I was very happy to see my first analyzing give many traders great profits "Thanks for all supporters", so I decided to not share any ideas if I'm not very sure of it.
Now my new idea is here for NANOBTC Several strong indicators support this idea "up trend , safe triangle, Fibonacci, resistance line" I'm newbie in the analyzing field, but these indicators together makes me sure it'll rise too high, it's an advice, enter at your own risk. To be honest I'll not purchase before seeing the price break the triangle and resistance line, then it'll be more safe to wait for the fib lines targets and take safe profits.
Our targets in this deal are: 1st: 0.00157 2nd: 0.00170 3rd: 0.00205 4th: 0.00262 is so far but possible Other fib lines are possible too depending on the buy volumes after every line.
(A declaration) As a normal trader " not a crazy bot :D " always keep your eye on the selling orders volume before the targets "the very close orders" if it's huge, then you can sell at this point, and follow the trade again from other new point.
All the comments and advice about the idea are welcome. Happy safe trading all.
交易進行
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The condition of entry hasn't yet been achieved. Don't purchase before seeing the price break the triangle and resistance line, then it'll be more safe to wait for the fib lines targets and take safe profits. I'm still waiting the good entry point, keep watching.
交易進行
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The triangle already broke, and it's trying to break the resistance line now, if it done, then come ride the rocket with me ;) ^_^
交易進行
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The marathon has been started Target 1 reached, keep holding
Let's hope NANO will soon re-enter that rocket lane of your!
Here is a 30 minute NANO zoom. Price is currently moving and pinching within a symmetrical triangle, within the bigger picture pennant. RSI is slightly positive, pinching in a ascending triangle shape. Monitoring the break, let's hope it will be upward.
Basem_Fatouh
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@CryptoJC, It's a better view with bigger ribs, of course it's confirming my idea, both are in the same way, but yours confirming the long term more
I hope the price commit our expectations, it'll be a huge profit so.
Thanks for your concern bro.
orbsatchel
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Beautiful chart. This seems to be following the 4hr chart and the long term trendlines?
Basem_Fatouh
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@orbsatchel, It's created on the 2 hours chart, reviewed on 4hrs, 1 hr, and 30 minutes charts to be sure of every point, and yea with long term trade lines.
We still inside the triangle, so the trade still active, without purchase yet, just wait for the correct point to enter, or leave it if the price goes down out of the triangle.
@Basem_Fatouh, The spinning top forming on BTC daily right now making me uneasy and pushing me to think NANO could fail if it does. Also on the hourly NANO there is a short downtrend line we are on too. Next few hours decides where I buy back in! Thanks for the talk and clarity.
Basem_Fatouh
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@orbsatchel, You're absolutely right, whatever happens don't buy Nano under the resistance line, otherwise you can make some fast scalping on the 1min+5min charts, but I'm pretty sure that you know how dangerous is that.
Here is a 30 minute NANO zoom. Price is currently moving and pinching within a symmetrical triangle, within the bigger picture pennant. RSI is slightly positive, pinching in a ascending triangle shape. Monitoring the break, let's hope it will be upward.