for BTC.
Shorted at 6750, target around 6300.
I will open a long position in the green buy box.
If this scenario plays out the inverted H&S should bring us in the 7000's
The red box is my maximum target before another correction and another possible inverted H&S
Since the beginning of 2018 Bitcoin did always hit support or resistance on the 6th.
Market manipulation or coincidence?
This makes me think we might touch the bottom line again on the 6th around 7k before bouncing to aroun 8400 on July the 6th.
Speculation based on TA
As you can see the DJIA / DOW JONES index is closing in.
Soon we will have a decision. Breakup or breakdown?
In either ways it will be dramatic...
I sold all my stocks at top some weeks ago getting ready to short like there is no tomorrow as soon we have a decision.
In my opinion a big correction is overdue.
Stocks totally outperformed their companies real...